, the second-largest U.S. phone company, fell as the surge in demand for high-speed wireless Internet cut into profit margins and boosted the need for network investments. Verizon dropped 1.7 percent to $49.90 at 11:41 a.m. in New York. The company increased its forecast for capital spending today to as much as $16.
Posted: 2013-07-18 18:27:00
