El Paso Herald-Post from El Paso, Texas • 11

Aril Business EL PASO HERALD-POST Friday August 2 1996 VIHalObOS FROM PAGE A-10 Phones from page a-io Caparis now says "It's good for the city to have a broadcast EL PASO ORTHOPAEDIC SURGERY GROUP and 1 Center for Sports Medicine OFFICE dustry issued calamitous warnings about the financial impact that strict regulations would have on the industry The trouble was shareholders sometimes took these warnings at face val- IS PLEASED TO ANNOUNCE HOURS MON THU 1-5 TOE WED FRI DOCTORS AVAILABLE 24 HOURS 7 DAYS AWEEK company of the stature of Cox to Pome into the marketplace rood to have a national player like that come in" He expects the 26 employees now on staff to be secure in their jobs and has no doubt that as a newscast is added the staff will double In its rules the FCC stipulated in elaborate detail how the Bells and other local providers must open their networks to competition It also established a rlnge of discounts that local companies must offer to longdistance companies who want to offer local service by leasing capacity on the Bells' networks rather than constructing their own systems ue On July 15 for example Bell-cted that if the South Crap predicted Eric Sides MD General Orthopaedics with a special Interest la Injuries to the hand The dosing will take iriacerin WILL BE JOINING THE GROUP ON AUGUST 1 1996 FCC were to reduce access charges it would slash the revenues of the local phone industry by $10 billion to $12 billion a year The shares of BellSouth and other Bell companies promptly swooned and the next day BellSouth retracted much of its statement Washington where the Communications Commission has already granted its approval One thing for sure: The little UHF station sure has grown and done well for: its owners It moved from-the small building that formerly was a church on Stanton Street to Coronado Towers and became a Fox network affiliate along the way' Cox Broadcasting reportedly paid Muldarrig and Caparia $21 million for the station 533-7465 appointment line 534-5288 'In a victory for the local phone companies however the FCC ignored the pleas of longdistance carriers to tackle the ie-sSe pf access charges -r- the fees that Bell companies charge and other carriers to com- their long-distance calls sommission has said it into reform access charges but Thursday it deferred the issue to a proceeding in the fell To some extent in recent Dean Smith MD Robert Bell MJX John Jackson DO Jos A Alicea MJ) Erie Sides MJX Wellington Pindar JX Barry King Jr MJX Charles Zaltx MD James Boons MJX John Dickasoo MD Antonio A GtuacUi MJX James Bean MJX Johan Penninck MJX Jacob Heydemaan MJX 1700 Marchison Scenic Point Medical Center A spokesman for BellSouth said Thursday that the company had merely received new information from the FCC But executives at other Bell companies were angry because they felt that BellSouth had been over-sealous in its effort to keep access charges out of the current proceeding Michael Boone MJX Michael Mrochek MJ) the aggressive lobbying 01 the Bells aggravated their coir ublished on Fridaye Robbie umn is pub Eastsida Location at 10420-A Montwood Send your thoughts to Comment El Paso Herald-Post PO Box wjes on Wall Street In hopes of winning sympathy from the FCC rule makers the local phone in- SO El Paso TX 79999 KwycOn' Paso Horald-Post In Brief Moody's says Mexican recovery lagging 'Moods credit rating agency expressed serious concerns Thursday i deep-seated structural problems of Mexican banks saying a wiH lag behind what will be a sluggish about the deep-seated structural recovery of the banking sector overall improvement in the Mexican economy In its annual rei Mexican banks Moody's said: of credit health of Mexican banking is likely to be an extended and painful process' The structural plbblema still being faced include the banks' hjfevy requirements to make provisions for a npes and though capital Bausch Lomb to settle fraud claims vBausch Lomb has agreed to pay contact lens wearers as much as $8 million in cash and products to settle claims it cheated them As mhny as 15 million buyers of the company's disposable lenses could receive payments ranging from a few dollars to as much as $100 each under the agreement a plaintiffs lawyer said Thursday A clasa-action case filed in 1994 claimed the company sold the same product under four different brand names at widely varying prices defrauding some customers who paid more in the belief they were getting different lenses GE slapped with antitrust lawsuit jhe Justice Department charged General Electric Co with restric competition to fix nigMech medical equipment and driving hospital costs substantially higher In a civil antitrust lawsuit filed Thursday the government said the company would let more than 500 hospitals use its servio-tyg software only if they agreed not to fix machines at other hospitals and doctor offices The GE practice 'affected every state in the nation' and its effect been to raise the oust of service to other hosoitats said Deputy Assistant Attorney General Joel Klein of the department's antitrust division to 5 -n tt 4 Airlines cutting fares as much as 40 FRI SAT SUM airlines reported strong summer bookings despite recent air di- but the carriers aren't taking any chances Hoping to bor to boost ness in the off-peak fan season just after Labor Day slashing fares on upcoming domestic and international nights by as much as 40 percent Industry experts on Thursday called the reductions this time of year beg oral flights by typical fori Antitrust champion says leave Bingaman the most aggressive chief antibust enforcer in more than 15 years announced plans to leave the government this fall to'iietum to the private sector In a brief letter to Attorney General Janet Rftio Bingaman said Thursday she would step down as assistant attorney general in charge of the antitrust division no later than Nov 15 purely personal reasons' She thanked Reno for the chance to serve am) for her support for the 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