Qwest quits bidding war after MCI Verizon deal
Qwest Communications ends its bid for MCI after MCI and Verizon strike a new deal. Qwest says continuing would harm shareholders customers and employees. MCI stock falls while Verizon and Qwest move shares.
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Diebold to buy UK security firm TASC in London deal
Diebold Inc announces the acquisition of TASC Security, a London based electronic security systems maker. Myles Hick to become president of the subsidiary. Terms of the deal were not disclosed. TASC products include alarms access control CCTV and video surveillance. Diebold in 2004 revenue about 2.4 billion with 14 000 employees.
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