Contributor Reportscisco to pay $2.9 bn for starent
Posted by: atuoo
Bel Air North :: MD :: USA | updated Sat Oct 17 14:53:51 -0700 2009 | business-news
Cisco have seem to make it's biggest bet yet that the demand for data transmiited to mobile devices will continue to soar in addition to agreeing to pay $2.9bn in cash for the the business STARENT networks.the deal continues a...
ReachMarriott Reports Third-Quarter Loss
Source: Washington Post
Bethesda :: MD :: USA | updated Thu Oct 08 13:11:53 -0700 2009 | business-news
The company reported a loss of $466 million, or $1.31 a share, compared with a profit a year ago of $94 million, or 25 cents a share. Marriott is a bellwether for the lodging industry, and its results should bode...
Lockheed Names President, COO
Source: Washington Post
Bethesda :: MD :: USA | updated Thu Oct 15 19:51:00 -0700 2009 | business-news
Kubasik, 48, will oversee from the newly created position the Bethesda company's four divisions: aerospace, information systems, missile defense, and space and commercial satellites...Stevens, 58, said he will remain in his role and has no plans to retire soon.
Dose of good news boosts Glaxo
Source: Guardian Unlimited
Gaithersburg :: MD :: USA | updated Tue Oct 06 06:56:58 -0700 2009 | business-news
In a burst of activity Glaxo has announced that a US Food and Drug Administration panel has supported the company's experimental kidney cancer drug Votrient. This was followed by news that Glaxo had won 22 more government orders for its...
Black Friday kicks off holiday shopping
Source: United Press International
Rockville :: MD :: USA | updated Fri Nov 27 08:46:27 -0800 2009 | business-news
Shopping on Black Friday this year was predicted to be up, but any spending momentum may not last through this holiday shopping season, analysts said. Consulting firm Accenture predicted about 52 percent of consumers -- up from 42 percent in...
Windstream profit, revenue miss estimates
Source: International Business Times
Bethesda :: MD :: USA | updated Mon Nov 09 11:48:23 -0800 2009 | business-news
Windstream Corp on Monday posted a deeper than expected fall in quarterly profit and revenue, even as the telephone operator reported the lowest number of customer disconnections since its formation in 2006. Windstream's profit fell 24 percent to $80 million...
Suburban man accused of running Ponzi scheme
Source: Chicago Tribune
Carney :: MD :: USA | updated Wed Oct 14 21:15:03 -0700 2009 | business-news
At his home office in Elk Grove Village, Kevin Carney would sit in front of six computers buzzing with stock information, according to his clients. The investment guru never looked for investors; they came to him, learning of his unique...
Pulitzer winner Nan Robertson dies at 83
Source: United Press International
Rockville :: MD :: USA | updated Thu Oct 15 06:00:36 -0700 2009 | business-news
Nan Robertson, a Pulitzer Prize-winning journalist who wrote a landmark book on gender discrimination, has died of heart disease...Robertson died Tuesday at Collingswood Nursing and Rehabilitation Center in Rockville, Md., The Washington Post reported.
Sinclair Broadcasting boosts outlook on 3Q revenue
Source: Baltimore Sun
Baltimore :: MD :: USA | updated Tue Oct 13 14:24:18 -0700 2009 | business-news
Sinclair Broadcast Group Inc. expects its third quarter net broadcast revenue to be better than anticipated, the Hunt Valley -based broadcaster said Tuesday. On Aug. 5, Sinclair said it expected revenues for the three months ended Sept. 30 to be...
Aegon UK forced to admit pensions blunder
Source: The independent
Essex :: MD :: USA | updated Thu Oct 08 16:33:36 -0700 2009 | business-news
Thousands of retired people with pensions from life insurer Aegon UK have been told they may have funds worth a quarter less than they had thought. They are the victims of a systems error at the Edinburgh-based company which meant...
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