enron mentions enron may issue stock cover obligations wall street journal 10 24 01 enron tries dismiss finance doubts new york times 10 24 01 surge optimism prompts straddles enron cisco wall street journal 10 24 01 lay tries assure enron investors houston chronicle 10 24 01 observer busy signal financial times u k edition 10 24 01 usa enron mulls ways cover portfolio shortfalls wsj reuters english news service 10 24 01 enron may issue stock cover obligations dow jones business news 10 24 01 brief energy enron asks citigroup 750 million loan los angeles times 10 24 01 united states globe mail 10 24 01 everest st paul providian drop markets stay resilient wall street journal 10 24 01 u energy giant weighs move pull india asian wall street journal 10 24 01 uk lng delays could spawn shipping crisis analysts reuters english news service 10 24 01 india press british gas seeks ongc deal field control dow jones international news 10 24 01 bg offers ongc brazilian assets get managing rights india bloomberg 10 24 01 house stimulus bill would give billions huge companies senate democrats present alternative associated press newswires 10 23 01 wechsler harwood halebian feffer llp announces class periods pr newswire 10 23 01 stock analysis call cnnfn markets impact 10 23 01 economy enron may issue stock cover obligations rebecca smith john r emshwiller staff reporters wall street journal 10 24 2001 wall street journal 2 copyright c 2001 dow jones company inc enron corp might come several hundred million dollars next 20 months cover potential shortfalls investment vehicles created covering shortfalls could involve issuing additional enron shares diluting position current shareholders however enron treasurer ben glisan said interview yesterday company believes repay 3 3 billion notes sold investment vehicles without resort issuing stock notes sold investors recent years several entities known marlin water trust ii marlin water capital corp ii osprey trust osprey inc notes coming due next 20 months mr glisan said assets entities could sold pay notes also enron selling assets proceeds transactions also could go toward repaying notes ultimately guaranteed enron said appears asset sales raise least 2 2 billion end next year amount includes cash proceeds 1 55 billion previously announced sale enron portland general electric utility unit enron hopes complete sale end 2002 number assets believe raise sufficient proceeds repay notes mr glisan said wrong issue equity mr glisan said worst case scenario would involve issuing much 1 billion stock enron said 850 million shares outstanding making shortfall equity become expensive drop enron share price 4 p new york stock exchange composite trading enron shares 86 cents 19 79 stock one actively traded 27 million shares changing hands early year enron stock 80 share past week shares energy trading giant dropped 40 early last week enron reported 618 million third quarter loss resulting 1 01 billion write offs company also disclosed 1 2 billion reduction shareholder equity quarter result terminating certain transactions related partnership time headed enron chief financial officer andrew fastow july mr fastow ended connection partnership face growing concerns analysts major investors monday enron disclosed securities exchange commission looking transactions related mr fastow enron said dealings partnership proper turmoil past several days prompted enron schedule conference call yesterday morning wall street analysts others effort reassure investors enron chairman chief executive kenneth lay said extremely disappointed stock price businesses performing well mr lay executives said enron adequate liquidity meet needs mr fastow chief financial officer took part conference call neither mr lay would answer questions concerning fastow related partnership known ljm 2 co investment lp mr lay said sec midst inquiry concerning partnership arrangement raised conflict interest questions among analysts others mr lay cited shareholder suits filed recently another reason discuss partnership questions mr lay said concerned way andy character loosely tossed added continue highest faith confidence andy internal ljm 2 documents indicate mr fastow perhaps handful fellow enron officials made millions dollars management fees capital increases running partnership billions dollars enron assets stock involved ljm 2 related transactions according enron sec filings conference call analysts even longtime enron fans challenged executives fastow partnership arrangement company often opaque financial reports appearance hiding something said goldman sachs analyst david fleischer need everything power demonstrate investors dealings board mr lay responded trying transparent copyright 2000 dow jones section c enron tries dismiss finance doubts floyd norris 10 24 2001 new york times page 1 column 5 c 2001 new york times company enron ample access cash company chief executive said yesterday assured investors need additional write offs stemming unusual financing activities conference call investors hastily scheduled enron stock plunged monday chief executive kenneth w lay strongly defended company chief financial officer