Qwest's Ex-CEO is charged in probe of insider trading

Article Abstract:

Former Chief Executive Officer Joseph Nacchio, Qwest Communications International Inc. of the United States has been charged with insider trading. A criminal investigation revealed that Mr. Nacchio sold approximately $101 million in Qwest securities in 2001 on insider information, amongst 42 related charges. If convicted Mr. Nacchio could be sentenced to ten years and a fine of $1 million for each charge, as well as $101 million in restitution.

Legal issues & crime, Executive changes & profiles, Legal/Government Regulation, Officials and employees, Company legal issue, Cases, Qwest Communications International Inc., Insider trading in securities, Insider trading (Securities), Nacchio, Joseph

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France Telecom is to streamline, raise dividend

Article Abstract:

France Telecom S.A. of France posted a soaring net profit, up 89 percent to 5.71 billion Euros ($6.8 billion) in 2005 from 3.02 billion Euros last year. The telecommunications company is restructuring and is to cut its workforce by eight percent or 17,000 employees.

France, Securities issued, listed, Securities, Company Profile, France Telecom S.A., Company securities, FTE

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AT&T plans more job cuts, asset write-off

Article Abstract:

AT&T Corp. has announced that it will be cutting 7,000 more jobs, in an attempt to deal with declining revenue and earnings.

AT&T Corp., T

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