Newspaper article St Louis Post-Dispatch (MO)

Morning Briefing

Newspaper article St Louis Post-Dispatch (MO)

Morning Briefing

Article excerpt

Applied Materials Scraps 800 Jobs In Computer Chip Slump

In the latest sign of a slowdown in the semiconductor business, Applied Materials Inc. said Tuesday that it will reduce its work force by more than 800 employees, or about 7 percent.

The company, the biggest maker of equipment to build computer chips, also said it would discontinue nearly 900 temporary and contractor positions. Executives and board members will take a 10 percent cut in pay.

Applied Materials also announced third-quarter earnings: a 21 percent gain in profit, 24 percent increase in sales, but a 7 percent drop in orders.

Associated Press

GTE Opens Long-Distance Service In Missouri

GTE Corp. switched on long-distance telephone service in Missouri Tuesday, offering discounts to home and commercial customers throughout the state.

The service offers a 10 percent discount to home telephone customers who spend $10 on long-distance, and a 25 percent discount to those who spend $25 or more. Similar savings are available to business customers with additional discounts available for a limited time.

GTE says its rates are about 20 cents a minute at peak hours and 10 cents a minute in off-peak hours. Missouri is the 16th state to get GTE's long-distance service. Post-Dispatch

Brooks Fiber Wins Arizona Phone Contract

Brooks Fiber Properties has become the first company authorized to provide local telephone service in competition with established carriers in Arizona.

By the end of the year, Brooks will offer switched services in Tucson, where it will compete with US West. Brooks will offer dial tone, 800 and 900 numbers, high-speed data lines, video transmission, direct connections between businesses and long-distance companies and connections between a company's computer networks in different locations. Post-Dispatch

Florida Chain Opens New 150-Room Hotel Here

Extended Stay America Inc. …

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