Verizon to buy Alltel to become the largest U S wireless provider
Verizon to acquire Alltel in a deal that would create the nation’s largest cell phone service and boost Verizon Wireless to about 80 million customers. The merger, valued around $9 billion in annual revenue, faces federal reviews and aims to save about $1 billion in two years through admin cuts and roaming fee reductions.
MENTIONED IN THIS ARTICLE
Verizon
At&t
Sprint Nextel
T-Mobile
Verizon Wireless
Alltel
At&t Mobility
Sprint
Inland
Hispanics Die On Job At Higher Rates Nationwide
A federal study finds Hispanics die on the job more often than other U S workers with foreign-born Hispanics most affected. Construction accounts for about a third of Hispanic workplace deaths from 1992 to 2006. California Texas and Florida show the highest counts and rates per 100 000 workers.
MENTIONED IN THIS ARTICLE
Washington
U.S
Centers For Disease Control and Prevention
Sherry Baron
National Institute For Occupational Safety and Health
CDC
California
Texas
Florida
Broadcom executive Henry Nicholas charged in multiCount fraud case
A federal grand jury indicted Henry T. Nicholas II on 21 counts for backdating stock options at Broadcom and for alleged distribution of controlled substances. The Irvine based founder is accused of spiking drinks with MDMA and handling drugs at homes and properties in Orange County and Las Vegas.
MENTIONED IN THIS ARTICLE
Los Angeles
Henry T. Nicholas II
Orange County
Nicholas
Broadcom Corp
William J. Ruehle
Irvine
Las Vegas
Broadcom
Continental to cut 3000 jobs and shrink capacity this fall
Continental Airlines says it will shed 3,000 jobs and cut capacity by 11 percent this fall amid soaring fuel costs. The Houston based carrier also plans to detail which Cleveland Hopkins routes will be reduced or eliminated while top executives forego pay for the year.
MENTIONED IN THIS ARTICLE
Dallas
Continental
Cleveland Hopkins International
Cleveland
Continental Airlines
Midwest
Hopkins
Newark
N.J
Paris
Ricky Smith
Smith
Foreclosures hit record in first quarter as housing slump deepens
Foreclosure starts rose to 0.99 percent of all mortgages in Q1 with subprime loans at 4.06 percent. Home equity dropped to 46.2 percent, the lowest since World War II, signaling rising defaults and possible further price declines.
MENTIONED IN THIS ARTICLE
Washington
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