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Shares of Verizon Communications were down 2.1 percent in early trading on Monday, a day after nearly half of its wireline business employees went on strike.

U.S. stocks plummeted for the second straight session, driving the S&P 500 and the Nasdaq down 6 percent on Monday in the first session since Standard & Poor's cut the nation's perfect AAA credit rating.

Thousands of striking Verizon workers are joining picket lines and rallies at locations from New York to Massachusetts to Virginia.

About 45,000 employees of Verizon Communications went on strike after contract talks failed.

About 45,000 Verizon Communications workers went on a strike on Sunday, after the company?s negotiation over a new contract with the workers got muddled.

Unions representing 45,000 Verizon Communications (VZ.N) workers called for a strike as negotiations failed for a new labor contract that expired at midnight on Saturday.

The smartphone will run on Android 2.2 (Froyo) which can upgraded to Gingerbread.

Two Republican senators urged U.S. officials to consider the benefits of AT&T Inc's $39 billion bid to acquire Deutsche Telekom AG's T-Mobile USA.

AT&T announced on Friday that it will throttle heavy users on its unlimited data plan starting Oct. 1.

AT&T announced that it will reduce the data throughput speed of its biggest data users on the unlimited data plan. The company stated it's responding to the explosive growth in data usage and the network congestion that comes with it.

Verizon Wireless plans to pay a $10 billion dividend early next year to its parents, Vodafone Group Plc and Verizon Communications .

Investors punished Juniper Networks (JNPR.N) by selling its shares after the networking equipment maker joined Cisco Systems Inc (CSCO.O) in warning that this year's results will miss Wall Street projections.

Investors punished Juniper Networks by selling its shares after the networking equipment maker joined Cisco Systems Inc in warning that this year's results will miss Wall Street projections.

Senator Al Franken called on federal regulators on Tuesday to reject AT&T's proposed buy of rival T-Mobile, saying it would mean pricier wireless and could cost thousands of jobs.

The Dow fell on Friday after disappointing results from Caterpillar and Microsoft, reversing optimism after a strong week of earnings.

The companies whose shares are declining in pre-market trade on Friday are: CR Bard, Caterpillar, Cummins, Verizon Communications, FLIR Systems, Deere and Honeywell International.

The companies which are expected to see active trade on Friday are: Microsoft, Advanced Micro Devices, Caterpillar, General Electric, Schlumberger, Verizon Communications, McDonalds, Xerox, Dover, FLIR Systems, Honeywell International, Reynolds American and Rockwell Collins.

The next head of Verizon Communications expects U.S. regulators to approve rival AT&T Inc's proposed $39 billion purchase of T-Mobile USA due to the company's need for more wireless airwaves.

The U.S. market is still waiting for the arrival of Samsung Galaxy S2, which is gaining credibility and good reviews from other parts of the world. So Apple Inc.'s most-expected iPhone 5 will be facing the Samsung phone in smartphone battle.

Apple Inc. is gearing up its production of iPhone 5 for a possible September launch, but new rumors have surfaced expecting a mid-August launch.

Apart from Apple Inc.'s iPhone 5, the most expected Android smartphones are Samsung Galaxy S2, Motorola Droid Bionic and HTC Thunderbolt 4G. So which is the best Android smartphone that will emerge the winner in the United States?

The Samsung Galaxy S2 smartphone is expected to launch in the U.S. in mid-July, following the HTC Thunderbolt. But how do the two stack up?

Apple Inc. is expected to release its much-awaited iPhone 5 in September, after the latest member of Verizon’s Droid family, Motorola Droid 3, which is expected to begin in-store sales on July 14. The California-based Apple will still face the heat from Droid 3 among smartphones.

Verizon Wireless, the biggest U.S. mobile provider, will stop offering customers unlimited data services for a set fee on July 7, meaning higher prices for heavy users of services such as mobile Web surfing.

After a delay of more than two months, AT&T Inc has agreed to support BlackBerry maker Research In Motion Ltd's Bridge application, which lets BlackBerry users see email and other services on RIM's PlayBook tablet without incurring additional charges.

Vodafone , the world's largest mobile operator by revenue, could receive an annual dividend of $5.5 billion from its stake in Verizon Wireless, its finance officer said.

Is Cisco set to enter a tablet market dominated by Apple?

Verizon Wireless plans next month to move to usage-based wireless data pricing options instead of its flat-rate unlimited-use plans, increasing wireless bills for some customers.

Verizon is getting rid of unlimited data plans in favor of a usage based model.