Το 12 Αυγούστου 1999 ήταν Πέμπτη κάτω από το σύμβολο του αστεριού του ♌. Ήταν η 223 ημέρα του χρόνου. Πρόεδρος των Ηνωμένων Πολιτειών ήταν ο William J. (Bill) Clinton.
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Date: 12 August 1999
By Andrew Ross Sorkin
Andrew Sorkin
British Sky Broadcasting PLC, Europe's second-largest pay-television company, reports loss of $9 million for its fourth quarter as it tried to attract new customers; company, 40 percent owned by News Corp, says it gained 1.2 million subscribers for Sky Digital service (S)
Date: 12 August 1999
By Saul Hansell
Saul Hansell
Group of big media and technology companies agrees to back BET Holdings, which operates several black-oriented cable television stations, in establishing elaborate Internet service aimed at black Americans; BET has raised $35 million for project from Microsoft Corp, USA Networks, News Corp and AT&T's Liberty Media unit, which is minority owner of BET; service, which is known as BET.Com, is scheduled to be introduced Nov 1 and will replace company's existing joint venture with Microsoft, MSBET; BET venture will compete with several existing sites aimed at blacks, all of which are backed by major media companies; largest is Blackvoices.com, offering of Tribune Co (M)
Date: 13 August 1999
By Bloomberg News
Bloomberg News
Potomac Electric Power Co acquired 21 natural-gas distribution networks last month from municipal governments in Netherlands for $724 million in cash, further expanding in Europe's deregulating energy markets; Potomac agreed to lease back systems to municipalities for 25 years (S)
Date: 12 August 1999
By Bloomberg News
Bloomberg News
Microsoft Corp is offering MSN Internet access at 40 percent discount to its regular price through Costco Companies, leading chain of warehouse-club stores, as fees for online services continue to fall; three months of service are being offered at $35.97, or $11.99 a month, compared with MSN's regular fee of $19.95 a month; Microsoft is moving to cut Internet access fees as it competes with America Online Inc; in recent months, Microsoft has formed partnerships with Staples Inc, Micro Center and Lan Plus Inc to offer free personal computers in exchange for MSN Internet service (S)
Date: 12 August 1999
By Bloomberg News
Bloomberg News
Oak Industries says it expects third-quarter net income to fall short of analysts' estimates, setting off 32 percent decline in its stock price; shares fall $13.25, to $27.75 (S)
Date: 13 August 1999
By Bloomberg News
Bloomberg News
Shares of Nextel Communications Inc rise more than 10 percent after company says it has received Justice Department and Federal Communications Commission approval to proceed with plans to buy radio spectrum owned by Nextwave Personal Communications Inc, which filed for Chapter 11 bankruptcy protection in June 1998 (S)
Date: 12 August 1999
By Bloomberg News
Bloomberg News
Associates First Capital Corp agrees to purchase $120 million private-label credit card portfolio from Citgo Petroleum Corp for undisclosed amount; will acquire credit card loans of Citgo and issue, process and service oil company's 1.3 million accounts (S)
Date: 13 August 1999
By Bloomberg News
Bloomberg News
Texaco Inc increases number of jobs it will cut to 2,500, or 10 percent of its work force, from 1,400 it estimated last year; most of jobs will be cut by end of September (S)
Date: 12 August 1999
By Bloomberg News
Bloomberg News
Hudson Technologies Inc, which services air-conditioners and refrigerators, closes its aerosol packaging plant in Congers, NY (S)
Date: 13 August 1999
By Bloomberg News
Bloomberg News
Krispy Kreme Doughnut Corp is considering public sale of its stock (S)