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Bye Bye Bernie

July 21, 2002

WorldCom file their 1,000-page 11.

WorldCom Files Record Bankruptcy
PHILADELPHIA (Reuters) - WorldCom Inc. filed the largest U.S. bankruptcy on Sunday 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...

WorldCom files for bankruptcy
New York - Telecommunications giant WorldCom - faced with a mountain of debt and a growing scandal over accounting irregularities that caused the company's stock to collapse - filed for bankruptcy protection on Sunday in the largest corporate failure in US history. More...

WorldCom Heaps Misery on Suffering Banks
FRANKFURT (Reuters) - WorldCom's bankruptcy filing heaped misery on the ailing European bank sector on Monday, adding to the suffering banks have endured due to accounting blowups and equity market losses. More...

Biggest U.S. bankruptcy ever
WorldCom Inc., crippled by an industry downturn and the disclosure this month that it inflated its cash flow by $3.8 billion, filed for Chapter 11 bankruptcy Sunday, the largest bankruptcy in U.S. history. More...

WorldCom Files for Chapter 11
NEW YORK -- WorldCom Inc. filed for bankruptcy protection Sunday, almost four weeks after the telecommunications giant disclosed nearly $4 billion in deceptive accounting. More...

WorldCom Files Record Bankruptcy Case
WorldCom Inc., the Mississippi phone company that exploded into a dominant player in telecommunications before being felled by an accounting scandal, filed last night for bankruptcy protection, the largest such filing in U.S. history. 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...

Could the Internet go dark?
Like many companies near seismic faults in Silicon Valley, eBay has emergency plans in case an earthquake destroys critical Internet connections. But these days another kind of tremor is a more imminent danger. More...

KPNQwest workers walk out
The skeleton staff of bankrupt KPNQwest walked out Friday, leaving the network in limbo amid hopes that its trustees would soon reach a deal to sell the remnants to one of its founders, KPN. More...

Europe sinks on Wall Street woes
LONDON, England (CNN) -- European markets started the week falling again, with London and Frankfurt racking up triple digit losses, after Wall Street crashed to new lows on Friday and WorldCom filed for bankruptcy. More...

Chronology of WorldCom's woes
Washington - WorldCom, the second-largest US long-distance telephone service provider, had been desperately attempting to avoid bankruptcy since its June 25 announcement admitting accounting errors to the tune of US$3.85bn. More...

Shares spiral lower
Stock markets have started the week on a gloomy note, with European and Asian indexes spiralling lower. More...

WorldCom chiefs silent over scandal
As expected, former WorldCom chief executive and founder Bernie Ebbers and ex-chief financial officer Scott Sullivan refused to testify. More...

Investors count WorldCom costs
The world's big banks are starting to count the potential cost of the accounting fraud engulfing US telecoms giant WorldCom, just as US Congress says it will conduct hearings into the company's behaviour. WorldCom is thought to owe its banks approximately $4.5bn (£2.9bn), out of a total debt burden of $30bn. More...

Has WorldCom answered all questions?
Telecoms giant WorldCom has submitted a sworn statement to the US stock market watchdog, the Securities and Exchange Commission, to explain its $3.8bn accounting fraud. BBC News Online examines whether we are any wiser. More...

WorldCom: Why it matters
US telecoms giant WorldCom shocked the business world when it admitted that it had massively overstated its profits for the 15 months from the beginning of 2001. BBC News Online looks at what exactly the company has done, and why it matters. More...

WorldCom's star falls to earth
After the collapse of Enron last year, nervous investors cast around for who was going to be next. More...

WorldCom: Wall Street scandal
US telecoms giant WorldCom has shocked the business world after admitting a multi-billion dollar accounting fraud. It follows corporate scandals, at Enron and its accountants Andersen, which have shaken investor trust. BBC News Online examines the key WorldCom audio and video coverage. More...

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