Verizon will have a new CEO for its 5G future

Verizon has announced that Hans Vestberg, currently the company’s chief technology officer and VP of global networks, will become its next CEO and succeed current chief executive Lowell McAdam on August 1st. McAdam has led Verizon Communications — the parent company of Verizon Wireless, Verizon Fios, and other telecommunications subsidiaries — since 2011. He began […]

GE wants to be a traffic cop for drones

General Electric, the company that brought you the light bulb and the toaster oven, wants to be a traffic cop for drones. GE (GE) formally launched a company on Thursday that plans to reinvent traffic management for unmanned aircraft. The venture, called AiRXOS, was created by GE about a year and a half ago and […]

Plane tickets are about to get more expensive

Flying to the beach may be more expensive this summer. Rising fuel prices are pressuring airline profits. That means airlines will charge higher airfare. It’s difficult to predict how much more expensive seats will become or the timing of fare increases, but the message is the unanimous from the major carriers. “Consumers will pay more […]