Annapolis, Md. (March 26, 2004) -- Maryland is seeking up to $130 million in back taxes, penalties and interest from MCI, formerly known as WorldCom. Processing Content Comptroller William Donald ...

Two recent high-profile government contracts awarded to MCI, the company formerly known as WorldCom, are raising questions about whether the federal government is artificially propping up the ...

MCI agreed to pay $100 million in cash to the state of Mississippi for back taxes the state claimed were owed by the company's predecessor, WorldCom. Under the settlement terms, MCI also agreed to ...

McLEAN, Va. When WorldCom emerges from bankruptcy today, it hopes to make a fresh start, shedding $35 billion in debt, officially dropping the name tainted by an $11 billion accounting scandal and ...

SYDNEY (ZDNet Australia)--Despite sources revealing that telecommunications provider MCI WorldCom is cutting employees from its Australian operation, the telco is remaining tight-lipped about the ...

WorldCom Inc., the No. 2 U.S. long-distance telephone company, said Tuesday that it will eliminate its WorldCom Group and MCI Group tracking stocks, saving $284million annually by dropping the MCI ...

WorldCom-MCI Group’s annualized stock dividend yield of 30%-plus looks too good to be true, and probably is, a brokerage told clients Tuesday. The warning helped drive MCI Group shares (ticker symbol: ...

Marguerite Reardon started as a CNET News reporter in 2004, covering cellphone services, broadband, citywide Wi-Fi, the Net neutrality debate and the consolidation of the phone companies. Verizon ...

Critics of telecommunications giant WorldCom (now renamed MCI) blasted its bankruptcy reorganization plan during a U.S. Senate committee hearing Tuesday, saying the plan in place neglects to punish ...

Cable and Wireless PLC of Britain said Wednesday, as expected, that it had agreed to acquire MCI Communications Corp.'s Internet business for $1.75-billion. The deal was accompanied by the Justice ...

The judge overseeing MCI’s bankruptcy approved the company’s plan to emerge from the biggest bankruptcy in U.S. history, a financial reorganization that will pay back most creditors 36 cents on the ...

WorldCom, now known as MCI (again), had a big week last week. The troubled carrier filed its reorganization plan, hired a new chief financial officer and moved its headquarters from Clinton, Miss., to ...