via Business Insider
The running joke in news is that companies dump news when people aren’t looking, like before holidays or on Friday nights before long weekends.
AT&T met the latter criteria this week.
On Friday night, AT&T disclosed that in the fourth quarter, it will take a $7.9 billion noncash, pretax loss related to an adjustment in assumptions made for its pension plan.
The company announced that on Dec. 31, it adjusted its assumed discount rate for its pension obligation to 4.3%. Previously, the company had used a 5% discount rate, according to its most recent 10-K filed with the SEC…
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