Conseco Files for Chapter 11. Conseco Inc., the onetime high-flying insurance and finance company, is filing for protection from its creditors. By Kenneth N. Gilpin. [New York Times: Business]
3:28:30 PM  #  

Most WorldCom Directors Resign. Most of WorldCom directors have resigned, clearing the way for the company's creditors and new chairman to appoint a board untainted by an accounting scandal. By Seth Schiesel. [New York Times: Business]
7:19:50 AM  #