enron mentions usa u stocks slip fed rate cut euphoria fades reuters english news service 11 07 07 usa commodities traders keep faith enron reuters english news service 11 07 01 enron calls emergency meeting banks friday ft dow jones energy service 11 07 01 us power gas companies restrict dealings enron dow jones energy service 11 07 07 money word could bite enron others dow jones news service 11 07 01 usa dynegy may invest 2 bln enron wsj com reuters english news service 11 07 01 usa update 1 enron shares plunge new tumble touch 7 reuters english news service 11 07 01 dynegy weighs 2 billion investment enron possible step toward merger dow jones business news 11 07 01 enron corp cut sell g edwards bloomberg 11 07 01 dynegy talks buy enron chevrontexaco cash bloomberg 11 07 01 legal group sue california power contracts updatel bloomberg 11 07 07 enron meet lenders merger possible yield increase bloomberg 11 07 01 enron shares fall concern finding investors update 3 bloomberg 11 07 01 enron calls emergency meeting banks financial times com 11 07 01 night watch enron ticks higher extended trading thestreet com 11 07 07 glamour stocks ugly deep realmoney com 11 07 01 fundie firing comes better late never realmoney com 11 07 01 usa u stocks slip fed rate cut euphoria fades elizabeth lazarowitz 11 07 2001 reuters english news service c reuters limited 2001 new york nov 7 reuters stocks slipped wednesday eroding previous session sharp gains worries gloomy economic environment overshadowed hopes federal reserve rate cuts help spur rebound get fights bulls bears said james volk co director institutional trading davidson co number people bullish economy turning around another group think reason buoyancy market still way way premature market initially built tuesday rally fed 10 th interest rate cut year sent stocks soaring highest levels two months momentum faded toward end wednesday session big run yesterday fed announcement said peter coolidge senior equity trader brean murray co announcement expected run giving little bit ground technology laced nasdaq composite buffeted early session disappointing results discouraging forecast wireless telecommunications firm qualcomm inc finished gain 2 45 points 0 13 percent 1 837 53 dow jones industrial average slipped 36 75 points 0 38 percent 9 554 37 session high 9 644 12 blue chip index erased post sept 11 losses broader standard poor 500 index fell 3 06 points 0 27 percent 1 115 80 shares hewlett packard co dragged dow hp compaq computer corp stood firm plans 21 billion merger even pressure mounted hewlett packard family members cancel deal hewlett shares slipped 63 cents 19 18 stock gained 17 percent tuesday founding hewlett family stake 5 percent hewlett packard said would vote deal compaq stock sagged 51 cents 7 99 energy trader enron corp badly beaten yet plunging 10 year low 7 amid concerns ability raise cash late day got boost wall street journal report rival dynegy inc talks infuse 2 billion struggling company enron ended 62 cents 9 05 interest rate sensitive financial stocks like j p morgan chase 1 05 38 59 american express co 1 12 31 68 underpinned blue chip dow stocks surged recent weeks investors put aside current economic woes hopeful fed rate reductions hefty fiscal stimulus package help economy spring back middle next year investors got encouragement latest key economic report showed productivity rose strongly expected third quarter firms cut workers hours fastest pace 10 years government data suggested companies adjusting slowdown economic growth time productivity good news market said robert baur chief economist invista capital management oversees 24 billion equities wireless related stocks buffeted qualcomm holds patent popular cellular technology reported earnings missed forecasts also said profits current fiscal year would low end already reduced estimates citing global economic slowdown nevertheless qualcomm still managed erase early loss gain 38 cents 55 11 american traded shares swedish mobile phone giant ericsson slipped 16 cents 4 73 shares finnish rival nokia dropped 86 cents 22 20 heavyweights like networking giant cisco systems also underpinned nasdaq market cisco gained 46 cents 18 93 market likely remain rangebound near future investors search solid evidence recovery hand analysts said usually time traders tend take gains nothing left short term look forward said c moore chief investment strategist dunvegan associates one bright spot america 1 trash hauler waste management inc posted net profit due part lower costs interest expenses even taking charge settle last series class action lawsuits jumped 1 63 26 98 shares lands end inc also hot racing almost 18 percent 6 41 42 15 internet catalog retailer posted quarterly results handily beat wall street forecasts effective cost controls solid sales full priced