Verizon Faces FreedomPop Competition and 2 Dow Movers Not to Miss
Verizon Communications (NYSE:VZ) is among several cell phone providers whose monthly bills take up bigger shares of household budgets, according to the Wall Street Journal. The founder of Skype will introduce the FreedomPop startup on Monday, which is a wireless data service that should save customers hundreds of dollars a year on those bills as the new service will offer its users half a gigabyte of high-speed wireless data per month free and sell more at less expensive rates than what the big carriers charge. Fees will be one gigabyte for $10 a month and five gigabytes for $35 a month.
Wal-Mart Stores. (NYSE:WMT): Retailers want Congress to induce larger competition among credit card providers so as to end what they perceive as bank monopoly on credit card pricing, says The Hill. Mallory Duncan, senior vice president and general counsel of the National Retail Federation believes that most members of Congress think that the credit card system must be further reformed.
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Exxon Mobil Corporation’s (NYSE:XOM) delay in taking up an offer to inspect a new Afghan oil concession could imply a growing disinclination to invest in that country, according to Reuters.
Don’t Miss: Here’s Why Oil Stocks Are Up on October 1.