Verizon to Take $5.8B Impairment Charge in Q4

Verizon warned in an SEC filing Wednesday it will take a $5.8 billion impairment charge in Q4 reflecting "secular declines" in its Business Group. An “impairment test determined that the fair value of the Business reporting unit was less than its carrying value," Verizon said. The carrier is slated to release Q4 results Tuesday.