BRIEFCASE.Byline: - Staff and Wire Services Napster teams up with BellSouth ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. BEVERLY HILLS Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. - Napster announced on Monday an agreement with BellSouth to offer digital music to new BellSouth FastAccess 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 customers. The agreement marks the first time Napster has aligned with a U.S. Internet service provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. for a targeted marketing effort, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the company. Customers who sign up for FastAccess DSL can opt to receive a free three-month membership to Napster To Go, Napster's portable subscription music service, and a compatible MP3 player. As part of the package, subscribers will receive the first flash-based MP3 player compatible with portable subscription content and specifically designed to work with Napster To Go, without any necessary firmware upgrades. Reliant to settle, pay $445 million HOUSTON - Reliant Energy Inc. on Monday agreed to pay $445 million to settle lawsuits filed by investor-owned utilities that said the company attempted to pump up trade volumes and revenues in the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?" midmost of an energy crisis in Western states. The settlements with San Diego Gas & Electric, Edison International, Pacific Gas & Electric Co. and other entities calls for Reliant to pay $150 million in cash. Reliant will also waive claims to its receivables for power deliveries from Jan. 1, 2000, to June 21, 2001. Reliant, which provides electricity to retail and wholesale customers, said the settlements are still subject to approval by a federal court in Texas and regulators. The agreement comes just weeks after Reliant agreed to settle all shareholder class-action lawsuits for about $68 million. Treasury bill rates go up in auction WASHINGTON - Interest rates on short-term Treasury bills rose in Monday's auction to the highest levels in more than four years. The Treasury Department auctioned $18 billion in three-month bills at a discount rate of 3.470 percent, up from 3.460 percent last week. An additional $16 billion in six-month bills was auctioned at a discount rate of 3.705 percent, up from 3.680 percent last week. Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable-rate mortgages, rose to 3.90 percent last week from 3.84 percent the previous week. News Corp. gets new station head NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - Roger Ailes, chairman of Fox News Channel, has been named chairman of News Corp.'s group of television stations, a post recently vacated by the sudden departure last month of Lachlan Murdoch, Rupert Murdoch's eldest son. Ailes, a former Republican Party operative, has overseen the growth of Fox News Channel into the biggest cable news channel on television, overtaking rival CNN CNN or Cable News Network Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world. . The chief executive of the station group, Jack Abernethy, will report to Ailes. Crude oil prices take sharp drop NEW YORK - Oil prices fell sharply Monday as fears over refinery breakdowns eased after an uneventful weekend, though crude futures remained above $66 per barrel. Light, sweet crude for September delivery dropped 59 cents to settle at $66.28 per barrel on the New York Mercantile Exchange New York Mercantile Exchange (NYMEX) The world's largest physical commodity futures exchange. . On Friday, the contract had peaked at $67.10 before settling at $66.86, up $1.06 from Thursday's close. Gasoline fell more than 4 cents to $1.9621 per gallon, while heating oil slid about 3 1/2 cents to $1.8692 per gallon. Ailing Delta sells subsidiary carrier ATLANTA - Delta Air Lines Inc., which is struggling to avoid a bankruptcy filing amid persistently high fuel costs, said Monday that it is selling feeder carrier Atlantic Southeast Airlines For the defunct low-fare airline, see . Atlantic Southeast Airlines (ASA) is a fully certificated American airline based in Atlanta, Georgia, USA flying to 144 destinations as a Delta Connection carrier. It is a wholly owned subsidiary of SkyWest, Inc. Inc. to SkyWest Inc. for $425 million in cash. Delta, the nation's third-largest carrier, said the proceeds will be used for general corporate purposes and to pay down $100 million of debt under its loan agreement with GE Commercial Finance and other lenders. The sale, subject to regulatory review, is expected to close in September. Dow Jones report spurs sector spurt Newspaper shares rose across the board Monday after a report suggesting a possible sale of Dow Jones & Co. tapped into growing investor sentiment that newspaper stocks may be undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. . Shares of Dow Jones, which publishes The Wall Street Journal, shot up after The New York Post The New York Post is the 13th-oldest newspaper published in the United States and the oldest to have been published continually as a daily.[3] Since 1976, it has been owned by Australian-born billionaire Rupert Murdoch's News Corporation and is one of the 10 reported that younger members of the Bancroft family, which controls the company, were pushing for a sale. But by midday, Roy A. Hammer, a Dow Jones board member who serves as trustee for the Bancroft family, told Bloomberg that the family remained unified, and the stock quickly cooled. Analysts said that media shares' early gains reflected an eagerness on Wall Street for action in the relatively mature newspaper industry, where there is little growth. They said the idea that The Wall Street Journal could be up for sale sparked hope because it suggested there might be consolidation in the industry, which could mean cost savings. ``People want to believe it,'' said Lauren Rich Fine, an analyst with Merrill Lynch. ``The group hasn't performed well, and people are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. any catalyst.'' |
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