Verizon 4Q loss widens
NEW YORK – Verizon Communications' fourth-quarter loss widened, dragged down by restructuring, pension and Superstorm Sandy costs. The company activated a record number of new devices on its contract-based plans during the period.
The parent of the country's biggest wireless carrier lost $4.23 billion, or $1.48 per share, for the period ended Dec. 31.
That compares with a loss of $2.02 billion or 71 cents per share, a year ago.
US home sales dip; ’12 best in 5 years
WASHINGTON – U.S. sales of previously occupied homes dipped in December from November, in part because of a limited supply of available homes. But for all of 2012, sales rose to their highest level in five years.
The National Association of Realtors said Tuesday that sales dipped in December to an annual rate of 4.94 million. That's down from a rate of 4.99 million in November, which was revised lower but was still the highest in three years.
Even with the decline, last year ended as the best for home sales since 2007. Total sales reached 4.65 million, up 9.2 percent from 2011. Sales are still below the roughly 5.5 million that are consistent with a healthy market.