Verizon profit drops as consumers disconnect lines - BusinessWeek

Washington - Verizon Communications revenue rose 1.9 percent, but net income dipped 2.8 percent in the second quarter of 2009 compared to a year earlier, with the company's traditional wireline income taking a big dive.

Verizon on Monday reported revenue of US $26.9 billion in the second quarter, compared to $26.4 billion in the second quarter of 2008. Net income was down from $5.2 billion to $5 billion. Those numbers are adjusted to account for Verizon's acquisition of AllTel in January...