Shares of Qwest Communications on Monday gained the most since August 2002, rising 56 cents, or 26 percent, to close at $2.74. Qwest, the third-largest U.S. local phone company and the Baby Bell provider in 14 states including Minnesota, and its largest union reached a tentative contract agreement Saturday, 10 days after workers rejected a previous offer.

BLOOMBERG NEWS

Best Buy to sell AT&T TV, Internet services

Best Buy Co. Inc., the Richfield-based electronics retailer, will be among the first retailers selling AT&T Incorporated's TV and Internet services. Wal-Mart Stores Inc. and Circuit City Stores Inc. also signed the first national retail agreements for the U-verse service, which will be available at more than 900 stores this month in 13 states including California, Connecticut and Texas, AT&T spokeswoman Jeannie Hornung said. AT&T, the biggest U.S. phone company, is spending as much as $7 billion to revamp its network to offer TV, an effort to keep subscribers from switching to cable.

BLOOMBERG NEWS