Microsoft and Verizon Shares Pullback Among High Volume Stocks Jan. 24th

Microsoft Corporation (NASDAQ:MSFT): Senator Patrick Leahy, a Democrat, said that he hopes to try to soon pass anti Web piracy legislation, even though a bill he backed drew a barrage of criticism from large Internet companies and the public, according to The Hill. The Senate Majority Leader, Democrat Harry Reid, withdrew a vote on the bill that was slated to take place today. Also, Microsoft’s (NASDAQ:MSFT) marketing reorganization will apparently shift power from a central group to individual product teams, following the successful model of the company’s Xbox brand, reported Ad Age.

Verizon Communications Inc. (NYSE:VZ): Verizon reported earnings today. Verizon added 1.5 million retail customers, including 1.2 million retail postpaid customers. While the wholesale channel grew during the fourth quarter, a loss of telematics customers resulted in a net decrease of 490,000 wholesale and other connections in the quarter. At year-end 2011, smartphones accounted for 44% of the Verizon Wireless retail postpaid customer phone.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

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