In Brief: Verizon moves toward Yellow Pages spinoff

Jul 07, 2006

Verizon confirmed Friday it had filed paperwork with U.S. regulators as a preliminary to a possible spinoff of its Yellow Pages operation.

Verizon said the Form 10 registration statement filed with the Securities and Exchange Commission did not mean that a final decision on the plan had been made, although it expected to make one by the end of the year.

Friday's filing included details of the proposed company, which would publicly traded, based in Dallas and employ more than 7,000 employees involved in print and online directories for the U.S. market.

Verizon stockholders would automatically receive shares of the new company, which would be known as Directories Inc.

Copyright 2006 by United Press International

Explore further: China criticizes Alibaba in report withheld until after IPO

add to favorites email to friend print save as pdf

Related Stories

When the ATM runs Windows, how safe is your money?

Oct 13, 2014

How safe is Microsoft Windows? After all, the list of malware that has caused major headaches worldwide over the last 15 years is long – viruses, worms and Trojans have forced computers to shut down, knocked South Korea offl ...

Pursuit of hackers who took credit reports expands

Mar 13, 2013

(AP)—The pursuit of hackers who audaciously stole and published credit reports for Michelle Obama, the attorney general, FBI director and other U.S. politicians and celebrities crisscrossed continents and ...

Zuckerberg's Facebook story is study in contrasts

May 16, 2012

(AP) -- When Hollywood set out to tell the story of how Mark Zuckerberg launched Facebook, it enjoyed the flexibility of portraying a man who, despite his social network's worldwide reach, was all but unknown ...

Recommended for you

Nintendo's nine-month profit jumps on cheap yen

6 hours ago

Nintendo reported a nearly six-fold increase in profit for the first three quarters of the fiscal year Wednesday and raised its earnings forecast as a cheap yen masked weak sales.

SK Hynix Q4 profit doubles to record level

6 hours ago

South Korean chipmaker SK Hynix said Wednesday its profits more than doubled in the fourth quarter to a record high, thanks to the soaring popularity of new mobile devices such as Apple's iPhones.

After setting iPhone record, what does Apple do next?

6 hours ago

Apple CEO Tim Cook says consumer demand for new iPhones has been "staggering" and "hard to comprehend." That helped the company report record-smashing earnings for its latest quarter and primed its stock ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.