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By NEW YORK TIMES NEWS SERVICE | June 11, 1997
In an implicit acknowledgment that AT&T may soon merge with a regional Bell telephone company, AT&T's chairman, Robert Allen, declared yesterday that such a deal would enhance competition.Allen declined to confirm reports that his company was negotiating a $50 billion merger with SBC Communications, nor did he mention the company by name. But in a speech to executives in Boston that seemed almost like a wink and a nod, Allen said that merging long-distance and local phone companies was not "unthinkable."
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BUSINESS
By ANDREW LECKEY | May 1, 2005
I hold a substantial number of shares of SBC Communications Inc. and have incurred a considerable loss since purchasing them in 2002. What are the prospects for this company? - R.E., Columbia, Conn. This telecommunications powerhouse with investments in 14 countries is getting even bigger. Its $16 billion purchase of AT&T Corp., expected to be completed by mid-2006, would make it the largest U.S. communications company. The future of its stock will be decided by how investors view the deal.
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BUSINESS
January 17, 1995
Mexican stocks rallyThe Mexican stock market staged another modest rally yesterday, but most investors were more preoccupied with today's scheduled auction of $300 million in government bonds, which will be widely interpreted as a gauge of confidence in Mexico's ability to recover from its economic crisis.The Mexican market's price index rose 1.19 percent yesterday, closing at 2,243. Partly on fears of low demand at the tesebono auction, the peso lost about 3 percent of its value against the dollar.
BUSINESS
By Jon Van and Michael Oneal and Jon Van and Michael Oneal,CHICAGO TRIBUNE | January 28, 2005
AT&T is one of the most recognized brands in the world. For more than a century, the long-distance telephone company has been an American icon, the quintessential "widows and orphans" stock. So why is "Ma Bell" suddenly in talks to get gobbled up by one of her offspring? "There isn't enough business to go around for all the hungry mouths out there," said Michael Birck, chairman of Tellabs Inc., which sells equipment to both companies. "Consolidation has to happen." Yesterday, officials from SBC Communications Inc. were in discussions to buy AT&T Corp.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | May 11, 1998
SBC Communications Inc., the West's dominant local telephone company, is expected to announce today that it is acquiring the Ameritech Corp. for about $60 billion in stock, people close to the talks said. The deal would re-create much of the old Bell system.The proposed deal is the latest in a string of corporate blockbusters. In size, it is the second-largest in corporate history, exceeding the BankAmerica-Nationsbank merger announced last month, and trailing only the $70 billion deal in March between Citicorp and the Travelers Group.
BUSINESS
By ANDREW LECKEY | May 1, 2005
I hold a substantial number of shares of SBC Communications Inc. and have incurred a considerable loss since purchasing them in 2002. What are the prospects for this company? - R.E., Columbia, Conn. This telecommunications powerhouse with investments in 14 countries is getting even bigger. Its $16 billion purchase of AT&T Corp., expected to be completed by mid-2006, would make it the largest U.S. communications company. The future of its stock will be decided by how investors view the deal.
BUSINESS
By BLOOMBERG NEWS | June 30, 1999
WASHINGTON -- SBC Communications Inc. and Ameritech Corp. said yesterday that they had agreed to enter 30 local telephone markets in the next 2 1/2 years in return for regulatory approval of SBC's $78 billion purchase of Ameritech.The proposal is one of 26 conditions that the staff of the Federal Communications Commission said should be met before the commission approves the merger. The plan is designed to increase local phone competition and access to high-speed Internet services for consumers.
BUSINESS
By BLOOMBERG NEWS | May 15, 2002
SAN ANTONIO - SBC Communications Inc. will eliminate 5,000 jobs, or 2.6 percent of the work force, this quarter after the second-largest U.S. local-telephone company posted its first loss in nearly five years. Jobs will be cut in 13 states. Reductions include management and nonmanagement employees who don't directly serve customers, SBC said. The company pared 4,000 jobs in the first quarter and said last month that it would shed about 4,000 more through December. SBC had a first-quarter loss of $81 million as sales fell 6 percent.
BUSINESS
By BLOOMBERG NEWS | August 17, 2004
WASHINGTON - SBC Communications Inc., AT&T Corp. and seven other U.S. telephone companies asked federal regulators to phase out most of the $37 billion of fees they pay to connect each other's calls and shift some costs to customers. The plan presented to the Federal Communications Commission would overhaul rules for the "broken" compensation system, Gary Epstein, a former FCC official who mediated talks on the proposal, said at a news briefing. The system includes different per-minute rates, depending on the type of call or distance, and forces long-distance providers such as AT&T to pay higher fees than local companies including SBC. Carriers say it's unfair, overly complicated and prone to legal disputes.
BUSINESS
By BLOOMBERG NEWS | October 23, 2001
SAN ANTONIO - SBC Communications Inc., the second-biggest U.S. local-phone company, said yesterday that it will eliminate "several thousand" jobs and reduce spending on an Internet project after third-quarter profit fell 31 percent. Profit fell to $2.1 billion, or 61 cents a share, from $3 billion, or 88 cents, in the year-earlier quarter, when SBC sold assets in Europe. Sales rose less than 1 percent to $13.5 billion, including SBC's 60 percent share of Cingular Wireless. SBC didn't specify how many of its 216,000 workers would be fired.
