WorldCom Inc.'s admission that it fabricated $3.9 billion in profits is likely to have implications for Abe Pollin's Washington Sports & Entertainment group, and could lead to MCI Center eventually ...

Cable and Wireless PLC of Britain said Wednesday, as expected, that it had agreed to acquire MCI Communications Corp.'s Internet business for $1.75-billion. The deal was accompanied by the Justice ...

WorldCom Inc. yesterday reported a sharp decline in second-quarter earnings because of restructuring costs and a loss on declining revenue at Arlington-based MCI. WorldCom reported separate results ...

WASHINGTON (CBS.MW) -- MCI, the company formerly known as WorldCom, said a U.S. bankruptcy judge on Friday approved the company's plan to emerge from bankruptcy protection. "This is a great day for ...

Electronic Data Systems Corp. has agreed to pay $187 million to settle a series of longstanding disputes with WorldCom Inc.'s MCI unit. WorldCom and Plano, Texas-based EDS are asking a bankruptcy ...

WorldCom, now known as MCI (again), had a big week last week. The troubled carrier filed its reorganization plan, hired a new chief financial officer and moved its headquarters from Clinton, Miss., to ...

Sometimes it's best not to say anything _ not only when there's nothing nice to say, but also when you're simply not sure what to say. That advice holds especially true for public companies that are ...

JACKSON, Miss. -- MCI Group, the nation's second-largest long-distance company, will raise rates sharply on some calling plans starting next month as a way to steer customers to its more lucrative ...

Qwest dropped out of the bidding war for MCI yesterday after MCI agreed to another new deal with Verizon, rejecting a higher-priced bid from Qwest for the fourth time. “It is no longer in the best ...

WASHINGTON, July 31 -- The U.S. General Services Administration today announced the proposed debarment of MCI WorldCom from receiving new Federal government contracts. GSA has been closely monitoring ...

Critics of telecommunications giant WorldCom blasted its bankruptcy reorganization plan during a U.S. Senate committee hearing Tuesday, saying the plan in place neglects to punish the company for its ...