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?Health care costs continue to rise,? the company stated.

Google Inc. (NASDAQ: GOOG) surprised the technology world with its $12.5 billion all-cash deal to buy Motorola Mobility Holdings Inc. (NYSE:MMI) to defend its Android ecosystem.

The top after-market NYSE gainers on Wednesday are: Qihoo 360 Technology, CONSOL Energy, Eastman Kodak, CACI International and Brookdale Senior Living. The top after-market NYSE losers are: International Rectifier, MGM Resorts International, Invesco Mortgage Capital, EMC Corp and Guess?, Inc.

The company has laid out its reasons for asking concessions from its aggrieved workforce.

Verizon said it is sending out letters to 45,000 striking employers that if they don?t return to work by then, their health care benefits will expire on August 31.

Warren Buffett and Howard Schultz want to change the conversation about how to fix the United States' economic woes. But their solutions - more taxes on the rich and a boycott on political donations - risk falling on deaf ears among fellow business leaders.

S&P also reduced Google?s 12-month price target to $500 from $700.

Google Inc. has agreed to buy Motorola Mobility Holdings Inc. for $12.5 billion or $40 a share in cash to defend its Android ecosystem. Rising IP threats to Android from Microsoft Corp. and Apple Inc. were the primary driver of the acquisition, RBC Capital Markets said.

Strikers will also lose pension benefits, life insurance and other benefits.

According to Verizon spokesman Lee Gierczynski, the company?s base of landline telephone customers declined from 45 million to about 25 million in just the past five years.

Stock futures pointed to a lower open for Wall Street Wednesday, with investors believing that Tuesday's meeting between French and German leaders failed to make significant progress on the euro zone sovereign debt crisis.

Google Inc. (NASDAQ:GOOG) has agreed to buy Motorola Mobility Holdings Inc. (NYSE:MMI) for $12.5 billion or $40 a share in cash, valuing each essential at about $20 million, to defend its Android ecosystem. The acquisition may also benefit Google TV, Jefferies said in a note.

The top after-market NYSE gainers on Tuesday are: Sunrise Senior Living, DSW, Celanese, Huntsman and Calpine Corp. The top after-market NYSE losers are: Brookdale Senior Living, Vanceinfo Technologies, Analog Devices, Teekay Corp and Alcatel Lucent.

Virtually all of the 45,000 employees on strike work for this struggling landline segment, prompting company officials to re-evaluate its cost structure,

U.S. stocks fell on Tuesday after three days of gains when a meeting between the heads of France and Germany failed to quell fears about euro zone leaders' ability to contain the region's sovereign debt woes.

Some congressmen from Massachusetts recently joined the picket line

The company said the replacements are handling customer service and network operational duties.

Currently, investors are speculating that the Google-Motorola deal will spur other handset deals and Nokia and RIM could be potential acquisition targets.

Google Inc. (NASDAQ: GOOG) agreed to buy Motorola Mobility Holdings, Inc. (NYSE: MMI) for $40 per share in cash or about $12.5 billion. Jefferies believes Apple Inc. (NASDAQ: AAPL) is likely to strike back in patent war.

Market analysts are speculating that Nvidia could be a big beneficiary of the Google-Motorola deal

A Wall Street analyst has predicted that Intel (NASDAQ:INTC) may acquire Micron Technology as the move would diversify its product offerings.