Verizon (NYSE: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.
Shares are higher by about nine tenths of a percent.
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