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Richard Notebaert

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BUSINESS
June 12, 2007 | From Times Wire Services
Richard Notebaert announced plans to retire as chairman and chief executive of Qwest Communications International Inc. Notebaert, 59, said he would leave the Denver-based telecommunications company after the board of directors selects a replacement. He is the third top-ranking Qwest executive to announce plans to leave this year. Qwest shares fell 81 cents, or 8%, to $9.36.
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BUSINESS
June 12, 2007 | From Times Wire Services
Richard Notebaert announced plans to retire as chairman and chief executive of Qwest Communications International Inc. Notebaert, 59, said he would leave the Denver-based telecommunications company after the board of directors selects a replacement. He is the third top-ranking Qwest executive to announce plans to leave this year. Qwest shares fell 81 cents, or 8%, to $9.36.
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BUSINESS
June 18, 2002 | From Bloomberg News
Qwest Communications International Inc.'s new chief executive will take control of efforts to sell the company's yellow-pages unit to avoid a loan default--and he might not stop there, analysts said Monday. Richard Notebaert, who replaced ousted CEO Joseph Nacchio over the weekend, may sell other assets and pare expenses at Qwest, the biggest local telephone company in 14 Western states.
BUSINESS
July 30, 2002 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
A day after Qwest Communications International Inc. admitted misreporting at least $1.16 billion in revenue, the phone company said Monday it may take months to restate its financial reports. The improper bookkeeping, which will force restatement of financial results for 2000 and 2001, heightened fears that the Denver-based carrier may be felled by its $26 billion in debt. Investors sent the company's shares down as much as 26% during Wall Street's big rally Monday but reversed course enough for the stock to close at $1.49, down 1 cent.
BUSINESS
July 30, 2002 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
A day after Qwest Communications International Inc. admitted misreporting at least $1.16 billion in revenue, the phone company said Monday it may take months to restate its financial reports. The improper bookkeeping, which will force restatement of financial results for 2000 and 2001, heightened fears that the Denver-based carrier may be felled by its $26 billion in debt. Investors sent the company's shares down as much as 26% during Wall Street's big rally Monday but reversed course enough for the stock to close at $1.49, down 1 cent.
BUSINESS
August 14, 2007 | From Times Wire Services
Qwest Communications International Inc. named Edward Mueller to replace retiring Chief Executive Richard Notebaert. Mueller, 60, was once an executive at SBC Communications Inc. He will seek to halt customer defections from the Denver-based firm after five straight quarters of flat sales.
BUSINESS
November 2, 2005 | From Associated Press
With a tentative $400-million settlement of a key shareholder lawsuit in hand, Qwest Communications said that it narrowed its margin of loss in the third quarter on the strength of sales and a $52-million government contract. Chief Executive Richard Notebaert said he hoped the settlement would pave the way for the Denver-based company to resolve a handful of remaining lawsuits stemming from an accounting scandal that forced Qwest to restate billions of dollars in revenue.
BUSINESS
July 16, 2002 | Bloomberg News
Qwest Communications International Inc., working to avert a year-end loan default, got offers for its phone-book unit from groups led by Welsh, Carson, Anderson & Stowe and Thomas H. Lee Partners. The biggest local-phone company in 14 Western U.S. states said talks for all or part of its yellow-pages business will conclude in the "near future." Qwest spokesman Steve Hammack declined to elaborate on the number or names of potential buyers.
BUSINESS
February 17, 2005 | From Bloomberg News
Qwest Communications International Inc., the No. 4 U.S. local telephone company, said it offered $24.60 a share in cash and stock for MCI Inc., going public for the first time about its unsuccessful $8-billion takeover bid. The per-share offer, given to MCI directors Friday, consists of $15.50 in shares, $7.50 in cash and $1.60 in dividend payments, Qwest said in a Securities and Exchange Commission filing. MCI spurned the offer and accepted a $20.75-a-share bid from Verizon Communications Inc.
BUSINESS
April 21, 1994 | From Times Staff and Wire Reports
Ameritech Names Chairman: Richard C. Notebaert will succeed William L. Weiss, who is retiring. Notebaert, who was named Ameritech president in June and chief executive officer in January, will retain those titles. Weiss, who turns 65 on May 21, was named chairman emeritus, a title he will keep after he retires May 31. Notebaert, 46, joined Chicago-based Ameritech in 1983 and has held a variety of executive positions.
BUSINESS
June 18, 2002 | From Bloomberg News
Qwest Communications International Inc.'s new chief executive will take control of efforts to sell the company's yellow-pages unit to avoid a loan default--and he might not stop there, analysts said Monday. Richard Notebaert, who replaced ousted CEO Joseph Nacchio over the weekend, may sell other assets and pare expenses at Qwest, the biggest local telephone company in 14 Western states.
BUSINESS
August 2, 2006 | From the Associated Press
Telecommunications provider Qwest Communications International Inc. posted a profit for the second quarter as higher sales of bundled products offset a decline in phone access lines. The company's stock rose 61 cents, or 7.8%, to a 52-week high of $8.40. Qwest, the primary local phone service provider in 14 states, mostly in the West and the Midwest, earned $117 million, or 6 cents a share. That compared with a loss of $164 million, or 9 cents a share, in the second quarter of 2005.
BUSINESS
April 6, 2005 | From Associated Press
MCI Inc. late Tuesday rejected an $8.9-billion buyout proposal from Qwest Communications International Inc., opting instead to stick with a $7.5-billion offer from Verizon Communications Inc. Qwest said it would evaluate the situation before deciding its next move. "We are weighing our options, and shareholders will dictate the next steps in the process," Qwest spokesman Steve Hammack said. "MCI's board of directors has chosen to reject what we believe is a superior offer to acquire MCI."
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