BRIEFCASE DIRECTV LAWSUITS TO BE DISMISSED.Byline: - Staff and Wire Services
DirecTV and a British firm plan to drop their dueling contract and trade- secrets lawsuits later this year because the companies soon will be half-siblings under a deal now under regulatory review.
El Segundo-based DirecTV filed a federal lawsuit against British NDS See eDirectory.
NDS - Netware Directory Services in December, and NDS countersued.
But in a joint announcement Tuesday, the companies said they agreed to a stay of their lawsuits, pending the closing of News Corp.'s 34 percent acquisition of Hughes Electronics Corp. News Corp. is the parent of NDS, and Hughes is DirecTV's parent.
The deal is expected to close by the end of the year, when the lawsuits will be dismissed, the companies stated.
Advocacy group changing name
The Los Angeles-based Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, Regional Purchasing Councils, the region's largest nonprofit minority business advocacy organization, announced a name change Tuesday.
The group will now be known as the Southern California Minority Business Development Council.
The organization, established in 1975, serves 1,300 minority business enterprises and 300 corporate members in 13 counties.
Health Net shares fall despite rating
WOODLAND HILLS - Shares of Health Net lost more than 8 percent of their value Tuesday, a day after the company's quarterly results beat analysts' expectations.
Health Net fell $2.80 to close at $30.40 Tuesday on the New York Stock Exchange New York Stock Exchange (NYSE)
World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. .
Analyst William McKeever said he still has a ``buy'' rating on the stock, attributing Tuesday's lackluster performance to general weakness in the managed-care sector.
Internet customers like AT&T dial-up
WESTLAKE VILLAGE - AT&T Worldnet ranked highest in overall customer satisfaction among dial-up providers, while EarthLink was at the top among high-speed providers, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. a survey released Tuesday.
According to the J.D. Power and Associates study, AT&T Worldnet got top scores on four of the seven factors that contribute to overall satisfaction among dial-up providers: performance and reliability, image, billing, and offerings and promotions.
The remaining factors are cost of service, e-mail services See Internet e-mail service. and customer service.
The study, now in its sixth year, also found that dial-up Internet subscribers who would switch to high-speed access would most likely choose to upgrade to DSL DSL
in full Digital Subscriber Line
Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary service over cable modem cable modem
Modem used to convert analog data signals to digital form and vise versa, for transmission or receipt over cable television lines, especially for connecting to the Internet. if both were available in their areas.
The study finds residential Internet subscriptions continue to grow, with 64 percent of households subscribing to either dial-up or high-speed service See broadband. - up 7 percent over 2002.