Qwest posts loss of $569 million in third quarter
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Qwest posted a third-quarter loss of $569 million after setting aside money to settle lawsuits stemming from a three-year accounting fraud.
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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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Qwest Communications International Inc., the regional telecommunications company, agreed Thursday to pay $250 million to settle allegations that it improperly booked millions in revenue and that senior managers sought to cover it up.
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MCI (MCI), one of the nation&#39;s biggest long-distance operators, lost $3.4 billion in the third quarter because of a previously announced asset writedown of $3.
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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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AT&amp;T Corp. swung to a third-quarter loss of $7.12 billion due to huge charges from the company&#39;s retreat from traditional telephone services, which included at least 7,500 more job cuts and a writedown in the value of the company&#39;s long-distance network.
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NEW YORK -- 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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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 job cuts and
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AT&T Corp. on Thursday reported a &#36;7.1 billion third-quarter loss due to an &#36;11.4 billion writedown of its assets after its retreat from consumer services and other restructuring charges.
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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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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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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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US telecoms company MCI has seen its third quarter loss balloon to $3.4bn (Â£1.8bn) after a price war forced it to reduce the value of its assets.
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Advanced Micro Devices said that it lost $600 million or $1.09 per share, for the three months ended June 30.
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The medical device maker reported a third-quarter loss of $272 million on charges related to acquisitions and asset sales, as the companyâs top-selling stent continued to slump.
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AT&amp;T Corp. swung to a third-quarter loss of $7.12 billion after recording huge charges related to the company&#39;s retreat from traditional telephone services, which has included at least 7,500 more job cuts
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AT&T Corp. on Thursday reported a  $7.1 billion third-quarter loss due to an $11.4 billion  writedown of its assets after its retreat from consumer  services and other restructuring charges.