Excluding the pension benefit, Verizon posted per-share earnings that slightly topped expectations, although revenue was a hair on the light side.
The telecommunications provider saw revenue rise nearly 6 percent on strong customer growth in the wireless business.
California State Teachers' Retirement System, the second-largest pension fund in the U.S., says the social network should add women to its board of directors.
The company blames noncash pension charges and added costs associated with the Apple iPhone for hurting its bottom line in the fourth quarter of 2011.
Carrier adds 717,000 new subscribers and activates 9.4 million smartphones, but pays the price with increased subsidies.
Fears over billions of dollars in pension liabilities cause Sanford C. Bernstein analyst Craig Moffett to downgrade AT&T's stock.
The company's results got a pick-me-up from an after-tax gain stemming from adjustments to its pension and benefit plans.
The New York City Pension Fund wants shareholders to force Google and Yahoo to refuse Internet censorship requests by governments.
The telecommunications company took it on the chin thanks to costs associated with its employee pension plan, the sale of an asset, and Superstorm Sandy.
Dozens of class-action lawsuits have been filed against the social network, and now a judge has named several state pension funds as head plaintiffs to lead the charge against the company.