January 18, 2003 |
Investors who saw more than $225 million evaporate when Earthlink Inc. co-founder Reed E. Slatkin's long-running fraud collapsed won a court round Friday in their efforts to recover funds from the relatively few Slatkin investors who profited -- a group including celebrities such as actor Peter Coyote and former supermodel Cheryl Tiegs.
November 21, 2000 |
Under pressure from government regulators, merger partners America Online Inc. and Time Warner Inc. said Monday they have cut a deal with EarthLink--AOL's chief rival--to deliver high-speed Internet access across Time Warner's cable wires. The contract, set to take effect next year, is considered pivotal to winning government approval for the AOL-Time Warner deal. The agreement also could serve as a model for other cable networks in leasing their wires to unaffiliated Internet companies.
February 11, 2004 |
EarthLink Inc. and Verizon Communications Inc. said they reached a marketing agreement that would let EarthLink expand its high-speed Internet service to customers in Verizon's territories. EarthLink said it expected to expand coverage in New York, Boston and Washington, and begin service in new markets including Buffalo and Poughkeepsie, N.Y., and Scranton, Pa. EarthLink will be able to use Verizon's broadband infrastructure to try to sell its service to 6.
November 17, 2007 |
EarthLink Inc., a major booster of blanketing cities with wireless Internet service, said Friday that it would consider "strategic alternatives" for that business. After a review, the company "decided that making significant further investments in this business could be inconsistent with our objective of maximizing shareholder value," Chief Executive Rolla P. Huff said. The company said it was looking at "strategic alternatives" for the business but did not disclose what those might be.
May 2, 2001 |
Investors are accusing Reed E. Slatkin, a co-founder of the giant Internet service provider EarthLink Inc., of operating a Ponzi scheme that may have resulted in the loss of least $35 million of their funds. Slatkin--a Santa Barbara socialite and venture capitalist--also is under investigation by the Securities and Exchange Commission for his financial activities, which allegedly included a day-trading operation that promised annual returns of up to 60%.
August 29, 2007 |
Internet service provider EarthLink Inc. said Tuesday that it would cut 900 jobs -- or nearly half its workforce -- and close four offices in an effort to reduce operating costs. The company, founded 13 years ago in Los Angeles' Los Feliz neighborhood by entrepreneur Sky Dayton, saw its shares climb 7% on the news. EarthLink continues struggling to generate revenue as dial-up access customers turn to high-speed alternatives from cable and phone companies.
May 26, 2001 |
The FBI on Friday searched the Santa Barbara home of Reed E. Slatkin, the EarthLink Inc. co-founder and private money manager under criminal investigation for investment fraud. The search at Slatkin's Hope Ranch estate came two weeks after FBI and Internal Revenue Service agents raided Slatkin's offices in Goleta and Santa Fe, N.M., hauling away boxes of documents and computers.
February 19, 2004 |
America Online Inc. and EarthLink Inc. sued people and Web firms they say sent their customers more than 285 million pieces of unwanted e-mail. Atlanta-based EarthLink claims that a group of 16 individuals and companies known as the "Alabama Spammers" sent more than 250 million pieces of illegal commercial e-mail, better known as spam. AOL, a unit of Time Warner Inc., is suing Connor Miller Software Inc.
December 25, 2000 |
Mike Lunsford got the news about 12:25 p.m., just as he was stepping onto the sidewalk in front of EarthLink Inc.'s headquarters here to cross the street. A colleague called on his cell phone and told him, "It's over!"--federal antitrust regulators had finally voted to approve America Online Inc.'s $183-billion takeover of Time Warner Inc. Lunsford wasn't sure whether to be happy, afraid, or both. He settled for being relieved.
February 21, 2006 |
EarthLink Inc. said Monday that it would offer DirecTV satellite television service in a bundled option in select markets across the United States. The Atlanta-based Internet service provider said the offer would begin by the end of the first quarter. It did not say in which markets the option would be available or offer any pricing details. Atlanta-based BellSouth Corp., the dominant local telephone provider in nine southeastern states, also has a partnership with DirecTV Inc.