Telecommunications company Global Crossing on Wednesday posted a quarterly profit of nearly $25 billion, the largest on record for a publicly traded company, entirely due to gains from its ...

CNET is the world's leader in tech product reviews, news, prices, videos, forums, how-tos and more. Global Crossing beats estimates, reiterates guidance - CNET X ...

Shares advance after the loss narrows. Global Crossing (GLBC) didn't staunch the red ink, but there were signs of improvement in the second quarter. The Floral Park, N.J., telco posted a net loss ...

"While the UPS network is operating and delivering in all areas, there is a potential for delivery delays due to a global technology outage. Contingency plans are in place to help ensure that ...

NEW YORK (CBS.MW) -- Hutchison Whampoa Ltd. confirmed Wednesday that it has withdrawn its bid for Global Crossing, which could open the door to suitor IDT Corp.

reported, quoting a person close to the transaction. Gores is expected to file its proposal this week with the U.S. Bankruptcy Court for the Southern District of New York, where Global Crossing ...

UPS Tech Chief Juan Perez has developed a Global Smart Logistics Network, powering substantial revenue lift. On the strength of this, he has won the Forbes CIO Innovation Award.

Global Crossing, which made its founder, Gary Winnick, one of the richest men in Los Angeles before turning him into a symbol of corporate greed, will be acquired for $23.04 a share, a 56% premium ...

Global Crossing Holdings Ltd., the bankrupt telecommunication vendor under investigation by the U.S. Securities and Exchange Commission (SEC), announced a series of measures Friday aimed at ...

Gary Winnick and other former executives and directors of Global Crossing Ltd. agreed Friday to pay $324 million to settle lawsuits filed by investors and former employees who lost billions when ...

For UPS (NYSE:UPS), technology is the backbone of global business. With a reported annual revenue of $48.9 billion and over 4.7 billion packages delivered annually, for UPS, ...