Verizon unions threaten walkout

Unions representing Verizon (NYSE: VZ) technicians say they may stage a walkout as soon as Aug. 10, unless they make more progress on contract negotiations with the company. "For the past ten days, the parties have been engaged in continuous negotiations under the auspices of myself and Director of Mediation Services John Pinto. The negotiations have been constructive and progress has been made, but significant key issues remain to be resolved," said Federal Mediation and Conciliation Service Director George Cohen in a statement released Friday. FierceTelecom takes a closer look at the negotiations. Read more