merchandise copyright 2000 dow jones company inc rights reserved usa commodities traders keep faith enron 11 07 2001 reuters english news service c reuters limited 2001 new york nov 7 reuters enron corp may lost luster financial markets trading partners north america natural gas power arenas supremely confident largest trading entity go changing anything credit arrangements enron still paying bills said one electricity trader credit wise okay people watching people probably little wary forwards market may think twice going five year deal added matter fact transactions houston based company power trading system enrononline higher past 30 days averaging 3 billion 4 billion 2 5 billion earlier period making enrononline far biggest trader electricity traders played reports wednesday new york mercantile exchange clearing firms raising margin requirements enron trades natural gas futures markets would normal procedure credit downgrades said trader major midwest gas power trader despite fears increased credit margins might cause crunch embattled energy giant many traders still say business usual plenty credit us still viable trading partner said natural gas trader one enron largest natural gas trading partners enron share price gone tailspin recent weeks company reported first quarterly loss four years concerns complex finances led probe securities exchange commission series downgrades major credit ratings agencies ratings agencies like standard poor said would consider cutting enron rating saw change behavior enron trading partners janet mcgurty new york equities 1 646 223 6093 janet mcgurty reuters com copyright 2000 dow jones company inc rights reserved enron calls emergency meeting banks friday ft 11 07 2001 dow jones energy service copyright c 2001 dow jones company inc new york dow jones enron corp ene called emergency meeting banks held friday financial times reported web site wednesday banks 3 3 billion exposure enron described meeting scheduled take place enron headquarters houston texas make break financial times reported financial times quoted unnamed bank executive saying pivotal meeting lots credit lines due next six months need talk enron fails complete deal another company friday meeting need persuade banks extend credit lines financial times reported banks greatest exposure enron include credit suisse deutsche bank citigroup barclays financial times reported copyright 2000 dow jones company inc rights reserved us power gas companies restrict dealings enron jon kamp kristen mcnamara mark golden dow jones newswires 11 07 2001 dow jones energy service copyright c 2001 dow jones company inc new york dow jones trading companies enron corp ene key north american power gas markets restricting dealings ailing houston based giant people companies said wednesday concerns mounted enron accounts quarter trade country power gas markets makes market commodities internet based system enrononline seen share price fall 75 credit ratings downgraded since mid october due uncertainties extremely complex financial structure restricted business said mike smith chief financial officer mirant corp mir unit mirant americas group top 10 trader power gas u smith specific comments echoed others business exposure enron insignificant compared previous exposure said al butkus spokesman aquila inc ila top 5 u power gas trader tractebel energy marketing north american subsidiary belgian company tractebel limited term transactions enron three years less person company said power broker said medium sized western utilities stopped trading enron even near term delivery enron return calls seeking comment enron ability transact core markets north american wholesale gas power essential company maintain earnings cash flow needed emerge current credit crisis wall street analysts ratings agencies said standard poor moody investors service downgraded enron credit within two steps junk bond status last week watch downgrade enron still supporters exelon corp exc monitoring risk management changed relationship enron chief financial officer ruth ann gillis said changed relationship gillis said enron important factor vitality wholesale energy markets said still largest best companies said likewise trading floor manager one energy company said enron called earlier week asked company increase trading enrononline company eol volumes fallen honored enron request respect enron still market making power ppl corp ppl however moved mitigate exposure enron following downgrades said person company energy marketing operation ppl energyplus llc enron would first choice long term transactions person said shorter terms deals considered equally everyone else much risk corrected 2151 gmt item ran around 16 36 est 2136 gmt exelon corp name misspelled 2151 gmt copyright 2000 dow jones company inc rights reserved money word