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NEWS
April 7, 1985 | EDITH M. LEDERER, Associated Press
Several hundred British engineers lured in the 1960s by high salaries in the United States and Canada are coming home to take jobs at half the pay in response to a "Come Back to Britain" campaign. The engineers are among 3,700 expatriates who responded to the advertising campaign launched by a consortium of major British high-technology companies last November in the silicon valleys of the United States and Canada.
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NEWS
February 1, 1998 | MAUREEN JOHNSON, ASSOCIATED PRESS
Yellow posters proclaiming "New Deal" gleam in the windows of the government job agency in the cheerless winter afternoon. Inside, Michelle Mason, who has seldom worked since leaving school, waits to learn if she's landed a part-time job in a pet shop that pays about $115 a week. "If I don't get this particular one, there's always something else around," she says vaguely. This time, what's around will be some very specific choices.
BUSINESS
August 11, 1987
Tekelec reached an agreement to market data-communications testing equipment manufactured by British Telecommunications. Tekelec, a Calabasas company that produces its own line of communications testing devices, said it would market British Telecom's Microflood Test System in the United States and Canada. The system sells for about $71,000.
BUSINESS
October 26, 2006 | From the Associated Press
BT Group, the former British telecommunications monopoly, said Wednesday that it bought Mountain View, Calif.-based Counterpane Internet Security Inc. to boost its computer security services for corporate customers. Financial terms were not disclosed. The acquisition is the latest example of industry giants looking to beef up their security offerings. Data storage provider EMC Corp.
BUSINESS
July 30, 1998 | From Reuters
British Telecommunications, posting lower quarterly profit, said Wednesday that its $10-billion global joint venture with AT&T Corp. will not be the last this year and that it expects to cut 5,000 to 6,000 jobs by year's end. BT, which announced the deal with AT&T on Sunday, said its first-quarter pretax profit fell 18% to $1.2 billion after a leap in European start-up costs and surging interest charges. BT said it shed 2,000 jobs during the quarter at a cost of about $65.
BUSINESS
December 5, 2001 | Associated Press
British Telecommunications said it will cut 5,200 more jobs from its retail business as part of an effort to trim costs and boost productivity. The jobs, which represent 4.6% of BT's work force, are to be eliminated through voluntary means and not layoffs, the company said. BT, once a state-run monopoly, has had difficulty adjusting to an increasingly competitive market. BT already has shed 7,900 jobs in its retail business. The new job cuts are expected to save BT $1.
BUSINESS
March 13, 2000 | JEFFREY L. RABIN, TIMES STAFF WRITER
A Ukrainian- and Russian-built Sea Launch rocket carrying a British telecommunications satellite failed moments after being launched Sunday from a floating platform near the equator. It was only the third launch for the Boeing-led venture, which uses a converted ocean-going oil rig as a launch pad. It successfully launched a dummy satellite a year ago and a DirecTV satellite in October. The lost satellite was valued at $100 million, said the owner, London-based ICO Global Communications.
BUSINESS
July 12, 1997 | JUBE SHIVER Jr., TIMES STAFF WRITER
MCI Communications Corp.'s warning of unexpectedly steep losses from its push to enter the local phone market led to a 17% drop in its stock price Friday and triggered speculation that British Telecommunications may seek to renegotiate terms of its $25-billion acquisition of MCI. MCI shares plunged $7.38 to close at $35 on Nasdaq. British Telecom's U.S.-traded shares sank $5.25 to close at $76.31 on the New York Stock Exchange, a 6.4% drop. MCI, which has spent $1.
BUSINESS
May 26, 1993 | From Times Wire Services
American Telephone & Telegraph Co. on Tuesday announced an agreement with several international telecommunications carriers to build a global network to streamline telephone service for multinational corporations. The alliance between AT&T, Singapore Telecom and Japan's Kokusai Denshin Denwa Co. will spend more than $100 million over several years to set up a global network to manage voice and data traffic for business customers in the United States and the Pacific Rim.
BUSINESS
August 10, 1995 | From Reuters
MCI Communications Corp. and News Corp. on Wednesday announced a joint venture to provide on-line services and said British Telecommunications may take a stake too. It is the first major linkup since MCI, the nation's second-largest long-distance firm, announced plans in May to invest $2 billion in Rupert Murdoch's media empire. The venture will include all the companies' existing on-line operations, they said, including News Corp.'s Delphi Internet Services Corp., which has 100,000 customers.
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