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Verizon Q1 results, profit fall on pandemic but cash flow still strong

2020-04-24 15:31:00| Telecompaper Headlines

(Telecompaper) Verizon reported lower results for the first quarter, impacted by the coronavirus pandemic and the adoption of a new revenue recognition standard, as well as an increase in bad debt due to crisis. The company said it increased its bad debt reserve in the quarter by USD 288 million based on the number of customers seeking payment relief under the Keep Americans Connected pledge.

Tags: results still fall strong

 

Coronavirus: Post Office to deliver cash to the vulnerable

2020-04-22 14:33:43| BBC News | Business | UK Edition

Travel money services are redirected to help shielded people in one of a variety of new schemes.

Tags: post office cash deliver

 
 

Tele2 drops extra dividend in order to conserve cash

2020-04-21 09:19:00| Telecompaper Headlines

(Telecompaper) Tele2 has abandoned plans to pay an extraordinary dividend from its 2019 results, saying it's better to conserve cash due to the uncertain economic outlook. The Swedish operator also withdrew its guidance for 2020 but said it was on track with its medium-term targets. 

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Local pharmacies face cash crisis

2020-04-16 01:02:05| BBC News | Business | UK Edition

Independent pharmacies warn they may have to shut up shop.

Tags: local face cash crisis

 

Berkshire Hathaway to Take Occidental Petroleum Shares Instead of Cash Dividends

2020-04-15 22:30:00| OGI

Warren Buffett's Berkshire Hathaway last year bought $10 billion worth of Occidental Petroleum's preferred shares to help finance its $38 billion acquisition of Anadarko Petroleum.

Tags: cash shares petroleum dividends

 

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