Here’s the telling truth about the biggest takeover in corporate history, that of the No. 3 long distance carrier by the No. 2: It really isn’t about long distance service. It’s about being able to ...

WorldCom Inc. completed its $47 billion purchase of MCI Communications Corp. on Monday, following final regulatory approval of the transaction by the U.S. Federal Communications Commission. The ...

JACKSON, Miss. – MCI Inc. (MCIP) will pay $100 million in cash to cover back taxes that its predecessor WorldCom Inc. (search) owed Mississippi, state Attorney General Jim Hood announced Monday.

]]> Michael Capellas has moved quickly since taking over the scandal-scarred, left-for-dead remains of the former WorldCom less than a year ago. He has killed the old name and readopted in its place ...

WorldCom Inc. emerged from bankruptcy Tuesday as MCI, shedding its scandal-tainted name and more than $35 billion in debt. It also hopes to distance itself from its past: The $11 billion accounting ...

NEW YORK – AT&T Corp. (T) Monday objected to rival WorldCom Inc.'s (search) blueprint for emerging from bankruptcy protection and said it plans to seek damages for losses related to connecting ...

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 ...

In 1999, Bernie Ebbers announced that MCI WorldCom would buy Sprint for $115 billion to cap off an acquisition spree that turned a tiny long distance phone service company into one of the world's ...

WorldCom Inc. will divide itself into two separate stocks starting today as part of a restructuring aimed at isolating its shrinking long-distance business and shoring up its sinking stock price. The ...

To reclaim his lost fortunes, telecom tycoon Bernie Ebbers is going back to the past. It was three years ago when he spent $47 billion to fold MCI into his WorldCom empire – but he’s now tossing it ...