Dow down 186 points Aug 18, 2009
Three other companies Qwest Communications International, Ascent Solar Technologies Inc. and The Spectranetics Corp. saw their stock price unchanged Monday. The day s biggest decliner was Apollo Gold. (Denver Business Journal, CO)
Court orders shorter sentence for Nacchio Aug 1, 2009
Prosecutors alleged he sold $52 million in Qwest Communications International stock based on nonpublic information that the Denver-based telecommunications company was at risk. advertisement. (MSNBC -- Business)
Sunkist losing legal battle with ex-Strathmore packer Aug 1, 2009
Prosecutors alleged he sold $52 million in Qwest Communications International stock based on nonpublic information that the Denver-based telecommunications company was at risk. The 5th District Court of Appeal in Fresno has upheld a multimillion dollar judgment for a former citrus packinghouse owner in his long-running battle against Sunkist Growers. (Fresno Bee -- Business)
Nacchio May Get Term Cut Aug 1, 2009
Joseph Nacchio, the former chief executive officer of Qwest Communications International Inc. serving a six-year prison term for insider trading, won a federal appeals court ruling that may reduce his sentence. The Denver-based appeals court yesterday agreed with Nacchio's arguments that a trial judge incorrectly calculated his gains from stock sales, and sent the case back to the lower court to determine a new prison term. (New York Post -- Business)
The latest Colorado earnings Jul 31, 2009
-- July 29: Qwest Communications International Inc. posted an 18 percent jump in second quarter profit despite lower revenue from phone lines as the Denver telecom reduced costs. -- July 29: Health-care giant HCA Inc. -- co-owner of Denver's HCA-HealthONE hospital system -- reported second-quarter net income of $282 million, up from $141 million in the same quarter of 2008. (Denver Business Journal, CO)
The week's big biz stories Jul 25, 2009
Qwest Communications International Inc. is intensifying the Internet speed wars by offering 40 megabits-per-second download speed in parts of Denver, Colorado Springs, Minneapolis-St. Paul, Tucson and Salt Lake City. (Denver Business Journal, CO)
Rural telephone battlefield: David vs. Goliath Jul 11, 2009
The defendants, some of which have settled or paid their bills with the local companies, are AT, Sprint Communications Co., Verizon Business Services and Qwest Communications International Inc.. According to court documents, Sancom settled out of court with Verizon but seeks 5. (Sioux City Journal)
Most Active Stocks Jul 5, 2009
Qwest Communications International Inc. $4. (USA Today -- Money)
Dow gains 57 points Jul 2, 2009
20; and Qwest Communications International Inc. (Q), down 3. 61 percent to $4. (Denver Business Journal, CO)
Broadcasters creditors in Chapter 11 case Jun 30, 2009
Its clients have included Qwest Communications International Inc. of Denver. Reader Comments. (Denver Business Journal, CO)
The following is an investment opinion release issued by Pennystockchaser.com Jun 28, 2009
Also News Release (U-Q) Qwest Communications International Inc ... Qwest Communications International Inc (NYSE:) up 5% trading at $0. (PR Newswire)
Utilities Return To Natural Gas On Lower Price, Coal Concerns Jun 26, 2009
TELECOM Qwest, ATizon win pact Three telecom companies, Qwest Communications International, ATVerizon, were awarded a 10-year gov't telecommunications contract worth $48 bil. The contract winners beat out Sprint Nextel. (Investors Business Daily)
U.S. Judge Gives Final OK for Qwest Suit Settlement May 30, 2009
DENVER (Reuters) -- A U.S. judge has given final approval to $695 million in settlements to shareholders suing Qwest Communications International Inc for securities fraud. Shareholders, predominantly pension funds, filed numerous class action lawsuits beginning 2001 when multibillion dollar accounting discrepancies began surfacing. (ABC News -- Wire)
Judge OKs settlement with 2 ex-Qwest executives May 30, 2009
An order signed Wednesday approves a $45 million settlement of claims against former Qwest Communications International Inc. CEO Joe Nacchio and former Chief Financial Officer Robert Woodruff. The order makes effective an earlier $400 million settlement with Denver-based Qwest. (Concord Monitor)
Kidney-care giant DaVita moving executives to Denver May 28, 2009
Colorado currently is home to 11 companies on the latest Fortune 500 list, led by Qwest Communications International Inc. at No. 197. The list ranks publicly traded companies. (Denver Business Journal, CO)
