| From: Ms. Baby Boomer | 11/23/2018 11:02:58 AM | | | | | | 11/22/18 Verizon Communications Inc. (VZ) Sees Large Growth in Short Interest...
Verizon Communications Inc. (NYSE:VZ) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 38,458,626 shares, an increase of 15.8% from the September 28th total of 33,213,396 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily volume of 16,532,156 shares, the days-to-cover ratio is currently 2.3 days....
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| From: Ms. Baby Boomer | 12/11/2018 10:12:22 AM | | | | | | Verizon Sees Fourth-Quarter Severance
Charge $1.8 Billion to $2.1 Billion...
Verizon Communications Inc. expects fourth-quarter severance charges related to buyout program reported on Dec. 10 and other headcount reduction plans, the company disclosed in a regulatory filing.
Verizon also announced that its review of Oath segment resulted in unfavorable adjustments to the unit’s financial projections. The company sees a non-cash goodwill impairment charge of about $4.6 billion, or $4.5 billion after tax in the fourth quarter of 2018. Oath’s good will balance was about $4.8 billion before the impairment charge.
Verizon will complete an internal reorganization of legal entities this month related to its wireless business. The company expects to recognize a non-recurring deferred tax benefit of about $2.1 billion in the fourth quarter that will cut its deferred tax liability by the same amount....
bloomberg.com
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