Juniper Networks Embroiled in Bribery Investigation

Both the Department of Justice and the Securities and Exchange Commission are trying to determine if Juniper violated the U.S. Foreign Corrupt Practices Act (FCPA), which forbids U.S. companies from winning business by giving bribes to foreign officials.

XO Becomes Private Company

Last month, the Herndon, Va.-based CLEC (competitive local exchange carrier) completed a merger agreement to sell itself to affiliates of billionaire Carl Icahn.

XO Losses Quadruple, Revenue Flags in Q1

XO Holdings Inc. (XOHO.OB) losses quadrupled in the first quarter, compared to the year-ago period, and revenue fell 2 percent as the economy continued its weak recovery. The Virginia-based CLEC on Monday reported a net loss of $16.6 million, $12.1 million higher than the $4.5 million net loss a year earlier. Revenue fell $8.3 million to $369.5 […]

Time Warner, AOL Split Draws Near?

Time Warner (TWX) may be closer to splitting off America Online. In an SEC filing Monday, TW wants bondholders to vote on an exchange of more than $12 billion in debt guarantees to HBO, a Time Warner unit. That would open the door for the transfer of AOL assets. AOL has faced challenges for several years. […]

Nacchio Wins Appeal for New Trial

Joe Nacchio, Qwest Communications International Inc.s former CEO, is getting a new trial. A federal appeals court on Monday said the trial judge last year wrongly excluded testimony that was critical to Nacchios defense. A jury convicted Nacchio in April 2007 on 19 counts of insider trading. He was found guilty of selling $52 million […]

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