The founder of WorldCom, Bernard J. Ebbers, was sentenced Wednesday to 25 years in prison for his participation in accounting fraud which misstated the company’s profits by $11 billion and caused the collapse of the telecommunications giant in 2002. Federal prosecutors had asked for a sentence of life in prison. The sentence is one of [...]

UK-based leisure group Rank, which owns the Hard Rock Café chain, announced that it will delist from Nasdaq and end its registration with the US Securities and Exchange Commission. They will, however, continue to trade on the London Stock Exchange. In order to untangle itself from US exchanges, it will change its Articles of Association [...]