There's nothing organic about this growth story. The third-largest telecom in the U.S. got this big by merging with Qwest Communications last spring. Then, CenturyLink added a large dose of business-class muscle by buying data center operator SAVVIS...

He would be ordered to pay a disgorgement of $1.7 million, interest of about $640,000, and a $300,000 fine under terms of a proposed final judgment. The SEC also has agreed to dismiss similar claims against former Qwest accountant Frank Noyes, with the...

Qwest improperly record revenue for a quarterly period ending Sept. 30, 2001, by backdating a contract that was signed Oct. 1, 2001. Noyes' attorney had said the deal was essentially done late Sept. 30, 2001, but was signed a few hours after midnight. ...

The SEC had alleged Woodruff misled investors by not specifying how much of the company's revenues were from one-time sales and how much was recurring. Noyes was accused of helping Qwest improperly record revenue for a quarterly period ending Sept. 30,...

Woodruff and Noyes were the last remaining defendants in a lawsuit the SEC filed in 2005 accusing former Qwest executives and employees of fraud or insider trading. Some defendants had claims against them dismissed while others, including former Qwest...

(AP) - The Securities and Exchange Commission has reached a settlement with former Qwest Communications International Inc. Chief Financial Officer Robert Woodruff over claims that he and others gave investors a skewed impression of the company's...