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Roswell Daily Record in Roswell, New Mexico

22 Jul 2002

Page 1

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Newspaper

Roswell Daily Record

Location

Roswell, New Mexico, United States of America

Date

Jul 22, 2002

Page

1

WorldCom Declares Largest U.S. Chapter 11 Bankruptcy

WorldCom Inc filed for Chapter 11 protection in the largest U.S. bankruptcy on record. CEO John Sidgmore said about 2 billion in financing will support vendors and operations as the company aims to emerge in 12 months. FCC Chairman Powell and analyst Drake Johnstone commented on the impact and prospects.

MENTIONED IN THIS ARTICLE

WorldCom U.S NEW York WorldCom Inc Wall Street Washington John Sidgmore Associated Press Sidgmore Michael K. Powell Federal Communications Commission Powell Drake Johnstone Davenport & Co Richmond Citibank N.A JP Morgan Chase Bank General Electric Capital Corp Johnstone Plete
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Roswell literacy leader Kuemmerle valued for decades of service

Jane Kuemmerle of Roswell built a career around volunteering in literacy programs from sandwich support to supervising tutor. She trains tutors, travels for workshops, and runs her own office while many roles remain unpaid. She works with adults and inmates, earning pay only for outside Roswell workshops.

MENTIONED IN THIS ARTICLE

Jane Kuemmerle Roswell Kuemmerle Altrusa Club Kaemmerle New Mexico Coalition For Literacy New Mexico Sertoma Service To Mankind The
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Wall Street braces for plunge and continued losses

Wall Street faces ongoing declines after a 390 point Dow plunge the previous Friday. Analysts warn of further losses as investor confidence erodes amid accounting and governance scandals at Enron WorldCom and others. Cash, bonds, and safer investments rise as funds pull from equities. mutual funds saw an $11.4 billion outflow for the week.

MENTIONED IN THIS ARTICLE

New York Wall Street Robert Froehlich Deutsche Asset Management Enron Corp WorldCom Inc Steve Hinkle Bristol Penn Equity Mutual Funds AMG Data Services Cnn-Time Standard & Poor Bryan Piskorowski Prudential
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Also Mentioned on This Page

Daily Record Sara K. Norris Roswell Daly Ie Rock Bill Moffitt Krista Gundersen Mark Allen S. Kentucky Ave Utah
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