Qwest posts loss of \$569 million in third quarter Qwest posted a third-quarter loss of \$569 million after setting aside money to settle lawsuits stemming from a three-year accounting fraud.
Cisco to set up R D lab in Shanghai BEIJING -- Cisco Systems Inc. plans to open a research and development (R D) center in Shanghai that will focus on developing VOIP (Voice over Internet Protocol) technology, the company's chief executive officer (CEO) said Thursday.