The automatic budget cuts- termed "sequestration" in Washington parlance- are slated to trim $85 billion from the federal budget between March 1 and September 31, 2013, the end of the federal fiscal year. At USAA, Pentagon Federal Credit Union, Navy Federal Credit Union and others, special arrangements are being announced for furloughed workers.
Feb 28- Cablevision Systems Corp took a $100 million hit on costs related to Superstorm Sandy and posted deeper video customer losses than expected, shedding 50,000 net subscribers in the fourth quarter.
Feb 28- Cablevision Systems Corp took a $100 million hit on costs related to Superstorm Sandy and posted deeper video customer losses than expected, shedding 50,000 net subscribers in the fourth quarter.
Feb 28- Cablevision Systems Corp took a $100 million hit on costs related to Superstorm Sandy but still posted higher quarterly net income, thanks to a $200 million payment from Dish Network Corp it received as part of a legal settlement.
Feb 28- Cablevision Systems Corp on Thursday put costs related to Superstorm Sandy at $100 million and hinted its cash flow may decrease this year as programming costs rise, news that sent its shares down 10 percent.
Feb 20- Dish Network Corp, the second-largest U.S. satellite TV company, reported a lower-than-expected quarterly profit and added fewer pay-TV subscribers than analysts had hoped.
Brian Roberts, Chairman & CEO of Comcast, discusses why he is "bullish" on recent business transactions, including buying GE's remaining 49% stake in NBCUniversal for $16.7 billion. "We've seen some early signs of turnaround and payoff for some of the investments we're making," he added. Both Comcast and GE stock were up on the announcement.
*Bain Capital had taken company private for $1.3 bln in 2008. Jan 25- Shares of Bain Capital-backed Bright Horizons Family Solutions Inc rose as much as 32 percent in their market debut on the New York Stock Exchange as investors focused on the largest U.S. child-care provider's leadership in a growing niche market.