PHILADELPHIA (AP) — Comcast Corp.'s second-quarter net income rose 15 percent to nearly $2 billion as it added high-speed Internet customers at a faster pace than a year ago and video subscriber losses moderated.
Verizon Communications Inc, the largest U.S. wireless telecommunications company, reported better-than-expected quarterly revenue on a jump in wireless customers and a surge in tablet sales. The dramatic increase in customers is a boost for Verizon, which has moved cautiously amid some of the deepest promotions the industry has seen. Net additions of wireless subscribers with contracts surged 53 percent to 1.4 million in the second quarter ended June 30. Verizon also sold a record 1.14 million tablets.
The UN chief and Washington's top diplomat were holding a flurry of meetings in Cairo on Tuesday to push for an end to violence in Gaza that has killed more than 590 Palestinians. As the conflict entered its third week, neither side showed any sign of willingness to pull back, with Israel pursuing a relentless campaign of shelling and air strikes, and militants hitting back with rocket fire and fierce attacks on troops operating on the ground. Gaza medics say the Palestinian dead include many women and children, while 27 of the 29 Israeli victims were soldiers killed since a ground assault began late on July 17. On Tuesday morning, civil defence crews with a crane parked outside the Salam building in Gaza City, which was hit in an Israeli air strike on Monday.