[Reuters] AT&T warns of massive fourth-quarter charges

Posted by: UGN Security

[Reuters] AT&T warns of massive fourth-quarter charges - 01/17/13 02:52 PM

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.