Market Currents

AT&T (T) -1.4% AH after disclosing its expects to record a $10B non-cash charge for Q4...

Thursday, January 17, 5:58 PM ET
AT&T (T) -1.4% AH after disclosing its expects to record a $10B non-cash charge for Q4 related to pension/benefit plan losses. A $12B actuarial loss produced by a lower assumed discount rate is partly offset by a $1.9B asset gain. In October, the telco asked the Department of Labor to let it use $9.5B in preferred equity interest to help cover a pension shortfall that had reached $10.2B at the end of 2011.

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This news story has 5 comments:

Clayton Rulli Comments (1485)

ATT having trouble with Pensions? NO WONDER the government is broke

17 Jan, 08:33 PM Reply Like

Kyle Spencer Comments (748)

Still waiting on the bond vigilantes to show up.

17 Jan, 10:37 PM Reply Like

tradewin Comments (484)

Dept. of Labor has yet to approve this non-cash charge to re fund the pension plan. A substantial equity interest in their Mobility business unit is slated to be moved to the AT&T Pension Trust, tax deductible, not affecting cash-flow and after this was announced back in Nov. they actually increased their dividend. It was a smart move.

18 Jan, 12:02 AM Reply Like