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Business for Tuesday, March 07, 2006

Phone merger, if approved,would cut at least 10,000 jobs

NEW YORK -- AT&T Inc. plans to cut up to 10,000 jobs, mostly through attrition, if its $67 billion purchase of BellSouth Corp. goes through, AT&T's chief financial officer said Monday.

Rick Steves builds travel business

EDMONDS, Wash. -- Sprinting his way through Europe each summer, as he has for the last 32 years, Rick Steves often steals lunch from breakfast, stuffing a couple of pieces of bread and some meat into his backpack.

Consumer groups vow to oppose AT&T, BellSouth merger

NEW YORK -- Several of the nation's largest consumer groups said Monday they would oppose AT&T's purchase of BellSouth Corp., arguing that the deal will reduce competition and drive up prices in the telecommunications industry.

NYSE to become publicly traded

NEW YORK -- When the New York Stock Exchange transforms into a publicly traded company Tuesday, its agenda -- staying competitive with faster all-electronic markets -- will remain in place even as its corporate structure changes.

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