AT&T Stock Rallies On $5.5 Billion Bank Loan Amid Hefty Dividend Pay-Out

AT&T Stock Rallies On $5.5 Billion Bank Loan Amid Hefty Dividend Pay-Out

AT&T; stock gained as the telecom and media conglomerate said it has obtained a $5.5 billion loan from 12 banks to provide "financial flexibility" as the U.S. economy heads into a recession.