Worldcom wie geht es weiter ?

refile)PRESS DIGEST - Washington Post Business

7/4/2002 12:32:25 AM
WASHINGTON, July 4 (Reuters) - The Washington Post included the following items on the front page of its business section on July 4.

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WASHINGTON - Former Manugistics Group (MANU) official Barry Saffer this week pleaded guilty to 10 counts of securities fraud in federal court in New York. He also faces civil charges of insider trading filed Wednesday by the Securities and Exchange Commission.

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WASHINGTON - A week after revealing that his company had improperly accounted for $3.9 billion in expenses, putting it on the brink of bankruptcy, WorldCom Inc (WCOME) chief executive John Sidgmore met with Federal Communications Commission Chairman Michael Powell. Sidgmore left disappointed, saying Powell "made no commitments" to help WorldCom.

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WASHINGTON - WorldCom Inc. exercised a $2.8 billion line of credit at the same time its financial auditor was questioning the company's books, according to officials familiar with the transaction.

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WASHINGTON - The threat of a trade confrontation between the United States and the European Union receded Wednesday as the Bush administration announced that it will continue excluding certain categories of imported steel from tariffs in weeks to come.

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