The U.S. Senate, echoing a similar bill passed by the U.S. House of Representatives last week, has approved an extension to a moratorium on state and local taxes on Internet access for another seven years. The House's version, however, calls for a four-year ban. The original ban, first imposed in 19...
The Internet is the greatest educational tool since the advent of books, but it is also a sinister playground for prowling predators searching for young prey. It is particularly unnerving to think that these predators can enter a living room undeterred by locks or alarms, and unseen by parents or th...
Joseph Nacchio, the former CEO of Qwest Communications convicted of 19 counts of insider trading, was sentenced Friday to six years in prison plus financial penalties totaling $71 million. At Nacchio's hearing in the U.S. District Court for the District of Colorado in Denver, U.S. District Judge Edw...
Qwest Communications Chairman and CEO Richard C. Notebaert plans to retire from both positions as soon as a successor can be found, the telecommunications carrier said Monday. Qwest will commence a search for a replacement immediately, saying that it "plans no changes in strategy or operations" as a...
The U.S. General Services Administration has announced the winners of is second largest contract to provide next-generation telecom services to federal agencies: AT&T, Level 3 Communications, Qwest Communications, Sprint Nextel and Verizon. The five companies all have the right to compete for Ne...
Qwest Communications' first-quarter profit nearly tripled despite slightly lower revenue as cost-cutting measures paid off and customers moved toward more high-end data services, the company stated Tuesday. The Denver-based company posted profit of $240 million, or 12 cents a share, compared with $8...
Qwest founder and billionaire Phil Anschutz testified on behalf of former company CEO Joe Nacchio Thursday, telling jurors that around the time he was accused of selling stock, a distraught Nacchio was considering resigning because of issues within his family. Nacchio told Anschutz on more than one ...
The trial of the former Qwest Communications CEO Joseph Nacchio began Monday. Nacchio is accused of violating insider trading laws as he sold some $101 million of the telecom company's shares. Nacchio, who served as Qwest CEO from 1997 to 2002, faces 42 charges of insider trading, each one involving...
Seeking to expand its reach and to lock in more high-value business customers, Qwest Communications said Monday it would buy OnFiber Communications, a provider of custom-built high-speed network solutions for large businesses. Qwest said it would pay US$107 million to acquire privately held OnFiber,...
Using authorization given in the wake of the Sept. 11 attacks on the U.S., the National Security Agency has secretly been working with major telecom companies to collect and store records of millions of phone calls, according to a published report. USA Today reported Thursday that the NSA has worke...
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