US newspaper round-up: Verizon, Unemployment, JPMorgan...

Date: Friday 01 Jun 2012

“Verizon Communications said on Friday that it had agreed to buy Hughes Telematics, a maker of wireless systems for vehicles, for $612m in cash. Under the terms of the deal, Verizon will pay $12 a share, an exorbitant premium to Hughes’ Thursday closing price of $4.35. The deal is aimed at...

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