Sex, drugs and oil: U.S. says agency ‘gone wild’
Federal investigators said Wednesday that an Interior Department group in charge of collecting billions of dollars in oil and natural gas royalties was compromised for years by a "culture of...
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Attack of optimism sparks rally
Suddenly, the economic forecast is looking a little brighter. Oil prices dropped again Tuesday, to their lowest level in three months. That should help consumers buy more than just gasoline,...
Filing won’t leave consumers in lurch
For years, the biggest challenge WorldCom Inc. and MCI faced was persuading consumers to switch long-distance companies. Now, the toughest job may be persuading them to stay. The bankruptcy filing...
WorldCom files for bankruptcy protection
WorldCom Inc., the nation's second-largest long-distance company, crumpled into bankruptcy late Sunday, brought down by massive debt, a shortage of cash and an accounting scandal that rocked investor confidence. The...
More firms on brink?
WorldCom Inc.'s mammoth bankruptcy filing Sunday could prolong the telecommunications industry's long and painful implosion by dragging teetering companies over the brink with it. More than three dozen telecom firms...