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Embarq Corp

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BUSINESS
October 28, 2008 | The Associated Press
CenturyTel Inc. on Monday said it would buy Embarq Corp., a larger fellow phone company, for stock initially valued at $5.8 billion. Analysts said the move was a harbinger of additional deals for rural phone companies, which are suffering line losses as consumers choose phone service from wireless or cable companies. The combined company will have about 8 million lines spanning 33 states, mainly in rural areas.
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BUSINESS
October 28, 2008 | The Associated Press
CenturyTel Inc. on Monday said it would buy Embarq Corp., a larger fellow phone company, for stock initially valued at $5.8 billion. Analysts said the move was a harbinger of additional deals for rural phone companies, which are suffering line losses as consumers choose phone service from wireless or cable companies. The combined company will have about 8 million lines spanning 33 states, mainly in rural areas.
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BUSINESS
December 19, 2007 | From Times Wire Services
Sprint Nextel Corp. named Dan Hesse, chairman and chief executive of wire line company Embarq Corp., its new president and CEO. Hesse, who has led Overland Park, Kan.-based Embarq since Sprint spun it off as a separate company a year and a half ago, replaces Gary Forsee, who was ousted from the nation's third-largest wireless provider in October after several quarters of falling subscriber numbers and other operational troubles.
BUSINESS
May 22, 2009 | Times Staff and Wire Reports
Western Digital Corp., a Lake Forest hard-disk drive maker whose shares have doubled this year, was picked to replace Embarq Corp. in the Standard & Poor's 500 Index. Embarq, which CenturyTel Inc. is buying, will be removed from the index on a date to be announced later, S&P said. Western Digital cut more than 2,000 jobs last year, pared executive salaries, slowed production and began selling higher-profit products to combat a global slump in technology spending.
BUSINESS
August 2, 2008 | From the Associated Press
A congressional committee wants the nation's largest telecommunications and Internet companies to explain whether they target online advertising based on consumers' search queries and Web surfing habits. In an expanding inquiry into the state of consumer privacy on the Internet, House Energy and Commerce Committee leaders sent letters Friday to more than 30 companies, demanding to know whether they track where their users go online and use that data to deliver personalized advertising.
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