Global Crossing Ltd., a company synonymous with the telecommunications industry's rip-roaring boom and humbling comedown, emerged from bankruptcy Tuesday after spending nearly two years reorganizing in Chapter 11. Global Crossing has a new board of directors and new top executives.

IDT Plans Bid for Global Crossing AssetsAPLong-distance telecommunications company IDT Corp. plans to make a $255 million bid for the assets of bankrupt Global Crossing Ltd.

By ERIN McCLAM NEW YORK (AP) -- The deputy chairman of Global Crossing Ltd.