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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

 

Hydraulic Institute Publishes ANSI/HI 9.6.1-2012 Rotodynamic Pumps Guideline for NPSH Margin

2013-01-18 06:00:00| Industrial Newsroom - All News for Today

Hydraulic Institute (HI) has published ANSI/HI 9.6.1–2012 Rotodynamic Pumps Guideline for NPSH Margin, which serves as replacement for 1998 edition. Covering rotodynamic, general-purpose pumps with power levels as high as 5,300 hp and impeller tip speeds less than 130 fps, guideline describes benefits to pump longevity of maintaining suitable NPSH Margin. Document serves as tutorial on NPSH while also providing guidance for determining NPSH Margin. This story is related to the following:Trade Associations

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Embraer's Delta Order Seen Signaling New Margin Pressure

2013-01-03 08:25:39| Airlines - Topix.net

Embraer SA 's surprise loss of a $1.85 billion regional-jet order from Delta Air Lines Inc.

Tags: order pressure delta margin

 

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