Qwest Communications Intl News

The Securities and Exchange Commission has reached a settlement with former Qwest Communications International Inc.

Goldman Sachs on Wednesday downgraded the stock of CenturyLink Inc. to a hold from a buy, partly citing risks as the nation's third-largest landline telecommunications provider continues to integrate two companies that it acquired last year: Qwest Communications and Savvis.

The Associated Press reports that the SEC filed notice of a plea deal with the federal court under which Robert Woodruff , former CFO of Denver-based Qwest Communications International The SEC also agreed to drop its case against Frank Noyes , a former Qwest financial reporting officer, the AP reported.

The Securities and Exchange Commission has reached a settlement with former Qwest Communications International Inc.

The company closed on its acquisition of Qwest Communications in April and in July, it acquired Savvis, a global player in cloud infrastructure and hosted IT solutions.

At the first partner program event since its merger with Qwest in April 2011 , CenturyLink Inc.

Qwest, the regional phone company acquired last year by CenturyLink Inc. , may have settled a lawsuit in which a jury awarded millions of dollars in damages to a man who suffered severe injuries several years ago in Colorado while working on a wood utility pole.