WorldCom Inc.

News & Analysis

asset and worldcom inc. - All News and Analysis

• Convicted executives forced to sell homes

  - 2006-11-13

  When CEOs sell their multimillion-dollar homes, it's usually because they're relocating to a different market, or trading up to an even bigger house. In the case of Walter Forbes, the former Cendant chairman whose baronial 8-acre estate in New Canaan, Conn., is on the market for $12.5 million, the reasons...

  Tags: asset, Cendant Corp., FINANCE, Forbes, fraud, Government, investor, Litigation, Sullivan, WorldCom Inc.

• At Deadline; Ala. settles over WorldCom.(Retirement Systems of Alabama)

  - 2004-10-04

  The $22 billion Retirement Systems of Alabama will receive $111 million in a settlement with WorldCom's three investment banks and an accounting firm. JPMorgan Securities, Citigroup Global Markets, Banc of America Securities and the former Arthur And The $22 billion Retirement Systems of Alabama will receive...

  Tags: asset, benefit, bond, equity, IBM Corp., investment, J.P. Morgan Chase & Co., Pension Benefit Guaranty Corp., settlement, WorldCom Inc.

• Business community ponders fate of Bernie Ebbers

  - 2004-03-29

  For four hours March 2, the day former WorldCom CEO Bernie Ebbers was indicted on federal charges that he conspired with his chief financial officer to cook the company's books, the phones rang constantly at the Brookhaven-Lincoln County Chamber of Commerce and Industrial Development Foundation offices. Reporters from around the...

  Tags: asset, FINANCE, Investment, stock, Wall Street Journal, WorldCom Inc.

• News Briefs; CalPERS puts off decision on Philippines, approves environmental tech program.

  - 2004-03-22

  SACRAMENTO, Calif. - CalPERS decided to delay until April removal of the Philippines from the $165 billion system's permissible emerging markets roster. Following heated debate, interrupted by applause and protests from about 200 Filipino-Americans i SACRAMENTO, Calif. - CalPERS decided to delay until April removal ...

  Tags: 401(k) plan, asset, CalPERS, SEC, WorldCom Inc.

• Nextel's effort to buy WorldCom assets under greater scrutiny.(News)

  - 2003-07-21

  Byline: JEFFREY SILVA WorldCom Inc.'s proposed $144 million sale of fixed wireless assets to Nextel Communications Inc. potentially faces far more obstacles than initially thought, a situation that a federal bankruptcy judge is set to address Byline: JEFFREY...

  Tags: asset, Nextel Communications Inc., wireless, WorldCom Inc.

• Nextel snags WorldCom wireless assets in court.(News)

  - 2003-07-07

  Byline: JEFFREY SILVA Nextel Communications Inc. came out of nowhere to win the auction of bankrupt WorldCom Inc.'s wireless assets with a $144 million bid, more than doubling the original offer by BellSouth Corp. two months ago. ...

  Tags: asset, Nextel Communications Inc., wireless, WorldCom Inc.

• WorldCom MMDS assets go to BellSouth.(Business)

  - 2003-05-19

  Byline: KRISTEN BECKMAN Byline: KRISTEN BECKMAN

  Tags: asset, BellSouth Corp., WorldCom Inc.

• Carriers--no quick fix. (Memo).

  - 2003-04-01

  Anyone hoping for a quick fix to the carriers' ongoing financial travails had to be disappointed to hear about WorldCom's decision to write down the value of its assets by $80 billion. Yes, you read that correctly: $80 BILLION. As noted...

  Tags: asset, carrier, WorldCom Inc.

• Highwoods Properties Announces Fourth Quarter and Year End 2002 Results

  - 2003-02-25

  Business Editors RALEIGH, N.C.--BUSINESS WIRE--Feb. 25, 2003 Highwoods Properties, Inc. (NYSE: HIW), the largest owner and operator of suburban office properties in the Southeast, today reported funds from operations ("FFO") before minority interest of $46.3 million, or $0.77 per diluted share, for the quarter ended December 31, 2002....

  Tags: affiliate, amortization, asset, CAD, Company, compensation, FINANCE, Highwoods Properties Inc., income, lease, leasing, revenue, SOFTWARE, US Airways Group Inc., WorldCom Inc.

• News Briefs; Ohio withdraws from federal class actions, files solo lawsuits against WorldCom, Enron.(Brief Article)(Statistical Data Included)

  - 2002-09-16

  COLUMBUS, Ohio - Ohio filed lawsuits in state court against WorldCom Inc. and Enron Corp., and will withdraw from federal class-action lawsuits against the companies, announced Betty Montgomery, Ohio attorney general. Ms. Montgomery said two lawsu COLUMBUS, Ohio - Ohio filed lawsuits in...

  Tags: asset, asset allocation, class action, Enron Corp., equity, lawsuit, Pension Benefit Guaranty Corp., SEC, WorldCom Inc.