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By BLOOMBERG NEWS | January 7, 2005
NEW YORK - Alltel Corp., the sixth-largest U.S. wireless company, may pay $4 billion for Western Wireless Corp., which sells mobile calling in 19 Western states, people familiar with the matter said yesterday. The combined company would have revenue of about $10 billion and 9.8 million U.S. subscribers, or almost 6 percent of the national market. Western Wireless, which hasn't had an annual profit since 2000, sells service under the Cellular One brand. A transaction would let Alltel sell service in states such as California and Minnesota, where it doesn't operate now, and bolster subscriber rolls in Texas and other areas.
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BUSINESS
January 10, 2009
Health coverage is said to eat up jobless aid A report issued yesterday by the consumer health group Families USA finds that the average cost for family health insurance coverage eats up almost 84 percent of monthly unemployment benefits. The study looked at Consolidated Omnibus Budget Reconciliation Act (COBRA) coverage, which allows a laid-off worker to retain employer-sponsored insurance but without the business contributions. That makes coverage much more expensive for individuals.
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BUSINESS
By BLOOMBERG NEWS | March 17, 1998
LITTLE ROCK, Ark. -- Alltel Corp. agreed yesterday to buy 360 Communications Co. for $5.89 billion in stock and assumed debt to expand its wireless phone business in the Southeastern United States.Alltel will swap 0.74 share for each share of Chicago-based 360 Communications, the wireless company spun off from Sprint Corp. two years ago. Holders of 360 will get $33.21 a share based on Friday's closing price.Companies in the $200 billion-a-year U.S. phone industry are teaming up to lure customers with a range of products.
BUSINESS
By JAY HANCOCK | June 13, 2008
It's easy to understand why Alltel Wireless' private equity owners want to flip the company to Verizon Wireless for no profit less than a year after they bought it. Thanks to the credit boom's collapse, they'd have to search long and hard for any other buyer at any price. But there's another reason for them to speed-dial this deal. The next administration is likely to oppose such an anti-consumer combo no matter who is in the White House. Even at the merger-happy Bush administration, an Alltel-Verizon marriage faces "head winds" and is "vulnerable to challenge," Stifel Nicolaus analysts wrote to clients last week.
BUSINESS
By Jim Puzzanghera and Jim Puzzanghera,LOS ANGELES TIMES | June 6, 2008
WASHINGTON - Even more people will be able to hear Verizon Wireless after the company announced yesterday that it had agreed to buy Alltel Corp. for $5.9 billion plus a mound of debt. By acquiring Alltel, Verizon Wireless would leapfrog AT&T Inc. to become the nation's largest cellular carrier. But consumers might not like the sound of another wireless provider biting the dust. "There's not enough aggressive competition in the wireless industry as it is, and this would take out one of the better players," said Bob Williams, a telecommunications expert at Consumers Union, the nonprofit publisher of Consumer Reports.
BUSINESS
By Mark Ribbing and Mark Ribbing,SUN STAFF | July 8, 1999
To the delight of a once-hostile Wall Street, Ciena Corp. announced another new contract yesterday, a three-year equipment deal with Alltel Corp., a telephone and Internet company in Little Rock, Ark. The news sent Ciena shares up $2.50, closing at $33.25.The Linthicum maker of telecommunications equipment is selling Alltel its signature product, a device that allows fiber-optic networks to carry more communications traffic. Ciena will be Alltel's sole supplier of the devices.Ciena said it has installed about $5 million in equipment along 2,500 miles of Alltel's network.
BUSINESS
By New York Times News Service | June 5, 2008
Verizon Communications is near a deal to buy Alltel Corp. for about $27 billion, including the assumption of debt, creating the nation's largest cellular telephone provider, people involved in the negotiations said. A deal could be announced as early as today, these people said. The deal would catapult Verizon's wireless business ahead of AT&T Wireless, which would fall to No. 2, followed by Sprint Nextel Corp. and Deutsche Telecom's T-Mobile. A combination of Verizon, based in New York, and Alltel, based in Little Rock, Ark., would have more than 80 million subscribers.
BUSINESS
By Laura Pavlenko Lutton and Laura Pavlenko Lutton,MORNINGSTAR.COM | April 2, 2000
Bankers are sticklers for the details. It's their business to invest money in loans to individuals and businesses, and they expect to be repaid, on time and in full -- no excuses. As stockholders, we should think like bankers. When we buy shares in a company, we're making an investment, and we should be paid back, too. The payback for shareholders is figurative, of course, but consider how much a company would have to earn before its cumulative earnings equal its current stock price. That period is called the PEG payback period, and it's based on the PEG ratio: a firm's price/earnings ratio divided by its expected growth rate.
BUSINESS
July 7, 2005
In the Region Average cost of hospital stay up 9% in Md. The cost of the average hospital stay in Maryland rose 9 percent in the fiscal year ending in June 2004, the Maryland Health Services Cost Review Commission reported yesterday. That's a faster rate of increase than the national rate, which was about 6 percent over the same period, according to the commission. Maryland's rate-controlled system has beaten the national rate most years, and the average Maryland charge, $8,403 in fiscal 2004, remains about 4 percent below the national average of about $8,750.
BUSINESS
November 27, 1993
Lumber futures hit 8-month highLumber futures prices vaulted to an eight-month high yesterday on the Chicago Mercantile Exchange, reflecting strong demand for tightening supplies. It was the third straight day of limit gains for lumber, which has rebounded nearly 16 percent from a Nov. 19 low of $367.Orders at some lumber mills are backed up to the end of December due to resurgent demand from wholesalers and distributors after a lull in the middle of the month, said Curt Cunningham, president of Pacific Futures Trading Co. in Seattle.
