Verizon 4Q Revenue Rises 3.2%

Verizon Communications, the No. 1 U.S. wireless carrier by subscribers, reported a 3.2 percent increase in quarterly revenue as heavy promotions helped it to check customer defections.

Corporate Job Cuts Keep on Coming

Over the last few weeks, announced layoffs at large U.S. companies have become commonplace. Hewlett-Packard was the first to report its employee reduction at the end of August, estimating cuts of 25,000 to 30,000 jobs as part of its restructuring. takes a look at some of the major players who are putting jobs on the chopping block.