Big Changes In Small Markets May 25, 2009
2008: Bresnan is awarded the state of Montana data transport contract, modernizing and expanding the states data-transport capabilities (previously provided by Qwest Communications International). Bresnan Serves Local Needs. (Multichannel News)
I am amazed that Comcast goes the extra mile to pay for this kind of talent but... May 13, 2009
Werner has formerly been CTO at AT&T Broadband, Qwest Communications International, Tele-Communications Inc. and equipment manufacturer Aurora Networks. He is widely acknowledged as a clear and thorough communicator, with strong technical and financial bearings. (Multichannel News)
Integra Telecom aims for smaller firms May 12, 2009
Qwest Communications International Inc. recently re-filed a petition for forbearance. Under the 1996 Telecommunications Act, incumbent telecom providers such as Qwest are limited to charging wholesale rates to competitors that use the companies equipment to provide services. (Phoenix Business Journal, AZ)
Dow loses a few after big runup May 6, 2009
Qwest Communications International Inc. (Q) Up 14. 62 percent (62 cents) to $4. (Denver Business Journal, CO)
Nationwide hires new lead ad agency May 5, 2009
McKinney s clients include the NASDAQ Stock Market, Nike Inc. (NYSE:NKE), Sherwin-Williams Co. (NYSE:SHW), Qwest Communications International Inc. (NYSE:Q) and Travelocity. com LP along with Virgin Mobile USA Inc. (NYSE:VM) and Virgin Atlantic Airways Ltd.. (Columbus Business First, OH)
Novel Bid To Block Gambling May 2, 2009
AT and Qwest Communications International Inc., which were among the companies that received the request, said they were reviewing it. Comcast Corp., the nation's largest cable ISP, had no immediate comment. (San Francisco Chronicle -- Technology)
Caz Matthews wins Womens Chamber Athena Award May 2, 2009
Matthews has served on several boards, including Qwest Communications International Inc., the Denver Metro Chamber of Commerce, Metro Denver Economic Development Corp., Downtown Denver Partnership, Colorado Association of Health Plans and the Colorado Association of Commerce and Industry. This year s finalists for the Athena award were Cathy Hart, VP/corporate services, corporate secretary and chief compliance officer, Xcel Energy; Tensie Homan, managing partner, KPMG LLP; Sharon Linhart,... (Denver Business Journal, CO)
Minnesota seeks INTERNET/ISP gambling block... Apr 30, 2009
AT&T Inc. and Qwest Communications International Inc., which were among the companies that received the request, said they were reviewing it. Comcast Corp., the nation's largest cable ISP, had no immediate comment. (The Drudge Report)
Minnesota asks ISPs to block gambing sites Apr 30, 2009
Comcast and Qwest Communications International, which also received requests, had no immediate comment. John Palfrey, co-director of the Berkman Center for Internet & Society at Harvard University, said the idea of forcing Internet service providers to filter sites almost has been abandoned because it works so poorly. (USA Today -- Tech)
Colliers to help lease Fifth Street Towers Apr 29, 2009
The vacancy level rose last year when Qwest Communications International Inc. s lease expired for floors four through 12, emptying about 200,000 square feet. sblack@bizjournals. (Twin Cities Business Journal, MN)
Defense lawyers' groups back ex-Qwest CEO's appeal Apr 28, 2009
Qwest Communications International Inc. is based in Denver and provides service to Wyoming and other western states. Article Rating. (Casper Star-Tribune, WY)
Letter: Unbridled capitalism is seed that sprouted our economic crisis (April 16) Apr 16, 2009
Those millionaires who got sweet deals before the general public knew about them, e.g., the former CEO of Qwest Communications International, Joseph Nacchio, recently convicted of insider trading. Only tough regulation and high estate taxes will inhibit the wealthy from setting up a plutocracy to shape society to their own advantage to the detriment of others. (Corvallis Gazette Times, OR)
An appointment with prison Apr 14, 2009
The Denver Business Journal has been covering the case of the former Qwest Communications International CEO from the beginning. Here are key DBJ reports on Nacchio's path to prison. (Denver Business Journal, CO)
Qwest sees 1st-qtr sales missing Street Apr 8, 2009
DENVER Qwest Communications International Inc. said Tuesday it expects its first-quarter earnings before interest, taxes, depreciation and amortization to top Wall Street expectations, but sales will likely fall below estimates. Qwest did not provide specific earnings or sales figures. (Atlanta Journal-Constitution -- Business)
