The trial of Bernie Ebbers, former chief executive of bankrupt US phone company WorldCom, has started in New York with…
Read More
HealthSouth ex-boss goes on trial
The former head of US medical services firm HealthSouth overstated earnings and assets to boost the company’s share price, it…
Read More
Worldcom ex-boss launches defence
Lawyers defending former WorldCom chief Bernie Ebbers against a battery of fraud charges have called a company whistleblower as their…
Read More
Ebbers ‘aware’ of WorldCom fraud
Former WorldCom boss Bernie Ebbers was directly involved in the $11bn financial fraud at the firm, his closest associate has…
Read More
Ebbers denies WorldCom fraud
Former WorldCom chief Bernie Ebbers has denied claims that he knew accountants were doctoring the books at the firm. Speaking…
Read More
WorldCom bosses’ $54m payout
Ten former directors at WorldCom have agreed to pay $54m (£28.85m), including $18m from their own pockets, to settle a…
Read More
WorldCom director admits lying
The former chief financial officer at US telecoms firm WorldCom has admitted before a New York court that he used…
Read More
Verizon ‘seals takeover of MCI’
Verizon has won a takeover battle for US phone firm MCI with a bid worth $6.8bn (£3.6bn), reports say. The…
Read More
Euro firms miss out on optimism
More than 90% of large companies around the world are highly optimistic about their economic prospects, a survey of 1,300…
Read More
Worldcom director ends evidence
The former chief financial officer at US telecoms firm WorldCom has finished giving evidence at the trial of his ex-boss…
Read More
