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Appeals Court Greenlights New Trial for Nacchio

About eight months after former Qwest CEO Joseph Nacchio was convicted of selling stock based on inside information he was also shielding from the public, a federal appeals panel overturned the conviction Monday, clearing the way for Nacchio to be tried again before a new judge. A three-judge panel ...

Bush Stumps for Telecom Immunity, Presses Congress to Pass Bill

President George W. Bush, speaking at the White House in a press conference Thursday morning, called on the House of Representatives to pass surveillance legislation that would provide retroactive immunity to telecommunications companies that provided the government access to their networks without ...

AT&T Tech Paints Stark Picture of NSA Telecom Spying

AT&T employee-turned-whistleblower Mark Klein, a 62-year-old retired telecommunications technician, was in Washington Wednesday to meet with members of Congress to convince them that telecommunications companies shouldn't get immunity for the part they played in helping the National Security Age...

AT&T Tech Paints Stark Picture of NSA Telecom Spying

AT&T employee-turned-whistleblower Mark Klein, a 62-year-old retired telecommunications technician, was in Washington Wednesday to meet with members of Congress to convince them that telecommunications companies shouldn't get immunity for the part they played in helping the National Security Age...

AT&T Tech Paints Stark Picture of NSA Telecom Spying

AT&T employee-turned-whistleblower Mark Klein, a 62-year-old retired telecommunications technician, was in Washington Wednesday to meet with members of Congress to convince them that telecommunications companies shouldn't get immunity for the part they played in helping the National Security Age...

Congress Extends Net Tax Ban in the Nick of Time

The U.S. House of Representatives voted 402 to 0 Tuesday to extend the ban on Internet service taxes another seven years, adopting the same time frame passed by the Senate Friday. The House previously voted to extend the moratorium for only four years. The original ban was first imposed in 1998 -- t...

Congress Scrambles to Extend Net Tax Ban as Deadline Looms

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...

Protecting Your Kids: Tools for Thwarting Online Predators

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...

Insider Trading Nets Ex-Qwest CEO 6 Years in Jail, $71M Fine

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...

With Qwest in the Black, CEO to Retire

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...

5 Telcos Get a Shot at $20B in Government Contracts

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 Profits Surge on Cost Cuts

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: Nacchio Was Focused on Family Crisis

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 ...

Insider Trading Trial of Qwest Ex-CEO Begins

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...

Qwest Expands Reach With OnFiber Buy

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,...

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