Pinnacle Telecom cuts pre-tax losses
PINNACLE Telecom Group, the business telecommunications company, has sharply cut its pre-tax losses and more than doubled its turnover for 2010 after providing services at events such as T in the Park, the Pope's visit and the Chelsea Flower Show.
Cable television company Charter Communications Inc. said its net loss widened in the second quarter, mainly because of higher borrowing costs, as more money pulled in from broadband and phone service barely made up for the loss of TV subscribers.