Verizon Expects Action in Mobile Payment Market and 1 Dow Mover to Track
Verizon Communications (NYSE:VZ) is among at least two other touchless tech players whose payments could amount to $4 billion this year and $191 billion annually by 2017, according to a report released by the firm ABI Research, to Boy Genius Report, which also said that the NFC mobile payment market will reach the $100 billion threshold in 2016. AT&T and Sprint are also likely to see similar payment totals as will Verizon.
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Exxon Mobil Corporation (NYSE:XOM) should see Rosneft Oil Co. passing it up to become the world’s largest publicly traded producer of oil and gas in terms of production, subsequent to the latter’s acquisition of the other 50 percent in the joint venture from AAR, for $17.1 billion in cash. The purchase is said by Rosneft to be “entirely independent of the transaction with BP,” which is not ending its 15-year involvement in Russia, though it divested its 50 percent stake in TNK-BP. ExxonMobil’s most recent earnings indicate a daily output at 4.2 million, which is below the expanded Rosneft’s number projected at 4.6 million.