Verizon books $5.8 billion charge amid review of challenged segment

Verizon Communications Inc. has continued to face pressures in its business wireline operations, and it said Wednesday that it will be taking a roughly $5.8 billion impairment charge related to this part of the business. The noncash goodwill impairment charge for the fourth quarter comes after Verizon VZ, -0.04% finished a five-year planning review of its business reporting segment, which yielded lower financial projections than the prior five-year review did. Verizon pointed out in a Wednesday filing that ...