August 6, 2008 |
Charter Communications Inc., a St. Louis-based cable television company controlled by Paul Allen, reported a narrower second-quarter loss after adding telephone and high-speed Internet customers. The loss shrank to $276 million, or 74 cents a share, from $360 million, or 98 cents, a year earlier, Charter said. Sales increased 8.3% to $1.62 billion. Charter shares dropped 5 cents, or 4.4%, to $1.09.
January 25, 2008 |
Charter Communications Inc. executives believe a software error during routine maintenance caused the company to delete the contents of 14,000 customer e-mail accounts. There is no way to retrieve the messages, photos and other attachments that were erased from in-boxes and archive folders across the nation Monday, said Anita Lamont, a spokeswoman for the suburban St. Louis company.
November 9, 2007 |
Charter Communications Inc., the cable company controlled by Paul Allen, said its third-quarter loss expanded to $407 million, or $1.10 a share, from $133 million, or 41 cents, a year earlier. Sales rose 9.9% to $1.53 billion. Charter lost more than 40,000 basic cable subscribers during the period, compared with a gain of 5,000 forecast by Wedbush Morgan Securities analyst William Kidd in Los Angeles. Shares of the St. Louis-based company fell 62 cents to $1.16.
October 10, 2007 |
washington -- Supreme Court justices signaled Tuesday they might not allow investors to sue bankers and other outside businesses that may have played key roles in a company's scheme to inflate its value. The justices heard arguments in a closely watched case involving Charter Communications Inc. that asks who can be sued for a stock fraud -- just the company that perpetrated the fraud or all those who participated in its fraudulent scheme?
August 16, 2007 |
Billionaire Paul Allen may try to buy or recapitalize Charter Communications Inc., the cable television company he controls. Allen, 54, a co-founder of Microsoft Corp., is also considering steps to reduce St. Louis-based Charter's debt, as well as buying additional shares, according to a regulatory filing Wednesday. Allen controls Charter through ownership of Class B shares that have more voting rights than the common shares.
June 13, 2007 |
In a lawsuit that harks back to the Enron Corp. scandal, the Bush administration is at odds with the Securities and Exchange Commission as well as with state attorneys general and consumer and investor advocates. President Bush personally weighed in with his views before the administration decided not to support investors whose securities fraud case is now before the Supreme Court. The SEC had voted 3 to 2 to ask Solicitor General Paul Clement to support shareholders in the pending court case.