text_combined: enron mentions enron names special committee examine transactions dow jones news service 10 31 01 enron says sec opens formal inquiry related party transactions afx news 10 31 01 enron says sec informal inquiry formal investigation bloomberg 10 31 01 key enron employees jumping ship recruiters say dow jones energy service 10 31 01 houston problem much enron worth dow jones news service 10 31 01 enron stock jumps amid takeover speculation associated press newswires 10 31 01 usa signs domino effect among enron peers reuters english news service 10 31 01 waste management start pulp paper trading tomorrow bloomberg 10 31 01 enron ends 10 day skid 25 jump cbsmarketwatch com 10 31 01 enron stock jumps amid takeover speculation associated press newswires 10 31 01 class action lawsuit commenced enron corp law offices marc henzel pr newswire 10 31 01 enron trading customers tighten credit reins cut trades bloomberg 10 31 01 usa enron rebounds investors seek disclosure reuters english news service 10 31 01 waiting balance sheets amid enron debacle david wilson bloomberg 10 31 01 enron shares rise rebounding nine year low update 3 bloomberg 10 31 01 enron names special committee examine transactions 10 31 2001 dow jones news service copyright c 2001 dow jones company inc houston dow jones enron corp ene created special committee examine deals related security exchange commission investigation transactions involving enron former chief financial officer turned formal investigation energy trading company also named william powers jr board making charge special committee company said press release wednesday copyright 2000 dow jones company inc rights reserved enron says sec opens formal inquiry related party transactions 10 31 2001 afx news c 2001 afp extel news ltd houston afx enron corp said securities exchange commission opened formal inquiry company transactions entities connected related parties statement enron said sec opened formal investigation certain matters subject recent press reports previously subject informal inquiry earlier month enron announced charge 1 01 bln usd 1 11 usd per share incremental 1 2 bln usd reduction stockholders equity related unwinding investments related ljm partnership sec requested company provide information related party transactions days later company dismissed chief financial officer andrew fastow involvement running ljm partnerships today statement company announced election william powers jr board effective immediately powers dean university texas school law chair special committee examine take appropriate actions respect transactions enron entities connected related parties said addition reviewing transactions question special committee charged communicating sec recommending actions deems appropriate asked board take action address fully forthrightly investors questions concerns said enron chairman chief executive officer kenneth lay responding sec offers us additional opportunity achieve goal investors cooperate fully also make every appropriate public disclosure course sec investigation pav copyright 2000 dow jones company inc rights reserved enron says sec informal inquiry formal investigation 2001 10 31 17 37 new york enron says sec informal inquiry formal investigation houston oct 31 bloomberg enron corp said informal inquiry securities exchange commission formal investigation houston based company board appointing special committee address allegations related partnerships run former chief financial officer william powers jr dean university texas law school chair committee handle sec requests information partnership enron said andy pratt princeton newsroom 609 750 4657 key enron employees jumping ship recruiters say michael rieke dow jones newswires 10 31 2001 dow jones energy service copyright c 2001 dow jones ken rice former head enron capital trade well former chief executive enron broadband services kevin hannon former president enron broadband services lou pai former chairman chief executive enron energy services lure cashing lucrative stock options cost enron employees time soon company share price fallen far quickly leaving options underwater company shares traded high 80 early year july price dropped around 50 leaving employees options virtually worthless enron told employees would issue new options august company share price continued fall bad news came new options issued august share prices around 40 underwater also options money enron employees vulnerable lure companies peterson said enron could face another problem keeping key people employees work two year contracts leave enron contracts expires noncompete clause could prevent working competitor contracts expire end year without incentive lucrative stock options enron might difficult time getting employees agree new contracts noncompete clause peterson said enron spokeswoman said company planning issue new options employees michael rieke dow jones newswires 713 547 9207 michael rieke dowjones com copyright 2000 dow jones company inc rights reserved houston problem much enron worth christina cheddar dow jones newswires 10 31 2001 dow jones news service copyright c 2001 dow jones company inc new york dow jones billions dollars shaved market capitalization enron corp ene past two weeks stock trading book value begging question much worth anyway answer far easy ever since enron metamorphosed stodgy gas pipeline company seen many dynamic energy trading firm company become increasingly difficult understand glance wide range wall street analysts follow company illustrates point mix analysts track