Qwest cuts outlook and profit boosted by tax benefit
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Phone company Qwest Communications International Inc  on Tuesday cut its earnings outlook for the year, sending its shares down 4 percent, though its quarterly profit rose with the help of a tax benefit and cost cuts.
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Qwest Communications International Inc.  on Tuesday reported a smaller quarterly loss as it cut costs in its long-distance business.
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Sony Corp. on Thursday cut its operating  profit estimate for this business year by 31 percent, citing  sharply falling prices of televisions, DVD recorders and other  key products, and weak demand for chips.
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Investors on Friday cheered a decision by AT&amp;T, the largest US provider of long-distance service, to eliminate more than 20 percent of its work force this year and write off $11.
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Wireless chip developer Qualcomm Inc.   on Wednesday reported a 15 percent rise in  third-quarter net profit, but shares fell more than 7 percent  after it forecast fourth-quarter revenue lower than some  analysts' estimates.
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com. AT&amp;T Wireless announced a drop in sales and profits, as it moved closer to its planned acquisition by Cingular Wireless. The firm earned $117 million on revenues of $4.
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Profit fell 94 percent in the third quarter as sales fell in the companyâs cell phone business, but it forecast better-than-expected fourth-quarter results.
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Britain's Cable & Wireless posted its first net profit in over 3 years and announced plans to cut 600 jobs and return cash to investors, sending the telecom company's shares racing to 5-month highs on Wednesday.
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Qwest Communications International  Inc. Q.N on Tuesday posted a smaller quarterly loss, and said  it would "keep every door open" after MCI Inc. MCIP.O spurned  its $7.3 billion takeover offer in favor of a lower bid from  Verizon Communications Inc. VZ.N
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U.S. phone company Qwest Communications International Inc  on Tuesday reported an 89 percent rise in fourth-quarter profit, boosted by a benefit related to income tax.
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Cable &amp; Wireless Group PLC swung to a profit in the first half Wednesday and said it would cut 600 jobs in a reorganization in Europe.
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Wireless technology company Qualcomm  Inc. QCOM.O on Wednesday reported a higher quarterly profit  on growing global demand for cellular networks using its  technology.
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By John Gittelsohn, The Orange County Register, Calif.  Feb. 9--Broadcom Corp., said Thursday net income plunged 76 percent in  the fourth quarter, mainly because of how it accounted for employee stock  options and other compensation.
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The drugstore chain said its quarterly loss narrowed as a result of an income tax benefit and increased sales of generic drugs.
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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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Tyco Electronics reported a higher quarterly profit Wednesday, helped by a tax benefit and strong demand from telecommunications customers.
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The company reported a $2.15 billion tax benefit but said overall revenue dipped because of a 19 percent drop in traditional wholesale services.