said conflict interest involved transactions securities exchange commission looking refused go detail transaction enron made partnerships run andrew fastow chief financial officer addition mr fastow declaring enron expects continue sufficient liquidity meet normal obligations declined answer questions conference call began trading opened new york stock exchange first seemed reassuring investors within minutes beginning call share price rallied 23 25 soon began falling ended day 86 cents 19 79 day low 19 62 lowest since jan 12 1998 78 percent high set stock summer 2000 recently investors focused company reported operating earnings showed good results became leading player energy markets focus shifted series transactions involving balance sheet financing one involving partnerships controlled mr fastow led 1 2 billion reduction shareholder equity raised concern last week led e c inquiries company disclosed monday one company strongest supporters david fleischer analyst goldman sachs told mr lay call yesterday enron forthcoming information appearance hiding something said call mr fleischer expressed disappointment engaged number transactions one wonders hard understand said interview forthcoming explaining needed said said still recommending stock think accountants auditors would allowed total shenanigans said absence total shenanigans going company tremendous value mr lay cited e c inquiries reason discussing details transactions involving partnerships controlled mr fastow emphasized company board continue highest faith confidence andy mr lay said auditors arthur andersen carefully reviewed enron reporting conjunction another balance sheet vehicle called marlin company owns one third azurix enron subsidiary owns wessex british water utility auditors determined write required said questioning richard grubman highfields capital management money management firm mr grubman said marlin owed almost 1 billion debt guaranteed enron assets azurix stake noting enron paid 300 million buy third azurix public shareholders since taken write downs investment azurix mr grubman asked company setting reserves cover exposure debt complicated arrangement could end satisfied issuance enron shares mr lay said action needed declined address details eventually cut mr grubman know trying drive stock price done pretty good job mr lay said let move next question mr fastow said company problem issuing commercial paper 1 85 billion debt outstanding said backed 3 35 billion bank lines credit 1 75 billion expire next may renewed mr lay said sorry misunderstanding resulted brief mention 1 2 billion reduction shareholder equity conference call last week noticed analysts reduction would apparent company released balance sheet earnings report said company would consider releasing balance sheets earnings reports future made promises large reduction shareholder equity affect reported earnings earnings release raised concerns sophisticated financing techniques used company might effectively keeping losses earnings statement e c expected look whether accounting transaction correct one questioner call said would easier understand enron released financial statements special purpose vehicles set enter transactions marlin mr lay said company look providing statements copyright 2000 dow jones company inc rights reserved options report surge optimism prompts straddles enron cisco kopin tan dow jones newswires 10 24 2001 wall street journal cl 4 copyright c 2001 dow jones company inc new york bullish calls traded heavily early investors encouraged ability stocks shrug anthrax scares bought calls replace stock holdings ride rallies one point ratio equity calls traded puts chicago board options exchange fell 0 28 compared 0 68 friday monday three month closing low 0 42 surge optimism also evident cboe market volatility index vix prompted traders begin covering downside widely watched stock indexes began retreat contrarians believe cboe equity put call ratio sends bearish signal 0 40 session end ratio 0 49 buyers drove robust call trading cisco systems maker internet switching equipment implied volatility also rose noted trader letco cboe specialist cisco options one investor bought thousands january 20 calls paying 115 contract right buy 100 shares stock 20 share mid january 4 p nasdaq stock market trading cisco 42 cents 16 41 january 20 calls fell 10 cents 90 cents cboe volume 27 048 contracts 6 861 contracts traded pacific exchange implied volatility enron near month options remains high even energy concern executives sought calm investors address concerns following news securities exchange commission looking houston company volatility spike makes enron viable candidate investors looking sell straddles selling calls puts strike price expiration particular enron money january 20 straddles offer rich premiums said lillian seidman seidman skupp options team miller tabak co new york enron 86 cents 19 79 new york stock exchange composite trading selling january 20 straddles would earn investor 750 straddle rich premium could offset cost buying stock sure selling straddles risky losses significant stock already fallen 38 week makes big move either direction