natural gas pipeline industry well follow electric utilities one enticing prospect assets portfolio valuable could seen worthwhile acquisition targets enron definition company houses four main divisions enron wholesale services enron energy services enron transportation services enron broadband services wholesale services houses company energy marketing business enrononline segment accounts bulk enron profits become synonymous enron means people today enron trade gas oil coal also trades commodities pulp paper petrochemicals lumber plastics even weather risk enron energy services company retail arm company provides electricity gas commodity risk management services division enron transportation services operates four natural gas pipelines span 25 000 miles peak capacity 9 8 billion cubic feet per day pipelines company says transports 15 natural gas u needs segment also includes portland general oregon utility company enron selling northwest natural gas co nwn 1 9 billion cash stock addition company provides bandwidth network services enron broadband services division enron reach even wider list suggests company also number corporate investments including stake azurix water business enron renewable energy corp well methanol mtbe plants enron unconsolidated affiliates company also investments additional water assets power plant india natural gas pipeline argentina among things makes valuation enron difficult remains unknown company financial structure enron yet file balance sheet third quarter expect nov 15 balance sheets must filed securities exchange commission regulations without balance sheet details needed calculating company value missing also much still remains unknown company obligations balance sheet financing vehicles using known enron finances several analysts arrived conclusions valuation merrill lynch 201 938 5166 christina cheddar dowjones com copyright 2000 dow jones company inc rights reserved enron stock jumps amid takeover speculation juan lozano associated press writer 10 31 2001 associated press newswires copyright 2001 associated press rights reserved houston ap plummeting nine year low following recent economic losses investigation federal securities regulators shares enron corp jumped nearly 25 percent wednesday amid speculation company ripe takeover shares enron nation largest natural gas power marketer rose 2 74 close 13 90 wednesday new york stock exchange shares though still 69 percent since company reported third quarter earnings two weeks ago carol coale analyst prudential securities inc houston said wednesday surge likely reaction wall street journal report enron beaten stock price stirred rumors possible takeover others may buying figuring stock hit bottom said tuesday enron stock closed 11 16 lowest level since 1992 enron shares began steady fall middle october company reported net loss 638 million third quarter taking one time charge 1 01 billion attributed investment losses troubled assets unit restructurings losses tied partnerships managed enron former chief financial officer andrew fastow ousted last week potential conflict interest prompted inquiry securities exchange commission earlier week moody investors service downgraded company long term debt warned possible downgrades potential buyers include general electric ge capital unit warren buffett berkshire hathaway royal dutch shell journal said duane grubert analyst sanford c bernstein co new york said shell small presence energy marketing would good fit shell tried merchant energy arena really succeed said buy established franchise must attractive shell enron officials immediately return telephone calls associated press wednesday enron stock price made attractive coale said energy marketer problems present substantial drawback would fault company acquiring enron hanging said many uncertainties grubert said believes enron ability weather storm restore enterprise since reporting disappointing third quarter losses enron negotiating banks establish new credit lines company last week decided cash 3 billion revolving credit various banks shore investor confidence net http www enron com copyright 2000 dow jones company inc rights reserved usa signs domino effect among enron peers andrew kelly 10 31 2001 reuters english news service c reuters limited 2001 houston oct 31 reuters u energy traders dynegy inc aquila inc taken knock result enron corp recent woes analysts expect broad loss investor confidence sector trigger massive losses stock prices like enron suffered issues impacting enron pretty much specific company said credit lyonnais securities analyst gordon howald believe lot peers type potential negative impact said enron widespread use complex balance sheet financing deals reluctance disclose details key reason investors dumped company stock causing fall 60 percent last two weeks natural gas electricity marketers use similar techniques avoid overloading balance sheets debt nobody extent enron analysts said enron unique case magnitude balance sheet transactions said prudential securities analyst carole coale uncomfortable disclosure coale said comfortable level disclosure provided many enron peers deals said less problem companies less exposure risky energy trading marketing business contributes 80 percent enron profits el paso corp example channeling 1 billion balance sheet financing project electron venture set acquire manage power plants analysts say reasonably pleased information el paso provided electron el paso stock fallen relatively modest 5 percent last two weeks analysts attribute large part fact marketing trading