Efforts to streamline wireline costs and layoff-associated expenses drive Verizon Verizon into a fourth-quarter loss, but wireless and broadband growth remains strong.
– Wireless and broadband growth remained strong for Verizon in the fourth
quarter, but the telecom giant still managed to post a net loss of $653
million. For the quarter, Verizon said it earned $27.1 billion in revenues, an
almost 10 percent jump from the fourth quarter of 2008.

Verizon blamed …