Verizon not pursuing AOL takeover - CEO

(Reuters) - Verizon Communications Inc Chief Executive Lowell McAdam said the company is not planning any major acquisitions, following a report that Verizon had approached AOL Inc for a potential deal. "I think AOL along with lots of other media companies are potential for us to do partnering, on a commercial basis or whatever," McAdam said at a conference on Tuesday. "But to say that we are having significant acquisition discussions is really not accurate," he added. ...