VERIZON EARNINGS DOWN 21%

WALL STREET JOURNAL: Verizon Communications posted a 21% decline in its second-quarter net income on Monday as it suffered from a pullback in business spending. . . . Overall, Verizon reported net of $1.48 billion, or 52 cents a share, down from $1.88 billion, or 66 cents, a year earlier. Adjusted earnings . . . were 63 cents a share. . . READ MORE