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The Federal Communications Commission headed to Carnegie Mellon University Monday to take public and expert input on the future of Internet access.
In an uncommon public appearance together outside of Washington, D.C., the federal agency's five commissioners headed two panels at the university on issues related to digital media and broadband access. Participants […]
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Starbucks Corp.’s plan to close several hundred stores is a step in the right direction but analysts say it may not be enough to solve the problems facing the company.
Starbucks did not give details about which locations will be closed, but Stephen Kron of Goldman Sachs said he thinks the closings will be weighted […]
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Merrill Lynch & Co (MER.N: Quote, Profile, Research, Stock Buzz) will likely write down $5.4 billion of securities in the second quarter, mainly due to its exposure to bond insurers, an analyst at Lehman Brothers wrote on Friday.
The quarterly write-down estimate, one of the highest yet for Merrill Lynch, helped sink the company’s […]
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Australian business investment growth probably slowed in the first quarter, adding to signs the highest borrowing costs in 12 years are prompting companies to review spending plans.
Capital spending rose 3 percent in the three months through March from the fourth quarter, when it gained 5.1 percent, according to the median estimate of 23 […]
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Time Warner Inc. announced Wednesday it will spin off its Time Warner Cable Inc. division in a $9.25 billion deal.
New York-based Time Warner Cable (NYSE: TWC) is the only cable operator in Hawaii with about 400,000 subscribers statewide. It operates under the Oceanic Time Warner Cable name.
The companies' boards have approved […]
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Verizon Wireless announced Friday it has added a new cell site on Kauai to boost cellular phone coverage.
The new central Lihue site is located on Puhi Road.
Verizon said it invested $17 million in Hawaii last year.
Verizon Wireless is a joint venture of New York-based Verizon Communications (NYSE: VZ) […]
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Bank of America Corp. gave no assurances that it will assume part of the debt of Countrywide Financial Corp. once Bank of America takes over the troubled mortgage lender, according to a filing with the Securities and Exchange Commission,
The filing says Countrywide had $97.2 billion in debt as of Dec. 31. About $11.48 […]
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The value of Frontier Airlines stock fell by nearly 70 percent Friday with the news the Denver company had filed for Chapter 11 bankruptcy protection the day before.
Frontier (NASDAQ: FRNT), the second-larger airline serving Denver International Airport, filed for Chapter 11 bankruptcy late Thursday in federal bankruptcy court in New York City […]
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Northwest Airlines Corp. said Friday it would begin charging a $25 fee for customer's second checked bag.
Eagan, Minn.-based Northwest (NYSE: NWA) said the measure will affect coach class travel on or after May 5. The fee, which applies each way on round-trip flights, follows similar moves by other airlines including United and Delta […]
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GulfMark Offshore Inc. ended the year with record net income despite a charge that reduced fourth-quarter earnings by 61 percent.
The Houston marine transportation services company reported net income of $12.7 million, or 55 cents per share, on revenue of $91.5 million, for the three months ended Dec. 31, 2007. That compared with […]
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