Moderate snow continues to fall for some areas of northern El Paso and Teller Counties, accumulating in the grass and yards. Meanwhile, in the plains and along the southern I-25 stretch, light rain/snow mix continues. Take it slow on the roadways - due to VERY strong winds, we are seeing blowing dirt and snow (depending on the region), which is tremendously reducing visibility. Click on the Weather tab for more information on the forecast.
A credit and stock rating company says investors should avoid buying shares of Qwest Communications.
Standard and Poor's reiterated that recommendation today after
yesterday's announcement of civil and criminal charges against
current and former Qwest officials.
The "avoid'' rating is the second-lowest of five.
A grand jury indicted four former executives on charges of
developing a scheme to artificially boost revenue and then covering
it up. Those defendants and four others also face civil fraud
charges from the Securities and Exchange Commission.
Three of them were expected to turn themselves in Thursday, and
one on Friday.
Qwest shares are down four pennies to three-dollars-36-cents on
the New York Stock Exchange.