AOL.com Video - Verizon Expects $9-$10 Billion in Charges For Q4

VIDEO:News

Verizon Expects $9-$10 Billion in Charges For Q4

Description:Verizon (VZ) announced on Monday at an investor conference that the company expects to take about $9 billion to $10 billion in one time charges during its fiscal fourth quarter. Of that amount, about $1 billion was due to Hurricane Sandy, of which about a third will be covered by insurance, while about $1.5 billion in charges was related to debt refinance, and the remaining $7 billion related to pension liabilities. (0:39)

Source: Market News Video

Tags: market news video , share price , stock analysis , Stock Market news