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BUSINESS BRIEFS.(TO THE POINT)
TELECOM
WorldCom's CEO is "outraged'
In a letter to President Bush, John Sidgmore said he was "surprised and outraged" by the telecom's $3.85 bil accounting scandal. Sidgmore was vice chairman before becoming CEO in April. The nearly bankrupt telecom began laying off 17,000 workers. It's in talks with banks to secure new funding.
Pension funds take WorldCom hit
The nation's biggest pension plans lost well over $1 bil. The biggest, California's Calpers, faces a $565 mil loss. New York state's fund stands to lose $300 mil. Washington state's fund, which could lose $75 mil, may sue.
BCE to buy back 20% from SBC
The Canadian telecom plans to buy back for $4.18 bil the 20% of Bell Canada it does not already own. SBC bought 20% of Bell Canada in June '99. BCE rose 0.80 to 17.42.
- S&P Revises Bell Canada Outlook to Stable; Afms Rtgs Bell Canada.
- Press release article from: Business Wire June 15, 1998 700+ words
NEW YORK--(BUSINESS WIRE...revised its outlook on Bell Canada to stable from negative...A'-plus rating on Bell Canada's senior debt and corporate...ratings affirmation on Bell Canada reflects the progress made...
- CGI and Bell Canada Close Strategic Alliance Transaction.
- Press release article from: Business Wire November 17, 1995 700+ words
...management framework. Bell Canada, the largest Canadian...Ontario and Quebec. Bell Canada is a member of Stentor...companies. CONTACT: Bell Canada: Ian D. McElroy, President...581-3600 REPEATS: New York 212-575-8822 or 800...
- BELL CANADA TO PAY $1.6 BILLION TO PURCHASE MINORITY INTERESTS IN BCE MOBILE.
- Press release article from: PR Newswire July 30, 1999 700+ words
...communications services under the Bell Canada umbrella. Bell Canada will finance the offer through...on the Toronto, Montreal and New York stock exchanges (ticker symbol: BCX). Bell Canada, the largest Canadian telecommunications...
- Bell Canada to Pay $1.6 Billion to Purchase Minority Interests in BCE Mobile.
- Press release article from: Business Wire July 30, 1999 700+ words
...communications services under the Bell Canada umbrella. Bell Canada will finance the offer through...on the Toronto, Montreal and New York stock exchanges (ticker symbol: BCX). Bell Canada, the largest Canadian telecommunications...
- Ronald Reising named Bell Canada chief financial officer - Ameritech Executive...
- Press release article from: PR Newswire April 12, 1999 700+ words
...important contributions to Bell Canada's future growth...cent minority stake in Bell Canada, a wholly owned subsidiary...Europe to be listed on the New York Stock Exchange. Prior...30 billion in assets. Bell Canada, the largest Canadian...
- Jones, Bell Canada meet in court: battle over Jones's choice of in-house...
- Magazine article from: Broadcasting & Cable Colman, Price March 30, 1998 700+ words
...Jones Intercable--Bell Canada International court...Sympatico, developed by Bell Canada subsidiary Bell Emergis...testimony, denied that Bell Canada has tried to recruit...Martin Perschetz of the New York law firm Shulte, Roth...
- Bell Canada executive changes.
- Press release article from: PR Newswire April 27, 1989 700+ words
...27 /PRNewswire/ -- Bell Canada has announced the appointment...information systems) at Bell Canada. He was born and received...joined Merrill Lynch in New York and worked for Merrill...of Quebecor Inc., of Bell Canada International Inc...
- Bell Canada to Resell Route1 MobiKEY; Provide Secure Remote Access Solution for...
- Press release article from: PR Newswire June 15, 2006 700+ words
...computing solutions, today announced that Bell Canada has agreed to launch a massive pilot...Windows-based PC will be sold through Bell Canada's Small & Medium Business Solutions...recent announcement between Route1 and Bell Canada's Security Solutions subsidiary...