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News Breaks
January 23, 2014
06:28 EDTTAT&T expects Q4 gain of $7.6B for pension, benefit plans
AT&T disclosed last night that for the quarter ended December 31, 2013, it expects to record a noncash, pre-tax gain of approximately $7.6B related to actuarial gains and losses on pension and postemployment benefit plans. At December 31, the company increased its assumed discount rate to 5.0%, resulting in an actuarial gain of approximately $7.9B. Also contributing to the amount were asset gains, which were approximately $3.2B in excess of the assumed rate of return of 7.75%. Partially offsetting these gains were losses due to updated mortality and other assumptions as well as demographic changes. During the fourth quarter, AT&T said it recorded special termination and other employee-related charges of approximately $500M in its Other segment operating results. The special termination charges relate to a previously announced one-time voluntary retirement opportunity for certain management retirement-eligible employees to elect a full lump sum payment of their accrued pension if they retired as of December 30, 2013.
News For T From The Last 14 Days
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October 20, 2014
07:15 EDTTAT&T weekly volatility elevated into Q3 and outlook
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October 16, 2014
08:29 EDTTAT&T sees 359K customers seek refunds for 'cramming' charges, Time reports
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October 15, 2014
10:11 EDTTFrontier granted PURA approval for AT&T wireless ops. in Connecticut
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October 9, 2014
12:01 EDTTAT&T announces agreement with Accuris, BSG
AT&T, Accuris Networks and BSG Wireless announced an agreement to bring to market the new AT&T Wi-Fi Hub. This hub will make it possible for wireless operators to deliver turnkey Wi-Fi roaming services to their customers.
October 8, 2014
12:03 EDTTAT&T Mobility pays $80M to FTC over mobile cramming charges
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October 7, 2014
06:04 EDTTAT&T issues apology after customer info improperly accessed, Re/code reports
AT&T has issued an apology after an incident in which customer account information was improperly accessed by a worker, Re/code reports. A company spokesman says AT&T is contacting the limited number of affected customers and is also in contact with law enforcement regarding the issue. Reference Link

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