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COPYRIGHT 2002 Knight-Ridder/Tribune Business News
By Stephen H. Dunphy, The Seattle Times Knight Ridder/Tribune Business News
Jun. 30--It was three months to forget, three months of almost nonstop declines in the major stock markets, three months of uncertainty about the strength of a recovery, three months of unnerving international tensions.
It was not helped by yet another corporate scandal, this time involving WorldCom, one of the darlings of the 1990s, caught with its hand in the cookie jar of corporate accounting, trying to pass off regular expenses as capital spending. Another huge bankruptcy looms over corporate America.
In the Northwest, many companies -- though not all -- struggled against the numbing economic decline here. Companies with a national reach playing into the recession -- Costco Wholesale for one -- did well, but most others treaded water at best and...
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