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BUSINESS
November 3, 2009 | Times Wire Reports
AUTOMOBILES GM gets OK to buy some Delphi assets General Motors Co. said it has received permission to use $2.8 billion of its government aid to help buy part of troubled auto parts supplier Delphi Corp., the automaker's former parts division. The automaker said in a Securities and Exchange Commission filing that the Treasury Department granted the release of $1.7 billion to acquire "a membership interest" in the new Delphi that emerged from bankruptcy protection.
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BUSINESS
June 19, 2003 | From Bloomberg News
EchoStar Communications Corp., the second-largest U.S. satellite-television provider, sued News Corp.'s NDS Group, claiming sabotage of its security technology. EchoStar claims that NDS employees hacked into its systems and illegally deciphered coding for the "smart cards" that give customers access to programming. The suit, similar to one brought against NDS last year by Canal Plus Technologies, alleges conspiracy, misappropriation of trade secrets and racketeering.
BUSINESS
January 10, 2002 | From Bloomberg News
Metro-Goldwyn-Mayer Inc., owner of a library with more than 14,000 movies and television shows, is in talks with EchoStar Communications Corp. to start an MGM-branded channel on the Dish satellite TV service. "We are now in discussions with EchoStar about that very subject, on putting an MGM channel on their platform," Chief Executive Alex Yemenidjian said at an investor conference in Scottsdale, Ariz.
BUSINESS
November 15, 2000 | Bloomberg News
EchoStar Communications Corp. said Tuesday that its third-quarter loss widened because acquisition costs rose as the company signed up more customers for its satellite-television service. The news didn't sit well with investors, who pushed EchoStar shares down $4.06, or 10%, to $36.13 in Nasdaq trading Tuesday. The No. 2 satellite broadcaster's loss widened to $130.9 million, or 28 cents a share, from $124.4 million, or 28 cents, in the year-earlier period.
BUSINESS
November 10, 2007 | From Times Wire Services
EchoStar Communications Corp., the second-largest U.S. satellite television service, said third-quarter profit gained 43%. Sales missed analysts' estimates as new subscribers fell short of projections. Net income rose to $199.7 million, or 44 cents a share, from $139.6 million, or 31 cents, a year earlier, the Englewood, Colo.-based operator of the Dish TV service said. Sales increased 13% to $2.79 billion, missing the $2.81-billion average of analysts' estimates compiled by Bloomberg.
BUSINESS
August 11, 2007 | From Times Staff and Wire Reports
Satellite television provider EchoStar Communications Corp. said it won a victory in a patent dispute. EchoStar, operator of Dish Network, said it won $90,000 in court costs after a Texas judge denied Forgent Network Inc.'s motion for a new trial. Forgent filed a federal lawsuit against EchoStar and more than a dozen other firms in July 2005 over its digital video recorder playback technology patent.
BUSINESS
August 23, 2006 | From Dow Jones/the Associated Press
EchoStar Communications Corp. failed to get an emergency stay from the U.S. Supreme Court on an order barring EchoStar's Dish satellite service from transmitting the signals of network stations to customers outside the stations' home markets. The appeal, which Englewood, Colo.-based EchoStar had filed to try to freeze an 11th Circuit injunction, was rejected by Justice Clarence Thomas.
BUSINESS
January 11, 2008 | From Times Wire Reports
EchoStar Holding Corp. said Dean Olmstead, a recognized leader in the satellite industry, would join the company as president of satellite services. Olmstead will report to Charles W. Ergen, chairman and chief executive of EchoStar Holding, which was recently spun off from EchoStar Communications Corp., owner of the Dish Network satellite TV service. The new company holds certain satellites, uplink and satellite transmission assets and the digital set-top box formerly held by EchoStar Communications.
BUSINESS
April 30, 2004 | From Associated Press
EchoStar Communications Corp. and Turner Broadcasting Systems Inc. reached a tentative deal on a new contract, sparing Dish satellite TV customers the possibility of losing CNN, the Cartoon Network and other channels. The announcement ended months of negotiations between the two companies over programming fees, and came a little more than a month after EchoStar and Viacom Inc. settled a similar conflict.
BUSINESS
January 17, 2004 | From Bloomberg News
EchoStar Communications Corp., the second-largest U.S. satellite-television service, won a court order Friday preventing Viacom Inc. from withholding its CBS and other networks from EchoStar customers during a contract dispute. U.S.
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