Qwest reports $569 million loss in third quarter
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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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Sprint Corp. reported Tuesday a $1.91 billion net loss for the third quarter, due to a previously announced re-evaluation of its long distance network assets, but beat analysts' expectations for the quarter.
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AT&T Corp. on Thursday reported a net loss of $7.1 billion, or $8.95 per share, for the third quarter of 2004, but that loss included asset re-evaluation and other charges of $12.5 billion.
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Motorola's mobile-phone business recorded a $138 million loss in the third quarter, with handset revenues declining by 36 percent to $4.5 billion in comparison with the year-earlier period. Nevertheless, Motorola executives remain upbeat about the ailing unit's prospects for returning to profitability, noting that substantial progress has been made during the quarter.
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Communications equipment network maker 3Com Corp  on Thursday posted a wider net loss from a year ago, partly due to higher research and development costs.
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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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Verizon Communications Inc., the nation's second largest telecommunications company, on Monday reported third-quarter earnings fell by a third from a year ago due to tax charges.
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Qwest has agreed to pay $250 million to settle financial and disclosure fraud charges, a source familiar with the matter said today.
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For its third quarter ended Sept. 30, the New York satellite radio broadcaster lost $169 million, or 14 cents a share. That compares with a year-ago loss of $107 million, or 11 cents a share.
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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
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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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3Com Corp. COMS.O on     Thursday posted  a wider-than-expected second-quarter loss, amid stiff  competition from Cisco Systems Inc. CSCO.O and others in the  telecommunications networking market.
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Only six months out of bankruptcy, MCI has reported net losses of $3.4bn for Q3, due to falling revenues and a write down of the value of its network.
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Qwest Communications International Inc. yesterday agreed to pay $250 million to settle Securities and Exchange Commission charges that the company fraudulently booked $3.
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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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NEW YORK - AT&amp;T Corp. swung to a third-quarter loss of $7.1 billion after recording huge charges related to the company&#39;s retreat from traditional telephone services, which has included at least 7,500 more
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Qwest Communications International Inc.  on Tuesday reported a smaller quarterly loss as it cut costs in its long-distance business.