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cerberus

Trekkies conquer contest to name Pluto moons

Earlier this month, astronomer Mark Showalter and the SETI Institute asked the Internet to help name two Plutonian moons. The results are in after 450,324 votes from around the world on the Web site Pluto Rocks.

Pending authorization from the International Astronomical Union, the new names for Pluto's smallest moons -- currently called P4 and P5 -- could end up changing to Cerberus and Vulcan.… Read more

AT&T sheds directories, advertising business

AT&T is getting rid of its advertising and directories business for $750 million in cash, the company said today.

The Dallas-based telecommunications giant is offloading the assets to Cerberus Capital Management but will retain a 47 percent stake in the new YP Holdings venture created from the deal. It also gets a $200 million note from Cerberus, a private investment firm based in New York.

AT&T is following in the other telecoms' footsteps in ditching assets outside of its core focus of wireline and wireless services. Rival Verizon long ago sold its directories business because it … Read more