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Verizon posts record 4Q loss on pension adjustment

January 22, 2013 • Business


FILE – In this Jan. 8, 2013, file photo, NFL football commissioner Roger Goodell, left, and Verizon CEO Lowell McAdam talk about Verizon mobile products that allow NFL fans to watch games and interact with each other at the Consumer Electronics Show, in Las Vegas. Verizon strengthened its position at the top of the U.S. wireless industry in its latest quarter by raking in new subscribers and selling tons of iPhones, but also posted a record loss. Verizon’s loss for the October to December period compared with a loss of $2.02 billion or 71 cents per share, a year ago. (AP Photo/Julie Jacobson)

NEW YORK (AP) — Verizon strengthened its position as the top dog of the wireless industry in its latest quarter by raking in new subscribers and selling millions of iPhones, but also posted a record loss.

The loss of $4.23 billion, or $1.48 per share, for the fourth quarter was mainly due to Login to read more

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