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September 6, 2008 12:33:19 AM CDT

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Stories related to: Qwest

Stories

8 Stories

  • August 2008

    • Biggest Convention Donors Usually Need Favors

      Los Angeles Times  |  Aug 25, 08 7:13 PM CDT

      Biggest Convention Donors Usually Need Favors

      (Newser) - Major donors to the Democratic and GOP conventions this year either have business pending with politicians or have recently received a favorable ruling, the Los Angeles Times reports. From cable companies to a government union to an electric utility, millions of dollars have flowed into party coffers—but both sides deny any attempt to buy votes. More »

  • March 2008

    • Ex-Qwest CEO's Conviction Overturned

      Denver Post  |  Mar 17, 08 3:35 PM CDT

      Ex-Qwest CEO's Conviction Overturned

      (Newser) - A federal appeals court overturned Joe Nacchio’s guilty verdict today and ordered a new trial for the ex-Qwest CEO before a different judge, the Denver Post reports. The court ruled that the district judge who presided over Nacchio's trial on insider trading charges erred in excluding testimony from an expert witness who teaches law at Northwestern. More »

      Tags

      insider trading  • Qwest  • Joseph Nacchio  • tech bubble  • appellate court

  • December 2007
  • October 2007

    • Verizon Gave Up Hundreds of Phone Records

      Washington Post  |  Oct 16, 07 10:47 AM CDT

      Verizon Gave Up Hundreds of Phone Records

      (Newser) - Verizon gave consumer phone records to the feds without court orders more than 700 times in the past 2 years, the telecom giant has told House investigators. In response to emergency requests, the company also passed along IP addresses, shedding light on the scope of telecom companies' cooperation with federal investigators whether or not they had warrants, the Washington Post reports. More »

    • Ex-Qwest CEO Claims Spy Effort Began Before 9/11

      Washington Post  |  Oct 13, 07 9:34 AM CDT

      Ex-Qwest CEO Claims Spy Effort Began Before 9/11

      (Newser) - Joseph Nacchio, the former CEO of Qwest Communications, claims that the National Security Agency asked his company in February, 2001, to participate in a potentially illegal surveillance program—and when he declined, punished the company by dropping a contract worth hundreds of millions of dollars, reports the Washington Post . The allegation puts NSA's move to get access to Americans' phone records without a warrant six months before 9/11. More »

    • Ex-Qwest CEO Didn't Foresee Trouble Ahead

      Wall Street Journal  |  Oct 10, 07 11:54 AM CDT

      Ex-Qwest CEO Didn't Foresee Trouble Ahead

      (Newser) - Former Qwest chief Joseph Nacchio yesterday appealed an insider-trading conviction, claiming he couldn’t have known the telecommunications company was in dire straits when he sold $52 million in stock in 2001. Rebutting a federal court’s guilty finding on 19 counts, the brief asserts Nacchio “believed more than anyone else in the company’s future,” the Wall Street Journal reports.  More »

      Tags

      prison  • insider trading  • appeal  • Qwest  • Joseph Nacchio

  • August 2007

    • Top Telecom Exec Takes Over As Qwest CEO

      Wall Street Journal  |  Aug 13, 07 7:24 AM CDT

      Top Telecom Exec Takes Over As Qwest CEO

      (Newser) - A top telecom veteran has been named CEO of struggling Qwest. Edward Mueller, 60-year-old former chief executive of Ameritech and Williams-Sonoma, takes the reins  from Dick Notebaert, who ran the company for five years, the Wall Street Journal   reports. The country's fourth-largest telephone company, Qwest faces increased pressure from competitors as it struggles to emerge from an accounting scandal. More »

      Tags

      insider trading  • Qwest  • Joseph Nacchio

  • July 2007

    • Ex-Qwest CEO Gets 6 Years

      Bloomberg  |  Jul 27, 07 5:43 PM CDT

      Ex-Qwest CEO Gets 6 Years

      (Newser) - Qwest's former CEO was sentenced to 6 years in prison today for engaging in insider trading while the company's stock plummeted. Joseph Nacchio committed "crimes of overarching greed,'' a federal judge in Denver said as he fined him $19 million in addition to the $52 million he must forfeit, then denied Nacchio's request for both probation and bail. More »

      Tags

      scandals  • prison  • sentencing  • telecom  • insider trading  • Qwest  • Joseph Nacchio

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