BUSINESS
03/28/2010 05:12 am ET Updated May 25, 2011

Verizon To Shed 10,000 Jobs On News Of Lower-Than-Expected 4Q Sales

Jan. 26 (Bloomberg) -- Verizon Communications Inc., the second-largest U.S. phone company, plans to cut more than 10,000 jobs at its fixed-line unit this year after posting fourth- quarter sales that missed analysts' estimates.

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