2 posts and columns on copper

Big Red in the Red

in News on January 26, 2010 at 6:00 am PT

Reporting fourth-quarter earnings this morning, Verizon posted revenue that jumped 9.9 percent to $27.09 billion and said it added 2.2 million mobile subscribers. Yet the company reported a loss of $653 million, or 23 cents a share, for the quarter–mostly because of costs related to layoffs in the period.