Matt Egan

Latest from Matt Egan

Verizon Sees Up to $10 Billion of 4Q Charges

Verizon Communications plans to take up to $10 billion worth of charges in the fourth quarter tied to pension liabilities as well as about $1 billion of Hurricane Sandy-related costs.

J.C. Penney Reveals 28% Tumble in 4Q Sales

Slammed by a 28% dive in sales and shrinking margins, struggling department store J.C. Penney disclosed a weaker-than-expected fourth-quarter loss of more than $500 million.

Coach Plunges 16% on 4Q Miss, Trouble in North America

Wall Street slammed Coach on Wednesday, sending the handbag maker’s stock plunging 16% after it disclosed a weaker-than-expected 1.5% rise in fourth-quarter profits amid slowing North American sales.