could bite enron others carol remond 11 07 2001 dow jones news service copyright c 2001 dow jones 201 938 2074 dow jones newswires carol remond dowjones com copyright 2000 dow jones company inc rights reserved usa dynegy may invest 2 bln enron wsj com 11 07 2001 reuters english news service c reuters limited 2001 new york nov 7 reuters energy company dynegy inc considering investing 2 billion rival enron corp transaction may lead merger companies wall street journal reported online edition wednesday journal said formal announcement transaction could made soon thursday cite source information enron dynegy houston based declined comment copyright 2000 dow jones company inc rights reserved usa update 1 enron shares plunge new tumble touch 7 11 07 2001 reuters english news service c reuters limited 2001 updates share price report enron approached warren buffett paragraph 4 enron discussed merger dynegy paragraph 6 el paso comments paragraphs 11 14 new york nov 7 reuters shares enron corp plunged new round selling wednesday touching 10 year low concerns linger energy trading giant ability raise cash restore investor confidence company stock slid 27 percent intraday trade new york stock exchange paring losses trade 1 47 15 2 percent 8 20 afternoon stock briefly touched 7 price last seen may 1991 enron active stock nyse trading second largest loser percentage terms stock almost 78 percent since company released earnings results oct 16 set recent tumble representatives enron approached warren buffett chairman berkshire hathaway inc taking stake energy trader new york times reported tuesday exploring options strengthen balance sheet increase investors confidence said enron spokesman mark palmer declined go detail discuss specific companies cnbc reported enron dynegy inc held talks range options including merger network cited sources close talks enron dynegy said comment speculation spokeswoman berkshire hathaway said buffett traveling could reached issues plagued houston based company past three weeks continue weigh according jeff dietert analyst simmons co bit vicious cycle said stock price declines credit concerns go counterparties attempt reduce exposure earnings power company deteriorates added nation largest trader natural gas electricity needs get ducks row meet stock bond holders discuss enron capitalization plans strengthening balance sheet already least one enron rivals benefiting company woes el paso corp also runs energy marketing trading business said wednesday gained market share past weeks result reluctance part companies business enron ralph eads heads el paso merchant energy business said expect enron file bankruptcy said el paso scaled back business dealings company also said expect enron problems lead reduced liquidity u electricity natural gas markets scenario troubled analysts investors enron attack investor unease balance sheet transactions led 1 2 billion write shareholder equity deals conducted partnerships run ousted chief financial officer andrew fastow investigation u securities exchange commission copyright 2000 dow jones company inc rights reserved dynegy weighs 2 billion investment enron possible step toward merger robin sidel 11 07 2001 dow jones business news copyright c 2001 dow jones company inc staff reporter wall street journal dynegy inc advanced discussions infuse 2 billion enron corp transaction may lead full blown merger two companies people familiar matter said formal transaction could unveiled early thursday people said situation fluid subject change people noted enron ene rocked last month disclosure 1 2 billion reduction equity base partly tied financial dealings company partnerships headed enron former chief financial officer last month reported third quarter loss 618 million securities exchange commission launched formal investigation matter last week enron secured 1 billion new credit lines using gas pipeline assets collateral enron needs infusion part previously announced plans raise cash sale power assets going slowly expected mostly though needs restore credibility wall street time access financing markets drying enron declined comment dynegy reached comment news dynegy discussions first reported cnbc dynegy dyn houston based power producer trader write robin sidel robin sidel wsj com copyright c 2001 dow jones company inc rights reserved copyright 2000 dow jones company inc rights reserved enron corp cut sell g edwards 2001 11 07 16 04 new york princeton new jersey nov 7 bloomberg data enron corp ene us downgraded sell hold analyst michael c heim g edwards sons inc dynegy talks buy enron chevrontexaco cash update 2 2001 11 07 16 08 new york dynegy talks buy enron chevrontexaco cash update 2 updates closing share prices houston nov 7 bloomberg dynegy inc talks buy enron corp enron faces cash crunch loss investor confidence dealings