Ex-Qwest CEO Nacchio Ordered to Prison April 14 Apr 8, 2009
Prosecutors alleged Nacchio sold $52 million in Qwest Communications International Inc. stock in 2001 knowing the company's future earnings were substantially at risk but did not tell investors. Nacchio's lead appeals attorney, Maureen Mahoney, was out of the office Tuesday and was not available for comment. (ABC News -- Wire)
IBM-Sun merger could cost jobs Apr 4, 2009
Denver-based Qwest Communications International Inc. (NYSE: Q) cut 1,200 jobs in the final three months of 2008, many of them local. Reader Comments. (Denver Business Journal, CO)
Nacchio Freed Indefinitely; Seeks High Court Review Mar 21, 2009
DENVER (Reuters) - A judge in Denver on Friday set aside her previous order that former Qwest Communications International Chief Executive Joseph Nacchio report to prison on Monday after his attorneys petitioned the U.S. Supreme Court to overturn his 2007 insider trading conviction. U.S. District Judge Marcia Krieger said she will decide at a later date when Nacchio must report to begin serving his six-year sentence at a minimum-security prison camp in Pennsylvania. (ABC News -- Wire)
Broadband Hits the Brakes Mar 15, 2009
The 20 providers in LRG's study were: Comcast, Time Warner Cable, AT&T, Verizon, Cox Communications, Charter Communications, Cablevision Systems, Qwest Communications International, Mediacom, Communications Insight Communications, Cable One, RCN, Bright House Networks, Suddenlink, Embarq, Windstream, CenturyTel, Frontier, FairPoint and Cincinnati Bell. Broadband's Top 10 Top U.S. providers' high-speed Internet customers, in thousands. (Multichannel News)
XplosiveStocks.com: SGP, TEVA, SBUX, MO, Q, NLY Hot Stock Alerts! Mar 14, 2009
Today's hot alerts include: Schering-Plough Corp. (NYSE:), Teva Pharmaceutical Industries Ltd. (NASDAQ:), Starbucks Corp. (NASDAQ: ), Altria Group, Inc. (NYSE:), Qwest Communications International, Inc. (NYSE:), and Annaly Capital Management, Inc. (NYSE:). XplosiveStocks. (PR Newswire)
Comcast Now No. 3 Home Phone Provider Mar 12, 2009
Qwest Communications International, the third-largest telco, ended the year with 5. 961 million primary consumer lines. (Multichannel News)
Former Qwest CEO Nacchio seeking new trial Mar 7, 2009
Prosecutors alleged Nacchio sold $52 million worth of stock at a time when he knew Denver-based Qwest Communications International Inc. was at risk. Mahoney, citing Szeliga's testimony, insisted that "the magnitude of 'risk' that the prosecution pressed before the jury and Tenth Circuit was flat wrong.". (Muscatine Journal, IO)
Nacchio Requests Bail Pending Supreme Court Review Mar 7, 2009
DENVER/LOS ANGELES (Reuters) - Former Qwest Communications International Inc Chief Executive Joseph Nacchio on Friday asked a U.S. court to let him stay free on bail while he appeals his insider trading conviction, just over two weeks before the day he is set to report to prison. In a court filing to the 10th U.S. Circuit Court of Appeals, Nacchio's attorneys said they planned to petition the U.S. Supreme Court to review the case within three weeks. (ABC News -- Wire)
Qwest's Nacchio Seeks Retrial on New Evidence Mar 6, 2009
LOS ANGELES (Reuters) - Former Qwest Communications International Inc Chief Executive Joseph Nacchio, in a last-ditch bid to avoid going to prison, asked on Thursday for a new trial on insider trading charges, citing newly discovered evidence. Nacchio was ordered to report on March 23 to a minimum security prison in Pennsylvania after his conviction on 19 counts of insider trading was reinstated by a federal appeals court last week. (ABC News -- Wire)
Nacchio Ordered to Report to Prison March 23 Mar 5, 2009
Federal prosecutors alleged Nacchio sold $52 million worth of stock at a time when he knew Denver-based Qwest Communications International Inc. was at risk while other investors did not. A three-judge panel of the 10th U.S. Circuit Court of Appeals overturned the conviction in a 2-1 ruling, saying the trial judge improperly barred a defense expert from testifying. (ABC News -- Wire)
Verizon fights rules for VoIP but faces resistance Mar 4, 2009
Those companies, Verizon and Qwest Communications International Inc. among them, still rely primarily on the standard phone network for most calls. That network is subject to state oversight, which sets service standards and guides pricing. (OregonLive, OR -- Business)
Post to stand pat on ad rates Feb 27, 2009