straddles expire investors typically buy straddles expect big move underlying stock sellers pocket premium hope stock remains tight trading range copyright 2000 dow jones company inc rights reserved oct 24 2001 12 05 houston chronicle lay tries assure enron investors company credibility questioned laura goldberg copyright 2001 houston chronicle enron safeguards place protect shareholder interests chief financial officer ran two investment partnerships business enron company chief executive officer said tuesday houston based energy trader caught storm criticism chief financial officer andrew fastow former role two partnerships ljm cayman ljm 2 co investment entered complex financing hedging arrangements enron enron disclosed monday securities exchange commission opened informal inquiry transactions enron two partnerships declined say sec looking transactions disclosure enron stock fell almost 21 percent monday tuesday dropped another 86 cents close 19 79 news brought forefront ongoing complaints wall street enron financial mechanisms difficult understand enron provide detailed enough financial data performance tuesday morning enron chairman ceo ken lay held conference call investors analysts aimed addressing concerns remains seen whether succeeded based tenor questions call doubtful achieved result david fleischer goldman sachs analyst told lay company credibility severely questioned called everything power explain investors enron dealings aboveboard one find disclosure complete enough understand explain intricacies transactions said lay told callers limited speaking ljm partnerships sec inquiry say enron aware inherent conflict interest would result chief financial officer running investment partnerships business enron response enron set procedures lay said rigorously followed ensure shareholder interests compromised chinese wall ljm enron said adding enron obligated deals ljm entities enron best interest lay enron board continue highest faith confidence fastow added fastow resigned roles ljm entities june criticism wall street enron ended financial relationships partnerships took 35 million charge third quarter reduced shareholders equity 1 2 billion result call enron executives also addressed issues stressed enron expects continue sufficient liquidity carry normal operations took questions two financing vehicles whitewing atlantic water trust set could invest certain assets without issuing debt enron shares time investments enron lose current investment grade quality debt rating commitments made part financing vehicles could trigger steps would cause value enron current outstanding shares become diluted jeff dietert analyst simmons others found lines dropped mid stream heard volatile exchanges analysts company executives analyst chided part lowering company share price told ken lay enron chairman question quota time move c copyright financial times ltd rights reserved http www ft com copyright 2000 dow jones company inc rights reserved usa enron mulls ways cover portfolio shortfalls wsj 10 24 2001 reuters english news service c reuters limited 2001 new york oct 24 reuters enron corp treasurer ben glisan said company thinks repay 3 3 billion notes sold investment vehicles created without issue stock wall street journal reported online edition wednesday enron may need come funds cover potential shortfalls investment vehicles could involve issuing additional shares thereby diluting position current shareholders report said report cites tuesday interview glisan said notes sold investors recent years several entities coming due next 20 months entities known marlin water trust ii marlin water capital corp ii osprey trust osprey inc report said according report glisan said assets entities could sold pay notes enron selling assets report said according newspaper proceeds sales could go toward repaying notes ultimately guaranteed enron glisan according report said looks like asset sales raise least 2 2 billion end 2002 number assets believe raise sufficient proceeds repay notes glisan said according report wrong issue equity according report glisan said worst case scenario would involve issuing much 1 billion stock enron held conference call tuesday seeking assuage investor concerns u regulators said looking transactions involving company chief financial officer stock shed 10 billion value past week enron said call tap 3 35 billion credit line suggesting enough liquidity operate core trading marketing business experience wide swings cash flow depending commodity prices market hedges copyright 2000 dow jones company inc rights reserved enron may issue stock cover obligations 10 24 2001 dow jones business news copyright c 2001 dow jones company inc enron corp might come several hundred million dollars next 20 months cover potential shortfalls investment vehicles created wednesday wall street journal reported covering shortfalls could involve issuing additional enron ene shares diluting position current shareholders however enron treasurer ben glisan said interview yesterday company believes repay 3 3 billion notes sold investment vehicles without resort issuing stock notes sold investors recent years several