AT&T has announced that it will deliver its employees a financial bonus in response to a tax bill that passed in Congress on Wednesday, calling it a "monumental step" in driving economic growth. "That's because of what we did".
AT&T's $1 billion investment will go toward the company's fiber build in homes and businesses.
US President Donald Trump referred to AT&T's move in a speech celebrating the cuts, which were a key priority.
The Justice Department allegedly told AT&T it would have to sell off CNN's parent company as a condition for the merger, which AT&T balked at.
"Congress, working closely with the President, took a monumental step to bring taxes paid by US businesses in line with the rest of the industrialized world", CEO Randall Stephenson said in a statement.
"This is a capital-freeing event", AT&T Chief Executive Officer Randall Stephenson said of the tax bill at an Economic Club of NY luncheon on November 29.
Well, the corporate tax rate is being cut by 40 percent; that's the centerpiece of the new bill. Among the biggest beneficiaries of the legislation, analysts say, will be the telecom industry.
In touting the GOP tax overhaul, Trump has repeatedly emphasized the importance of creating jobs. However, FedEx said it only "may" boost spending if the plan gets enacted.
"By pushing employers for this raise, CWA proves that working people have power when we join together to negotiate for a fair return for the work we do", the union said in a statement.
"$100 million for corporate giving, with funds used to support demand for employee gift-match programs and for investments in Boeing's focus areas for charitable giving: in education, in our communities, and for veterans and military personnel". Fifth Third Bancorp also said it will pay a one-time bonus of $1,000 to more than 13,500 of its 18,000 employees.
An hour later, Fifth Third Bank announced that almost 3,000 workers will see their pay rise to $15 an hour. The decision was surprising because it's very rare for the government to challenge "vertical" mergers like this one, in which no direct competitor is removed from the market.
She tends to veer towards the sexy, with plunging necklines, sheer accents, and romantic, glittering embellishments. Here are three more things to know about the Israeli designer. "She's an incredible woman".
He later revealed that he was rushed to the hospital for "pretty severe surgery" and that he was going to take on chemotherapy. Ossé's " Combat Jack Show" podcast has been running for over seven years. "Internets, what's up? It's your man Combat Jack ".
Kaspersky Labs has filed a lawsuit against the U.S. government for banning use of thier software without due process. DHS officials said they anxious it could allow Russian intelligence to access sensitive information on computers.
Smiley is the latest prominent figure in the news media, politics and the entertainment industry to face misconduct allegations. They need to fix it. "I'm not an angry black man and this notion of a hostile environment just doesn't fit".
In other words, this investment team needs a legitimate billionaire to be involved before it can be taken seriously. In May, his estranged wife arranged for the Sterling Family Trust to sell the team for $2 billion .
He announced last month he would be released from his record $1.2 million contract to return to Parramatta for the 2018 season. The District Attorney's office reviewed the case and later rejected it based on insufficient evidence, the documents reveal.
Virgin didn't participate in this round, but Richard Branson was made the chairman of the board at the same time as the closing. The new speed was achieved using a new airlock which helps transition test pods between atmospheric and vacuum conditions.
Well, if you long for the days when that crew ran the fictional Scranton paper company Dunder Mifflin, you just might be in luck. It starred Carell, Rainn Wilson , John Krasinski , Jenna Fischer , Craig Robinson , Mindy Kaling , and B.J.
The accident took place when the train entered a curve as it travelled at 170kph, twice the permitted speed. At the time, analysts said positive train control technology could have prevented the accident.
Sterling hits two-week low as traders focus on Brexit talks
Brussels has signalled a detailed trade deal is likely to take much longer, and that Britain's transition period must end by 2020. But they are still unclear on what Britain wants from the future relationship, including the shape of any trade deal.
Boy, 5, Calls 911 On The Grinch
TyLon Pittman likes Christmas a lot, but the 5-year-old boy was scared there was a Grinch out there who truly did not. In another post, the boy shows the video evidence of the Grinch stealing the presents to the officer.