BUSINESS
By BLOOMBERG NEWS | August 17, 2004
WASHINGTON - SBC Communications Inc., AT&T Corp. and seven other U.S. telephone companies asked federal regulators to phase out most of the $37 billion of fees they pay to connect each other's calls and shift some costs to customers. The plan presented to the Federal Communications Commission would overhaul rules for the "broken" compensation system, Gary Epstein, a former FCC official who mediated talks on the proposal, said at a news briefing. The system includes different per-minute rates, depending on the type of call or distance, and forces long-distance providers such as AT&T to pay higher fees than local companies including SBC. Carriers say it's unfair, overly complicated and prone to legal disputes.
BUSINESS
By BLOOMBERG NEWS | May 15, 2002
SAN ANTONIO - SBC Communications Inc. will eliminate 5,000 jobs, or 2.6 percent of the work force, this quarter after the second-largest U.S. local-telephone company posted its first loss in nearly five years. Jobs will be cut in 13 states. Reductions include management and nonmanagement employees who don't directly serve customers, SBC said. The company pared 4,000 jobs in the first quarter and said last month that it would shed about 4,000 more through December. SBC had a first-quarter loss of $81 million as sales fell 6 percent.
BUSINESS
By BLOOMBERG NEWS | October 23, 2001
SAN ANTONIO - SBC Communications Inc., the second-biggest U.S. local-phone company, said yesterday that it will eliminate "several thousand" jobs and reduce spending on an Internet project after third-quarter profit fell 31 percent. Profit fell to $2.1 billion, or 61 cents a share, from $3 billion, or 88 cents, in the year-earlier quarter, when SBC sold assets in Europe. Sales rose less than 1 percent to $13.5 billion, including SBC's 60 percent share of Cingular Wireless. SBC didn't specify how many of its 216,000 workers would be fired.
BUSINESS
By BLOOMBERG NEWS | June 30, 1999
WASHINGTON -- SBC Communications Inc. and Ameritech Corp. said yesterday that they had agreed to enter 30 local telephone markets in the next 2 1/2 years in return for regulatory approval of SBC's $78 billion purchase of Ameritech.The proposal is one of 26 conditions that the staff of the Federal Communications Commission said should be met before the commission approves the merger. The plan is designed to increase local phone competition and access to high-speed Internet services for consumers.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | May 11, 1998
SBC Communications Inc., the West's dominant local telephone company, is expected to announce today that it is acquiring the Ameritech Corp. for about $60 billion in stock, people close to the talks said. The deal would re-create much of the old Bell system.The proposed deal is the latest in a string of corporate blockbusters. In size, it is the second-largest in corporate history, exceeding the BankAmerica-Nationsbank merger announced last month, and trailing only the $70 billion deal in March between Citicorp and the Travelers Group.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | June 11, 1997
In an implicit acknowledgment that AT&T may soon merge with a regional Bell telephone company, AT&T's chairman, Robert Allen, declared yesterday that such a deal would enhance competition.Allen declined to confirm reports that his company was negotiating a $50 billion merger with SBC Communications, nor did he mention the company by name. But in a speech to executives in Boston that seemed almost like a wink and a nod, Allen said that merging long-distance and local phone companies was not "unthinkable."
BUSINESS
By Jon Van and Michael Oneal and Jon Van and Michael Oneal,CHICAGO TRIBUNE | January 28, 2005
AT&T is one of the most recognized brands in the world. For more than a century, the long-distance telephone company has been an American icon, the quintessential "widows and orphans" stock. So why is "Ma Bell" suddenly in talks to get gobbled up by one of her offspring? "There isn't enough business to go around for all the hungry mouths out there," said Michael Birck, chairman of Tellabs Inc., which sells equipment to both companies. "Consolidation has to happen." Yesterday, officials from SBC Communications Inc. were in discussions to buy AT&T Corp.
BUSINESS
July 17, 2005
A weekly briefing on the economic calendar Monday Earnings: 3M Co.; Bank of America Corp.; Citigroup Inc.; MBNA Corp. Tuesday June housing starts Earnings reports: Amgen Inc.; Ford Motor Co.; Intel Corp.; Johnson & Johnson; Kraft Foods Inc.; Lucent Technologies Inc.; Wells Fargo & Co.; Yahoo Inc. Wednesday Earnings reports: AMR Corp.; Eastman Kodak Co.; eBay Inc.; General Motors Corp.; JPMorgan Chase & Co.; Pfizer Inc. Thursday June leading economic indicators; Federal Reserve June 30 meeting minutes Earnings reports: Caterpillar Inc.; Coca-Cola Co.; Google Inc.; Merck & Co.; SBC Communications Inc. Friday Earnings reports: Halliburton Co.; Schlumberger Ltd.
BUSINESS
January 17, 1995
Mexican stocks rallyThe Mexican stock market staged another modest rally yesterday, but most investors were more preoccupied with today's scheduled auction of $300 million in government bonds, which will be widely interpreted as a gauge of confidence in Mexico's ability to recover from its economic crisis.The Mexican market's price index rose 1.19 percent yesterday, closing at 2,243. Partly on fears of low demand at the tesebono auction, the peso lost about 3 percent of its value against the dollar.
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