MCI Inc.
Summary
MCI, Inc. is an American telecommunications subsidiary of Verizon Communications that is headquartered in Ashburn, unincorporated Loudoun County, Virginia. The corporation was originally formed as a result of the merger of WorldCom (formerly known as LDDS followed by LDDS WorldCom) and MCI Communications, and used the name MCI WorldCom followed by WorldCom before taking its final name on April 12, 2003 as part of the corporation's emergence from bankruptcy. The company formerly traded on NASDAQ under the symbols "WCOM" (pre-bankruptcy) and "MCIP" (post-bankruptcy). The corporation was purchased by Verizon Communications with the deal closing on January 6, 2006, and is now identified as that company's Verizon Business division with the local residential divisions slowly integrated into local Verizon subsidiaries.MCI's history, combined with the histories of companies it has acquired, echoes most of the trends that have swept American telecommunications in the past half-century: It was instrumental in pushing legal and regulatory changes that led to the breakup of the AT&T monopoly that dominated American telephony; its purchase by WorldCom and subsequent bankruptcy in the face of.
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Analysis: Groupon accounting problems put spotlight on board
NEW YORK (Reuters) - Groupon Inc, the online coupon company that floated just months ago in the strongest IPO in years, has had recurring accounting problems that critics say show a need for more financial sophistication on its board.
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Eyal Press: Why No One Would Listen
What’s worse: to be persecuted and indicted for trying to expose an act of wrongdoing -- or to be ignored for doing so?.
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Reuters hires former WSJ reporter
Business journalist Carrick Mollenkamp, who had been with The Wall Street Journal for the past 14 years until leaving late last year, is now with Reuters in New York.
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Prize-winning reporter leaves WSJ
Carrick Mollenkamp, a reporter for The Wall Street Journal for the last 14 years in Atlanta and London, is no longer with the business newspaper, a spokeswoman confirmed to Talking Biz News.
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How business reporting helps one understand numbers and markets
Editor Britta Waller of Pace Communications, which produces magazines for companies such as Southwest Airlines and US Airways, writes about how she became facile with understanding markets and numbers.
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Biz journalism pundits decry “Chicken Little” approach to recent coverage
Joe Strupp of Media Matters for America writes that some business journalism experts believe that the media presented an overly pessimistic scenario in the wake of the Standard & Poor’s downgrade of the U. S. government.
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Common Sense: A Murdoch’s Missed Opportunity
James Murdoch might have spared himself some embarrassment if he had paid the legal fees for an investigator accused in the phone hacking scandal.
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Margaret Heffernan: The Wilful Blindness of Rupert Murdoch
In the select committee today, Adrian Sanders asked the Murdochs if they were familiar with the term 'wilful blindness'. The silence was stunning and said everything.
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Margaret Heffernan: The Wilful Blindness of Rupert Murdoch
After every institutional debacle, the arguments are the same: it was just a few bad apples. Nobody at the top is to blame. A few rogue, or over-zealous employees just went off piste. Then the full scale of the debacle emerges and another face-saving fiction emerges: no one could possibly have seen this coming.
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AOL BLAST FROM THE PAST: Amazing AOL Press Releases Through The Years
That's a lot of floppy disks, busy signals, and YOU'VE GOT MAILs! (Though many of the early years were spent under a different name and business. ).
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