Financial
AT&T reduces rates for high-data plans PDF  | Print |  E-mail
Written by ANICK JESDANUN, AP Technology Writer   
Sunday, 02 February 2014 07:56

NEW YORK (AP) — AT&T is reducing cellphone rates for family plans with large amounts of data.

The new rates are available starting Sunday and apply to plans with at least 10 gigabytes of data shared by two or more phones on a single account. Savings start at $10 per phone per month. A family of four sharing 10 gigabytes will pay $160 a month combined instead of $200 under the most recent rates.

The changes represent AT&T's latest effort to get customers to pay more overall by upgrading from lower-use plans. In some cases, families will actually pay less if they upgrade. That family of four, for instance, already pays $170 monthly for a 4 gigabyte plan and $180 for 6 gigabytes. If they upgrade, they will pay just $160. But for the most part, more data means more revenue for AT&T Inc.

David Christopher, chief marketing officer for AT&T's wireless business, said the offer is designed to give families a worry-free experience as they consume more data for video and social networking.

Read more...
 
U.S. regulators close small lender in Idaho PDF  | Print |  E-mail
Written by Associated Press   
Saturday, 01 February 2014 06:32

WASHINGTON (AP) — Regulators closed a small lender in Idaho on Friday, marking the third U.S. bank failure of 2014 after 24 closures last year.

The Federal Deposit Insurance Corp. said it has taken over Syringa Bank, based in Boise, Idaho. The lender, which operated six branches, had $153.4 million in assets and $145.1 million in deposits as of Sept. 30.

Sunwest Bank, based in Irvine, Calif., has agreed to pay the FDIC a premium of 0.75 percent to assume Syringa Bank's deposits. It also agreed to buy essentially all of the failed bank's assets.

Syringa Bank's failure is expected to cost the deposit insurance fund $4.5 million.

Read more...
 
Tax on sweetened drinks floated in San Francisco PDF  | Print |  E-mail
Written by LISA LEFF, Associated Press   
Sunday, 02 February 2014 07:55

SAN FRANCISCO (AP) — San Francisco officials again are trying to improve residents' health and raise money for government coffers by taxing soda and other sweetened drinks, an effort that's previously failed to gain traction locally and in other U.S. cities.

Four city lawmakers announced Saturday that they are introducing legislation that would impose a 2 cent-per-ounce tax on soft drinks, sports drinks and energy drinks. If passed by the full 11-member Board of Supervisors, the measure would go before local voters for approval or rejection in November.

The tax would be levied on beverage distributors and retailers who obtain their products directly from manufacturers. Officials estimate it could generate as much as $31 million a year.

Under the proposal set to be introduced Tuesday, the money would have to be used to fund recreation and nutrition programs in schools and at recreation centers, public bottle-filling and drinking fountains, healthy food services and dental health initiatives.

Read more...
 
Deal struck on Detroit retiree health care PDF  | Print |  E-mail
Written by Associated Press   
Saturday, 01 February 2014 06:31

DETROIT (AP) — Bankrupt Detroit and its retirees reached an agreement in a health insurance dispute that may end a lawsuit against the city.

Retirees filed suit in November to stop the city from shifting retirees to Medicare and giving those under age 65 a $125 monthly stipend to get their own insurance.

The parties reached a deal in principle Thursday night covering benefits through the end of 2014, mediators in Detroit's bankruptcy said Friday in a statement.

Some features of the deal include the increase to $300 in the monthly stipend for retirees over age 65 who are not eligible for Medicare. The stipend for retirees under age 65 will be upped to $175 if the household income is less than $75,000 and the retiree acquires insurance under a health care exchange.

A court hearing set for next week has been canceled.

Read more...
 
<< Start < Prev 131 132 133 134 135 136 137 138 139 140 Next > End >>

Page 139 of 229