Boston, MA 02/06/2014 (wallstreetpr) – Verizon Communications Inc. (NYSE:VZ) joins other U.S tech companies including Microsoft Corporation (NASDAQ:MSFT), Sprint Corporation (NYSE:S) and Apple Inc (NASDAQ:AAPL) among others in the ledge to raise more than $750 million towards technology upgrade in U.S. schools. VZ will contribute about $100 million in cash and kind towards the initiative which seeks to support expanded access to broadband and wireless technology to all U.S. students. Such funding will go into computers, software and services and the projected will be backed by about $2 billion from the Federal Communications Commission reserves. Verizon Communications Inc. (NYSE:VZ) remains at the top of the U.S. wireless service.
Rite Aid Corporation (NYSE:RAD) hopes that it can tap a significant share of the estimated $17.3 billion 2014 Valentine’s Day spending. In a news release, the company is inviting love season shoppers to its more than 4,600 locations countrywide and it is offering a wide range of items that answer the need of any love season shopper this Valentine’s Day. The special offering from Rite Aid Corporation (NYSE:RAD) stores are available for early and late shopper so that company definitely hope that the time has come to make up for what Christmas season failed to deliver. Shares of Rite Aid Corporation (NYSE:RAD) traded at $5.45 to bell time, and gained 2.06 percent in the Wednesday’s session.
JPMorgan Chase & Co. (NYSE:JPM) could settle with Mercuria Energt Group Ltd for the sale of its commodity unit, people briefed on the talks report. The bank is looking for buyers for its business unit that deals majorly with owning and storing materials like oil and metals. This is part of the company’s compliance with regulatory requirements which call for banks to reduce presence in such businesses. Earlier on names like Blackstone group LP and Macquarie Group Ltd were identified as bidders. However, it is emerging that Mercuria may have made a better offer to lock out rivals in the cold.
