WorldCom restatement rewrites 2000 2001 losses to 85 billion
MCI files a restatement showing combined losses of about 85 billion for 2000 and 2001, wiping fraud from books and lowering profits. The change, tied to 2002 results, has no operating impact but aims to speed WorldCom’s Chapter 11 exit by year end.
MENTIONED IN THIS ARTICLE
Mclean
WorldCom
MCI
Cor
AOL Time Warner
America Online
Tech
Nically
Bob Blakely
Should Martha's name be dumped in company branding
Martha Stewart faces likely prison time over a stock sale lie and the board of Martha Stewart Living Omnimedia weighs whether to drop her name from products and magazines. Analysts say distancing the brand may protect value as her legal issues continue to hurt consumer loyalty and the stock’s standing.
MENTIONED IN THIS ARTICLE
New York
Martha Stewart
Martha Stewart Living Omnimedia
Stewart
Sibly Can
Robert Passikoff
Brand Keys
FCC proposes 247500 indecency fine for Clear Channel
FCC votes 4-1 to fine Clear Channel 247,500 for nine indecency violations on Elliot in the Morning tied to a March 13 2003 broadcast with pornographic content. The agency seeks maximum per-violation charges. three commissioners defend ongoing penalties while one calls for license revocation. The show airs on WWDC WRAL and WOSC among Clear Channel stations.
MENTIONED IN THIS ARTICLE
Washington
Clear Channel Communications
Federal Communications Commission
Clear Channel
Elliot
Bubba the Love Sponge
Howard Stern
FCC
Elliot Run
Elliot Segal
Ron Jeremy
Michael J. Capps
Legal
Commission
WWDC
WRAL
Richmond
WOSC
Bethany Beach
Del
Older pre-1920 homes offer lower prices despite repair bills
Washington reports Census Bureau data show homes built before 1920 average $99,000, far below newer homes at $183,500. Older houses lack garages and bathrooms but offer historic detail. Northeast and New York areas face shortages, while repair costs rise with age, notably $509 annually for older homes versus $338 for newer. Elisabeth Ginsburg, owner of an 1882 Victorian, praises craftsmanship and history amid renovations.
MENTIONED IN THIS ARTICLE
Washington
New York
Lawrence Yun
The
National Association of Real That
West
Midwest
South
Elisabeth Ginsburg
Glen Ridge
N.J
New York City
Ginsburg
Historical Society
Iim
Greenspan urges education and training to compete globally
In Boston Greenspan warned the United States must bolster education and job training to thrive in a global economy. He cautioned that protectionism harms living standards and noted outsourcing rises as a political issue, with wage gaps between high and low skill workers widening over two decades. The debate included AFL-CIO’s Sweeney and the Chamber’s Donohue urging a global economy approach.
MENTIONED IN THIS ARTICLE
Boston
United States
Federal Reserve
Alan Greenspan
Greenspan
Afl-Cio
John Sweeney
U.S. Chamber of Commerce
Thomas Donohue
Donahue
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Associated Press
Martha
Empire
Alias
Jennifer Garner
Dow Jones
Daly
Dedy
Rita
Tov At
Ae Tau
Asone
Mar
Seuelert
Carseem
Ieee
Santee Aw
Iscuss
Lilerar
teeCop
Iran
Sunblicco
Eky Brest
Rence
Ares A
Ameren Fact A. Gwenn
Siz
Pras Hee
Janentan
Fatety Invest Grobe
Fesity
FreityFeest
Baesr
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