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Sullivan given 5-year term in WorldCom case
Sun StaffIf putting WorldCom Inc.'s head honcho Bernard J. Ebbers in prison for perhaps the rest of his life sends a message to Corporate America to clean up its act, legal experts say the lighter sentence handed down yesterday to his right-hand man, Scott...Tags: Fraud, Scott Sullivan, Punishment, Corporate Officers, Lawyers
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No verdict at Ebbers trial after 2nd day of deliberations
Bloomberg NewsNEW YORK - A federal jury ended its second day deliberating accounting-fraud charges against former WorldCom Inc. Chief Executive Officer Bernard J. Ebbers without reaching a verdict yesterday. Ebbers is accused of leading an $11 billion fraud that drove...Tags: Fraud, Scott Sullivan, Verizon Communications, Bankruptcy, Corporate Officers
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Some companies restate finances
Associated PressInvestors jarred by a wave of accounting scandals were jostled by smaller ripples Wednesday, as several big companies restated their finances against a deadline to swear to the accuracy of financial reports. After waiting until the last minute, scores of...Tags: Global Crossing Limited, Stock Market, Corporate Officers, Black & Decker, Annual Reports
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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, Scott Sullivan, Bankruptcy, Stock Market, Corporate Officers
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More firms on brink?
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, Companies and Corporations, France, Lucent Technologies Incorporated, Level 3 Communications Incorporated
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Cashing out pushes stocks lower
Associated PressA burst of profit-taking sent stocks lower Tuesday as investors cashed in some of their winnings following two weeks of sizable gains. The Dow Jones industrials fell 118 points. "The market seems a little tired," said Michael Murphy, head trader at...Tags: Germany, Stock Broking, Stock Market, Japan, Agilent Technologies Incorporated
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WorldCom says it inflated books by $3.9 billion
Times Staff WritersWorldCom Inc., the long-distance giant already embroiled in scandal, disclosed Tuesday that it substantially inflated profit for more than a year by improperly accounting for more than $3.9 billion in routine expenses, a revelation expected to force the...Tags: Global Crossing Limited, Fraud, History, Bankruptcy, Earnings
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Probes by Congress losing steam
The Associated PressHot television lights beamed on disgraced corporate executives summoned to testify before Congress. They raised their right hands, invoked their Fifth Amendment privileges and, one by one, refused to answer questions in packed hearing rooms. Those who...Tags: Global Crossing Limited, Fraud, Retirement, Dick Cheney, Executive Branch
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Stepping into a green niche
David Etzler, founder of Boca Raton-based BusinessEvents LLC, says it all began with a simple conversation about drinking water. A friend urged him to be more mindful of health issues as well as pollution and natural resource waste.
But what really...Tags: Apple iPhone, Boynton Beach
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Thumbnail Test
Tribune staff reporterCenturyLink, a Louisiana-based telecommunications company, announced today that its merger with Qwest Communications is complete. CenturyLink provides consumer, business and government communications services that serve 37 states. CenturyLink also...Tags: Apopka, Mergers, Acquisitions and Takeovers, DirecTV Group Inc., Companies and Corporations
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Qwest Field Name Change Not A Done Deal
Web reporterDon't fret, sports fans. CenturyLink, the Monroe, La.-based telecommunications company that is working to close its merger with Qwest Communications may let Qwest keep its name and logo on the downtown Seattle stadium. CenturyLink's Tony Timmons...Tags: Mergers, Acquisitions and Takeovers, Restructuring and Recapitalization
Aug 12, 2005
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Nov 13, 2011
|Story| South Florida Sun-Sentinel
Apr 1, 2011
|Story| Chicago Tribune
Apr 27, 2011
|Story| Hola Hoy
Mar 25, 2011
|Story| KCPQ-LTV
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