operations generate one quarter company earnings dynegy stock 17 percent last two weeks analysts said linked dynegy assumption leadership role among u energy marketers many investors eyes enron began fall favor dynegy attained correspondingly high price earnings ratio asked dynegy use balance sheet financing spokesman john sousa drew contrast company enron saying dynegy financing backed issuance stock related party transactions former high fliers shunned analysts said current uncertain investment climate investors shunning trading oriented companies whose stocks previously commanded high price earnings multiples seeking modestly valued companies physical assets power plants natural gas pipelines terms recent stock price performance trend punished marketer trader like aquila whose shares 27 percent last two weeks hand relatively kind companies williams cos duke energy corp recently treated scorn enron executives aggressively propounded asset light philosophy williams stock fallen 5 percent last fortnight duke shares less 1 percent outperformed broader u stock market j p morgan analyst anatol feygin said enron fallen victim unique taste sophisticated financing techniques failure explain doubts started surface enron took extreme terms financial engineering disclose enough information behind structures said credit lyonnais securities howald simpler explanation saying euphoria surrounded enron last year subsided people began see enron trading companies always history winning big losing big said think days big valuations added copyright 2000 dow jones company inc rights reserved waste management start pulp paper trading tomorrow 2001 10 31 16 52 new york waste management start pulp paper trading tomorrow houston oct 31 bloomberg waste management inc north america largest trash hauler start trading paper pulp tomorrow limit effects price fluctuations recycled materials offer service biggest rivals provide past three years waste management reduced exposure price swings placing 75 percent recycled commodity sales long term fixed price contracts still company revenue recycling fell 38 percent 154 million second quarter chief executive officer maurice myers hoping trading business help stabilize recycling revenue even prices cardboard newspaper aluminum cans fall trading allows waste management limit exposure prices well offer contracts customers want lock prices waste management going reduce company risk customer risk said thomas leritz analyst banc america capital management owns 1 million shares waste management think smart move reflection new management team myers joined company november 1999 struggled track costs acquisitions put new financial systems software place made efforts cut costs company also raised prices dominant hauler myers efforts along sale overseas businesses helped company regain regard among investors shares risen 22 percent past year pulp paper waste management solid waste customers produce consume pulp paper waste management collects processes sells five million tons year paper plastic glass aluminum metals recycled cardboard prices fell 62 percent 48 ton second quarter 125 year earlier price recycled newsprint fell 55 ton 90 myers said august prices little changed second quarter third quarter said steve ragiel waste management vice president recycling waste management report third quarter results next week expected begin trading third quarter plans delayed took longer expected find people run operation raigel said jeff harbert formerly enron corp heading operation along two enron traders enron also based houston created largest business trading commodities including electricity natural gas pulp paper risk management waste management initial focus trading business managing price risk probably complete five 10 trades first months raigel said company hopes set fixed prices commodities picks sell commodities third company paper producer higher set price get counter party paper mill consumer products company cut deal raigel said find paper mill wants lock fixed price buy sell get minimum return investment greater control raw material costs company said much expects make trading analysts expecting business contribute significantly waste management earnings looking good time get trading see major contributor business said stewart scharf analyst standard poor equity group rates waste management accumulate shares republic services group inc 3 u waste company contracts individual mills supply recycled commodities fixed prices started trading operation spokesman flower said allied waste industries inc second largest trash hauler north america said plans get trading leave trading people like enron allied waste spokesman michael burnett said mark johnson princeton newsroom 609 750 4662 enron ends 10 day skid 25 jump lisa sanders cbsmarketwatch com october 31 2001 houston cbs mw shares enron lost 66 percent value past 10 sessions spiked wednesday report pegged beleaguered company takeover target enron added 25 percent 2 74 close 13 90 43 million shares changed hands making stock actively traded new york stock exchange g edwards analyst michael heim warned wednesday buying enron shares noted enron troubles could hurting trading operations company strength people interested betting ene ask person offered double money coin lands heads take away half money tails would take bet person flipping coin magician trust wall street journal report wednesday speculated enron potential acquisition stable company enron spokesman said company comment matters enron pressure two weeks beginning energy merchant reported 1 