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Judge approves WorldCom, EDS settlement

A settlement of long-term disputes over billing and an outsourcing agreement between WorldCom Inc. and Electronic Data Systems Corp. (EDS) was approved Monday by a U.S. federal bankruptcy judge. The agreement calls for... More...

WorldCom Controller Pleads Guilty

NEW YORK, Sept. 26 -- WorldCom Inc.'s former controller pleaded guilty today to charges that he manipulated accounting to inflate profits and then tried to cover it up, moving federal prosecutors a step closer in... More...

Nasdaq delists WorldCom

Troubled telecommunication carrier WorldCom Inc. Monday said it will be delisted from the Nasdaq Stock Market before the opening of trading on Tuesday. The Nasdaq Listing Qualification Panel sent a letter to the... More...

WorldCom files for bankruptcy protection

WorldCom on Sunday filed Chapter 11 bankruptcy protection in the largest U.S. insolvency after the long-distance telephone and data services company buckled under a $3.85 billion accounting scandal and a mountain of "junk-rated" debt. ... More...

Ebbers Resigns as WorldCom Chief Executive

Bernard Ebbers, the brash executive who built WorldCom Inc. into one of the top telecommunications companies, has resigned, bowing to a plummeting stock price and government probes into accounting issues and personal loans he received.... More...

'Harmless' targets WorldCom

Internet backbone provider MCI WorldCom has acknowledged that network-intrusion specialist Adrian Lamo used a security hole in a company Web server to grant himself access to its administrative network. The quizzical hacker... More...

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