entities known marlin water trust ii marlin water capital corp ii osprey trust osprey inc notes coming due next 20 months mr glisan said assets entities could sold pay notes also enron selling assets proceeds transactions also could go toward repaying notes ultimately guaranteed enron said appears asset sales raise least 2 2 billion end next year amount includes cash proceeds 1 55 billion previously announced sale enron portland general electric utility unit enron hopes complete sale end 2002 number assets believe raise sufficient proceeds repay notes mr glisan said wrong issue equity mr glisan said worst case scenario would involve issuing much 1 billion stock enron said 850 million shares outstanding making shortfall equity become expensive drop enron share price 4 p new york stock exchange composite trading enron shares 86 cents 19 79 stock one actively traded 27 million shares changing hands early year enron stock 80 share copyright c 2001 dow jones company inc rights reserved copyright 2000 dow jones financial desk brief energy enron asks citigroup 750 million loan bloomberg news 10 24 2001 los angeles times home edition c 2 copyright 2001 times mirror company enron corp biggest energy trader asked citigroup inc arrange 750 million loan ensuring access credit beleaguered company cut money markets say people familiar matter enron shares bonds plunged firm said securities exchange commission probing finances houston based business whose stock fallen 75 year amid concerns failed investments depends 3 billion commercial paper short term debt program finance day day operations second tier commercial paper borrower ratings drop may cut enron commercial paper market raise costs short term debt enron shares dropped 86 cents close 19 79 new york stock exchange copyright 2000 dow jones company inc rights reserved report business wall street journal news united states wall street journal 10 24 2001 globe mail metro b 9 material copyright c bell globemedia publishing inc licensors rights reserved enron corp might come several hundred million dollars next 18 months cover potential shortfalls investment vehicles created treasurer ben glisan said possible shortfall related 3 2 billion u notes related entities sold investors since 1999 said proceeds notes invested various enron assets mr glisan said notes come due next 18 months enron still hopes sell enough assets fully repay notes however making shortfall funds raised selling stock become expensive enron share price plunged past week shares energy trading giant fallen 40 per cent copyright 2000 dow jones company inc rights reserved abreast market everest st paul providian drop markets stay resilient robert brien dow jones newswires 10 24 2001 wall street journal c 2 copyright c 2001 dow jones company inc new york stocks ended slightly lower recently resilient market largely withstood effects dismal corporate profit statements shares drug maker pharmacia fell 4 37 13 38 39 company issued third quarter results topped wall street forecasts also issued 2002 profit projections left analysts disappointed fact several drug companies saw stock prices fall investors responded quarterly profit statements shares bristol myers squibb example gave 1 68 2 8 58 02 american home products lost 1 40 2 3 58 90 schering plough eased 74 cents 1 9 38 17 shares several insurance reinsurance providers also pulled back reaction profit statements everest falling 6 40 8 4 69 50 st paul dropping 93 cents 1 9 49 25 power utility exelon chicago set back 3 42 7 7 41 08 third quarter results topped forecasts drew critical comments several analysts nevertheless even grim earnings outlook investors showed continued reluctance throw towel institutional investors busy trying gauge sentiment market richard cripps market strategist legg mason said fear market makes four five percent upside run quickly eminently possible afford miss seasonal factors also played role supporting stock prices recently many mutual funds example fiscal year concludes end october called window dressing buying stocks investment disciplines say portfolio others need boost overall exposure equities market whatever reason market making big moves prices risen modest moves declined dow jones industrial average ran 172 92 points monday declined 36 95 points yesterday loss 0 39 9340 08 nasdaq composite index declined 3 64 points 0 21 1704 44 volume levels showed improvement monday rather sluggish pace investors completely rolled handful situations ire raised lashed stocks repeatedly shares sbc communications one monday disappointments got punished falling 2 62 6 3 38 78 fell back range 52 week low 38 20 set june 26 consumer lender providian financial got sent fresh 52 week low 41 cents 8 3 4 55 enron fallen concerns conflicts interest dealings among company power marketer partnerships set run chief financial officer dropped additional 86 cents 4 2 19 79 hitting 52 week low intraday winning profit statements shares csx example rose 2 45 7 5 35 19 richmond va rail freight concern reported third quarter earnings fell short year ago performance nevertheless managed top wall street forecasts vitesse semiconductor nasdaq camarillo calif