billion charge third quarter earnings securities exchange commission probe two company limited partnerships rating downgrade moody investors service helped john olson analyst sanders morris harris said thought enron takeover unlikely point however stock keep coming financial difficulties extended odds would increase said olson pointed enron heavy losses last 10 sessions partly reflects end tax year mutual funds calendar year funds ends close business wednesday mutual funds enron stock trying offset gains selling enron said mutual funds register gains losses offset selling buying stock close today taking bets art smith chairman chief executive research firm john herold said surprised enron entertaining offers one ways enron gets genie back bottle hand smith said would take potential acquirer time become comfortable valuation business doubtful potential acquirer resolve valuation issues quickly smith said said likely sort purchase agreement would contain called look back provision would protect acquirer strapped fixed value smith said could see either general electric ge capital royal dutch shell making bid mentioned journal report ge capital big enough work cripple ge opportunistic things like smith said shell always keeps us guessing olson also included aig citigroup potential acquirers enron certainly appeal people used aggressive trading culture said smith said even without enron energy marketing trading business would continue thrive even enron went away would change developed healthy market commodity forward markets hedging said lisa sanders dallas based reporter cbs marketwatch com enron stock jumps amid takeover speculation juan lozano associated press writer 10 31 2001 associated press newswires copyright 2001 associated press rights reserved houston ap plummeting nine year low following recent economic losses investigation federal securities regulators shares enron corp jumped nearly 25 percent wednesday amid speculation company ripe takeover shares enron largest u natural gas power marketer rose dlrs 2 74 close dlrs 13 90 wednesday new york stock exchange though still 69 percent since company reported third quarter earnings two weeks ago carol coale analyst prudential securities inc houston said wednesday surge likely reaction wall street journal report enron beaten stock price stirred rumors possible takeover others may buying figuring stock hit bottom said tuesday enron stock closed dlrs 11 16 lowest level since 1992 enron shares began steady fall middle october company reported net loss dlrs 638 million third quarter taking one time charge dlrs 1 01 billion attributed investment losses troubled assets unit restructurings losses tied partnerships managed enron former chief financial officer andrew fastow ousted last week potential conflict interest prompted inquiry securities exchange commission earlier week moody investors service downgraded company long term debt warned possible downgrades potential buyers include general electric ge capital unit warren buffett berkshire hathaway royal dutch shell journal said duane grubert analyst sanford c bernstein co new york said shell small presence energy marketing would good fit shell tried merchant energy arena really succeed said buy established franchise must attractive shell enron stock price made attractive coale said energy marketer problems present substantial drawback would fault company acquiring enron hanging said many uncertainties copyright 2000 dow jones ii company operating results materially overstated result company failing timely write value investments certain limited partnerships managed company chief financial officer iii enron failing write impaired assets timely basis accordance gaap october 16 2001 enron surprised market announcing company taking non recurring charges 1 01 billion tax 1 11 loss per diluted share third quarter 2001 period ending september 30 2001 subsequently enron revealed material portion charge related unwinding investments certain limited partnerships controlled enron chief financial officer company would eliminating 1 billion shareholder equity result unwinding investments news began assimilated market price enron common stock dropped significantly class period enron insiders disposed 73 million personally held enron common stock unsuspecting investors plaintiff represented law offices marc henzel member class described december 21 2001 participate case ask court appoint one lead plaintiffs class order serve lead plaintiff however must meet certain legal requirements need seek appointment lead plaintiff order share recovery questions concerning case rights interests respect matters please contact marc henzel esq law offices marc henzel 273 montgomery ave suite 202 bala cynwyd pa 19004 2808 telephone 888 643 6735 610 660 8000 facsimile 610 660 8080 e mail mhenzell 82 aol com visit firm website http members aol com mhenzell 82 make opinion count click contact marc henzel esq law offices marc henzel 1 888 643 6735 1 610 660 8000 fax 1 610 660 8080 mhenzell 82 aol com 16 50 est copyright 2000 dow jones company inc rights reserved enron trading customers tighten credit reins cut trades 2001 10 31 16 05 new york new york oct 31 bloomberg american electric power co exelon corp northeast utilities among energy companies restricting business enron corp largest energy trader negotiates credit line keep access cash keeping tight dollar limit trades said john rowe co chief executive officer exelon largest u nuclear power producer keeping close eye exposures enron said seeking new sources credit company tries assure trading