Our next storm arrives Sunday... cloudier morning skies and scattered showers make way for more widespread rain by the afternoon... snow for the higher elevations and mountains. Sunday evening into Monday morning offers the best window for locally heavy rain and snow. The mountains will see significant snow. Rain and snow chances continue into Monday as the system exits Monday night... head over to the "Weather" tab for more information.
(Denver-AP) -- Qwest Communications says it has reached new
terms on three-point-four billion dollars in loans.
The deal with its 29 lenders is aimed at keeping the troubled
telecom giant from defaulting on payments and filing for
It includes a new 750 million dollar term loan at the
company's Qwest-Dex business.
Qwest vice chair and chief financial officer Oren Shaffer says
the pending sale of Qwest-Dex and the renegotiation of loans will
put liquidity concerns behind the company.
The company is struggling to escape debt totaling 26-point-6
Shares of Qwest closed up 34 cents, or ten percent, at
3-dollars-and-60 cents on the New York Stock Exchange.
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