Business Briefs



SBC voicemail subscribers to receive $15 credit\nCHICAGO -- A Cook County judge approved a settlement Friday between SBC Communications and the Citizens Utility Board that will give voicemail subscribers as much as a $15 credit on their phone bills.\nThe settlement stems from a 1999 lawsuit filed by private attorneys against the phone company. The lawsuit alleged that SBC misled voicemail customers by not disclosing all voicemail charges, CUB said.\nUnder the settlement, customers who subscribed to voicemail for a year or more would get a $15 credit on their phone bills. Customers who had voicemail for six months to a year would receive a $10 credit, and customers who had the service less than six months would receive $5.\nSBC, which did not admit any wrongdoing in the settlement, believes it complied with regulations, company spokesman Bob Dwyer said.\nWhile CUB said SBC would pay as much as $40 million in compensation in the settlement, Dwyer said the company does not know how much it will cost.\nNo mistrial in Tyco suit\nNEW YORK -- The judge in the corporate-looting trial of two former Tyco International Ltd. executives sent squabbling jurors home for the weekend Friday, declining to declare a mistrial -- at least for the moment.\n"We'll see what happens on Monday," state Supreme Court Justice Michael Obus told lawyers after sending the jury home on the seventh day of its deliberations.\nThe jurors are weighing charges against former Tyco chief executive L. Dennis Kozlowski and former chief financial officer Mark Swartz, who are accused of stealing $600 million from the conglomerate. The two allegedly took unauthorized bonuses and abused company loan programs and used the money to finance lavish lifestyles.\nThe final jury note Friday forestalled -- at least for a few days -- a mistrial and the ominous possibility of a replay of the long, tedious trial. Testimony took several months.

sh: Consumer spending increases by .2 percent\nWASHINGTON -- Consumers, a key force shaping the economic recovery, were more restrained in February, increasing their spending by only 0.2 percent.\nThe over-the-month increase reported Friday by the Commerce Department came after consumers boosted spending by 0.5 percent in January, according to revised figures. That was slightly stronger than the 0.4 percent first estimated a month ago.\nEven though the increase in spending in February fell short of the 0.5 percent rise economists were forecasting, consumers have been keeping their wallets and pocketbooks sufficiently open to move along the economy's recovery, analysts say.

Like what you're reading? Support independent, award-winning college journalism on this site. Donate here.

More

The deal with Kilroy's

Kilroy’s on Kirkwood has become a staple of IU culture as iconic as taking photos at the Sample Gates.




Comments powered by Disqus