Skip banner Home   Sources   How Do I?   Site Map   What's New   Help  
Search Terms: yucca mountain and (fund! or appropriation*)
Edit Search
Document ListExpanded ListKWICFULL format currently displayed   Previous Document Document 3 of 51. Next Document

Copyright 2000 Plain Dealer Publishing Co.  
Plain Dealer (Cleveland, Ohio)

September 29, 2000 Friday, FINAL / ALL


LENGTH: 762 words



FCC considers sharing of Web connections

The Federal Communications Commission took the first step yesterday in determining whether cable companies offering superfast Web connections must allow competing Internet providers on their systems. The effort to develop a framework for regulating new Internet services comes amid the FCC's review of the proposed merger between America Online and Time Warner Inc. That deal, bringing together the nation's top Internet provider and second-largest cable system, would create a powerhouse in offering high-speed cable connections. FCC officials insisted that the merger review is independent from the agency's efforts to craft a broader policy on the issue of cable access. Yet the commission reportedly is considering requiring as a condition of merger approval that the companies permit Internet providers other than AOL on their cable systems. European antitrust officials, meanwhile, are prepared to approve the AOL-Time Warner merger if the companies call off a separate deal to bring British music powerhouse EMI Group PLC into their fold, according to sources familiar with the discussions. The European Union's merger task force wants to block the $20 billion merger of Time Warner with EMI, fearing a combination of two of the world's five biggest music companies.

- Associated Press, Washington Post


Execs indicted in $9 billion fraud scam

Two former top executives of a Georgia medical software company were indicted yesterday, accused of costing investors more than $9 billion in one of the largest financial frauds in American history. As co-presidents of HBO & Co. for most of 1998, Albert J. Bergonzi and Jay P. Gilbertson used sham deals and bad accounting to inflate the company's revenue and earnings by hundreds of millions of dollars, according to federal prosecutors in San Francisco, who announced the indictments. If convicted, the two men each face up to 10 years in jail and a $1 million fine. Lawyers for Bergonzi and Gilbertson denied the criminal charges, as well as a related civil complaint filed by the SEC. The indictment comes as the Securities and Exchange Commission steps up efforts to work more closely with federal prosecutors in cases of serious financial wrongdoing.

- New York Times


WebMD to cut 1,100 jobs

Having finally completed a series of mergers that swelled its employee ranks from 146 to around 6,000 in 18 months, WebMD now plans to eliminate around 1,100 positions, the company said yesterday. WebMD said it anticipates total annualized savings of $250 million by the fourth quarter of 2001 from the cuts. But the company said it also expects to take a restructuring charge of $35 million to $45 million in the quarter that will end tomorrow.

- New York Times


Nuclear power companies press waste issue

Nuclear power companies called on the U.S. Energy Department to fulfill obligations to store nuclear waste and said inaction could cost the department $5 billion in legal settlements with 12 utilities. "The federal government not only owes us action, it owes us money," said John Rowe, president and chief executive of Unicom Corp., the owner of Chicago's electric utility. "We must do everything we can to expedite the opening" of the Yucca Mountain site planned in Nevada, Rowe told the Senate Energy Committee. Department officials say they haven't been able to accept any of the nuclear waste because of congressional funding cuts. They are asking the Senate to reconsider a $351 million appropriations bill for 2001, saying they'll need more than $400 million to keep the waste-storage facility on schedule.

- Bloomberg News


Lenders praise results of global summit

Raging street riots strained the new spirit of cooperation, but the world's top capitalists insisted yesterday that their annual money summit built commitment to boosting the livelihoods of the world's poor. "We are trying to do a job that makes things better," said World Bank President James Wolfensohn. The World Bank and its sister lending agency, the International Monetary Fund, wrapped up official business Wednesday, one day ahead of schedule, amid victory cheers from protesters who claimed that they had derailed the meetings. The finance leaders said they finished all their business early and disputed suggestions that they had wrapped up because of the protests. Police estimate nearly 12,000 anti-globalization demonstrators clogged the streets Tuesday to chant, "Smash the IMF!"

- Associated Press


LOAD-DATE: September 30, 2000

Previous Document Document 3 of 51. Next Document
Terms & Conditions   Privacy   Copyright © 2005 LexisNexis, a division of Reed Elsevier Inc. All Rights Reserved.