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

|By:, SA News Editor

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.