ADVFN - Advanced Financial Network.
HOME» NYSE » A » T Stock Price » T Stock News

Att Share News

 At&t Stock Price
T Stock Price
 At&t Stock Chart
T Stock Chart
 At&t Stock News
T Stock News
 At&t Company Information
T Company Information
 At&t Stock Trades
T Stock Trades

Unions: Requesting Federal Mediation in Verizon Contract Talks

By Thomas Gryta Two labor unions representing about 45,000 workers from Verizon Communications Inc. (VZ) have requested federal mediation in their ongoing negotiations with the telecom company. The groups have been in negotiations for almost a year. The Communications Workers of America and the International Brotherhood of Electrical Workers represent workers in Verizon's wireline division from New England to Virginia. In a statement, the unions said "Verizon management continues to insist on drastic cuts in benefits and employment security." The unions said they filed their request with the Federal Mediation and Conciliation Service. A Verizon spokesman declined to comment on the request. Earlier Thursday, Verizon's Chief financial Officer Fran Shammo said on a conference call that the company is "standing strong on our position of cost restructuring in this business. The negotiations are continuing albeit slow, and the process will take as long as it takes for us." He stressed that the wireline business has had declining profitability and that Verizon knew it was facing "extremely difficult and very hard negotiations and it was going to be a long haul not a short haul." In general, the telecom carriers have seen their wireline businesses deteriorate as consumers depend more heavily on mobile devices and switch off their traditional land-based home phones. AT&T (T) is also in the midst of contract negotiations with more than 40,000 wireline workers. On Thursday, Verizon reported a 3.1% drop in wireline revenue for the second quarter. -Write to Thomas Gryta at thomas.gryta@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Att (T)
DateTimeHeadline
10/23/201419:33:14Will Free Data Become the Next Free Shipping?
10/23/201409:49:25U.S. Hot Stocks: Hot Stocks to Watch
10/21/201417:47:09Correction to AT&T Earnings Preview Story
10/21/201417:35:09AT&T Earnings Still Intertwined with iPhone -- Earnings Preview
10/19/201405:47:20MARKET SNAPSHOT: More Than 1/3 of Dow Stocks To Report This Week
10/17/201415:00:10New iPad Lets Users Swap Data Plans
10/14/201408:36:34Iliad Drops Plan to Acquire T-Mobile US -- 5th Update
10/13/201417:35:47Iliad Drops Plan to Acquire T-Mobile US -- 4th Update
10/09/201420:29:15Pay TV's New Worry: 'Shaving' the Cord
10/07/201404:12:35Spirent Shares Fall as Customer Merger Activity Hits Revenue
10/07/201402:00:11Australia's RBA Holds Rates Steady
09/30/201403:30:14Reserve Bank of India Holds Rate
09/24/201419:56:57BlackBerry Unveils Its Passport Smartphone
09/22/201421:30:21RadioShack Supplier Declined to Help Rescue Effort
09/22/201414:09:34AT&T-Chernin Venture to Buy Fullscreen Stake -- Update
09/22/201411:40:04AT&T Venture Agrees to Buy Majority Stake in Fullscreen
09/22/201411:28:51AT&T-Chernin Joint Venture Agrees to Buy Majority Stake in Fullscreen
09/16/201418:21:44ADR Shares End Higher; Petrobras Shares Trade Actively
09/16/201400:40:05Apple Reports Record Preorders for New iPhone
09/11/201422:20:29Asian Shares Rise as Nikkei Pushes Higher

Att and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad