AT&T Cuts Dorman's 2004 Bonus
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Telephone company AT&T Corp.  has cut the 2004 bonus of Chairman and Chief Executive Officer David Dorman by a quarter from a year ago to &#36;1.97 million, a regulatory filing showed.
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AT&amp;T Wireless has inched ever so closer to shedding its stake in Rogers Wireless. The carrier has reached a tentative agreement with partner Rogers Communications to sell its 34 percent stake.
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AT&T Corp. T.N, the No. 4 U.S.  telephone company, said on Thursday its fourth-quarter earnings  increased as it cut costs through slashing jobs and lower  equipment expenses.
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SBC Communications Inc. expects to eliminate about 13,000 jobs after its $16 billion acquisition of AT&amp;T Corp. closes, but the phone company said yesterday that many positions can be cut through attrition.
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AT&amp;T Corp., the largest US long-distance telephone company, will eliminate 20 percent of its work force this year and write down $11.
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AT&amp;T said yesterday it has agreed to a $100 million settlement of a shareholder lawsuit that accused the telecommunications giant and its former chairman, C. Michael Armstrong, of misleading
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AT&amp;T Corp. (TN: Quote, Profile, Research) will cut about 7,000 jobs and reduce the value of its assets by $11.4 billion due to its retreat from traditional consumer telephone services, the company said on Thursday.
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NEW YORK, Oct. 21 -- AT&T Corp. reported a third-quarter loss of $7.12 billion Thursday because of huge charges resulting from the company's retreat from traditional telephone services, which included at least 7,500 more job cuts and a write-down in the value of the company's long-distance network.
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Company cutting 375 jobs to eliminate redundancies in wake of ATI acquisition.
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AT&T Corp. on Thursday reported a net loss of $7.1 billion, or $8.95 per share, for the third quarter of 2004, but that loss included asset re-evaluation and other charges of $12.5 billion.
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AT&amp;T Corp., the No. 4 U.S. telephone company, said on Thursday its fourth-quarter earnings increased as it cut costs through slashing jobs and lower equipment expenses.
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New year, new target. AT&amp;T won't reach 18 million homes this year with its "Lightspeed" broadband network, after all. Instead, it will reach less than half the original target: 8 million.
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Salaries will drop by 32.5 percent and the carrier will save about $1-billion a year as a result of the agreement. By STEVE HUETTEL, Times Staff Writer.
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AT&amp;T Corp. said it will cut one-fifth of its work force this year -- or 7,400 more jobs -- and write down $11.4 billion of assets as the phone company retreats from the residential business it once dominated.
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AT&amp;T is slashing its payroll by an additional 7,400 jobs and cutting the book value of its assets by $11.4 billion as it seeks to cope with declining revenue from its consumer and business segments.
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AT&T Corp., the No. 4 U.S. telephone  company, said on Thursday its fourth-quarter earnings increased  due to cost-cutting through job cuts and a tax benefit from the  writedown of its assets.
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NEW YORK - AT&T Corp. is cutting 7,400 more jobs and slashing the book value of its assets by $11.4 billion, drastic moves prompted by the company's plan to retreat from the traditional consumer telephone business following a lost court battle...