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WorldCom to File for Chapter 11 Protection

Posted by ryuzaki0 on from the whither-uunet dept.

Mantour writes: "To everyone's big suprise ;), Worldcom is going for Chapter 11. 'The Chapter 11 filing by WorldCom would follow once high-flying companies like energy trader Enron Corp. and Global Crossing Ltd., which crumbled into bankruptcy amid a crush of accounting investigations by federal regulators.' You can get more info in this Yahoo story" Update: 07/22 12:21 GMT by T : mnordstr points out a CNN report calling this "the largest bankruptcy ever."

1 of 454 comments (clear)

  1. Two relevent Salon comics... by Anonymous Coward · · Score: 0, Offtopic

    Two relevent Salon comics...

    Full Disclosure! (needs flash)

    Crime Story

    The upcoming election is going to be super-interesting. The Democrats pretty much bent over backwards to appease the Bush Administration. How will they reverse this and save face with the American left?

    And yet, other than taking on the appearance of a strong leader after Sept. 11th (which a bran muffin could have accomplished, imo), what has Bush actually DONE for the US? He's basically a nothing president, who might just get re-elected because of this current environment of pro-Republican conformity.