partnerships controlled top executive people familiar situation said chevrontexaco corp owns 27 percent dynegy considering adding 1 5 billion deal help enron whose stock credit ratings declined wake securities exchange commission investigation partnerships people said boards three companies meeting today proposed transaction people said dynegy enron rival houston energy trading firms agreed price people said dynegy proposing stock swap modest premium enron holding people said history guide dynegy stingy comes acquisitions expect anything stupid overpaying enron said ubs warburg llc analyst james yanello deal could provide dynegy tremendous opportunity dynegy would gain established wholesale energy business leading energy manager commercial small industrial customers largest internet energy trading operation many times larger dynegy said yanello rates dynegy strong buy shares either company shares dynegy fifth largest u natural gas marketer fell 3 33 enron whose stock plunged 89 percent year fell 62 cents 9 05 trading 111 million shares almost eight times daily average past three months chevrontexaco shares rose 48 cents 87 28 companies agreed breakup fee providing dynegy 400 million enron accepts higher offer one person said partnership probe chevrontexaco spokesman fred gorell declined comment enron spokesman mark palmer dynegy spokesman steve stengel also declined comment would surprised dynegy buys whole company said tim ghriskey president ghriskey capital partners enron dynegy shares dynegy board look happening stock price today wonder would want face happening stock talks previously reported wall street journal financial news network cnbc enron also set meet j p morgan chase co citigroup inc lenders friday discuss merger plans possible increase amount company pays existing credit lines according bankers familiar matter company invited 300 creditors offices houston listen presentations enron financial team led new chief financial officer jeffrey mcmahon people said sec investigating enron partnerships run company former chief financial officer entities bought sold enron shares assets trades cost enron 35 million company also lost 1 2 billion shareholder equity legal group sue california power contracts updatel 2001 11 07 15 39 new york legal group sue california power contracts updatel adds background group eighth paragraph dwr response ninth paragraph escondido california nov 7 bloomberg conservative legal foundation said file lawsuit tomorrow void long term contracts california signed power generators claiming put unfair burden taxpayers united states justice foundation intends sue sacramento county superior court said richard ackerman lead counsel case group usjf wants court terminate long term power contracts require money already paid generators returned state usjf proposes class action represent california taxpayers alleges violations state business open meeting laws ackerman said group may need forge new law succeed case gon na serious legal battles may go appeals level case ackerman said california officials last spring signed 43 billion long term power contracts two investor owned utilities became insolvent governor gray davis said contracts needed bring stability california energy market since cost power dropped leaving california contracts buy electricity spot market prices enron corp southern california edison company pacific gas electric company green mountain energy san diego gas electric company reliant energy company pacificorp power marketing inc alliance colton llc calpine energy company electricity contracts state according usjf press release conservative voice usjf said sent letter california officials giving notice intent sue group calls conservative voice courts web site supported individual donations ackerman said group rallied civil unions homosexuals mandatory student fees group claimed illegal taxes parents favor prayer schools resumption u assignations foreign political figures according web site california department water resources agency buying power behalf utilities unaware lawsuit therefore comment spokesman oscar hidalgo said spokesman davis immediately available comment enron meet lenders merger possible yield increase 2001 11 07 15 38 new york new york nov 7 bloomberg enron corp set meet j p morgan chase co citigroup inc lenders friday discuss merger plans possible increase amount company pays existing credit lines according bankers familiar matter company invited 300 creditors offices houston listen presentations enron financial team led new chief financial officer jeffrey mcmahon people said discussions focus bid dynegy inc acquire largest energy trader facing cash crunch falling credit ratings people familiar situation said bankers also asked enron consider increase yield 3 billion credit lines drew last month interest rate 35 