BUSINESS
By Jim Puzzanghera and Jim Puzzanghera,LOS ANGELES TIMES | June 6, 2008
WASHINGTON - Even more people will be able to hear Verizon Wireless after the company announced yesterday that it had agreed to buy Alltel Corp. for $5.9 billion plus a mound of debt. By acquiring Alltel, Verizon Wireless would leapfrog AT&T Inc. to become the nation's largest cellular carrier. But consumers might not like the sound of another wireless provider biting the dust. "There's not enough aggressive competition in the wireless industry as it is, and this would take out one of the better players," said Bob Williams, a telecommunications expert at Consumers Union, the nonprofit publisher of Consumer Reports.
BUSINESS
By New York Times News Service | June 5, 2008
Verizon Communications is near a deal to buy Alltel Corp. for about $27 billion, including the assumption of debt, creating the nation's largest cellular telephone provider, people involved in the negotiations said. A deal could be announced as early as today, these people said. The deal would catapult Verizon's wireless business ahead of AT&T Wireless, which would fall to No. 2, followed by Sprint Nextel Corp. and Deutsche Telecom's T-Mobile. A combination of Verizon, based in New York, and Alltel, based in Little Rock, Ark., would have more than 80 million subscribers.
BUSINESS
July 7, 2005
In the Region Average cost of hospital stay up 9% in Md. The cost of the average hospital stay in Maryland rose 9 percent in the fiscal year ending in June 2004, the Maryland Health Services Cost Review Commission reported yesterday. That's a faster rate of increase than the national rate, which was about 6 percent over the same period, according to the commission. Maryland's rate-controlled system has beaten the national rate most years, and the average Maryland charge, $8,403 in fiscal 2004, remains about 4 percent below the national average of about $8,750.
BUSINESS
April 17, 2005
A weekly briefing on the economic calendar Monday Earnings: 3M Co., Bank of America Corp., Eli Lilly and Co., SunTrust Banks Inc., CKE Restaurants Inc., IBM Corp., Texas Instruments Inc. Tuesday Producer Price Index for March; housing starts and building permits for March Earnings reports: American Standard Cos., Boston Scientific Corp., Coca-Cola Co., EMC Corp., General Motors Corp., Illinois Tool Works Inc., Johnson & Johnson Inc., Lucent Technologies Inc., Merrill Lynch & Co., Pfizer Inc., State Street Corp.
BUSINESS
By BLOOMBERG NEWS | January 7, 2005
NEW YORK - Alltel Corp., the sixth-largest U.S. wireless company, may pay $4 billion for Western Wireless Corp., which sells mobile calling in 19 Western states, people familiar with the matter said yesterday. The combined company would have revenue of about $10 billion and 9.8 million U.S. subscribers, or almost 6 percent of the national market. Western Wireless, which hasn't had an annual profit since 2000, sells service under the Cellular One brand. A transaction would let Alltel sell service in states such as California and Minnesota, where it doesn't operate now, and bolster subscriber rolls in Texas and other areas.
SPORTS
By Jamison Hensley | November 25, 2001
SCOUTING REPORT Ravens rushing vs. Jaguars run defense -- EVEN In the last meeting with the Jaguars, Ravens running back Jason Brookins ran for 77 yards and a touchdown in the second half. Last Sunday, Brookins gained a season-high 89 yards on 21 carries. While the Jaguars have given up an average of 119 yards on the ground the past four games, they have solid talent with linebackers Hardy Nickerson and Kevin Hardy, who combined for 18 tackles against the Ravens. Ravens passing vs. Jaguars pass defense -- EVEN Elvis Grbac has struggled mightily this season.
BUSINESS
January 10, 2009
Health coverage is said to eat up jobless aid A report issued yesterday by the consumer health group Families USA finds that the average cost for family health insurance coverage eats up almost 84 percent of monthly unemployment benefits. The study looked at Consolidated Omnibus Budget Reconciliation Act (COBRA) coverage, which allows a laid-off worker to retain employer-sponsored insurance but without the business contributions. That makes coverage much more expensive for individuals.
BUSINESS
April 17, 2005
A weekly briefing on the economic calendar Monday Earnings: 3M Co., Bank of America Corp., Eli Lilly and Co., SunTrust Banks Inc., CKE Restaurants Inc., IBM Corp., Texas Instruments Inc. Tuesday Producer Price Index for March; housing starts and building permits for March Earnings reports: American Standard Cos., Boston Scientific Corp., Coca-Cola Co., EMC Corp., General Motors Corp., Illinois Tool Works Inc., Johnson & Johnson Inc., Lucent Technologies Inc., Merrill Lynch & Co., Pfizer Inc., State Street Corp.
SPORTS
By JAMISON HENSLEY and JAMISON HENSLEY,SUN STAFF | October 9, 2000
JACKSONVILLE, Fla. - A different strategy led to different results. Ravens cornerback Chris McAllster, who normally plays exclusively on the right side, shadowed Jacksonville's Jimmy Smith wherever he lined up, looking to contain him rather than shut him down. Smith, who has averaged 119 yards receiving in his career against the Ravens, caught four passes for 46 yards in the first half. It's the first time in defensive coordinator Marvin Lewis' five years with the Ravens that he has matched a cornerback with a specific receiver.
SPORTS
By Ken Murray | October 8, 2000
Scouting report Ravens rushing vs. Jaguars run defense RAVENS The Ravens have gained more yards rushing (711) than any team in the league, although their per-game average of 142.2 ranks second. Jacksonville gave up 209 rushing yards in a 24-13 loss to Pittsburgh last week. The Jaguars may have to play without DT Gary Walker (knee) and MLB Hardy Nickerson (hamstring), weakening them up the middle. Ravens LT Jonathan Ogden (ankle) is out, and he'll be replaced by Spencer Folau. RT Harry Swayne (ankle)
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