Verizon reports a loss of $1 billion for quarter

Article Abstract:

Verizon Communications Inc. posted a $1 billion (1.14 billion euros) loss for the 2001 second-quarter. The company posted $4.9 million in net income for the same 2000 period.

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Cable & Wireless plans job cuts, exit from U.S. as loss widens

Article Abstract:

Cable and Wireless PLC said that it would lay off 1,500 employees in its business in the United Kingdom. The company, which also said it was leaving the US market, posted a larger loss of 6.21 billion pounds for the year ending March 31, 2003. Cable and Wireless posted a 5.37 billion pounds loss in the previous year.

United Kingdom, Personnel administration, Human resource management, Company sales and earnings, Company earnings/profit, Company personnel management, Layoffs, Layoff, Cable & Wireless PLC

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Bringing fiber home

Article Abstract:

Verizon Communications Inc. is laying fiber-optic cable directly to individual houses. Currently, individual houses rely on slow-speed copper lines to access the high speed cable connections provided by fiver-optic links gathered in local nodes. Verizon's new network of cable connections will allow it to provide faster Internet service. Though a costly investment in the present, the company is hoping that its new infrastructure will better position it to adapt to new cable technologies in the future.

Financial management, Facilities & equipment, Telephone Communication, Services development, Nonferrous wiredrawing & insulating, Fiber Optics Cable, Fiber Optic Cable Manufacturing, Equipment and supplies, AT&T Inc., BellSouth Corp., BLS, Qwest Communications International Inc., Company financing, VZ, Fiber optic cables, Company service development, Service development, Fibre optic cables

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