Qwest Posts 3rd-Qtr Loss; Increases Legal Reserves
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Qwest Communications International Inc. posted a third-quarter loss of $569 million after setting aside more money to settle lawsuits stemming from a three-year, $3.
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The BellSouth Corporation, the third-largest Bell operating company, said yester that profit dipped 3.6 percent in the third quarter as expenses rose because of this summer's hurricanes and costs at its Cingular Wireless division.
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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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Third-generation mobile phone network 3 reports a rise in its UK customer base to 1.2 million - but its Hong Kong parent firm is hit by heavy 3G losses.
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WASHINGTON -- XM Satellite Radio Holdings Inc. said Thursday its third-quarter loss widened as sales through retail channels slowed ahead of its planned acquisition by smaller rival Sirius Satellite Radio Inc.
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MCI said it planned to take a $3.5 billion charge in the third quarter to better reflect the loss in value of its phone and data networks, mirroring similar steps by AT&T and Sprint.
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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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Qwest Communications International  Inc. Q.N on Sunday hiked its takeover offer for MCI Inc.  MCIP.O to about $7.3 billion in cash and stock, sources  familiar with the situation said, while rival bidder Verizon  Communications Inc. VZ.N responded by altering its lower  offer.
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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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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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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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3Com Corp. COMS.O on Thursday   reported a net loss for its first quarter that was narrower   than a year ago, as sales increased mainly due its joint   venture with China's Huawei Technologies Co. Ltd.
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WASHINGTON, Aug 18  - BellSouth Corp. (BLS.N: Quote, Profile, Research) said on Wednesday its new labor contract had triggered a $3.3 billion increase in its estimates of future retiree medical costs, reducing fourth-quarter ...
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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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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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update Gateway on Thursday posted a narrower third-quarter loss, helped by cost cuts and an increase in PC unit shipments, that could allow it to climb ever closer to turning a profit.
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Sprint Corp.  on Tuesday reported a wider third-quarter loss due to a writedown in the value of its long-distance business.