partners rating agencies meet day day obligations keep investment grade credit rating enron handles 25 percent energy trading u relies investment grade credit borrow enough settle transactions daily enron corp shares 59 percent since oct 16 rose 25 percent today 13 90 nine year low amid speculation company may takeover target still enron stock 83 percent year moody investors service last week lowered enron long term debt two notches junk status placed enron commercial paper review downgrade tracking closely wholesale volumes said stephen moore vice president moody leading indicator company going credit people energy trading accounted 98 percent enron 773 million income interest taxes last quarter company last week drew 3 billion credit line surprising investors writing 1 2 billion shareholder equity company also ousted chief financial officer andrew fastow reported partnership set lost 35 million company securities exchange commission asked company questions partnerships like fastow enron spokeswoman karen denne said company trades declined size natural gas trading volume dipped consistent monthly pattern energy executives said yesterday companies limiting enron trading reduce credit risks credit people coming traders saying enron hold new positions point may need trade existing positions said charlie sanchez energy markets manager houston based gelber associates corp energy trading adviser watching closely minneapolis minnesota based xcel energy inc electricity natural gas seller limiting business day next day delivery chief executive officer wayne brunetti said energy conference new orleans american electric power chief executive linn draper said conference company also making short term trades watching closely draper said focusing new deals short term november december think make serious situation northeast utilities based berlin connecticut continue trade enron long debt ratings remain investment grade said chief financial officer john forsgren also conference northeast new england biggest utility owner three weeks ago started monitoring position enron said forsgren right net payable exposure side probably keep way overblown many companies say enron remains economical efficient place trade electricity company credit woes overblown still actively trading believe work way said mike griswold trader hafslund trading co subsidiary norwegian energy company hafslund asa best liquidity best prices premier trading market david ward bradley keoun san francisco usa enron rebounds investors seek disclosure carolyn koo 10 31 2001 reuters english news service c reuters limited 2001 new york oct 31 reuters shares enron corp snapped back 10 straight days losses wednesday investors said deep plunge made stock attractive shares houston based enron lost 17 billion market capitalization rout surged almost 27 percent heavy trade making stock second active new york stock exchange third biggest gainer percentage despite surge investors analysts said still dissatisfied enron failure disclose key information said rebound could prove short lived largest trader natural gas power north america level stock attracting money however near term going good said tim ghriskey president money managers ghriskey capital partners llc enron past sold ago tempted couple times slide information flow strong potential negative surprises enron closed 2 74 24 6 percent 13 90 nyse stock surged intraday high 14 17 recouping past two days losses far 33 84 closing price enron oct 16 last day 10 day tumble began enron shares hammered past two weeks amid series unwelcome disclosures including murky balance sheet deals partnerships run chief financial officer andrew fastow disclosures forced fastow ouster led securities exchange commission inquiry enron caused least one credit rating agency cut enron senior debt credit status company said fastow removal aimed assuaging investor concerns almost daily disclosures forced draw 3 billion existing credit lines trying quantify worst case scenario enough say analysts investors enron needs substantially improve level disclosures said nitin khandkar portfolio manager dubai based al majid investment co owns enron stock accounting policies follows merely legal also reflect company true profitability industry heavyweight investors expect enron come clean controversial issues said one issue enron would well address partnerships liabilities may people still struggling trying quantify worst case scenario could said mike heim analyst g edwards sons existing partnerships instead dismissing worst case scenario think would make sense mathematically show happens scenario let analysts make assessments enron refusal make public finances greater transparency hallmark arrogance noted one academic lack transparency arrogance says explain anything people want buy shares sit spin said paul kedrosky professor university british columbia sits board exponentia company dedicated improving communications shareholders arrogance says disclose anything forced kedrosky said crucial thing disclose early disclose copyright 2000 dow jones company inc rights reserved waiting balance sheets amid enron debacle david wilson 2001 10 31 16 39 new york commentary david wilson columnist bloomberg news opinions expressed princeton new jersey oct 31 bloomberg international business machines corp press release third quarter results included statement attributed louis gerstner chairman chief executive officer ibm balance sheet remains among strongest technology industry industry largest maker computers provider computer services company cite balance sheet