Verizon posts 2Q loss on costs of employee buyout (AP)

In this July 21, 2010 photo, a Best Buy customer looks at a Motorola Droid phone by Verizon in Mountain View, Calif. Verizon posts a loss for the second quarter Friday, July 23, 2010, due to a buyout for 11,000 workers, and its revenue comes in below Wall Street expectations.(AP Photo/Paul Sakuma)AP – Verizon Communications Inc. on Friday said it lost $198 million in the second quarter due to a buyout for 11,000 workers.

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