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BUSINESS
June 19, 1996 | Times Staff and Wire Reports
Southern New England Telecom Joins Americast: The company said it has agreed to join other utilities and entertainment companies as a partner in the service being introduced into certain U.S. markets to provide traditional entertainment, video-on-demand, home shopping and other services. Los Angeles-based Americast said the partnership with New Haven, Conn.-based Southern New England expands its reach into the heavily populated northeast. Ameritech Corp., BellSouth Corp., GTE Corp.
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BUSINESS
September 3, 1998 | Associated Press
SBC Communications Inc.'s proposed $4-billion purchase of Connecticut's local phone company won approval from state regulators on condition that SBC maintain staffing levels in the state. Southern New England Telephone employs about 9,000 people. Regulators rejected calls by the state's attorney general to make the merger contingent upon rate reductions. The stock-swap deal still needs approval from the Federal Communications Commission.
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BUSINESS
September 3, 1998 | Associated Press
SBC Communications Inc.'s proposed $4-billion purchase of Connecticut's local phone company won approval from state regulators on condition that SBC maintain staffing levels in the state. Southern New England Telephone employs about 9,000 people. Regulators rejected calls by the state's attorney general to make the merger contingent upon rate reductions. The stock-swap deal still needs approval from the Federal Communications Commission.
BUSINESS
August 24, 1998
Southern New England Telecommunications Corp. said 6,300 workers, or 68% of its work force, walked off the job at Connecticut's largest phone company as contract talks with the Communications Workers of America broke down. . . . Meanwhile, the CWA resumed negotiations with US West after a federal mediator ordered the two sides to do so. About 34,000 US West workers have been on strike since Aug. 16 after contract talks broke down.
BUSINESS
August 24, 1998
Southern New England Telecommunications Corp. said 6,300 workers, or 68% of its work force, walked off the job at Connecticut's largest phone company as contract talks with the Communications Workers of America broke down. . . . Meanwhile, the CWA resumed negotiations with US West after a federal mediator ordered the two sides to do so. About 34,000 US West workers have been on strike since Aug. 16 after contract talks broke down.
NEWS
May 11, 1998 | TOM PETRUNO and KAREN KAPLAN, TIMES STAFF WRITERS
In a blockbuster deal certain to raise new questions about the mega-merger activity that is sweeping corporate America, telephone giant SBC Communications Inc. is poised to acquire fellow Baby Bell company Ameritech Corp., sources said Sunday. Such a deal, expected to be valued at between $55 billion and $60 billion, would leave just four of the original seven Baby Bell companies created by the breakup of AT&T Corp. in 1984, and could signal a speed-up of the U.S.
BUSINESS
December 29, 1992
Highlights of Monday's market activity, compiled from Times staff and wire reports: * After languishing most of the day in the minus column, blue chip stocks ended modestly higher on a last-minute burst of buying. The broader market was mixed. * The dollar rocketed in thin trading, as investors sought a "safe haven" currency amid escalating tensions between the United States and Iraq. However, the flight to quality didn't help bonds: Yields on most Treasury issues inched up.
BUSINESS
June 19, 1996 | Times Staff and Wire Reports
Southern New England Telecom Joins Americast: The company said it has agreed to join other utilities and entertainment companies as a partner in the service being introduced into certain U.S. markets to provide traditional entertainment, video-on-demand, home shopping and other services. Los Angeles-based Americast said the partnership with New Haven, Conn.-based Southern New England expands its reach into the heavily populated northeast. Ameritech Corp., BellSouth Corp., GTE Corp.
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