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BUSINESS
September 19, 2001 | Bloomberg News
Nippon Telegraph & Telephone Corp.'s Verio Inc. unit, which runs Internet sites for businesses, will trim its U.S. work force of more than 3,000 by 25% in a bid to pare costs and stem losses. The Englewood, Colo.-based subsidiary of Japan's NTT will consolidate some offices and data centers. Verio didn't disclose the locations of the offices to be closed. NTT paid $5.5 billion last year for Verio as part of a push to create a global Internet service for corporate clients.
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BUSINESS
September 1, 2000
America Online Inc. said it will acquire privately held Quack.com, one of several companies that specializes in telephone access to the Internet. Terms weren't disclosed, but Bid.com, an investor in Quack, said it received $24 million in AOL stock from its initial $1-million investment. . . . NTT Communications, a unit of Japan's former state monopoly NTT Corp., said it completed its tender offer for U.S. Internet service provider Verio Inc. for $5.5 billion, after the U.S.
BUSINESS
September 1, 2000
America Online Inc. said it will acquire privately held Quack.com, one of several companies that specializes in telephone access to the Internet. Terms weren't disclosed, but Bid.com, an investor in Quack, said it received $24 million in AOL stock from its initial $1-million investment. . . . NTT Communications, a unit of Japan's former state monopoly NTT Corp., said it completed its tender offer for U.S. Internet service provider Verio Inc. for $5.5 billion, after the U.S.
BUSINESS
September 19, 2001 | Bloomberg News
Nippon Telegraph & Telephone Corp.'s Verio Inc. unit, which runs Internet sites for businesses, will trim its U.S. work force of more than 3,000 by 25% in a bid to pare costs and stem losses. The Englewood, Colo.-based subsidiary of Japan's NTT will consolidate some offices and data centers. Verio didn't disclose the locations of the offices to be closed. NTT paid $5.5 billion last year for Verio as part of a push to create a global Internet service for corporate clients.
BUSINESS
May 8, 2000 | From Bloomberg News
NTT Communications Corp., the international and long-distance unit of NTT Corp., on Sunday said it will buy all the shares it doesn't already own in Verio Inc., the world's largest operator of Web sites, for $5 billion in cash. The NTT unit, which already owns 10% of the U.S. company, will pay $60 a share, 69% more than its closing price in New York on Friday. NTT Communications will make the tender offer on May 17, the company said.
BUSINESS
August 24, 2000 | From Reuters
President Clinton has decided to allow Japan's NTT Communications to buy U.S. Internet service provider Verio Inc., the White House announced Wednesday, saying the proposed deal would not threaten U.S. national security. The $5.5-billion deal attracted intense scrutiny by Washington because of worries that it might expose the United States to foreign espionage by giving Japan's state-controlled NTT access to U.S. wiretapping activities.
BUSINESS
March 13, 1998
A Colorado Internet services company said Thursday that it has consolidated 30 local and regional affiliates nationwide, including two Orange County operations that it melded into one and now calls Verio Southern California. Verio Inc. said the consolidations are aimed at improving the company's presence in each of the 33 U.S. markets it serves.
BUSINESS
June 11, 1998 | P.J. Huffstutter
Verio Southern California in Irvine will begin offering high-speed Internet service to small- and medium-size businesses in Los Angeles this week, and plans to roll out the service in Orange County in July. The Internet company, which is working with NorthPoint Communications Inc. of Irvine, will sell customers variations of digital subscriber line--or DSL--service.
BUSINESS
May 19, 1999 | Jonathan Gaw
As part of its expanded push into electronic commerce, IBM Corp. tapped Santa Monica-based IMall Inc. and First Data Corp. to provide an all-in-one package for small and medium-sized businesses to sell over the Internet. The deal combines IBM's Web site creation, maintenance and hosting services with First Data's credit card processing and merchant account establishment services and IMall's transaction services. It gives IMall an important stream of clients.
BUSINESS
August 24, 2000 | From Reuters
President Clinton has decided to allow Japan's NTT Communications to buy U.S. Internet service provider Verio Inc., the White House announced Wednesday, saying the proposed deal would not threaten U.S. national security. The $5.5-billion deal attracted intense scrutiny by Washington because of worries that it might expose the United States to foreign espionage by giving Japan's state-controlled NTT access to U.S. wiretapping activities.
BUSINESS
May 8, 2000 | From Bloomberg News
NTT Communications Corp., the international and long-distance unit of NTT Corp., on Sunday said it will buy all the shares it doesn't already own in Verio Inc., the world's largest operator of Web sites, for $5 billion in cash. The NTT unit, which already owns 10% of the U.S. company, will pay $60 a share, 69% more than its closing price in New York on Friday. NTT Communications will make the tender offer on May 17, the company said.
BUSINESS
July 31, 2000
* Information technology services company Computer Sciences Corp. is slated to report higher fiscal first-quarter earnings per share today of 57 cents versus 50 cents a year ago. * Major health companies Aetna Inc. and Humana Inc. are expected to report lower second-quarter earnings of 88 cents and 11 cents, respectively, on Friday, while Foundation Health Systems and PacifiCare Health Systems are forecast to report higher results Tuesday of 31 cents and $1.90 per share, respectively.
BUSINESS
March 2, 2001 | From Bloomberg News
EBay Inc., the world's largest Internet auctioneer, and Bidder's Edge Inc. have agreed to settle lawsuits about accessing and copying information from Web sites. EBay said the settlement prohibits Bidder's Edge from combing its site for material and that Burlington, Mass.-based Bidder's Edge agreed to pay an undisclosed amount of money, said Jay Monahan, EBay's intellectual property attorney.
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