EchoStar offers 28.8 billion for DirecTV in bid
EchoStar chairman Charles Ergen announced a 28.8 billion unsolicited bid for Hughes Electronics DirecTV, arguing a merged satellite service would spur competition with cable. The plan would add GM as a major stake and leave regulators to weigh local market effects and job impacts.
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New York
EchoStar Communications Corp
Hughes Electronics Corp
EchoStar
Charles W. Ergen
Ergen
Hughes
Directv
Denver
Littleton
Colo
At&t Broadband
At&t
General Motors Corp
Rupert Murdoch
News’ Corp
Peter Kreisky
Mercer Management Consulting
Boston
Blair Levin
Legg Mason
Levin
Federal Communications Commission
Murdoch
Kreisky
Bskyb
Asia
Europe
Latin America
Toni Simonetti
News Corp
BellSouth reaches tentative three year contract ending strike threat
In Atlanta on a Saturday night BellSouth and the Communications Workers of America avert a walkout by agreeing to a three year pact covering about 54 500 workers The deal includes a 13 percent pay raise and higher costs for doctor visits and prescriptions Workers assess the terms with mixed views noting pay and prescription costs as points of contention and high level statements from union and company officials about a partnership for growth
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Atlanta
Florida
Louisiana
BellSouth
Communications Workers of America
Wall Street
Walter Andrews
Georgia
Verizon
Jimmy Smith
CWA
District 3
Richard Sibbernsen
Andrews
Jeff Miller
JetBlue's bold blueprint reshapes low cost travel
JetBlue founder David Neeleman built a new carrier with 16 Airbus A320s, choosing JFK and Fort Lauderdale as bases to target a crowded market. The airline fills 80 percent of seats, operates 80 daily flights to 16 cities, and aims for 300 million dollars in revenue this year. It employs 1,800 staff and plans Long Beach and Washington expansion, prioritizing speed, new planes, and a "cool" in flight experience with satellite TV and ample snacks.
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JetBlue
David Neeleman
Morris Air
Southwest
Canada
WestJet
Western Presidio
J.P. Morgan Chase
George Soros
Neeleman
New York
la Guardia
John F. Kennedy International
Midtown Manhattan
Jfk
Miami
Fort Lauderdale
Oakland
San Francisco
Herb Kelleher
Airbus Industrie
Long Beach
Calif
Washington
Pittsburgh based VW layoffs hit earnings drop in 2001 Q2
VW layoffs cited as the cause of slumping sales with a 21 percent earnings decline for the second quarter of 2001. The report notes earnings fell due to lower fiberglass volumes and higher natural gas costs. Cleveland County unemployment stood at 11.1 percent in June, above the state 5.1 percent, and could rise by at least 1 point as 400 jobs equal one percentage point. Since June 2000, unemployment has almost tripled in the county.
MENTIONED IN THIS ARTICLE
Cleveland County
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Jena, EW
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Irkenstock
Morgans
Arizona
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vJetBlue
Vwlayoffs
E. Long Ave
Gastonia
Gaston Countilal
Afuaine
New Horizons
Geaters
Microsoft
Belmont
NC Center For Applied Textile Technology
Cisco Network
Lisar
Nhcharlotte.com
Newhorizons.com
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