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Comcast Corp-class A (CMCSA) Financial News - Verizon workers on strike could lose medical benefits

Comcast Corp-class A (CMCSA)

Verizon workers on strike could lose medical benefits

Keywords: verizon, strike, picket, striker, picketer, cwa, boeing, gm
Quote: Verizon and other home phone service providers, such as AT&T (TFortune 500) and Qwest (Q), are looking to cut costs to compete with cable providers such as Comcast (CMCSAFortune 500), Time Warner Cable (TWCFortune 500) and Cablevision (CVCFortune 500).This is the first Verizon strike since 2000, when workers picketed for 18 days.The CWA urged Verizon chief executive officer Lowell McAdam to participate in the bargaining.Both sides could lose in Verizon strikestrike has gotten uglydeliberately sabotaging its infrastructure, while the strikers have accused the company of driving a vehicle into picketers. Both sides have denied these allegations.This is the largest U.S. strike since 2007, when 73,000 workers from General Motors (GMFortune 500) went on strike for two days.Many strikes last much longer. When the aircraft manufacturer Boeing (BAFortune 500for 57 days...
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Comcast Corp-class A Stock Summary

Comcast Corporation provides entertainment, information, and communications products and services in the United States and internationally. The company?s Cable Communications segment provides video, high-speed Internet, and voice services to residential and business customers. As of December 31, 2011, its cable systems served 22.3 million video, 18.1 million high-speed Internet, and 9.3 million voice customers. Its Cable Networks segment operates cable entertainment networks, such as USA Network, Syfy, E!, Bravo, Oxygen, Style, G4, Chiller, Cloo, and Universal HD; cable news and information networks, including CNBC, MSNBC, and CNBC World; cable sports networks comprising Golf Channel and NBC Sports Network; regional sports and news networks; international cable networks, such as CNBC Europe, CNBC Asia, and its Universal Networks International networks; cable television production studio; and digital media properties primarily comprising brand-aligned and other Websites, such as DailyCandy, Fandango, and iVillage. The company?s Broadcast Television segment primarily operates NBC and Telemundo broadcast networks; NBC and Telemundo owned local television stations; broadcast television production operations; and related digital media properties, which primarily include brand-aligned Websites. Its Filmed Entertainment segment operates Universal Pictures, which produces, acquires, markets, and distributes filmed entertainment and stage plays worldwide in various media formats for theatrical, home entertainment, television, and other distribution platforms. The company?s Theme Parks segment operates Universal theme parks in Orlando and Hollywood. Comcast Corporation also operates the Philadelphia Flyers and the Wells Fargo Center, a multipurpose arena in Philadelphia; provides facilities management services; and offers food services for sporting events, concerts, and other events. The company was founded in 1969 and is based in Philadelphia, Pennsylvania.
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