Telecom boom fuels $1.43 trillion world revenue rise
The ITU reports global telecom and info-communications revenue hit 1.43 trillion dollars in 1994, with Nippon Telecom and AT&T leading using 79 and 71.9 billion dollars respectively. Subscriptions rose with 86 million new telecoms, while 60 percent of people remain without phone access. The World Telecommunications Development Report 1995 highlights rapid growth in Asia and Internet, cable TV, and mobile sectors amid persistent gaps in access.
MENTIONED IN THIS ARTICLE
Geneva
International Telecommunication Union
Lion
ITU
ITV
China
Asia-Pacific
New York
McAbie Abms
Ainsi
Ie Emraei
NewbNic
Exxon
Pete A Smith
At&t
Aie
Alvee Ye Paice
Allied Corporation Iane Amd Die
Ferdha
Ois Av Pepsic Itl
Thy Airtel Allstate
Wyanm Ya
Sbve
SAVi+ ME
Va Rearal
Chrysler Archins
Phe Ve GaPac
Bae
StPaul
Bamneks
Gillette A
SchrPis
Columba Gas Sea BestBuy
Schwaba
Inter Inc
BethSt
Seagate
Boeing
Sears
Emerson
Brooke Ie
Englehard
CBS A
Stonec
Zor Va Ford
Bo Hanson
General Motors
Chase Cate
Hmsika
HostMar
Murnand
Usxmar
Hanson
Cipeam
Fa Hills Dept
YW Limited
CoxOm
Vittos Upjohn
Lesco Inc
Northern Savings DewCh Dieney
Motorola
Onio Edison
Fed Leaves Rates Unchanged Amid Open Cuts Possibility
The Federal Reserve kept the target for overnight rates at 5.75 percent on Tuesday. Analysts say the stance remains accommodative with a growing economy and inflation concerns easing, suggesting potential rate cuts before year end.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Treasury
Daiwa losses reveal temptations of rogue traders
In Tokyo Daiwa Bank disclosed that New York executive Toshihide Iguchi ran up 1.1 billion dollars in bond trading losses from 1984 to 1995. Analysts compare the case to Nick Leeson but say Daiwa is better positioned to absorb the hit while questions about oversight and risk systems grow. The loss equals about 10 percent of Daiwa's assets amid Japan's broader banking woes and slow use of new risk tools.
MENTIONED IN THIS ARTICLE
Tokyo
New York
Daiwa Bank
Asura Fujita
Daiwa
Osaka
Toshihide Iguchi
Iguchi
Nick Leeson
Baring Brothers & Co
Unie Lugeeualul Lauana
Leeson
Germany
Singapore
Darwa
David Threadgold
Barclays de Zoete Wedd Research
Japan
Ministry of Finance
U.S. Treasury
Jytte
Dee
Fry
Brian Waterhouse
James Capel Japan Ltd
U.S
Richard Werner
Jardine Fleming (Securities) Ltd
Werner
Center
Jmes
Francis IV
Leonard F. Joy
Airlines extend fare discounts for holiday travel dates
Airlines broaden discounts to 15 key holiday travel dates including Thanksgiving Christmas and New Year as Continental leads with a low key promotion. Northwest matches in all markets, signaling a rare price cut on high demand days.
MENTIONED IN THIS ARTICLE
ST. Paul, Minn
Knight-Ridder
Continental Airbnes
Northwest
Hearings resume in magazine case over blocked Business Week story
In Cincinnati AP report Business Week magazine seeks a third attempt to lift a judge’s order blocking publication of a multimillion dollar corporate suit story. McGraw Hill and Bankers Trust are defendants in Procter & Gamble’s 195 million suit. Judge John Fens resumes hearing after extending the temporary order through Oct. 3.
MENTIONED IN THIS ARTICLE
Cincinnati
Business Week
McGraw- Hill Cos
Bankers Trust Co
Procter & Gamble Co
U.S
John Fens
Ferkins
New York Comex and Merc Prices for Nonferrous Metals
Closing prices yesterday show GCLD at 384.20 per troy ounce and SILVER at 5.442 per troy ounce on Comex. Platinum 424.10 per troy ounce, Palladium 138.95 per ounce. spot prices list Aluminum 0.10 per pound, Copper 1.3470, Lead 0.44, Zinc 0.5153 per pound. Metals Week lists MERGUAY at 250 per 76 pound flask.
MENTIONED IN THIS ARTICLE
New York
Comex
Beware of NPC Awards prize scam warning
Two Cleveland area residents warn others after NPC Awards and AAATI Clearing House postcard solicitations promised prizes like a 1995 Pontiac Firebird and a Cancun vacation. Victims reported being asked for money and credit card details before any prize is revealed, prompting BBB cautions.
MENTIONED IN THIS ARTICLE
Cleveland
Aurora
Strauss
BBB
Theresa Longbrake
Kevin Comer
Lorain
Longbrake
Comer
Kevin
Also Mentioned on This Page
Nippon Telegraph and Telephone
IBM
Internet
America
Mexico City
Wes
Pema
Washington Post
Alan Greenspan
Waterhouse
Ami
Contiguous States
Hawaii
Alaska
McGraw-Hill
Ferkens
Cnea
Pee Eae
P.N.C. Corp
Parker Hanniin
Reliance Elect
NIA
Royal Appliance Sherwin Willams
Smuckers
SJMA
Sunrse Medical
Texas Utilbes
T.rw
USK
Woolworth (F.W
York International
American Whst Mutual
Templeton
Templeton World Vanguard Wellington
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