WorldCom Inc.

News & Analysis

stock and worldcom inc. - All News and Analysis

• The past is prologue: lessons from the stock-parking events of the 1980s

  - 2006-12-15

  History is rife with fraud-based operational risk events--trading frauds, pyramid schemes, regulatory investigations, and securities laws violations--and their attendant lessons learned. We might think a situation in 2005 is completely different from one in 1985, but the underlying issues never really change. Market practice issues are receiving a whole...

  Tags: FINANCE, Investment, investor, Jefferies & Co., settlement, stock, WorldCom Inc.

• Why the bubble popped.(stock market crash)(Bibliography)

  - 2004-05-03

  This clutch of books offers an excellent retrospective on the recent stock-market crash, which wiped out $8.5 trillion in market value. The value of individual retirement accounts dropped by one-third, and in just twelve months, 2 million Americans lost their jobs. But the lessons...

  Tags: accounting, Arthur Andersen, bank, bubble, deregulation, Enron Corp., Federal Reserve Board, FINANCE, inflation, Investment, Robert, SEC, stock, telecommunications, 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.

• Quiroz confident that employees will buy Avantel stocks.

  - 2003-03-14

  MEXICO CITY, Mar 13, 2003 (El Economista/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- One week before the deadline for Banamex employees to become shareholders of Avantel, only 6,000 of the 31,000 workers have sent their subscriptions MEXICO CITY, Mar 13, 2003 (El Economista/Corporate Mexico...

  Tags: stock, WorldCom Inc.

• Congress to the rescue? - Up front: news and opinion from independent minds - loss of US market capital

  - 2003-03-01

  The United States is down about $7 trillion in market capital that has vanished from the economy since March 2000. Measured against peak values, what has disappeared is more than 75 percent of the Nasdaq and nearly 50 percent of the Standard and Poor's 500. On average, this equates to...

  Tags: accounting, FINANCE, Investment, stock, U.S., U.S. Congress, WorldCom Inc.

• The top 10 financial scams of the 2002 corporate crime wave. (The 10 Worst Corporations of 2002).

  - 2002-12-01

  PUBLIC CONFIDENCE in chief executive officers CEOs and other corporate leaders sank to a new low in 2002 after a series of accounting scandals and financial scams capped a $5 trillion loss in market value and trashed the pensions and lifetime savings of millions of investors, ...

  Tags: accounting, analyst, Citigroup Inc., Enron Corp., FINANCE, financial, Investment, investor, IPO, Merrill Lynch & Co. Inc., revenue, SEC, stock, WorldCom Inc.

• Examination of the white collar crime penalty enhancements in the Sarbanes-Oxley Act.

  - 2002-09-22

  The Sarbanes-Oxley Act the Act was signed into law on July 29, 2002. (1) The Act's passage was widely heralded as an historic occasion marked by the most comprehensive corporate reform measures enacted since the stock market crash of 1929. (2) Passage of the Sarbanes-Oxley Act was a reaction to...

  Tags: accounting, Adelphia Communications Corp., bankruptcy, Bush, Cir, conviction, Enron Corp., ERISA, financial, fraud, Global Crossing Ltd., investor, prosecutor, punishment, SEC, stock, U.S. Congress, WorldCom Inc.

• Personal loans get the legislative boot: what directors need to know about the personal loan prohibition contained in the Sarbanes-Oxley Act of 2002

  - 2002-09-22

  THE SARBANES-OXLEY ACT of 2002 was enacted in response to the financial and corporate governance scandals that have surfaced in the last year. The Act is the most comprehensive federal statute in the field of securities regulation in more than 50 years and the most comprehensive federal law-making ever in...

  Tags: director, FINANCE, financial, Government, Investment, officer, prohibition, Regulations, Sarbanes-Oxley, SEC, stock, WorldCom Inc.

• NO QUICK FIX: CalPERS CIO calls scandals `terrorism'; Woes at Enron, WorldCom killing equity risk premium.(News)

  - 2002-09-02

  Byline: Joel Chernoff SACRAMENTO, Calif. - Corporate America's accounting scandals are ``a new form of terrorism,'' said CalPERS' investment chief Mark J.P. Anson. Mr. Anson said the lack of confidence investors have in corporate America's fina Byline: Joel Chernoff ...

  Tags: accounting, CalPERS, Enron Corp., equity, stock, terrorism, WorldCom Inc.

• Out while the getting was good; IN THE NICK OF TIME.(Payden and Rygel sold WorldCom stock before the drop in price)(Brief Article)

  - 2002-08-19

  Talk about a great escape! Payden & Rygel Investment Counsel, Los Angeles, owned $90 million in WorldCom bonds as part of its core corporate holdings as well as some $4 million in WorldCom stock. In March, before the world saw WorldCom Inc....

  Tags: bond, stock, WorldCom Inc.