NEW YORK -- Verizon Communications hired advisers to prepare a possible cash and stock bid of $100 billion to take full control of Verizon Wireless from joint venture partner Vodafone , two people familiar with the matter told Reuters.
Verizon owns 55% of Verizon Wireless. It has yet to put forward a proposal to Vodafone but it has hired both banking and legal advisers for a possible bid, the sources said.
Verizon hopes to start discussions with Vodafone soon for a friendly deal but could take a bid public if Vodafone doesn't engage in talks, one of the sources told Reuters.
Amazon.com , the online retailer, is expected by Wall Street on Thursday to post first-quarter earnings of 8 cents a share on revenue of $16.14 billion.
For the same quarter last year, the company earned 28 cents a share on revenue of $13.2 billion.
Analysts expect oil giant Exxon Mobil on Thursday to post first-quarter profit of $2.05 a share on revenue of $119.83 billion.
In last year's first quarter, Exxon, the world's most valuable company, earned $9.45 billion, or $2 a share, on revenue of $124 billion.
Starbucks is forecast to report fiscal second-quarter earnings of 48 cents a share on sales of $3.59 billion.
United Parcel Service is seen by Wall Street posting profit of $1.01 a share in the first quarter on revenue of $13.46 billion.
Zynga predicted losses per share in the second quarter on Wednesday as the online social games maker struggles to adapt to consumers' growing taste for mobile-based games.
Qualcomm , the mobile chip giant, beat Wall Street's earnings expectations but gave a weak earnings forecast.
For the third quarter, Qualcomm said it expects non-GAAP earnings to be between 97 cents and $1.05 a share, on sales between $5.8 billion and $6.3 billion. Analysts are looking for $1.04 a share in earnings on $5.89 billion in sales.
-- Written by Joseph Woelfel
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