Summary:

New York Times :: Qwest Communications International, the debt-laden telephone company, announced today that it had agreed to sell its yellow pages directories business to a group of financiers for $7.05 billion in a move that would help it avert a bankruptcy filing.Qwest shares rose 25 […]

New York Times :: Qwest Communications International, the debt-laden telephone company, announced today that it had agreed to sell its yellow pages directories business to a group of financiers for $7.05 billion in a move that would help it avert a bankruptcy filing.Qwest shares rose 25 percent in morning trading, up 56 cents, to $2.80.

Comments have been disabled for this post