Rebuilding a loop cut ?

Hello,

http://www.pasteall.org/pic/30051

  1. Trying to create capital i lost continuouity of the loopcut - is there a way to restore it?
  2. Is there a tool to adjust/reshape lowest loopcut (like a lofting between two curves) of above solid to fit a circle (instead of manually moving verticies) ?

Alt+right click will select the whole edgeloop. Keep in mind you have to click on the edge of the loop you want to select, not the vert, otherwise you may select the wrong loop. But you can still stay in vert mode, just make sure you click the edge. You can also do this in face mode.