Share prices to take further tumble

Share prices are expected to dive further today after another business scandal in the US.

Phone Company Worldcom claimed it was making money, when it was suffering big losses.

Its accountants apparently didn't spot it.

Yesterday, the ISEQ index of shares lost three per cent of its value, while London's FTSE fell by nearly two hundred points.

The American Stock Exchange has filed a fraud action against Worldcom.