Qwest cutting big allowances for top execs; Money used to pay club dues, financial counselingAugust 22nd, 2009 Qwest cutting big allowances for top executivesDENVER — Qwest Communications will no longer give five top executives tens of thousands of dollars a year to pay for expenses. Qwest spokeswoman Diane Reberger said Saturday the allowances were being eliminated to help simplify its compensation structure.
Mont. Public Service Commission leaders say Qwest should reconsider federal broadband moneyAugust 20th, 2009 Mont.: Qwest asked to reconsider Internet grantHELENA, Mont. — Public Service Commission leaders are asking Qwest to take another look at a federal grant aimed at bringing broadband Internet to underserved areas like rural Montana.
A glimpse at Wednesday's western Gulf energy lease saleAugust 19th, 2009 A look at the latest Gulf energy lease saleHere is a look at Wednesday's sale of federal offshore petroleum leases in the central Gulf of Mexico:
Total of winning bids: $115.4 million
Total amount of bids: $145.2 million
Tracts receiving bids: 162
Top 10 companies based on total of high bids submitted:
1. BP Exploration & Production Inc., 37 for $50.6 million
2.
Federal gov't won't appeal shorter sentence for ex-Qwest CEO Joe NacchioAugust 18th, 2009 Gov't won't appeal shorter sentence for NacchioDENVER — The Department of Justice will let stand a federal court decision ordering a shorter prison sentence for ex-Qwest CEO Joe Nacchio, who was sentenced to six years for insider trading. Spokeswoman Laura Sweeney said Monday that the department won't appeal the ruling by a three-judge panel of the Denver-based 10th U.S.
Department of Justice won't appeal shorter sentence for ex-Qwest CEO NacchioAugust 18th, 2009 DOJ won't appeal shorter sentence for ex-Qwest CEODENVER — The Department of Justice will let stand a federal court decision ordering a shorter prison sentence for ex-Qwest CEO Joe Nacchio, sentenced to six years for insider trading. Spokeswoman Laura Sweeney said Monday that the department won't appeal the ruling by a three-judge panel of the Denver-based 10th U.S.
Qwest Communications 2nd-quarter earnings rise 18 percent, helped by tax benefitJuly 29th, 2009 Qwest 2Q earnings rise 18 pct on tax benefitDENVER — Qwest Communications International's second-quarter earnings rose 18 percent due to a tax benefit, even as revenue continued to slide. Qwest's net income for the period was $212 million, or 12 cents per share, up from $180 million, or 10 cents per share, in the same quarter a year ago.
Qwest expected to report 2nd-quarter earnings of 10 cents per shareJuly 28th, 2009 Earnings Preview: Struggling Qwest to report 2QNEW YORK — Qwest Communications International Inc. is scheduled to report second-quarter financial results on Wednesday.
Qwest doubles top broadband speed in some cities to keep up with cableJuly 20th, 2009 Qwest doubles top broadband speed in some citiesNEW YORK — Qwest Communications International Inc. is doubling its top Internet download speeds in some areas to keep up with the offerings of cable companies.
Ex-Qwest CEO Nacchio: Prosecutors never refuted 1 of his key claims in insider-trading caseJune 9th, 2009 Nacchio: Prosecutors didn't disprove key claimDENVER — Former Qwest CEO Joseph Nacchio's lawyers say prosecutors didn't refute one of Nacchio's key claims in his Supreme Court appeal of his insider trading conviction. In a brief filed Tuesday at the Supreme Court, defense lawyers repeated their arguments that Nacchio never should have been prosecuted because the alleged insider information he is accused of having referred to internal predictions that didn't have to be publicly disclosed.
Qwest, McDonald's, DuPont, Palm, Delta Air Lines among big market movers MondayJune 8th, 2009 Qwest, McDonald's, DuPont, Palm are big moversNEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Qwest Communications International Inc., down 24 cents at $3.93
The phone company canceled the auction for its long-distance data and telephone network, saying the asset held more value than the amount it would raise in a sale. McDonald's Corp., down $1.15 at $58.72
The fast-food chain's May same-store sales rose 5.1 percent, but U.S.
4 groups file legal briefs in Supreme Court in support of ex-Qwest CEO Nacchio's appealApril 29th, 2009 4 groups supporting ex-Qwest CEO Nacchio's appealDENVER — Four groups have filed friend-of-the-court briefs supporting former Qwest CEO Joseph Nacchio's appeal to the Supreme Court of his insider trading conviction. The National Association of Criminal Defense Lawyers and the New York Council of Defense Lawyers filed a joint brief and the Washington Legal Foundation and the U.S.
Qwest Communications International is sticking to its earnings projection for the yearApril 29th, 2009 Qwest Communications sticks to earnings projectionNEW YORK — Qwest Communications International Inc. is sticking to its earnings projection for the year.
Qwest Communications 1Q earnings rise 37 percent after cost cutsApril 29th, 2009 Qwest 1Q earnings rise 37 pct after cost cutsNEW YORK — First-quarter earnings at Qwest Communications International Inc. rose 37 percent, as the phone company was helped by cost-cutting and a lower tax rate.
Qwest affirms 2009 earnings, free cash flow forecastsApril 29th, 2009 Qwest keeps 2009 earnings forecastNEW YORK — Qwest Communications International Inc. is sticking to its earnings projection for the year.
Trustee says 3 new bids are made for Bernard Madoff's securities-trading operationApril 23rd, 2009 Trustee: 3 new bids arrive for Madoff's businessNEW YORK — A trustee says three new bids have been made for the securities-trading operation once run by fallen financier Bernard Madoff (MAY'-dawf). Trustee Irving Picard announced Wednesday the bids for the legitimate market-making business had been made to compete with one from Castor Pollux Securities.
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