Jul 08 Watch Background: Fallen Giant Kwame Holman reports on the congressional hearing on the collapse of WorldCom. Continue watching
Jul 02 Vivendi Chief Steps Down In a move that may spell the end of a French media giant, Jean-Marie Messier, the architect who built the utility company Vivendi into a multimedia powerhouse, resigned as the head of the company Tuesday. Continue reading
Jul 01 WorldCom Intensifies Review of Past Accounting Records WorldCom, which last week admitted to inflating earnings by nearly $4 billion since 2001, said Monday it was reviewing additional financial records for other possible accounting mistakes. Continue reading
Jul 01 Watch Wrong Numbers Ray Suarez looks at the latest developments in the WorldCom story with New York Times reporter Kurt Eichenwald. Continue watching
Jun 28 Xerox Inflated Revenue Reports by $1.9 Billion Xerox Corp. announced Friday that it had improperly inflated revenues by some $1.9 billion over the past five years and would correct the amount in future financial statements. Continue reading
Jun 27 Watch Money & Ethics Paul Solman of WGBH-Boston discusses ethics in corporate America with a group of veteran business journalists. The conversation was conducted before the most recent WorldCom news. Continue watching
Jun 26 WorldCom Admits to Inflating Earnings by Nearly $4 Billion WorldCom, the nation's second-largest long-distance telecom, admitted Tuesday that it overstated its earnings for over a year by $3.8 billion through improper accounting methods. Continue reading
Jun 26 Watch Shaken Markets Three experts discuss how the WorldCom matter and other corporate scandals are affecting investor confidence. Continue watching
Jun 15 Andersen Convicted of Obstructing Justice A federal jury in Houston on Saturday convicted accounting firm Arthur Andersen of obstructing justice by destroying Enron-related documents. Continue reading
Jun 12 Watch Newsmaker: Harvey Pitt Harvey Pitt, chairman of the Securities and Exchange Commission, details new rules that would require executives to certify their companies' financial reports. Continue watching