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Qwest 1Q profit tumbles on tax charges

Qwest Communications International Inc., which recently agreed to be acquired by a smaller phone company, on Wednesday said its first-quarter earnings tumbled 82 percent due to one-time tax charges. Its revenue fell 6.5 percent as customers continued to cancel land lines. Qwest, the country’s third-largest local phone company, said it earned $38 million, or 2… Continue Reading Qwest 1Q profit tumbles on tax charges