News & Information

Qwest faces deadline on union pact By Steve Raabs Denver Post Friday, August 15, 2008 Negotiations between Qwest and its chief union are picking up speed as their labor contract nears expiration

Veteran Justice Dept. attorney to handle Nacchio case By Andy Vuong Denver Post Wednesday, August 13, 2008 Article Last Updated: 08/13/2008 03:50:33 PM MDT A veteran Department of Justice attorney who has argued 100 cases before the U.S. Supreme Court will handle the appellate review of former Qwest chief executive Joe Nacchio's illegal insider-trading case

Heavy hitter landed for Nacchio case By Jeff Smith Rocky Mountain News Thursday, August 14, 2008 A veteran Supreme Court attorney will represent the government in the full appellate court case against former Qwest CEO Joe Nacchio in September

Telstra's Net Rises 14% By Sam Holmes The Wall Street Journal Wednesday, August 13, 2008 SYDNEY-- Telstra Corp., Australia's biggest telecommunications company, said Wednesday annual net profit rose 14% from the previous year, boosted by increased mobile and broadband revenues, but slightly below market expectations

Insurers Expect Health-Care Costs To Rise More Than 10% Next Year Associated Press The Wall Street Journal Tuesday, August 12, 2008 Health-care costs are expected to rise more than 10% into next year, according to a survey of insurers by Aon Consulting Worldwide

Verizon labor deal could bode well for Denver telco By Jeff Smith Rocky Mountain News Tuesday, August 12, 2008 A Verizon labor agreement Sunday that averted a potential strike could bode well for successful Qwest-union talks, though both sides were quick to say Monday the financial situation is different here

Verizon Settlement Provides New Union Jobs, Protects Health Care for Active and Retired Workers, Boosts Wages, Pensions for 65,000 Monday, August 11, 2008 Washington, D.C. -- A new tentative three-year contract settlement with Verizon achieves union employees' major goals of promoting union jobs and expanding bargaining rights

Verizon-Union Deal Averts Strike. Three-Year Pact Will Create Jobs; Ratification Awaits By Amol Sharma The Wall Street Journal
Monday, August 11, 2008 Verizon Communications Inc. reached a deal with two labor unions covering 65,000 workers, averting a potential strike that could have affected the telecom giant's installation and repair operations in Northeastern and Mid-Atlantic states

CWA votes to authorize Qwest strike Denver Post Sunday, August 10, 2008 Members of Communications Workers of America District 7 voted to authorize a strike against Qwest if negotiations fail to produce a new contract, union officials said Saturday night

Qwest adds millions to settle old lawsuit By Jeff Smith Rocky Mountain News Thursday, August 7, 2008 Qwest Communications has agreed to pay an additional $40 million to settle a lingering, 7-year-old class-action securities fraud lawsuit, according to a regulatory filing Wednesday

Qwest cites competition in 24 percent income decline By Steve Raabe Denver Post Wednesday, August 6, 2008 Article Last Updated: 08/06/2008 09:10:02 AM MDT Denver-based Qwest reported a 24 percent drop in net income for the second quarter as the company lost phone customers to cable and wireless providers

Qwest Posts Lower Profit, Trims Full-Year Outlook By Donna Kardos and Shirleen Dorman The Wall Street Journal Wednesday, August 6, 2008 11:26 a.m. Qwest Communications International Inc. reported a 24% drop in second-quarter profit amid declining revenue and a tax charge

Companies Tap Pension Plans To Fund Executive Benefits. Little-Known Move Uses Tax Break Meant For Rank and File The Wall Street Journal By Ellen E. Schultz and Theo Francis Monday, August 4, 2008 At a time when scores of companies are freezing pensions for their workers, some are quietly converting their pension plans into resources to finance their executives' retirement benefits and pay

Qwest plans cybercenter in Albuquerque The Associated Press Denver Post Saturday, August 2, 2008 SANTA FE Some funds for a planned $40 million Qwest Communications cybercenter in Albuquerque can count toward state-mandated service improvements

SEC to consider reporting changes By Ian Katz, Bloomberg News
Denver Post Monday, August 4, 2008 The U.S. Securities and Exchange Commission will begin considering some of the 25 proposals from an advisory group seeking to make financial reporting less complex, Chairman Christopher Cox said

Verizon Workers' Unions Delay Planned Strike, Continue Talks By Amol Sharma The Wall Street Journal Sunday, August 3, 2008 Unions representing workers at Verizon Communications Inc. delayed a planned strike, citing progress in their weekend contract negotiations with the telecom giant

Verizon, Unions Negotiate As Strike Deadline Looms By Amol Sharma The Wall Streeet Journal Saturday, August 2, 2008 Verizon Communications Inc. was facing a weekend labor strike deadline as it negotiated Friday with unions representing about 65,000 employees

