Anschutz moves.

Anschutz Moves: Billionaire Philip Anschutz announced that he was retiring from the boards of three companies in which he is the largest shareholder: Union Pacific Corp., Regal Entertainment Group and Qwest Communications International Inc. Anschutz--an influential developer in downtown L.A. and an increasingly active player in entertainment--is stepping aside at a time when the pressures on directors of public corporations have intensified after a wave of accounting scandals. Qwest, the telecom company Anschutz founded, was among the firms targeted in federal probes, though he was not implicated in any wrongdoing, the Los Angeles Times reported. The move "will allow Mr. Anschutz to devote more time and attention to his privately held investments," a spokesman said.