Reuters: Technology News: AT&T warns of massive fourth-quarter charges

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

AT&T warns of massive fourth-quarter charges Jan 17th 2013, 22:52 Tweet Share this Email Print Analysis & Opinion American cities are bloated with unfunded pension liabilities An insulated boardroom is an ineffective boardroom Related Topics Tech » Hot Stocks » Asian Markets » A view shows the AT&T store sign in Broomfield, Colorado April 20, 2011. Credit: Reuters/Rick Wilking NEW YORK | Thu Jan 17, 2013 5:52pm EST NEW YORK (Reuters) - AT&T Inc warned on Thursday that it will take a fourth quarter charge of about $10 billion related to its pension plan and also said results would be hurt by higher than expected smartphone costs and damage due to Superstorm Sandy. The telephone company said the pension charge related to an actuarial loss of about $12 billion, which was partially offset by an asset gain of about $1.9 billion. But despite the gain, it said it lowered its expected long-term rate of return due to the continued uncertainty in the securities markets and the U.S. economy in 2013. It said the pension loss will not affect its operating results or margins. (Reporting By Sinead Carew; Editing by Bernard Orr) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions