NEWARK, N.J. (AP) - Former Qwest Communications CEO Joseph Nacchio is suing the lawyers who represented him in his insider trading case, claiming they were negligent and "grossly overbilled" him.
Bruce Nagel, the 61-yeqar-old's new attorney, filed the malpractice lawsuit in U.S. District Court in Newark Wednesday. It claims... more »
In Pueblo, children who don't have enough food at home will be getting some help this week. Today, The Qwest Foundation and The United Way of Pueblo County donated $10,000 to help feed hungry students. In Pueblo City Schools 350 students will receive food sacks on Friday. In School District... more »
Pueblo City Schools and Pueblo School District 70 will receive $10,000 in a grants to jointly assist homeless students with food in the Weekend Backpack Food Program.
Homeless students and students at high risk of homelessness in 12 school districts will have access to food supplies for the weekend,... more »
Former Qwest CEO Joe Nacchio is asking if a trial on a civil complaint filed by the Securities and Exchange Commission can be held in Kansas instead of Denver.
The SEC complaint alleges Nacchio and other former Qwest executives misled investors. Nacchio's lawyers said in documents filed in federal... more »
Former Qwest Communications International Inc. CEO Joseph Nacchio plans to appeal his new sentence for insider trading.
Lawyers didn't outline their arguments in a notice of appeal filed Wednesday in federal court in Denver. But during a re-sentencing hearing in June, Nacchio's attorney objected to a fine larger than... more »
DENVER (AP) -A judge has cut former Qwest CEO Joseph Nacchio's insider trading sentence by two months and reduced his forfeiture amount by $7.4 million.
U.S. District Judge Marcia Krieger imposed the sentence Thursday after a re-sentencing hearing that stretched over three days. Nacchio originally was sentenced in 2007... more »
Analysts say CenturyTel's purchase of Qwest could be good news for customers. CenturyTel has invested more in its network and has a better balance sheet. Analyst Christopher King says that could eventually mean greater investment in DSL availability and maybe higher speeds. CenturyTel is also testing an Internet-based television. The... more »
Qwest is applying for $350 million in federal stimulus money to help extend high-speed Internet service to rural parts of the 14 states where it offers local phone service.
In its application, Denver-based Qwest Communications International Inc. proposes building facilities to serve more than 500,000 homes, schools, businesses with... more »
Qwest Communications plans to close its call center in Pueblo in March. Qwest spokeswoman Monica Martinez said Thursday that the call center has about 75 jobs. She says there are limited opportunities for affected workers to transfer to Iowa or Utah. Workers losing their jobs will receive support packages.
... more »