Economy

WorldCom Inc.'s former controller pleaded guilty to securities fraud, saying he was executing the orders of "senior management" in falsifying records, a misstep that helped create one of the biggest accounting scandals in U.S. history.

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Federal Reserve officials decided to leave a key interest rate unchanged Tuesday as the nation's economic recovery struggles against an erratic stock market and growing anxiety over a war with Iraq.

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Terence Smith analyzes the troubled U.S. economy with three economics experts.

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Did pro football, a multibillion-dollar business, become America's most popular sport by practicing non-free-market economics? Under football's non-free-market model, firms compete furiously, yet share the industry's revenues, with labor and with each other. Economics correspondent Paul Solman reports.

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Spencer Michels reports on the implications of a potential workers' strike stemming from a labor conflict between dock workers and port officials on the West Coast.

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Ray Suarez talks with analysts about the pay and perks given to the former head of General Electric, Jack Welch, and other corporate CEOs .

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Scott Sullivan, WorldCom's former top finance executive, pleaded innocent to charges he hid billions of dollars of the phone company's expenses as part of a scheme to artificially inflate its earnings by some $5 billion over the course of 18…

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Ray Suarez discusses the uncertain state of the stock market with Jay Pelosky, a global strategist for Morgan Stanley, and Marion Asnes, senior editor at Money magazine.

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A look at how the economy downturn is affecting the labor market in the United States.

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The U.S. economy grew slower this spring, despite its brisk expansion earlier this year, the Commerce Department reported Thursday.

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