Retirees cheer Nacchio decision By Alex McCarthy and Andy Vuong Denver Post Thursday, July 31, 2008 Qwest retirees rejoiced over Wednesday's decision that a full panel of appellate judges will reconsider former Qwest chief executive Joe Nacchio's insider-trading conviction

Second look at bid for new Nacchio trial. Full appeals court to decide whether conviction stands By Sara Burnett and Jeff Smith Thursday, July 31, 2008 The Department of Justice scored a victory Wednesday in its ongoing case against Joe Nacchio, as the full 10th Circuit Court of Appeals agreed to consider whether the former Qwest CEO's conviction should stand

Computer Glitch? Consider Calling the Phone Company By Andrew LaValle The Wall Street Journal Thursday, July 31, 2008 When Rob Tugman's computers started acting up, he called the manufacturer

Qwest names Tom Richards operations chief By Andy Vuong Denver Post Wednesday, July 30, 2009 Qwest and its board of directors announced today that Tom Richards has been appointed chief operating officer

Qwest's Richards takes on new responsibilities By Jeff Smith Rocky Mountain News Wednesday, July 30, 2008 Qwest has promoted Tom Richards to chief operating officer, a title the Denver telco hasn't used since 2000.

Renewables attract Anschutz. The Denver billionaire's company plans to generate and transmit wind power By Andy Vuong Denver Post Wednesday, July 30, 2008 Philip Anschutz (RJ Sangosti, The Denver Post) Denver billionaire investor Philip Anschutz is plugging into the red-hot renewable-energy field, announcing plans to develop multibillion-dollar wind-farm and transmission-line projects

Bell Canada to Cut 2,500 Jobs Associated Press The Wall Street Journal Tuesday, July 29, 2008 BCE Inc. said it is cutting about 2,500 positions at Bell Canada, representing about 6% of the unit's total workforce

Chairman Tchuruk, CEO Russo To Step Down From Alcatel-Lucent By Leila Abboud and Jethro Mullen The Wall Street Journal Tuesday, July 29, 2008 PARIS The architects of the trans-Atlantic merger that created Alcatel-Lucent two years ago are stepping aside

Qwest insists network price caps unnecessary. The FCC wants better competition in four markets to lift controls. By Alex McCarthy Denver Post
Tuesday, July 29, 2008 Qwest Communications is looking to prove that its level of market competition meets regulators' standards after the Federal Communications Commission denied its forbearance petition Friday, a company official said

Class-Action Law Firm Close to a Settlement By Nathan Koppel The Wall Street Journal Monday, June 2, 2008 Class-action law firm Milberg LLP is close to a settlement that could end a federal prosecution of the firm for alleged kickbacks, according to two people familiar with the discussions

Alcatel Talks Up Its Prospects to Holders By Jethro Mullen and Leila Abboud The Wall Street Journal Saturday May 31, 2008 PARIS Alcatel-Lucent tried to reassure restive shareholders at its annual meeting that its long-term growth prospects were strong, despite the competitive pressures buffeting the telecommunications-equipment sector

Weiss gets prison for legal scheme By Greg Risling, AP Denver Post Tuesday, June 3, 2008 LOS ANGELES Melvyn Weiss, the co-founder of a law firm known for securities class-action suits, was sentenced Monday to 30 months in prison for his role in a lucrative lawsuit kickback scheme targeting some of the largest corporations in the nation

Some Qwest directors warm to stockholders at annual event By Jane Hoback & Gil Rudawsky Rocky Mountain News Friday, May 30, 2008 Nelson Phelps noticed a change by Qwest's board of directors this year at the annual stockholders meeting

DNC host officials short on cash. The committee for the Democratic convention considers cuts in light of the fundraising shortfall. By Chuck Plunkett Denver Post Friday, May 30, 2008 Millions of dollars behind in raising money and unlikely to meet a fast-approaching final deadline, the Denver committee hosting the Democratic National Convention is considering spending cuts

Family to drop suit against ranch over Qwest exec's death The Associated Press Denver Post Thursday, May 29, 2008 DENVER The family of a Qwest executive killed while turkey hunting in 2005 is dropping a lawsuit filed against the ranch that hired the suspect, according to a court document

CEO Security: No Replacements. Lack of Deep Bench Can Help Preserve Poor Performers By Joann S. Lublin The Wall Street Journal Tuesday, May 27, 2008 Fewer big-company chief executives are leaving their posts, and CEOs face little risk of dismissal even after two years of poor shareholder returns, according to a new study

Qwest misses a connection By Al Lewis Denver Post Sunday, May 25, 2008 Qwest customer Joe Halpern has a problem. "I have a Ph.D. with an emphasis in applied statistics and I can't understand my bill," he told me