LAKE TAHOE, Calif. - (05/18/06) Phone services and onlinetransactions to hundreds of thousands of area residents weredisrupted overnight Monday after thieves apparently cut throughhigh-speed telecommunications lines to steal copper for scrap. Theincident knocked out phone, Internet, e-mail, fax and some wirelessservices to customers from Placerville to South Lake Tahoe and tothe North Shore of Lake Tahoe, authorities said. AT&T reportedmore than 400,000 calls were lost between 8:20 pm Monday and noonTuesday, rendering thousands of businesses unable to use phones,Internet service, ATMs, and fax machines. Authorities believe theline was cut by someone looking to steal the copper from the line,which sells for $1.10 a pound as scrap metal. A similar caseoccurred last week nearby when thieves stole 1,500 feet of copperline, knocking out power to the small town of Washington and partsof Nevada City.
-
Bank-favored provisions that were included into the House's version of a bipartisan housing bill threaten to derail Senate passage, but Senate Banking Committee moderates seem skeptical of the combination.
5h ago -
The digital bank slashed its share volume and pricing the day before its public debut and following a mixed U.S. public debut for fellow Brazil fintech PicPay.
5h ago -
The Ohio bank said its 2027 earnings per share will be lower due to an accounting revision linked to its acquisition of Cadence Bank. But CEO Steve Steinour remains sold on Huntington's expansion plans, calling the Cadence deal a "home run transaction."
6h ago -
Houston developer Colony Ridge Development agreed to resolve allegations that it operated a bait-and-switch scheme targeting Hispanic immigrants that led to massive foreclosures.
7h ago -
JPMorganChase, Citi and Custodia are among the banks that have built digital asset projects on the Ethereum blockchain.
8h ago -
The district's appeals court let stand a May 2025 ruling that dismissed most of the D.C. Attorney General's claims against EarnIn in a major win for the firm and good news for fintechs looking for favorable regulatory treatment.
8h ago





