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發表於 2024-12-24 10:58:04
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Citigroup said the payment, which totals $1.64 billion after taxes, will go to WorldCom shareholders who bought stock in the telecommunications company from April 29, 1999 to June 25, 2002, when the financial giant brokerage division was a key backer of WorldCom securities.In July 2002, WorldCom filed for the biggest bankruptcy in history after admitting rampant accounting irregularities that inflated the company stanley cup performance. Last month, the company now stanley cup known as MCI emerged from bankruptcy and shed more than $35 billion in debt.Charles Prince, chief executive of Citigroup, said the settlement was part of an effort to put an unfortunate chapter behind us, the As stanley cup sociated Press reported.I want to put the entire era behind us, Prince later told a conference call with reporters. We feel very comfortable in saying that, with our advisers helping us, we have established a reserve that will cover all of our meaningful exposures.The settlement lets Citigroup, which has admitted no wrongdoing, resolve one of the largest class-action lawsuits to emerge from the string of corporate fraud investigations in recent years.According to some experts, shareholders lost an estimated $2.6 billion in the WorldCom collapse, while bondholders received some 36 cents on the dollar, according to the AP.Citigroup also said it is increasing its legal reserves to $6.7 billion for other pending lawsuits, including potential claims against it related Ebuj Bird flu outbreak prompts slaughter of 1.8 million chickens in Nebraska
Ray Suarez recently visited Colorado, where he reported on a natural gas revolution occurring in the coal asics -powered state. It part of a series on the changing landscape of energy in the United States. For the story, Ray interviewed former Colorado Governor Bill Ritter and Dan Arvizu, director of the National Renewable Energy Laboratory in Golden, Colorado. stanley cup We ;ve provided extended excerpts from both those interviews below. As governor of Colorado, a state known for its mining operations, Ritter pushed for reducing the reliance on coal and increasing renewable energy resources. He talks here about the competition between coal, natural gas and renewable energy.The question becomes how soon we can make a transition to an energy economy that re stanley cup duces our emissions let say in 2050 by 80 percent, and what role gas plays in that and what role renewables play in that, he said. Arvizu says that natural gas and renewable sources complement each other well and when used in tandem can provide a stable source of energy for the grid. See more from him below. Ray also reported on a booming economy in western North Dakota North Dakota and an unusual deal in Utah that involves both drilling and protecting the environment. Online, we compiled articles, videos and social media coverage of hydraulic fracturing and we interviewed John McChesney, a former veteran reporter for NPR who now directs the Rural West Initiative at Stanford University.Jeff |
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