basis points london interbank offered rate libor loans set may company share price plummeted credit ratings downgraded 1 billion credit line arranged last month j p morgan citibank enron paying much 2 5 percentage points libor enron officials declined comment enron shares fall concern finding investors update 3 2001 11 07 15 35 new york enron shares fall concern finding investors update 3 adds standard poor comment third paragraph houston nov 7 bloomberg enron corp shares fell much 28 percent lowest level decade amid reports 1 energy trader struggling find investors help cash crunch shares enron fell 63 cents 6 5 percent 9 04 late trading shares dropped 7 earlier yesterday close fallen 88 percent year real access cash bank market said todd shipman standard poor director covers enron equity infusion still think would important part stabilizing situation shares pared today losses people familiar situation said enron discussing merger rival dynegy inc companies based houston dynegy shares fell 2 78 7 7 percent 33 22 berkshire hathaway inc chairman warren buffett decided investing enron willing sign confidentiality agreement would keep trading enron debt new york times reported today citing unidentified person close talks companies approached enron including clayton dubilier rice blackstone group kohlberg kravis roberts co also shown little interest newspaper said many shrewd investors like goldman sachs might find profitable pluck key employees rather invest enron said sean egan managing director egan jones rating co sec investigation u securities exchange commission investigating enron partnerships run company former chief financial officer entities bought sold enron shares assets trades costing enron 35 million 1 2 billion lost shareholder equity enron ousted cfo andrew fastow last month standard poor today reduced rating enron credit linked notes match downgrade last week company unsecured bonds p cut four enron credit linked issues valued 1 36 billion combined bbb bbb indicated may lower grades shipman said move additional downgrade made last week qwest bullies analyst community overpromises underdelivers qwest justifiably lost trust investment community take years execution fence mending earn trust back ask cendant ceo henry silverman still paying damage inflicted upon former cendant chairman walter forbes pleaded guilty conspiracy wire fraud charges go worldcom wcom nasdaq news commentary instead guys actually get among telecom industry best operators best dealmakers like everyone else goofed found religion quarter operating results show promise previously skeptical analysts lehman merrill nice things say company think worldcom stock going back 60 could see driving age year end know also tempting think economy rebounds consumer finance stocks scream turned providian pvn nyse news commentary conseco cnc nyse news commentary providian recently hired pals goldman sachs help forget providian feels like doughnut balance sheet mess know bad may know bad moreover candid investment community conseco announced gary wendt senior managers bought bunch stock money love see management buying stock one feels staged pre wendt conseco long history management buying stock loans corporate treasury moreover 1 million shares 3 million much money wendt would like see buy 25 million restricted stock directly company conseco probably best speculative bet bunch would still pass high risk situation given leveraged state balance sheet wendt tremendous manager great job ge capital however would first guy sequel bombs box office go citigroup c nyse news commentary instead citigroup biggest best financial services company world wendt something special would draft weill rubin ahead ceo rotisserie league best way make money stay trouble stick singles doubles tempted fundie firing comes better late never james j cramer realmoney com 11 07 2001 09 17 est hallelujah someone mutual fund land lost job crummy performance two years ago merrill lynch decided hire real mutual fund gunner james mccall install merrill lynch focus twenty premier growth funds mccall pbhg guy total gunner true basketball sense offense came merrill played game buying stocks railing last 18 months guy owned proceeded totally stink joint mourn mccall represented worst strain money manager kind never met high growth stock like man give hoot valuation bets bea systems juniper emc sonus celestica oni systems extreme enough give hook also bit enron mccall funds dead last merrill fund standing left happen wish happened sooner industry made mess last years picking managers reckless stock picks never thought downside industry really let investors departure mccall good sign things returning sacrifice upside order spare investors massive downside mccall experienced let hope mutual fund families exercise similar discretion better late never