AT&T will take $1B non-cash charge for health care
NEW YORK (By BARBARA ORTUTAY, AP Technology Writer) – AT&T Inc. will take a $1 billion non-cash charge in the first quarter because of the health care overhaul and may cut benefits it offers to current and retired workers.
The charge is the largest disclosed so far. Earlier this week, AK Steel Corp., Caterpillar Inc., Deere & Co. and Valero Energy announced similar accounting charges, saying the health care law that President Barack Obama signed Tuesday will raise their expenses.
The charge is the largest disclosed so far. Earlier this week, AK Steel Corp., Caterpillar Inc., Deere & Co. and Valero Energy announced similar accounting charges, saying the health care law that President Barack Obama signed Tuesday will raise their expenses.
posted by BP News Bureau | 3:15 PM
1 Comments:
(Campaign Spot) - There's One Billion That Won't Be Spent on Any New Employees.
Boy, this health care bill just gets better and better...
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