Verizon (NYSE: VZ) Shares Trading 2.9% Higher On News Of Potential iPhone Availability

Verizon (NYSE:VZ) shares are trading 2.9% higher at $31.33 after a report that Apple (NASDAQ:AAPL) is planning an iPhone that will work with its network, according to a Bloomberg report.

Factories may begin producing the new iPhones, which would work on the CDMA network used by Verizon, in September, according to a Wall Street Journal report.