Bankrupt 3.8bn
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WorldCom uncovers more dodgy earnings
News The bankrupt company - under Chapter 11 protection since 21 July - also said it will record further write-offs and continues to investigate accounts going back to the late 1990s. WorldCom, already on the telco critical... [09 Aug 2002]
WorldCom-itis hits British university network
News University internet network Janet is desperately seeking an alternative data carrier having suffered a double telecoms blow: it recently abandoned bankrupt KPNQwest, and opted instead for WorldCom, a decision which looks... [27 Jun 2002]
WorldCom fraud shock sends stock markets tumbling
News KPNQwest went bankrupt quickly. Stock markets across Europe plummeted today as investors reacted to WorldCom's announcement that it has fired its CFO and is investigating a $3.8bn accounting fraud. The... [26 Jun 2002]
