Frontier earnings plummet 19% on intense price competition

Article Abstract:

Frontier Corp. posted a decline of 19% in its net income for the second-quarter of 1999. The company's figures generally matched what Wall Street analysts had predicted. Frontier posted net income of $37.4 million (35.1 million euros) for the quarter ending on June 30, 1999. This amount comes out to 21 cents per share. During the same period in 1998, Frontier posted $45.9 million in net income.

Comment:

Posts decline of 19% in net income for second-quarter of 1999

Sales, profits & dividends, Wired Telecommunications Carriers, Long Distance Telephone Svc, Finance, Telecommunications services industry, Telecommunications industry, Long distance telephone services, Abstract, Frontier Corp.

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U.S. judge rejects former CEO's suit against Federated

Article Abstract:

A compensation lawsuit against Federated Department Stores Inc. was withdrawn by a New York federal judge. Judge Lewis A. Kaplan said some of the charges were "patently frivolous" and "academic."

Legal issues & crime, Department Stores, Cases, Federated Department Stores Inc., FD

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Web Surfing for Wisdom

Article Abstract:

Barnes and Noble.com plans a cyber-university that will offer thousands of distance learning courses.

Services introduction, Book Stores, Information services, Booksellers, Bookstores, Barnes & Noble Inc., BKS

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