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The indictment against Nacchio charged him with 42 counts of insider trading. Each count carries a potential 10-year jail term and corresponds to a sale of Qwest shares, including a flurry in April–May 2001, when Nacchio sold almost $39 million in stock. At the time, Qwest was trading between $41.12 and $38.31.
Because Qwest's stock was trading at very high prices during the dot-com bubble, Qwest was able to purchase the larger firm, and the Bell Operating Company was renamed Qwest Corporation. [ 14 ] In 2001, Qwest, which acquired US West in 2000, terminated the sale of rural telephone lines agreed upon in 1999 because Citizens refused to complete ...
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Typically, dementia is associated with classic symptoms like confusion and memory loss. But new research finds that there could be a less obvious risk factor out there: your cholesterol levels ...
"In essence, this money has been stolen from all of us for all these years," said an 84-year-old woman whose late husband's Social Security benefits were slashed. "It's not fair."
Qwest Records was established by Quincy Jones in 1980 as a joint venture with Warner Bros. Records, although Jones remained under contract with A&M Records until 1981. The first release on Qwest was George Benson's 1980 album, Give Me the Night, shared with Warner Bros. Records, as Benson was under contract with it.
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