WorldCom Inc. said last night it had improperly accounted for $3.8 billion in expenses and would restate its financial results for the last five quarters. The company fired a top financial officer and ...

NEW YORK — WorldCom’s former finance chief testified yesterday the company called off 2001 merger talks with Verizon after he and Chief Executive Bernard Ebbers worried Verizon would discover WorldCom ...

CALGARY, Alberta -- Calling reports of WorldCom's hiding $3.8 billion in assets "outrageous" and "egregious," President Bush today promised a government investigation of the beleaguered telecom giant ...

WorldCom Inc.'s disclosure Thursday that it found $3.8 billion more improperly accounted for in its books underscored the fix the company's management and creditors are in: They cannot plan the second ...

WorldCom book-cooking was laid out chapter, line and verse in a shareholder suit over a year ago. Sadly, a judge with knotty political ties tossed it out as directors, auditors, regulators--and the ...

Bankrupt telecommunciations giant WorldCom Inc. said on Thursday an internal audit of its books back to 1999 has turned up another $3.3 billion in improperly recorded earnings. The additional fraud ...

WorldCom 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 ...

McLEAN, Va. (AP) -- WorldCom reported profits in 2000 and 2001, but the renamed company should have shown a combined loss of nearly $65 billion, according to a long-awaited restatement that likely is ...