AT&T profits sink as first-time customer incentives bite
AT&T Corp reported a 38 percent drop in quarterly profit amid sluggish revenue and a heavy push to attract new customers with up to 250 free minutes. The company, based in Basking Ridge New Jersey, earned 959 million dollars or 59 cents a share for the quarter ended June 30, down from 1.54 billion dollars or 95 cents a year ago. Revenues rose 2.4 percent to 13.17 billion dollars as AT&T expanded into local wireless and overseas markets amid rival price competition.
MENTIONED IN THIS ARTICLE
At&t Corp
At&t
MCI Communications
ATAT
Basking Ridge
N.J
IBM earnings rise 7.4 percent on solid services demand
IBM Corp reports second quarter profits up 7.4 percent on a 3.8 percent revenue gain to 18.87 billion driven by strong demand for computer services parts and business PCs. Earnings reach 1.45 billion or 1.46 per share versus 1.35 billion or 1.26 a year earlier. Service division remains strongest performer with 23.5 percent revenue growth to 4.6 billion, slight above IBES expectations for about 1.42 per share.
MENTIONED IN THIS ARTICLE
IBM Corp
IBM
Ibes International
Marines test market direct mail pitch to recruit women
The Marine Corps tested direct mail pitches to 40,000 female high school students this summer. The aim is not to raise female enlistment proportion but to test a new recruitment approach. The service targets about 2,300 women among 39,000 recruits this year, a similar share to recent years. Bishop Frank Griswold named presiding bishop of the Episcopal Church, pledging inclusive leadership amid debate over ordination and marriage of homosexuals.
MENTIONED IN THIS ARTICLE
Marine Corps
Marines
David Kramer
Marine Corps Recruiting Command
Cynthia Atwood
Griswold
Oak Grove police bribe scandal shocks Kentucky town
A madam at a massage parlor accuses Oak Grove police and city officials of taking bribes to run a brothel and covering two 1994 employee slayings. A councilwoman who once worked there backs the allegations, prompting calls for Patty Belew’s resignation while she vows to stay to expose corruption.
MENTIONED IN THIS ARTICLE
Oak Grove
Patty Belew
Belew
Tennessee Line
Tammy Papler
New Life Massage Parlor
Papler
Gloria Ross
Candy Belt
Kentucky State Police
Tiny Oak Grove
AP Pheto
New CIA chief defines mission in fighting terror networks
CIA Director George Tenet outlined a focused mission for the agency emphasizing hard targets in terrorism, weapons proliferation, and drug trafficking. He stressed retaining secrecy and producing unique intelligence while avoiding role confusion in the information age.
MENTIONED IN THIS ARTICLE
Mclean
CIA
Agency
George Tenet
Senate
Tenet
United States
Aldrich Ames
Latinos Rise in Economic Power Amid Ongoing Poverty
A National Council of La Raza report shows Latinos are expanding the middle class and growing Latino owned businesses while purchasing power reaches 350 billion and middle class up 25 percent, yet poverty persists due to education gaps and lower wages.
MENTIONED IN THIS ARTICLE
National Council of la Raza
la Raza
United States
Raul Yzaguirre
America
NCLR
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New York City
Washington, D.C
Philadelphia
Frank Griswold Jil
Chicago
Episcopal Church
Ross
Belt
Billy Gloyd
Hopkinsville
Christian County
Mike Burman
GM Goodwrench
Iowa
GM Corp
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