Verizon said today earnings rose 31 percent in the third quarter as wireless did better than expected. The telecom company also said that its acquisition of Alltel was beneficial in the long run, making it the largest U.S. carrier, surpassing AT&T. Verizon's third-quarter profit rose to $1.67 billion, or 59 cents a share, from $1.27 billion, or 44 cents a share in the same quarter a year earlier. Chief Executive Ivan Seid...

Verizon Wireless has settled a lawsuit over visual voice mail technology with the patent's owner, Klausner Technologies. The companies said today that Verizon would license Klausner's patents and settle their outstanding litigation. They did not reveal terms of the agreement. Visual voicemail lets users see on their phone screen who has left a voicemail and choose which messages to listen to, rather than navigating through a voicemail menu from a key pad. » source | read more