NEW YORK (

TheStreet

) --

AT&T

(T) - Get Report

expects to take a $4 billion pretax charge in the fourth quarter to reflect breakup fees related to its planned acquisition of

T-Mobile USA

.

The announcement Thursday

is an acknowledgment that the prospects look increasingly bleak that the $39 billion transaction passes regulatory muster.

T-Mobile is owned by

Deutsche Telekom

(DT) - Get Report

.

AT&T shares fell 0.6% to $27.39 in premarket trading Friday.

Facing challenges, retailers

such as

Wal-Mart

(WMT) - Get Report

,

J.C. Penney

(JCP) - Get Report

,

Sears

(SHLD)

and

Gap

(GPS) - Get Report

are relying on Black Friday madness to revive their business.

Diamond Foods

(DMND)

shares fell 21% on Wednesday as

questions about the death of a former director

stoked investor fears that a probe of the company's accounting could lead to the restatement of past financial results.

The stock closed Wednesday at $27.80.

J.P. Morgan Asset Management

, a unit of

JPMorgan Chase

(JPM) - Get Report

, received permission from the Beijing city government to create a $1 billion RMB fund,

The Wall Street Journal

reported, citing people familiar with the matter.

JPMorgan becomes the biggest foreign manager of a yuan-denominated fund to date, according to the

Journal

.

-- Written by Joseph Woelfel

>To contact the writer of this article, click here:

Joseph Woelfel

>To submit a news tip, send an email to:

tips@thestreet.com

.

Related links:

10 Dividend Stocks to Keep You Safe Into 2012

10 Bank Dividend Stocks to Be Thankful For