Word: worldcom
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...drilling platforms and hydroelectric-power dams. A lot of these folks can now afford to have things built for them--say, a new house or a swimming pool. Some 1,000 Kiewit workers and retirees reaped an estimated $3.3 billion windfall last week when the long-distance phone company WorldCom agreed to acquire MFS Communications, a provider of local phone service, for about $12.4 billion in stock. The deal completes WorldCom's strategy of becoming a vertically integrated phone company that will challenge the Baby Bells and AT&T by bringing together local, long distance and Internet service...