Qwest to pay $250m settlement
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Qwest, the US telecoms company founded by Millennium Dome entrepreneur Philip Anschutz, will pay $250m (Â£140m) to settle civil fraud charges, according to a union official briefed on the pact.
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Qwest Communications International Inc. on Thursday reported a third-quarter loss, citing charges and lower revenue. The provider of voice, video and data services posted a quarterly loss of $569 million, or
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A federal judge in New York has approved a $2.6 billion settlement of a class-action lawsuit on behalf of more than 170,000 WorldCom investors who claimed they were defrauded by Citigroup.
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September 13, 2004 - Qwest Communications International and federal regulators have reportedly agreed to a $250 million settlement of a two-year investigation into the alleged financial misdeeds of former Qwest executives.
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Shares of Qwest Communications rose more than 5 percent in Friday action amid news that the company has agreed to pay $250 million to end a federal probe of fraudulent accounting practices employed by former management.
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Qwest Communications International Inc.  on Wednesday said it will buy back up to $2 billion worth of its stock, but disappointment over a lack of a dividend announcement weighed on the phone company's stock after the bell.
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The embattled student lending giant, reached a settlement over its scuttled $25 billion buyout, ending months of legal fighting.
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PricewaterhouseCoopers, which audited Tyco International when it was run by executives who later went to prison, has agreed to pay $225 million to settle claims.
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WASHINGTON -- Financial-services giant Citigroup Inc. will pay $250,000 to settle allegations it used misleading sales material on hedge funds, the National Association of Securities Dealers said yesterday.
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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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A federal judge approved a $2.575 billion settlement of a class-action lawsuit by WorldCom investors who claimed they were defrauded by Citigroup, the second-largest settlement ever in a securities fraud case. When the tentative pact was announced by Citigroup in May, it was for $2.65 billion, but the agreement presented to the judge was reduced by $75 million. Investors accused Citigroup of hiding WorldCom's financial risks when it helped sell $10 billion of WorldCom debt in 2001.
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Qwest Communications International Inc. has tentatively agreed to pay $250 million to settle fraud allegations by federal regulators, a union official said Friday - a move that could help lift a cloud that
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Qwest Communications agrees to make a  $250m payment to settle charges stemming from an inquiry into an alleged securities fraud.
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The Bisys Group agreed to pay $25 million in restitution to settle accusations that it had violated financial reporting rules in a way that inflated earnings by $180 million over three years.
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Former Qwest Communications Inc. (QN: Quote, Profile, Research) executive Tom Hall, who was scheduled to go on trial next month for accounting fraud, will plead guilty, his attorney said on Friday in a court filing.
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Passengers cheated in price-fixing scam will receive $200m compensation after airlines agree settlement
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DENVER -- A Denver judge has approved a settlement in a class-action lawsuit challenging billing practices at AT&amp;T Wireless. The settlement affects up to 3 million current and former subscribers, most of whom