statistical summary company owned owed left shareholders specific date general electric co largest company stock market value citigroup inc 1 financial services company made similar references third quarter releases none companies really showed people telling ibm general electric citigroup among 19 members dow jones industrial average whose recent quarterly releases include balance sheets evidence come companies submit quarterly reports u securities exchange commission balance sheets required called 10 q filings along 10 k filings cover full year much publicity statistics companies assets liabilities shareholders equity accounting terms owned owed left rather outdated u companies 45 days end fiscal quarter submit 10 q reports 90 days end fiscal year 10 k reports filings usually arrive weeks publication earnings releases easy overlook additional information provide especially receive kind publicity earnings release yet recent example enron corp another company omits balance sheets press releases provides evidence investors forgo extra effort needed find peril enron largest energy trader reported 1 01 billion non recurring costs third quarter expansion water telecommunications retail energy sales expense contributed 618 million loss quarter numbers part houston based company income statement summary sales costs expenses profits losses specified time period income statements cornerstone company earnings release billion dollar numbers release even mention larger figure affected balance sheet 1 2 billion drop shareholders equity quarter resulting company repurchase 55 million shares two partnerships ljm cayman lp ljm 2 co investment lp helped finance projects andrew fastow ran partnerships ousted job chief financial officer last week chairman ceo kenneth lay disclosed repurchase subsequent conference call one two punch dealt blow investors fortunes since oct 17 day earnings release enron shares fallen day lost two thirds value low 10 90 yesterday lowest price since july 1992 enron third quarter statement referred loss finance arrangements previously disclosed entity contributed 544 million investment losses size item later put 35 million latter number amounts 3 5 percent overall figure non recurring costs less 1 percent company 47 6 billion revenue quarter growing debt burden 1 2 billion figure considerably larger dollars also percentage terms enron 11 74 billion shareholders equity june 30 according balance sheet second quarter 10 q filing reduction equaled 10 percent total among things balance sheet also shows company relied heavily debt financing year first half short term debt due one year less doubled 3 46 billion long term debt maturing one year rose 9 4 percent 9 36 billion even story enron indebtedness company guaranteed 3 3 billion borrowing osprey trust marlin water trust bought power plants unless pay debt reselling plants company may come difference nevertheless summary company financial position provides complete picture income statement alone also holds true companies whose finances better shape ibm general electric citigroup name three knowing showing members dow industrials wait filings provide balance sheets american express co corp boeing co caterpillar inc coca cola co walt disney co dupont co eastman kodak co exxon mobil corp general motors corp honeywell international inc johnson johnson mcdonald corp merck co procter gamble co sbc communications inc companies include releases alcoa inc hewlett packard co home depot inc intel corp international paper co microsoft corp minnesota mining manufacturing co j p morgan chase co philip morris cos united technologies corp wal mart stores inc citigroup third quarter earnings release quote sandy weill chairman ceo balance sheet strength make timely acquisitions expand franchises new york based company 85 billion total equity weill said statement general electric release quoted chairman ceo jeffrey immelt saying strong balance sheet gives us flexibility pursue strategic opportunities one fairfield connecticut based company fundamental strengths investors take ceos word companies many others telling rather showing least earnings releases enron shares rise rebounding nine year low update 3 2001 10 31 16 20 new york enron shares rise rebounding nine year low update 3 closes shares houston oct 31 bloomberg enron corp shares jumped 25 percent one day falling lowest level nine years amid speculation company may takeover target shares top energy trader rose 2 74 13 90 trading 43 4 million shares four times three month daily average 10 4 million shares reached 14 20 earlier day shares houston based enron fallen 83 percent year dropped 49 percent month amid u securities exchange commission inquiry partnerships headed andrew fastow enron former chief financial officer fastow ousted last week attempt restore confidence stock rumors potential takeover target think unlikely anyone buy point said zach wagner analyst edward jones co many uncertainties enron likely get large cash infusion investor wagner said wagner reduce rating enron shares stock wall street journal today said general electric co ge capital warren buffett berkshire hathaway inc royal dutch petroleum co among names bandied potential buyers part enron merrill lynch analyst donato eassey said report issued today enron net asset value 16 24 share based total asset value 32 billion 38 6 billion total obligations 18 2 billion eassey near term accumulate rating enron shares said enron considered investment high risk profile investors uncertainty attached company margot habiby dallas newsroom 214 954 9452