je.st
news
Tag: takes
AT&T takes $10 billion pension charge
2013-01-18 16:17:01| Telecom - Topix.net
AT&T Inc. reported in a regulatory filing that it took a $10 billion charge in the fourth quarter for its pension plan, and that subsidies it paid on smartphones squeezed profit in the period.
Tags: takes
charge
att
billion
AT&T takes USD 10 bln pensions charge, sees margin pressure
2013-01-18 09:01:00| Telecompaper Headlines
(Telecompaper) AT&T announced that it will take a USD 10 billion charge in the fourth quarter 2012 for its pensions obligations. The non-cash, pre-tax charge results from a reduction in the assumed discount rate to 4.3 percent, resulting in an actuarial loss of approximately USD 12.0 billion. This was partially offset by an asset gain of USD 1.9 billion. Due to the continued uncertainty in the securities markets and US economy, the operator lowered its expected long-term rate of return on asset assumption to 7.75 percent. In a SEC filing, the US operator also reported fourth-quarter smartphone sales of approximately 10.2 million devices. Due to the high subsidies on these devices, AT&T said it expects pressure on operating income, margins, and earnings per share in the fourth quarter of 2012. In addition, storms, including Superstorm Sandy, are expected to reduce Q4 operating profit by around USD 175 million, impacting especially the Wireless division. AT&T will report full quarterly results on 24 January.
Tags: takes
charge
pressure
usd
Tate & Lyle Sugars takes battle against EU to court
2013-01-18 03:53:44| Food - Topix.net
Sugar refiner Tate & Lyle Sugars will take its fight against the European Commission for alleged mismanagement of the European sugar market to court today.
AT&T takes $10bn pensions charge
2013-01-18 01:23:46| BBC News | Business | UK Edition
US telecoms giant AT&T will put aside $10bn (6.25bn) in the fourth quarter to cover pension fund losses due to lower-than-expected interest rates.
Tags: takes
charge
att
pensions
African coffee champion takes on Uganda challenge
2013-01-17 14:52:40| BBC News | Business | UK Edition
The Ugandan champion barista taking coffee back to its roots
Tags: takes
challenge
coffee
african
Sites : [656] [657] [658] [659] [660] [661] [662] [663] [664] [665] [666] [667] [668] [669] [670] [671] [672] [673] [674] [675] next »