Advertisement
YOU ARE HERE: LAT HomeCollectionsStarmedia Networks Inc
IN THE NEWS

Starmedia Networks Inc

FEATURED ARTICLES
BUSINESS
September 14, 2000 | Bloomberg News
StarMedia Networks Inc., the first Latin American Internet company to sell shares to the public, fired 15% of its employees under a plan to turn a profit by the end of next year. The New York-based company said it will take a charge of $2 million to $4 million in its third quarter to account for the costs of streamlining its business. The company said the moves will save between $15 million and $20 million next year.
ARTICLES BY DATE
BUSINESS
October 31, 2000 | From Reuters and Bloomberg News
Verizon Communications, the No. 1 U.S. local telephone company, said Monday that third-quarter profit was flat, in line with Wall Street expectations, while an 18-day labor strike cut revenue growth to 7.2%. Verizon, the company formed by the merger of Bell Atlantic Corp. and GTE Corp., reported operating earnings of $2 billion, or 73 cents a share, compared with $2 billion, or 72 cents a share, a year ago.
Advertisement
BUSINESS
April 12, 2000 | From Bloomberg News
PanAmSat Corp., the largest commercial-satellite operator, said its first-quarter profit soared by 86% to $56.6 million, or 38 cents a share, well beyond the 19 cents analysts were expecting, as it sold more video, Internet and data services. The results sent shares in Greenwich, Conn.-based PanAmSat up $4.31, or 10%, to close at $49.75, on Nasdaq. PanAmSat, which is 81%-owned by General Motors Corp.'s Hughes Electronics unit, said revenue climbed 55% to $299.1 million.
BUSINESS
September 14, 2000 | Bloomberg News
StarMedia Networks Inc., the first Latin American Internet company to sell shares to the public, fired 15% of its employees under a plan to turn a profit by the end of next year. The New York-based company said it will take a charge of $2 million to $4 million in its third quarter to account for the costs of streamlining its business. The company said the moves will save between $15 million and $20 million next year.
BUSINESS
October 31, 2000 | From Reuters and Bloomberg News
Verizon Communications, the No. 1 U.S. local telephone company, said Monday that third-quarter profit was flat, in line with Wall Street expectations, while an 18-day labor strike cut revenue growth to 7.2%. Verizon, the company formed by the merger of Bell Atlantic Corp. and GTE Corp., reported operating earnings of $2 billion, or 73 cents a share, compared with $2 billion, or 72 cents a share, a year ago.
BUSINESS
April 12, 2000 | From Bloomberg News
PanAmSat Corp., the largest commercial-satellite operator, said its first-quarter profit soared by 86% to $56.6 million, or 38 cents a share, well beyond the 19 cents analysts were expecting, as it sold more video, Internet and data services. The results sent shares in Greenwich, Conn.-based PanAmSat up $4.31, or 10%, to close at $49.75, on Nasdaq. PanAmSat, which is 81%-owned by General Motors Corp.'s Hughes Electronics unit, said revenue climbed 55% to $299.1 million.
Los Angeles Times Articles
|