AT&T is selling its Yellow Pages business to the private equity firm Cerberus Capital for $950 million and a minority stake in the new entity that will run the business.
The Dallas company says it wants to focus on its core wireless, IP and cloud-based businesses. The transaction will have a minimal effect on its earnings this year. Cerberus is paying AT&T Inc.
$750 million in cash and a $200 million note, plus a 47 percent stake in YP Holdings LLC.
The assets being sold include the print directories, websites and mobile app which generated revenue of $3.3 billion last year. It excludes the recently formed AT&T AdWorks, which sells advertising offerings across online, mobile and TV.
AP
A million Texas children remain without insurance
More than a million Texas children remain without health insurance, and those kids are not getting the care they need.
The startling condition of the state's children came into vivid focus last week with the release of the annual Kids Count survey. T
he analysis of official state and federal data by the non-partisan Center for Public Policy Priorities found that 1.2 million Texas children have neither private nor public health insurance.
Statistics show almost 40 percent of Texas mothers received little or no prenatal care and one in seven babies were born premature.
The difference between being insured and uninsured is stark: 90 percent of insured kids are healthy, while only 58 percent of kids without insurance are considered healthy. The authors hope the study will inform future state policy.
AP
Odom done playing for Mavericks
A person familiar with the decision says Lamar Odom will not play the rest of the season with the Dallas Mavericks.
Odom will not be waived though he will not play anymore this season for the defending NBA champions, according to the person who spoke Monday on condition of anonymity to The Associated Press because an official announcement had not been made by the team.
Odom told ESPN.com that he and the Mavericks decided it was "in the best interest of both parties for me to step away from the team."
Odom, the NBA's Sixth Man of the Year last season with the Los Angeles Lakers, averaged 6.6 points, 4.2 rebound and 20.5 minutes in his 50 games for Dallas. All were career lows.
AP
Bank robber turned in by mother gets prison
A 19-year-old from Garland whose mother identified him to the FBI has been sentenced to almost five years in federal prison after pleading guilty to three counts of bank robbery.
Anthony Blue, who pleaded guilty in January, was sentenced Monday. U.S. Attorney Sarah R. Saldana says Blue was sentenced by U.S. District Judge David C. Godbey to four years and 11 months in prison. Investigators say Blue held up State Bank of Texas in Garland on June 14, 2011, and then later that day robbed Community Bank in Rockwall by using the same note demanding cash.
Authorities say Blue robbed American Nation Bank in Quinlan on July 8, 2011, using a different note. His mother called the FBI after visiting a website that tracks bank robberies.
AP
Former homeless man who co-wrote best-seller dies
Denver Moore, a former Fort Worth homeless man who co-wrote the bestselling book "Same Kind of Different as Me" about his unlikely friendship with art dealer Ron Hall and their shared faith in God, has died. He was 75. Moore, who had been in ill health, was found dead at his Dallas home.
The Dallas County coroner's office said Moore died March 31. A memorial service is set for Thursday in Fort Worth. Hall told the Fort Worth Star-Telegram that Moore's death leaves "a void in my life."
They met when Hall was serving meals to the homeless with his wife, who had a dream her husband would befriend a homeless man. Following the book's release in 2006, Moore and Hall gave joint lectures across the nation.
AP
Ex-Texas FBI agent gets prison in NYC for lying
A former Texas FBI agent who was convicted of making false statements about a confidential source after having an intimate relationship with her has been sentenced in New York to a year and a day in prison. Thirty-eight-year-old Adrian Busby of El Paso was sentenced Monday.
Federal sentencing guidelines had called for more than two years in prison, but Judge Harold Baer Jr. chose half of that. He noted that Busby's marriage ended and he must care for three children with medical problems.
Last year, Busby was convicted of four counts of making false statements. Authorities said Busby had a sexual relationship with the woman in 2008 and 2009 after she became a confidential source. She had been arrested on identity theft and related charges.
AP