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Showing results for Qwest Communcations Company LLC
...AT&T is the first leading phone company to report its results for the second quarter, and its results are scrutinised for an indication of how others, such as Verizon Communications and Qwest Communications...
...In the US this year former Qwest Communications International chief executive Joseph Nacchio was convicted on 19 counts of insider trading, relating to the sale of $52m worth of stock....
...Qwest shares rose 0.6 per cent to $8.55 after Lehman Brothers upgraded the telecommunications company to overweight from equal weight following the appointment of a new chief executive on Monday....
...Others, including Elliott Associates, have reiterated their support for Qwest and their preference for Qwest's higher offer....
...Qwest executives last week met several MCI shareholders who pressed the telecommunications company to make another offer for MCI....
...company....
...MCI, the US telecommunications company, chose to accept a lower offer from Verizon Communications in the face of a higher bid from the heavily indebted Qwest Communications....
..., a much smaller company saddled with $17bn in debt....
...MCI shares eased 0.1 per cent to $26.67 after the company indicated a preference for the latest bid from Qwest Communications over one from Verizon Communications....
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