Apple Readies Verizon iPhone (article from Wall Street Journal)
"Verizon, in those earlier discussions, balked at Apple's requirement that Verizon not allow its retail partners to sell the phone, people familiar with the discussion said at the time."
to stop, as at an obstacle, and refuse to proceed or to do something specified; verb
Johnny balked at the service's monthly fee after learning it will be raised by 50% at the end of the year.
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