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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

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Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers

1

He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

2

Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

3

Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers
Tech

Verizon has technology ten times faster than Google Fiber

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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August 12, 2015, 2:27 PM ET
2012 International Consumer Electronics Show
The Verizon Communications Inc. logo is seen at the International Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Thursday, Jan. 12, 2012. Photograph by Bloomberg via Getty Images
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The Verizon FiOS network currently reaches 500 megabits per second, but it’s going to become faster in the years to come.

In fact, an experimental version is apparently transferring data at 10 gigabits per second, which is 10 times faster than Google Fiber, according to The Washington Post.

The developmental technology, called NG-PON2, stands for “next-generation passive optical network,” according to the publication. And it’s likely to grow even faster in the future.

 

The competition to boost Internet speeds is fierce, too. The newspaper notes that Comcast has a 2 Gbps service in the works, too.

The news from Verizon comes as the company recently changed its pricing plans to get rid of contracts for wireless service.

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About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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