Monday, July 27, 2009

2nd UPDATE: Verizon 2Q Net Down On Weak Business Spending (Nasdaq)

(Adds executive comments and background in the second and third paragraphs and updated stock price.) NEW YORK -(Dow Jones)- Verizon Communications Inc. (VZ) posted a 21% decline in its second-quarter net income on Monday as it suffered from a pullback in business spending.

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