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August 8, 2008 - Road Wings (Other OTC:RDWG.PK) President Travis Grimmett stated today, "OneFi technology is coming to Las Vegas in the coming days." He went on to say, "I will personally be in attendance for the installation at our office building, as it will serve as a demonstration site for the various accounts and casinos that have indicated an interest in the OneFi WiMax technology." According to Grimmett, "Several large casinos have expressed a keen interest for their properties upgrading to the one fi advanced technology for their guests." The standard network allows for 802.11b-g, but the OneFi Technology network design incorporates WiMax 801.16e signal which will go as far as twenty miles. Also, OneFi Technology uses 802.11b-g and n to allow last mile user access. OneFi will also be installing its IPTV in beta format in Jamaica with users on a new technical platform. Many residences in Jamaica only have had access to traditional landline access because of pricing or lack of accessibility in the Island Nation.
August 8, 2008 - Verizon's voice mail service in California will be unavailable for a short period early Sunday (Aug. 10) when technicians upgrade the system's software.
Work on the system will begin at 12:01 a.m. Sunday and will last between 45 minutes to 3 hours. During that time, callers will be unable to leave messages, and California voice mail subscribers (about 700,000 customers) will not be able to access their mailboxes. Normal telephone and Internet services will not be affected.
"We apologize for any inconvenience caused by this upgrade, which we will complete as quickly as possible," said Margaret Serjak, vice president of operations for Verizon's West Coast region. "We thank our customers for their patience as we make improvements needed to ensure continued reliable voice mail service."
August 8, 2008 - RCN Corporation (NASDAQ: RCNI), a leading provider of digital television, data, and voice services to residential, business and commercial/carrier customers, announced today that it is a sponsor of Summer Streets 2008, which takes place for three consecutive Saturdays in August (August 9, 16, & 23) from 7:00 am - 1:00 pm.
RCN will be sponsoring several rest tents (at 16 Park Ave. on 35 St and Lt. Petrosino Park, near Kenmare and Spring Sts), handing out giveaways and offering opportunities to participate in a raffle.
Summer Streets takes a valuable public space - New York City's streets - and opens them up to people to play, walk, bike, and breathe. It provides more space for healthy recreation and is a part of NYC's greening initiative by encouraging New Yorkers to use more sustainable forms of transportation. The route will connect the Brooklyn Bridge with Central Park and there will be recommended connections to the Hudson River Greenway, allowing participants to plan a route as long or short as they wish.
August 8, 2008 - An innovative partnership between two Midwestern-based entities - Sprint (NYSE:S) and Kansas City Power & Light (KCP&L) - is setting an example of how businesses can join forces and leverage their commitments to a clean environment through renewable energy. This unique alliance involves KCP&L's Spearville, Kan., Wind Energy Facility, which provides the majority of power to Sprint's 200-acre Overland Park, Kan, campus, along with other Kansas communities. It will be showcased both in the United States and internationally on an Aug. 9 episode of a Responsible Business Television series, which will be aired at 8 p.m. CT/9 p.m. ET on *CNBC World. Within a week after the episode airs, it will be available online on sprint.com's newsroom and on YouTube.
The CNBC World story also features other ways that KCP&L is working with Sprint and other businesses to focus on renewable energy and energy efficiency, including online energy-analyzer tools, as well as rebates for energy audits.
The Responsible Television series is produced in conjunction with the UN Global Compact and the United Nations Environment Program (UNEP).
Responsible Business Television highlights global corporations that are advancing the principles of the UN Global Compact and developing business-driven solutions to some of the greatest challenges facing our world today.
Market Wrap for August 8, 2008 - Stocks concluded the week's final session on a strong note. The major indices each advanced more than 2% to close near their session highs. In turn, the Dow, Nasdaq, and S&P 500 finished the week up by 3.6%, 4.5%, and 2.9%, respectively.
Oil finished the week more than 8% lower, though is still up 20% year-to-date.
Helping trim oil prices was strength in the U.S. dollar. The dollar index advanced 1.8%.
In corporate news, Merrill Lynch (MER 26.87, +0.77) is planning to repurchase auction rate securities from its clients. Bank of America (BAC 32.25, +0.73) disclosed certain class actions have been filed against it alleging violations connected with the sale of auction rate securities.
Battered bond insurer MBIA (MBI 8.57, +0.29) also made gains after announcing this morning a surprising second quarter profit of $0.96 per share, excluding extraordinary items. The company also announced the resumption of its share buyback plan.
Though the financial sector was able to finish 3.5% higher, not every component fared so well. Hard hit mortgage giant Fannie Mae (FNM 9.05, -0.90) unveiled a wider-than-expected loss earlier today and further disappointed investors by slashing its quarterly dividend to $0.05 from a $0.25.
In the end, only the energy sector (-0.6%) finished the session with a loss. It concluded the week 4% lower. DJ30 +302.89 NASDAQ +58.37 NQ100 +2.5% R2K +2.9% SP400 +2.2% SP500 +30.25 NASDAQ Adv/Vol/Dec 1999/2.21 bln/806 NYSE Adv/Vol/Dec 2369/1.24 bln/777
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