"An Indian Tycoon Takes a Tumble" (Companies & Industries, Feb. 21-27, 2011)
In "An Indian Tycoon Takes a Tumble" (Companies & Industries, Feb. 21-27), we wrote that investors sold $2.6 billion worth of shares in companies controlled by India's Anil Dhirubhai Ambani Group on Feb. 8. We should have written that the market value of the group's companies fell by $2.6 billion that day. We also wrote that institutional investors have sold more than 8 million shares of Reliance Communications in the past year. We should have noted that such investors increased their holdings by 0.33 percentage points, to 17.54 percent, last year, according to company filings with the Bombay Stock Exchange. We also wrote that Reliance Infrastructure saw net profit drop 40 percent, to $36 million, for the quarter ended Dec. 31 because of falling sales, the company said. We should have specified that this excluded subsidiaries and noted that Reliance Infrastructure's group profit rose 10 percent, to 4.05 billion rupees, according to a company statement.
"Psst! Wanna Buy a Content Distributor?" (Technology, Feb. 14-20, 2011)
In "Psst! Wanna Buy a Content Distributor?" (Technology, Feb. 14-20), we described an Akamai Technologies (AKAM) service that lets e-tailers take online orders without having shoppers' credit-card numbers on file. We reported that Akamai stores the credit-card numbers on its own servers; it does not. They are stored by credit-card companies.
How to Contact Bloomberg Businessweek
Address: 731 Lexington Ave., New York, NY 10022
Fax: (212) 617-9065
Customer Service PO Box 8418, Red Oak, IA 51591-1418
Letters to the Editor can be sent by email, fax, or regular mail. They should include address, phone number(s), and email addresses if available. Connections with the subject of the letter should be disclosed, and we reserve the right to edit for sense, style, and space.