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AT&T profits shoot up 42 percent; Morgan Stanley settles bias suit

COMPILED FROM WIRE REPORTSWednesday, October 24, 2007 TELECOMMUNICATIONS AT&T profit jumps 42 percent after purchase of BellSouth SAN ANTONIO — Catapulted by its acquisition of BellSouth Corp., AT&T Inc. reported that third-quarter profit shot up 42 percent from a year earlier to $3.1 billion.


Countrywide to offer refinancing to borrowers in trouble

LOS ANGELES — Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday that it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans with interest rates set to adjust by the end of 2008.


LANDSLIDE IN WAYNESVILLE, NORTH CAROLINA THREATENS PROPERTY OWNERS

The Hunters Crossing Landslide...It's Still Moving. After the massive 15 county slope failures of September 2004, the North Carolina Geological Survey began a landslide mapping program for the western region of the state.


Federal regulators appear to be averting lawmakers' request for formal Intel antitrust probe

WASHINGTON — Federal regulators appear to be resisting starting a formal investigation into possible anti-competitive practices by semiconductor giant Intel Corp. despite requests from members of Congress and corporate rivals. For years, chip maker Advanced Micro Devices Inc.


DEA chief quits, heads to Motorola

WASHINGTON — Drug Enforcement Administration chief Karen Tandy said Monday that she is resigning, ending her four-year tenure as the first woman to hold the post. Tandy told employees that she was leaving to take a job as a senior vice president of Motorola Inc.


Texas Instruments sees third-quarter earnings rise 11 percent; Bear Stearns Cos. and China's government-controlled Citic Securities Co. agreed to invest $1 billion in each other and combine some opera

COMPILED FROM STAFF AND WIRE REPORTSTuesday, October 23, 2007 CHIP MAKERS Texas Instruments revenue rises 11%, beating expectations DALLAS — Texas Instruments Inc.


Apple's fourth-quarter profit jump 67 percent

For a company that dropped the word "computer" from its name, Apple Inc. is selling a lot of them. Helped by sales of Mac computers, Apple's fourth-quarter profit jumped 67 percent, topping analysts' estimates.


Austin company sells inexpensive software that allows people to create stop-action videos

In the YouTube era, almost any Web-connected computer user with a little imagination and the right video software can take the first tentative steps toward becoming an online Steven Spielberg. Austin-based Honestech Inc. will supply the software. Customers must furnish their own imaginations.


Dell to sell PCs, printers at Staples stores

Dell Inc. will begin selling computers and printers at 1,400 Staples stores throughout the United States, giving the computer maker a presence in a second major U.S. retail chain as the holiday shopping season approaches. Beginning Nov.


Microsoft agrees to sell code to rivals

BERLIN — With its legal options running out, Microsoft Corp.


What this couple really needs to retire

Q: I am nearly 51 years old. I plan to retire between 55 and 60. A realistic age for me to retire probably would be 58 or 59. I have $263,000 in my 401(k). My wife has $109,000 in her SEP account. We have a house that is worth $190,000 with no mortgage. We also have $270,000 in taxable savings.


ArthroCare reports higher profit and sales

AMERICAN-STATESMAN STAFFTuesday, October 23, 2007 Austin-based ArthroCare Corp. said it had higher profit and sales for the third quarter. On Monday, the medical device company reported net income of $11.1 million, or 39 cents a share, in the quarter that ended Sept.


Time Warner Cable at odds with NFL Network

In the rough-and-tumble world of pro football, the match-ups don't get much tougher than this — Jerry Jones, the flamboyant owner of the Dallas Cowboys, versus Time Warner Cable, by far the largest cable TV operator in Texas.


IBM to offer chips that speed up wireless video transfer

IBM Corp. plans to announce today that it is teaming up with a Taiwanese company to develop and sell ultrafast microprocessor chipsets that can wirelessly transmit high-definition video between computers, televisions and other devices in a fraction of the time it takes today.


HelioVolt Corp. has gets another $24 million in private investment; Bandspeed is becoming a full-fledged WiFi systems provider

Monday, October 22, 2007 PLUGGED IN energy HelioVolt gets a boost from investors, raising $24 million Austin's HelioVolt Corp. has attracted $24 million in private investment as it gets ready to build a factory to make advanced solar power panels using thin films of advanced materials.


A hed right here and here and right herey

The developers of a lightweight, low-cost computer for schoolchildren in developing countries say the machine has achieved an industry leadership position.


Six hours, $30 and boom, you've got a new Internet service

SEATTLE — Brian Dorsey set out on a mission this month: develop and launch an Internet service in less than six hours. The 33-year-old Seattle software developer wasn't looking to set a Guinness World Record.


Clickwise: Companies mining Web traffic for consumer information

We are what we click. In an age in which everything from friendships to financial planning has moved online, the pulse of pop culture, the ups and downs of the housing market, even the subjects of fifth-grade homework assignments can be measured by tallying search terms and mouse clicks.


Austin-area home sales dive 22 percent

Reflecting the national housing slump, sales of existing homes in Central Texas fell 22 percent in September, and the number of homes on the market hit a four-year high.


Citywide Wi-Fi: down but not out

SAN FRANCISCO — By now, we were supposed to be well on our way to a Wi-Fi world. For several years, cities from Atlanta to San Francisco have been working on ways to make cheap — even free — wireless Internet service available to all their residents.


FCC debate on media rules could stall $8.2 billion Tribune deal

WASHINGTON — The $8.2 billion deal to take the Tribune Co. private has become entangled in a newly inflamed debate over media ownership rules at the Federal Communications Commission.


Hollywood Magic Castle could go for $70 million

LOS ANGELES — One step inside Hollywood's Magic Castle, and the honking cars and dense foot traffic of tourists visiting the nearby Walk of Fame disappear. If you utter "open sesame,'' the foyer bookshelf moves silently, allowing entry to the dark, musty rooms of this 1908 Edwardian manor.


Are you getting your money's worth from investment fees?

SPECIAL TO THE AMERICAN-STATESMANSunday, October 21, 2007 Today, ask this question about the financial services you receive: How much is that in dollars? The answer can be unnerving. A percentage charge such as 1 percent or 2 percent of assets seems reasonable.


Austin Ventures changes its playbook

Five years ago, Austin Ventures general partner Ken DeAngelis sized up the California venture capital firms that had swarmed into town and made a prediction: "We're the battleship with a lot of other speedboats around nipping at us.


McMansions, Chinese style: $5 million for miniature Versailles, complete with maids

BEIJING — On a tour of the model homes in Palais De Fortune, sales manager Cai Siyu points out features one might expect in any French-style chateau.







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