CORRECTED-BRIEF-American Savings Bank reports Q1 net income of $15.8 mln
* American Savings Bank net income of $15.8 million for Q1 of 2017 compared to $12.7 million in Q1 of 2016
(Corrects name to Verizon Communications Inc)
WASHINGTON Oct 13 Verizon Communications Inc general counsel, Craig Silliman, said on Thursday the company has a "reasonable basis" to believe that Yahoo Inc's massive data breach of at least 500 million email accounts represents a material impact that could allow Verizon to withdraw from its $4.83 billion deal to buy Yahoo.
Silliman told reporters that the data breach could trigger a clause that could allow Verizon to withdraw from the deal. "I think we have a reasonable basis to believe right now that the impact is material and we're looking to Yahoo to demonstrate to us the full impact. If they believe that it's not then they'll need to show us that," he said, declining to comment on whether talks are under way to renegotiate the purchase price. (Reporting by David Shepardson; Editing by Leslie Adler)
* MX Gold Corp. Continues to earn interest in durango smelter project in Mexico
* Hometown bankshares corporation reports continued, strong market share growth for first quarter