Qwest Communications

How to Spot Suspicious Quarterly Earnings

For many companies, meeting or beating quarterly earnings estimates matters more than anything else. All too often, the drive to perform bleeds into a temptation to cook the books. But astute investors can see behind the numbers to glimpse the truth. Here are a few of the major red flags.

CenturyLink, Qwest to Merge in $10.6 Billion Deal

Regional phone companies CenturyLink and Qwest Communications plan to get hitched. Under the merger deal announced Thursday morning, Qwest shareholders will receive the equivalent of $6.02 a share in CenturyLink stock -- representing a 15% premium over Qwest's Wednesday closing price.