Source Pravda.Ru

Vonage Holding curtails first-quarter loss

Vonage Holding Corp., a leading provider of broadband telephone services, announced Thursday that it had significantly reduced 2008 first-quarter loss in comparison with the previous year.

The improvement resulted from reduced costs and increased subscriber’s fee.

The company’s net loss this year constituted $8.96 million, or 6 cents a share, while the previous year Vonage lost $72.3 million, or 47 cents.

Vonage’s profit jumped by 5% to $224.6 million from $195.9 million.

Vonage offers feature-rich and cost effective communication services that provide users with an experience similar to traditional telephone services. Vonage's service is sold on the web and through national retailers including Best Buy, Circuit City, WalMart and Target and is available to customers in the U.S., Canada and the United Kingdom.

Vonage stock increased by 5%, gained 9 cents to $1.97 in Thursday trades.

Russia's Ministry for Foreign Affairs is seriously concerned about the state of health of former Russian intelligence officer Sergei Skripal and his daughter Yulia. Sergei Skrypal's niece, Victoria Skripal, said that her uncle had already died.

UK wants Sergei Skripal dead

The Basmanny Court of Moscow arrested Michael Calvey, the founder of Baring Vostok investment fund, on allegations of embezzling 2.5 billion rubles from Vostochny Bank. Calvey will be held in custody until April 13

Putin informed about arrest of US investor Michael Calvey
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