WorldCom CEO vows to cut costs amid looming bankruptcy
WorldCom chief John Sidgmore vowed aggressive cost cuts after $3.8 billion in 2001 2002 expenses were hidden. He warned of layoffs up to 17 000 and asset sales as the SEC filed fraud charges in New York. Analysts say bankruptcy could come within a week.
MENTIONED IN THIS ARTICLE
WorldCom
Sidgmore
Indus
Bernard Ebbers
Scott Sullivan
Securities and Exchange Commission
Harvey Pitt
Federal District Court
New York
SEC
Pitt
Enron Corp
WorldCom concerns loom over Hilton Head golf event
PGA Tour director Steve Wilmot says concerns over WorldCom finances create uncertainty for the Harbour Town Classic on Hilton Head Island, as the sponsor battles questions after WorldCom’s restated expenses. Wilmot stresses ongoing four year contract but notes impact on future sponsorship and planning.
MENTIONED IN THIS ARTICLE
World Com
Steve Wilmot
Wilmot
MCI
WorldCom
Hilton Head Island
S.C
Harbour Town Golf Links
Production ends as BMW Greer plant builds last 23 roadster
The final 23 roadsters begin assembly at BMW’s Greer plant with body paint and chassis work. The 23 will join the first 73 and the 250000th 23 in BMW’s museum, marking the end of an era as the roadster becomes the first BMW model produced in the United States.
MENTIONED IN THIS ARTICLE
Greer
BMW
Bunny Richardson
Also Mentioned on This Page
Bush
PGA Tour
Enron
Dennis Brownlee
Alliance For Affordable Services
Sundance
Sundance Spas
Wood
Flanders
Carter Grandle
Oyinston
Telescope
Jensen
Ronald W. Hines
Whiskey Rd
Aiken
Slated Press
John M. Bryant
Dougherty Rd
Allstate
Linda
Jennifer Pitman
Augusta
the Alley
Lor
Sanctuary Choir
Orchestra & Drama Ministry of
Millbrook
Baptist Church
United States Armed Forces
East
Pine Log Road
Aiken, SC
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