Qwest Posts Third-Quarter Loss on Charge
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Qwest Communications International Inc. reported a third quarter loss on Thursday, partly due to lower revenues and to a charge related to litigation reserves.
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The chipmaker Advanced Micro Devices posted its third consecutive quarterly loss after cutting prices to compete with Intel.
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MCI Inc. Thursday reported a loss of $3.4 billion during its third quarter, reflecting its recent decision to write down the value of its telecommunications network. -The Washington Post
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The company said its net loss in the fiscal third quarter ended Dec. 1 was $84.8 million, or 12 cents a share, compared with a net profit of $1.1 million.
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Qwest agreed to pay $250 million Thursday to settle allegations that the telecommunications company falsified the books by at least $3.
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AT&T Corp. T.N, the No. 3 U.S.  telephone company, on Thursday reported a $7.1 billion  third-quarter loss due to $12.5 billion in charges for cutting  asset values and jobs after its retreat from consumer services.
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WASHINGTON (CBS.MW) -- Qwest Communications International&#39;s third-quarter loss narrowed as the phone carrier slowed the decline in its sales, the company reported Thursday.
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Qwest Communications International  Inc. Q.N has agreed to pay $250 million to settle financial  and disclosure fraud charges, a source familiar with the matter  said on Friday.
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Qwest Communications International Inc. (QN: Quote, Profile, Research) , the No. 4 US local telephone company, on Thursday reported a third-quarter loss as it settled
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Sprint Corp. FON.N on Tuesday  reported a wider third-quarter loss due to a $3.5 billion  writedown in the value of its long-distance business.
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DENVER -- Qwest Communications International Inc. on Tuesday reported a jump in third-quarter net income due to a $2.15 billion tax benefit and said overall revenue dipped because of a 19 percent drop in traditional wholesale services.
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Telecommunications firm MCI Inc. on Thursday posted a hefty third-quarter loss, saddled by costs from writing down the value of its network as the reorganized telecom faces intensifying industry competition.
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DENVER - Qwest Communications International Inc. lost $569 million in the third quarter, in part because of a $250 million charge that included higher reserves for potential liability from investigations and securities actions, the company said Thursday.
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WASHINGTON, DC--Qwest Communications, the No. 4 US local telephone company, reported a third-quarter loss on Thursday due to a decline in revenue and having settled charges with US regulators.
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Sprint Corp. (FON.N: Quote, Profile, Research) on Tuesday reported a larger third-quarter loss due to a $3.5 billion write-down in the value of its long-distance assets.
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MCI Inc. yesterday reported a loss of $3.4 billion during its third quarter, reflecting its recent decision to write down the value of its telecommunications network.
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America West Holdings Corp. on Wednesday posted a third-quarter loss and forecast losses going forward as soaring fuel prices, weak revenue and excess industry