MCI, Qwest Continue Talks

MCI Inc. is continuing merger discussions with Qwest Communications International Inc. Verizon Communications Inc., which entered a $6.75 billion agreement last month to acquire MCI, said it has agreed to allow MCI and Qwest to continue talks through March 28. Denver-based Qwest, a regional phone company in 14 states, has made an $8.45 billion bid […]

Global Crossing’s Fate to be Determined Next Week

Global Crossing Ltd. ( could be destined for a transformation in one week after potential investors make final bids for the company. The bankrupt operator won’t disclose names of the organizations that submitted bids last week, but a private auction is scheduled July 24 at the offices of Weil Gotshal ( & Manges LLP in […]

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