Qwest Said to Settle S.E.C. Investigation
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Qwest Communications has agreed to pay $250 million to settle a Securities and Exchange Commission investigation into its accounting practices.
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British Airways and Virgin Atlantic have tentatively agreed to settle a U.S. price-fixing case, British Airways said Friday.
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Denver-based Qwest Communications International Inc. reportedly has agreed to settle fraud charges for $250 million. The Associated Press and Reuters reported Friday afternoon that Qwest (NYSE: Q) has agreed
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Qwest agreed to pay $250 million Thursday to settle allegations that the telecommunications company falsified the books by at least $3.
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(InfoWorld) - An Internet business that sold people's telephone and credit-card records has agreed to settle charges that it violated U.S. law, the U.S. Federal Trade Commission (FTC) said Thursday. Integrity Security & Investigation Services and its owner, Edmund Edmister, will give up $2,700, the entire amount the company earned from selling phone records and credit card transaction reports, the FTC said. The settlement also bars the company from obtaining and selling confidential phone and credit account records unless authorized by law or court order. The FTC in MayÂ filed federal court complaintsÂ against five Web-based operations allegedly engaged in pretexting, attempting to obtain phone or other personal records from companies by pretending to be the targeted customer. Integrity Security & Investigation Services is the first firm to settle with the FTC; charges are still pending against the four remaining companies. The U.S. Congress has beenÂ investigating pretextingÂ since early this year, but the practice gained national attention last month whenÂ Hewlett-Packard officials revealedÂ pretexting had been used to gain access to the phone records of employees, board members and journalists. Private investigators employed by HP allegedly used pretexting in an investigation of board leaks in 2005 and 2006. The agency dismissed charges against F. Lynne Moseley and Tracey Edmister, Integrity Security & Investigation Services corporate officers. The FTC determined they played no role in operating the business.
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Qwest posted a third-quarter loss of $569 million after setting aside money to settle lawsuits stemming from a three-year accounting fraud.
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Verizon Wireless agreed to settle an investigation into the marketing of its Internet plans and reimburse customers for account termination, the New York attorney general said.
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Time Warner reached agreements with the Justice Department and the S.E.C. over irregularities at the America Online unit.
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Retailer agrees to pay compensation to customers in move to end long-running price-fixing saga
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Shares of Qwest Communications rose more than 5 percent in Friday action amid news that the company has agreed to pay $250 million to end a federal probe of fraudulent accounting practices employed by former management.
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The former chief financial officer of Qwest Communications International Inc.  was ordered to pay a total of $577,052 to settle charges that she helped defraud investors of billions of dollars, the U.S. Securities and Exchange Commission said on Friday.
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Royal Ahold and its two former top executives reached a settlement on Wednesday with the S.E.C. in connection with a multibillion-dollar accounting scandal.
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The commercial insurer reached an agreement with  several states to pay $6 million to resolve an investigation into fees it paid to brokers.
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Postal dispute looks likely to end as CWU executives agree to ratify deal.
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Qwest Communications International Inc. agreed to pay $250 million in two installments to settle a two-and-a-half-year investigation by the US Securities and Exchange Commission.
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The Securities and Exchange Commission is expected to announce tomorrow a settlement with Qwest that is highly critical of &quot;senior management,&quot; two sources familiar with the case said.
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Qwest Communications International Inc. yesterday agreed to pay $250 million to settle Securities and Exchange Commission charges that the company fraudulently booked $3.