WorldCom moves toward bankruptcy amid accounting scandal
WorldCom Inc disclosed 3.8 billion dollars in misclassified expenses, citing 2001 and first quarter 2002 figures. The Clinton, Mississippi company plans restatements, fires CFO Scott Sullivan, and announces 17,000 layoffs while facing SEC probes and a waning stock, amid a wave of corporate scandals.
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Web site helps consumers check if credit card numbers are stolen
CardCops, an anti fraud group, launched a Web site allowing Americans to verify if their credit card numbers are compromised. The database, built over seven weeks, lists nearly 100000 numbers found on Internet chat rooms. users are advised not to share expiration dates and to contact their bank if a match appears.
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