Nicholas Sweers, vice president of corporate communications for Denver-based Qwest Communications International Inc. (NYSE: Q), declined comment about how a significant increase in ad rates at the Post would affect Qwest s advertising in the newspaper. Qwest is one local company that has long diversified its ad dollars, advertising in newspapers, online and via direct mail. (Denver Business Journal, CO)
SEC's Civil Lawsuit Still Awaits Nacchio Feb 26, 2009
Meanwhile, a civil complaint brought by the Securities and Exchange Commission against Nacchio and other former Qwest Communications International Inc. employees in 2005 is still pending. The SEC alleges that Nacchio and four others orchestrated a financial fraud that forced the Denver-based telecommunications company to restate $2. (ABC News -- Wire)
Experts: Nacchio Appeal Not a Certainty Feb 26, 2009
Nacchio was found guilty April 19, 2007, amid an accounting scandal that nearly sank Qwest Communications International Inc.. Jurors convicted him of 19 counts of insider trading by concluding he sold Qwest stock but didn't tell investors the Denver-based telecommunications company was at financial risk. (ABC News -- Wire)
Nacchio Conviction Reinstated; Appeal Expected Feb 26, 2009
Federal prosecutors alleged Nacchio sold $52 million worth of stock at a time when he knew Denver-based Qwest Communications International Inc. was at risk while other investors did not. He was sentenced to six years in prison, but he has remained free during his appeal. (ABC News -- Wire)
Skepticism over rural broadband stimulus Feb 20, 2009
Larry Sarjeant, vice president of legislative affairs at Qwest Communications International Inc., said the Denver-based phone company could use $3 billion to expand Internet access to 2 million households and small businesses in 14 Western states, many of them thinly populated. Because Qwest is unlikely to get that large a share of the funds, and the number of households that sign up for service will be smaller still, the net effect would be at most a few hundred thousand new Internet... (MSNBC -- Technology)
U.S. Appeals Court Denies NCTA Challenge To Privacy Rule Feb 14, 2009
Verizon Communications and Qwest Communications International joined the appeal as intervenors. "We are disappointed with the ruling," NCTA vice president of communications Brian Dietz said. (Multichannel News)
Recession rages, results slump Feb 11, 2009
Feb. 10: Qwest Communications International Inc. reported a 49. 5 percent slide in its fourth-quarter profits, but the telecom still beat some Wall Street analysts predictions, the result of cost cutting in the face of a dropoff of its traditional phone-service business. (Denver Business Journal, CO)
Qwest profit falls 49%, beats expectations Feb 11, 2009
By Peter Svensson, AP Technology Writer NEW YORK Fourth-quarter earnings fell 49% at Qwest Communications International from a year ago, mainly due to tax effects, while cost-cutting helped its underlying performance beat Wall Street expectations. The Denver-based phone company on Tuesday said it earned $185 million, or 11 cents a share, in the October-December period, down from $366 million, or 20 cents a share, a year ago. (USA Today -- Money)
Qwest profit falls 49 pct in 4Q Feb 11, 2009
Fourth-quarter earnings fell 49 percent at Qwest Communications International Inc. from a year ago, mainly due to tax effects, while cost-cutting helped its underlying performance beat Wall Street expectations. Get Quote. (San Francisco Chronicle -- Technology)
Major stock indexes plunge Feb 11, 2009
Denver-based Qwest Communications International Inc. said it earned $185 million, or 11 cents a share, in the final three months of last year, a drop from $366 million, or 20 cents a share, in the same period a year earlier. The company cut 1,700 jobs during the quarter. (Insight on the News)
Manulife reports on fourth quarter, Thursday Feb 8, 2009
Qwest Communications International Inc. reports. Fourth-quarter share profit of 10 cents is expected, down from 14 cents a year ago. (Globe and Mail -- Business)
SkySong structure takes shape Feb 8, 2009
Qwest Communications International Inc. will move some operations into about 12,500 square feet in the second building by September. Employees will include program managers, system engineers and others who support Qwest's services to ASU, Qwest spokesman Mark Molzen said. (AZCentral -- Business)
Business Events Scheduled for the Coming Week Feb 7, 2009
DENVER Qwest Communications International Inc. releases fourth-quarter financial results. WEDNESDAY, Feb. 11. (ABC News -- Wire)
