AT&T faces $10 billion pension charge, other costs
NEW YORK (Reuters) – AT&T Inc warned on Thursday that it will take a fourth quarter charge of about $10 billion due to bigger than expected pension obligations, sending its shares down 1. 3 percent. The telephone company also said that results would be hurt by higher than expected smartphone costs and damage due to Superstorm Sandy. AT&T 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. . . .
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