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Cisco just posting its worst revenue decline in five years. And gdp in the Second Quarter did not go at all. The compass the economies of both germany and france actually shrank. U. S. Markets are waking up. You are with that european news. We are joined by Bloomberg Economist david howell. The numbers for germany, france, both worse than excited. Itd take the markets by surprise . Yeah. Both of those numbers were less than expected, so they took the markets by surprise. The moral of the story is the drag on growth came from weakness because of the unusually mild winter in europe having advanced construction activity, which kind of stole away from the Second Quarter. The other is the drag from that export, which is partially linked to the situation in Eastern Europ ....
Frontier Communication’s headquarters on the Kanawha River in Charleston. (Photo by Steven Allen Adams) CHARLESTON West Virginia became the 12th state to accept the bankruptcy reorganization plan from Frontier Communications, even though lawmakers still have concerns whether Frontier can live up to its promises to expand broadband service across the state. The state Public Service Commission released two orders Friday: one accepting a proposed settlement agreement between Frontier, PSC attorneys, the PSC’s Consumer Advocate Division and the Communication Workers of America union and the other accepting the results from a long-anticipated focused management audit of the company. The two orders impose strict conditions on Frontier to improve its copper-line phone and internet services, as well as expand its fiber broadband internet service. Under the joint stipulation agreement approved by the PSC, Frontier agreed to spend $200 million on capital improvements by De ....
Frontier Communication’s headquarters on the Kanawha River in Charleston. (Photo by Steven Allen Adams) West Virginia became the 12th state to accept the bankruptcy reorganization plan from Frontier Communications, even though lawmakers still have concerns whether Frontier can live up to its promises to expand broadband service across the state. The state Public Service Commission released two orders Friday: one accepting a proposed settlement agreement between Frontier, PSC attorneys, the PSC’s Consumer Advocate Division and the Communication Workers of America union and the other accepting the results from a long-anticipated focused management audit of the company. The two orders impose strict conditions on Frontier to improve its copper-line phone and internet services, as well as expand its fiber broadband internet service. Under the joint stipulation agreement approved by the PSC, Frontier agreed to spend $200 million on capital improvements by Dec. 31, 2023, ....
Posted on 542 Frontier Communications Corporation (OTC: FTRCQ) (“Frontier Communications”) announced today that it has secured approval from the Federal Communications Commission (FCC) for its Chapter 11 restructuring. Frontier now has regulatory approvals, or favorable determinations, for its required change-in-control applications related to its court-supervised restructuring from the FCC and 13 states: Arizona, Georgia, Illinois, Minnesota, Mississippi, Nebraska, Nevada, New York, Ohio, South Carolina, Texas, Utah and Virginia. Frontier expects to promptly consummate the transactions contemplated under its previously confirmed Plan of Reorganization and emerge from Chapter 11 in early 2021. Upon emergence, Frontier will have reduced its total outstanding indebtedness by more than $10 billion and will move forward with enhanced financial flexibility to support continued investment in an improved custom ....