Profit down, Verizon to cut jobs
2nd-quarter earnings fell 21 percent; 8,000 to lose positions
Posted: July 28, 2009 at 6:44 a.m.
Verizon Communications Inc., which jointly owns the nation's largest wireless carrier, said Monday its second-quarter profit fell 21 percent as cost-cutting in its wireline business failed to keep pace with falling revenue.
This story is only available from the archives. Click here to contact the online desk.
Business, Pages 19, 24 on 07/28/2009
(Advertisement)
« Previous Story
Multi-shot stun gun a hit at show
Taser International unveiled its first new stun gun since 2003 on Monday, a device that can shock three people without being reloaded. Read »
Next Story »
MARKET REPORT: Dow declines, but Nasdaq up a ...
Stocks ended little changed Tuesday as a key barometer of consumer confidence and a handful of disappointing earnings reports were reminders that an economic recovery this ... Read »
Comments
To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Please read our comment policy.
Use the comment form below to begin a discussion about this content.
Registration is required to make comments. Click here to LOGIN.
You can register for FREE to post comments and receive alerts.