AT&T has altered its assumptions on interest rates and is enjoying a better-than-expected return on assets,
However, the carrier is also taking a $500M charge for a voluntary retirement package that 4,200 workers accepted. (8-K)
Meanwhile, AT&T has sold an office complex east of San Francisco to MetLife (MET) and Sunset Development for over $250M. AT&T will lease back half of the 1.8M square foot property. MetLife will own 49% of the asset.