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Odessa American in Odessa, Texas

31 Jul 2002

Page 3

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Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Jul 31, 2002

Page

3

Senate grills three telecoms amid accounting scandals

Senators criticized WorldCom Global Crossing and Qwest as executives cashed stock while workers lost jobs and savings. Merrill Lynch faced questions over Enron dealings as Bush signed a sweeping anti fraud law to restore investor confidence and threaten harsh penalties for corporate wrongdoing. WorldCom and partners face federal probes as they recount inflated earnings and hidden expenses.

MENTIONED IN THIS ARTICLE

Washington Enron White House Bush Congress Capitol Hill Merrill Lynch & Co Merrill Lynch James Brown G. Kelly Martin Nigeria WorldCom Inc Global Crossing Ltd Qwest Communications International WorldCom Global Crossing Qwest Michael Powell Federal Communications Commission McCain Gary Winnick
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President Fox invited to Bush ranch in Crawford Texas

Mexican President Vicente Fox will visit President Bush at the Crawford Texas ranch on August 26 during a three day Texas swing that includes Austin Dallas Houston and San Antonio. White House officials did not confirm earlier reports of the meeting.

MENTIONED IN THIS ARTICLE

WorldCom Powell John Sidgmore MCI President Fox Bush Ranch Washington Vicente Fox Bush Texas Crawford Fox Austin Dallas Houston San Antonio White House Ari Fleischer
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Also Mentioned on This Page

Senate Justice Department The Securities and Exchange Commission House Mike Oxley Ohio Paul Sarbanes D-Md St. Jude 198 Southwestern Bell Odessa Glass & Mirror Ms Water Systems T Oll Curie ROLEX Cristiea Jewelers Midland Sid Nortin North Standview Odessa, Tx Tsi Eaisuc Tower Dr Odessa ML Ed Sylvia Clemons M.S Andrews, Crane, Permian Charles Andrews Hwy Dillard's
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