AP: Qwest to Pay $250M Fraud Settlement
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Qwest Communications has agreed to pay $250 million to settle a wide-ranging fraud investigation by the Securities and Exchange Commission, The Associated Press has learned.
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Time Warner will be paying $210 million as part of a settlement for securities fraud charges leveled by the US Department of Justice.
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Qwest Communications International  Inc. Q.N on Wednesday released details of its spurned bid for  MCI Inc., MCIP.O, saying its offer had a total value of $8  billion, or $1.25 billion more than the winning bid by Verizon  Communications Inc. VZ.N
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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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TIME WARNER has agreed to pay $US210 million to settle fraud charges against the company&#39;s America Online unit, US law enforcement officials said overnight.
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Time Warner has agreed to pay more than $500 million to settle wide-ranging criminal and civil allegations that its America Online division improperly pumped up revenue and engaged
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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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Qwest Communications International Inc. managers orchestrated a massive fraud, marked by a dependence on bogus transactions that became like a ``heroin&#39;&#39; addiction, the US Securities and Exchange Commission said.
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AT&amp;T, the largest US long-distance telephone company, agreed Tuesday to pay $100 million to settle a lawsuit by shareholders who said the company lied about its financial health.
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Time Warner Inc. agreed yesterday to pay $210 million to settle criminal securities fraud charges brought by the Justice Department against the company's America Online unit. The media giant also is prepared to pay $300 million to end another probe by the Securities and Exchange Commission.
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The Securities and Exchange Commission is expected to announce today a settlement with Qwest that is highly critical of &quot;senior management,&quot; two sources familiar with the case said.
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A former Qwest Communications executive is negotiating a possible settlement of SEC charges against him. The Securities and Exchange Commission has accused Michael Felicissimo of fraud that led to overstated wireless revenues at Qwest.
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Qwest Communications International Inc., Washington&#39;s largest local phone service provider, has tentatively agreed to pay $250 million to end a Securities and Exchange Commission investigation into transactions it used to inflate sales, a union official
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Ameriprise Financial Services has agreed to pay Massachusetts $25,000 in connection with the theft one year ago of a laptop that contained sensitive data on 158,000 customers and 68,000 current and former Ameriprise employees.
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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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Passengers cheated in price-fixing scam will receive Â£100m compensation after airlines agree settlement
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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 announced Monday.