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Downtown stores, workers struggle after fire, flood
Sun StaffBy 12:50 p.m. yesterday, the cash register in Annie Lee's shoe store on Howard Street hadn't rung even one sale. "I'm ready to close at 1 o'clock," she said. "I cannot stay like this." Lee was one of many downtown workers who felt the effects of the...Tags: Downtown (Baltimore, Maryland), Oriole Park at Camden Yards, Career and Workplace, Bank of America Corp., Business
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More firms on brink?
Los Angeles Times Staff WritersWorldCom Inc.'s mammoth bankruptcy filing Sunday could prolong the telecommunications industry's long and painful implosion by dragging teetering companies over the brink with it. More than three dozen telecom firms have already landed in Bankruptcy...Tags: Global Crossing Limited, France, Bankruptcy, Economy, Business and Finance, Oregon
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WorldCom consolidates ex-CEO's debt
WorldCom Inc. said in a regulatory filing yesterday that it had consolidated all loans to its former president and chief executive officer, Bernard Ebbers, into a single $408.2 million promissory note. The note is repayable over five years with accrued...Tags: Management Change, Bank of America Corp., Companies and Corporations, Credit and Debt, Corporate Officers
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3,700 jobs being cut at WorldCom Group
WorldCom Inc. is eliminating 3,700 jobs in the United States to better align costs with projected revenue this year. The cuts announced yesterday were limited to the company's WorldCom Group, which includes the high-growth data, Internet and...Tags: Career and Workplace, Companies and Corporations, Laurel, Memphis, Unemployment
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WorldCom sees less profit for 'Net unit
Voice and data services company WorldCom Inc. cut the 2001 profit outlook yesterday for its main Internet unit because of a change in accounting of its stake in Brazilian carrier Embratel, and the recent purchase of Intermedia Communications Inc....Tags: Earnings Forecasts, Companies and Corporations, Brazil
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WorldCom reportedly will lay off up to 11,000
WorldCom Inc. plans to eliminate as many as 11,000 jobs to reduce its staff are part of a larger effort to refocus the company, the Wall Street Journal reported yesterday, quoting people familiar with the situation. The layoffs would be the first for the...Tags: AT&T Corp., Career and Workplace, Finance, Companies and Corporations, Economy, Business and Finance
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Andersen was WorldCom auditor
Tribune staff reporterWorldCom Inc., the nation's No. 2 long-distance phone company, stunned already reeling investors late Tuesday by disclosing what may be the largest case of accounting deception in U.S. history -- a $3.8 billion sleight of hand designed to boost profits....Tags: Global Crossing Limited, Investments, Accounting and Auditing, Economy, Business and Finance, Bankruptcy
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Analysis: Congress now likely to be forced to act
Los Angeles TimesUntil WorldCom Inc.'s admission that it improperly accounted for $3.9 billion in expenses, the revelations of business misdeeds beginning with Enron's collapse in early December looked as if they would produce little more than some arcane accounting...Tags: University of Southern California, Democratic Party, Financial Markets, Laws, Los Angeles
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Unlikely pair at center of tempest
Los Angeles TimesBernard J. Ebbers was an unlikely pioneer in the cutting-edge world of telecommunications. Though he transformed WorldCom Inc. from an idea on a coffee-shop napkin into the second-largest long-distance company in the country, Ebbers himself is known to...Tags: Gaming, Marketing, AOL LLC, General Electric Company, Baptist
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Another big loser: campaign coffers
Los Angeles TimesAs telecommunications giant WorldCom Inc. tumbles toward almost certain bankruptcy, the campaign finance industry that fuels politics on Capitol Hill is in danger of losing yet another multimillion-dollar player. In the last decade, WorldCom, its MCI...Tags: Charity, Political Fundraising, Global Crossing Limited, Democratic Party, Bankruptcy
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WorldCom may survive after all
Los Angeles TimesDespite mounting fiscal and legal woes, WorldCom Inc. could emerge from its current crisis as a leaner and stronger telecommunications company. Analysts said Wednesday that WorldCom will probably be forced to file for bankruptcy protection, a move that...Tags: McLeodUSA Incorporated, Marketing, Nature, Companies and Corporations, Los Angeles
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House panel summons WorldCom CEO
Tribune staff reporterScrambling to respond to the mammoth accounting scandal unfolding at WorldCom Inc., a congressional committee demanded to hear testimony from top current and former executives of the telecommunications giant, as well as a stock analyst who had long served...Tags: Economy, Business and Finance, Bankruptcy, George W. Bush, Financial Services, Retirement
Jul 20, 2001
|Story| Baltimore Sun
Jul 22, 2002
|Story| Los Angeles Times
May 21, 2002
|Story| Baltimore Sun
Apr 4, 2002
|Story| Baltimore Sun
Jul 6, 2001
|Story| Baltimore Sun
Jan 27, 2001
|Story| Baltimore Sun
Jun 26, 2002
|Story| Chicago Tribune
Jun 27, 2002
|Story| Los Angeles Times
Jun 27, 2002
|Story| Los Angeles Times
Jun 27, 2002
|Story| Los Angeles Times
Jun 27, 2002
|Story| Los Angeles Times
Jun 27, 2002
|Story| Chicago Tribune
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