EchoStar to Acquire Hughes Electronics and DirecTV for 25.8 Billion
EchoStar Communications plans to buy Hughes Electronics and DirecTV from General Motors for 25.8 billion dollars. If approved, EchoStar becomes the leading U.S. home satellite TV service, with Hughes’ DirecTV holding about 10 million subscribers. The deal also ties in DirecPC satellite Internet and DSL technology.
MENTIONED IN THIS ARTICLE
EchoStar Communications
Hughes Electronics
Directv
General Motors Corp
EchoStar
Hughes
U.S
Dish Network
Gilat Satellite Networks
Microsoft
WildBlue
Littleton
Colo
el Segundo
Calif
Hoover's Online
Associated Press
EchoStar says DirecTV deal will boost TV competition
EchoStar plans to buy Hughes Electronics and DirecTV from GM in a $25 billion merger seen as increasing competition in pay TV. Ergen says the deal creates a true competitor to cable, lowers costs, and speeds high speed Internet delivery. Regulators face antitrust questions, with industry experts mixed on approval chances.
MENTIONED IN THIS ARTICLE
EchoStar
Directv
Denver
EchoStar Communications Corp
Cable
Charles Ergen
Dish Network
Hughes Electronics
General Motors Corp
U.S
New York
Ergen
Mark Lumpkin
Littleton
Federal Communications Commission
Richard Doherty
Envisioneering Group
Garret Rasmussen
Washington, D.C
Patton, Boggs
United
United appoints Creighton as new CEO amid stock lift and union support
United Airlines named John Creighton as chief executive, drawing early Wall Street enthusiasm and strong union backing. Analysts caution the jet to post losses as it plans a swift restructuring, aiming for wage concessions and cost cuts to stabilize the carrier’s finances. Creighton, 69, lacks airline experience but is praised for labor relations expertise, with pilots’ union backing reinforcing potential cooperation on cost reductions.
MENTIONED IN THIS ARTICLE
Chicago
United Airlines
Wall Street
John Creighton
United
UAL Corp
James Goodwin
New York Stock Exchange
US Airways
Creighton
Helane Becker
Buckingham Research Group
Pilots’ Union
Pilots’ Board
Rick Dubinsky
Real estate outlook: subleased space rises in Boston area
Cushman & Wakefield Moody's reports 7.9 million square feet of subleased Boston area office space in Q3 up from last year, with national office vacancy at 10.8 percent in Q2. Industrial vacancy climbs to 8.6 percent. brokers see demand steady though not spectacular. Some economists see potential relief if refinancing rules loosen.
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Boston
Massachusetts
Cushman & Wakefield
Moody’s
J. Leonard Caldeira
Staubach Co
Chicago
Caldeira
Peter Hanson
NAI
James E. Hanson
Hackensack
N.J
Congress
University of North Carolina
James F. Smith
Meena
Belmont
Gaston County
Government surplus shrinks to 127 billion in 2001
The Bush administration reported a 2001 budget surplus of 127 billion, about half of 2000's 237 billion record. Analysts warn a weak economy and rising spending may wipe out the surplus in the current fiscal year, risking a deficit again in 2002.
MENTIONED IN THIS ARTICLE
Congressional Budget Office
Bush
Washington
Congressional
Budget Office
CBO
Congress
Mark Zandi
Economy.Com
New dealership opens with state of the art facilities
Hancock says the Gastonia site is a several million dollar investment and a shift from a regular dealership. Residents Willie Lackey and Lee Richburg tour the new showroom while their Chevy S-10 is serviced. Sonny Hancock, founder since 1967, notes 85 staff moving to the new building and an anticipated rise to about 100. The company runs Mazda Hyundai in Gastonia and Chrysler in Lenoir.
MENTIONED IN THIS ARTICLE
Hancock
Willie Lackey
Gastonia
Sports Illustrated
Lackey
Lee
Billie Richburg
Lee Richburg
Sonny
Sonny Hancock
Lenoir
Jason Koshinskie
Also Mentioned on This Page
Directtv
Ren
Sateline Smi
Consumer Report
Consumer Reports
National Cable & Telec Thermes Group
Sular Cable
At&t Corp
National Rural Telecommunications Cooperative
Pegasus
Senate Judiciary Subcommittee
Herb Kohl
Dwis
Mike DeWine
Rohio
Dein Wilkinson Blyd
Cra Ririy
Office of
Los Angeles
Honolulu
Lufthansa
Swiss Alitalia
Air
Aa-American
Al-Alaska
Ba-British Airways
Co-Continental
Ol-Delta
Ew-Eastwind
Ff-Tower
Carolina Golf
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