Pfizer Inc. (NYSE:PFE) will supply details of a proposed a potential initial public offering of a minority ownership stake in Animal Health, in its second quarter 2012 earnings report. Efforts to file a registration statement in the United States for the IPO are ongoing; the current AH unit will remain being counted as a continuing operation for Pfizer’s financial reporting purposes, and the name for the new company will be Zoetis.
Verizon Communications Inc. (NYSE:VZ) Chief Marketing Officer Mike Ritter confirms the looming price rise for the new tiers of FiOS broadband services, but says that additional flexibility might result in some customers paying lower monthly charges, according to a CNet report. The new prices concerning the tiers of service will be announced later in June.
Wal-Mart Stores Inc. (NYSE:WMT) CEO Joel Anderson says that overall sales are receiving a lift from its Pay with Cash, which was introduced in late April. The system enables shoppers to order on the company’s Web site and then pay in a store within 48 hours, according to Reuters. Anderson’s comments were made at the Internet Retailer Conference & Exhibition, where he added that Pay with Cash now accounts for almost 2 percent of all online orders, and that the magnitude of the Pay with Cash orders is 50 percent larger than the average online order. In addition, the CEO remarked that Wal-Mart has seen a “double digit” rise in conversion from its new search engine on its Web site.
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