AT&T Inc.s stock slipped 4.5% yesterday after the phone companys chief
executive blamed the weak economy for a rash of landline and highspeed Internet
customers not paying their bills.
The news sent jitters through an already edgy marketplace. AT&T shares fell
$1.87 to $39.16 in 4 p.m. New York Stock Exchange composite trading.
Speaking at a Citigroup Inc. investor conference, AT&T chief Randall Stephenson
said the company cut off service to subscribers of some of its consumer
businesses in the fourth quarter of last year. He was responding to a question
from an analyst about where AT&T was
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