Front Page   

Files for bankruptcy

NEW YORK JULY 22. The WorldCom Inc. has filed for bankruptcy protection, almost four weeks after the telecommunications giant disclosed nearly $4 billions in deceptive accounting.

Fuelled by fears about struggling American markets and the WorldCom's decision to file for bankruptcy, share prices in Europe slid in trading today. Taking their cue from declining Asian bourses, markets in London, Paris and Frankfurt dipped.

Printer friendly page  
Send this article to Friends by E-Mail

Front Page

News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• Opposition demands President's rule in Gujarat
• Elections not a priority now, says Cong.
• Musharraf to skip Indian skies
• Drought looms large over northwest
• Amnesty denied visa
• Rly. issue for Cabinet
• Files for bankruptcy
• U.S. eases travel curbs
• Cauvery case
• Blast in CRPF camp

Copyright © 2002, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu