Verizon Communications Reaches Tentative Contract Agreement With Unions

Verizon To Present At The J.P. Morgan Conference ; Webcast At 11:20 AM ET

Verizon To Present At Present At The J.P. Morgan Conference;Webcast At 11:20 AM

Verizon Wireless To Distribute Dividend Of $7 Billion To Owners

Verizon Communications To Present At Jefferies Conference; Webcast At 8:00 AM

Trade VZ now with

9/19/2012 5:01 PM ET

Verizon Communications Inc. (VZ: Quote) said Monday that it has reached a tentative agreement with the Communications Workers of America and the International Brotherhood of Electrical Workers on new, three-year contracts for about 43,000 East wireline associates. The agreement is in the process of being signed.

The agreement was achieved through lengthy negotiations and mediation conducted under the auspices of the Federal Mediation and Conciliation Service, or FMCS.

The unions will submit the agreement to their members for a ratification vote. If approved, the agreement will run through August 1, 2015.

Click here to receive FREE breaking news email alerts for Verizon Communications and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 94 Articles

Editors Pick

Fed Concerns Contribute To Lackluster Session On Wall Street - U.S. Commentary

There was a mixed performance on Wall Street on Friday. Shares suffered an early decline, as investors continued to express worries about the Federal Reserve. A recovery through the rest of the day allowed the Dow to edge into positive territory by the close. The Nasdaq and S&P 500 posted fractional losses.

Stocks Come Under Pressure Amid Worries About The Fed - U.S. Commentary

Stocks have shown a notable move to the downside in early trading on Friday amid lingering concerns about the outlook for the Federal Reserve's asset purchase program. The major averages have slid firmly into negative territory, adding to the modest losses posted in the previous session. The major averages are currently posting notable losses, near their lows for the young session.

U.S. Durable Goods Orders Rise 3.3% In April, More Than Expected

After reporting a sharp drop in new orders for manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than anticipated in the month of April. The report said durable goods orders surged up by 3.3 percent in April after tumbling by a revised 5.9 percent in March.