Stories by Sam Costello and Stephen Lawson

  • WorldCom finds accounting errors, fires CFO

    Telecommunications and Internet service provider WorldCom announced on Tuesday it will restate its financial results for 2001 and the first quarter of 2002 as a result of accounting irregularities and has terminated the employment of its chief financial officer, Scott Sullivan. It will also continue with its previously announced plans to reduce its workforce by 17,000, beginning on Friday.