
QWEST NARROWS LOSS TO $139 MILLION
Qwest Communications International Inc. said Tuesday it narrowed its fourth-quarter loss to $139 million, and its chief executive promised to look for other opportunities after losing a bid to acquire MCI.
Ref. https://deseretnews.com/dn/view/1%2C1249%2C...12388%2C00.html
Even further downhill? How does a company expect to prosper if at its head or former head in this case is rotten.
FORMER QWEST EXECUTIVE INDICTED IN MONEY-LAUNDERING, FRAUD CASE
Federal prosecutors accused a former Qwest Communications International Inc. executive Friday of illegally arranging $2.9 million in gains for himself and others by secretly cashing in on investment opportunities at the expense of the company and its shareholders.
Ref. https://deseretnews.com/dn/view/1%2C1249%2C...13201%2C00.html
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