FCC gives approval to SkyTel takeover
JACKSON, Miss. -- The Federal Communications Commission approved the purchase of paging company SkyTel Communications by telecommunications power MCI WorldCom.
Since the Department of Justice gave its blessing in July, all that now stands in the way of the merger is a vote from SkyTel shareholders, expected to take place Sept. 29.
The merger proposal calls for SkyTel shareholders to get one share of WorldCom Stock for every four shares of SkyTel.
Shares of MCI WorldCom closed Friday at $78.50, and SkyTel shares were unchanged at $20 on the Nasdaq Stock Market, valuing the deal at about $1.2 billion.
First Union fires 6 over e-mail
CHARLOTTE, N.C. -- First Union Corp. says it has fired seven employees within the past week for sending pornographic e-mail.
The Charlotte Observer reported Friday that employees at the University Research Park office circulated e-mail that included videos of people having sex and other material of a sexual nature.
The company stumbled onto the e-mail when the volume of messages became so heavy it slowed down a server.
Agency recalls trays, toys
WASHINGTON -- The Consumer Product Safety Commission recalled 100,000 activity trays and toy nets -- the Stroller Snack and Activity Trays, Bathtime Activity Trays and Bathtime Toy Netting -- sold by Graco Children's Products and Children on the Go.
The commission said children can easily detach the suction cups and choke on them.
The recalled items were sold nationwide at discount, department and toy stores from January 1998 until this month for $10 to $15 each. Consumers should call (800) 446-1366 to receive a free repair kit that will permanently attach the suction cups to the trays.