BRIEFCASE.Byline: - Staff and Wire Services Oracle posts 42% quarterly profit SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden - Oracle Corp. said Monday that its quarterly profit rose 42 percent, marking the business software maker's most significant strides since embarking on a high-priced shopping spree of software makers more than a year ago. The performance didn't impress investors, who have been largely disappointed with the payoff so far. Delta asks judge to void options ATLANTA - Delta Air Lines Inc., which is operating under bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most protection, asked a judge on Monday to allow the nation's third-largest carrier to void roughly 93 million stock options held by 70,000 current and former employees and directors. The Atlanta-based company said the options, if exercised, would provide little to no real value, making the $305,000 a year it costs to maintain, account for and administer the benefit an unnecessary burden on Delta. Short-term rates for T-bills mixed WASHINGTON - Interest rates on short-term Treasury bills were mixed in Monday's auction with three-month bills rising to the highest level in five years while the rate on six-month bills dipped slightly. The Treasury Department auctioned $20 billion in three-month bills at a discount rate of 4.545 percent, up from 4.510 percent last week. An additional $17 billion in six-month bills was auctioned at a discount rate of 4.610 percent, down from 4.645 percent. Separately, the Federal Reserve said the average yield for one-year Treasury bills, a popular index for making changes in adjustable-rate mortgages Adjustable-rate mortgage (ARM) A mortgage that features predetermined adjustments of the loan interest rate at regular intervals based on an established index. The interest rate is adjusted at each interval to a rate equivalent to the index value plus a predetermined spread, or , dipped to 4.76 percent last week from 4.77 percent. FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. is easing Verizon charges WASHINGTON - The government is easing regulations on what Verizon Communications
Verizon Communications, Inc. Inc. can charge business customers for its high-speed broadband data services. The Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. is allowing Verizon to exempt its broadband data services provided to large enterprise and wholesale customers, including wireless and long-distance phone companies, from rules regarding tariff tariff, tax on imported and, more rarely, exported goods. It is also called a customs duty. Tariffs may be distinguished from other taxes in that their predominant purpose is not financial but economic—not to increase a nation's revenue but to protect domestic filings and pricing requirements. |
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