maker integrated circuits used high bandwidth communications networks added 43 cents 4 5 9 99 even though company losses fiscal fourth quarter proved sharper expected netiq nasdaq dropped 4 23 14 26 17 even though santa clara calif developer networking software posted fiscal first quarter results late monday topped analysts looking chartered semiconductor nasdaq advanced 40 cents 2 1 19 10 singapore chip foundry reported third quarter results showed loss period nevertheless proved little encouraging analysts projected shares several cable television operators moved higher charter communications added 59 cents 4 5 13 62 comcast gained 40 cents 1 1 36 82 cox communications rose 44 cents 1 1 40 15 thomas weisel partners said cable operators benefit sbc communications decision revealed monday quarterly results scale back growth digital subscriber line service offering earthlink nasdaq slid 2 51 14 14 85 atlanta internet service provider issued stronger expected third quarter results also signaled customer growth slowed ruling could lead erection barriers limiting steel imports usx u steel group gained 28 cents 1 9 15 02 nucor rose 1 05 2 5 42 87 ak steel improved 41 cents 4 6 9 31 mckesson advanced 1 56 4 2 38 95 san francisco drug distributor health care information technology provider posted stronger expected fiscal second quarter results watson pharmaceuticals fell 3 05 6 48 11 ubs warburg reduced rating corona calif drug maker lowered earnings projections company furniture brands dropped 2 04 8 9 20 96 ubs warburg cut rating st louis furniture manufacturer saying believes company lost market share rival manufacturers copyright 2000 dow jones company inc rights reserved international news u energy giant weighs move pull india associated press 10 24 2001 asian wall street journal 9 copyright c 2001 dow jones company inc new delhi following enron corp u energy company aes corp turned indian prime minister help settling grievances state government letter atal bihari vajpayee aes corp president dennis w bakke said company determination continue india tested government eastern orissa state copy letter dated oct 1 made available associated press aes operates two power plants orissa holds 49 orissa power generation corp manages main power distribution company state aes enron major american power companies make big investments india since government allowed foreign investment sector early 1990 letter mr bakke drew mr vajpayee attention expropriation repeated contract violations intimidation direct interference day day management state government agencies copyright 2000 dow jones company inc rights reserved uk lng delays could spawn shipping crisis analysts pete harrison 10 24 2001 reuters english news service c reuters limited 2001 london oct 24 reuters transport chain supporting global lng industry finely poised coming years profitability crisis oversupply projects miss deadlines shipping analysts warn lng tankers ever constructed shipyards far east many ordered speculatively anticipated demand might emerge later scheduled issue timing jarle sjo shipping equity analyst oslo based investment bank first securities told reuters historically lng projects delayed estimate six months happens probably get ugly short term added world fleet lng tankers currently numbers 123 swollen 37 percent end 2004 according shipping database fairplay gas industry analysts expect lng projects delayed result economic downturn excess capacity existing plants asia sharp fall u natural gas prices year svein erik amundsen managing director norwegian shipping group bergesen said sustained economic downturn could consequences surprised project delays told reuters could result tonnage coming yards without immediate employment think say still optimistic cautiously optimistic added bergesen three new lng ships order two already contracted belgian gas distributor distrigas stop think world largest pure lng shipping player golar lng historically bullish outlook also forced stop consider problem golar six ships locked long term contracts four construction south korea daewoo hyundai yards yet firm future employment reasonable balance production coming onstream amount ships ordered golar executive vp sveinung stohle told reuters risk things might delayed stohle said contracting new ships remained option also developing lng trading arm might use golar closest competitor terms size exmar taking traditional approach six ships order said would leave little possible chance chartered except samsung ship offer qatari rasgas tender managing director nicolas saverys told reuters four booked el paso one enron said upcoming projects supply production agreements place would risky companies place fresh ship orders good time wait said saverys copyright 2000 dow jones company inc rights reserved india press british gas seeks ongc deal field control 10 24 2001 dow jones international news copyright c 2001 dow jones company inc new delhi dow jones british gas offered india oil natural gas corp p ong equity exploration acreage brazil cash settlement lieu operatorship tapti panna mukta oil fields economic times reported wednesday ongc reliance industries ltd p rel claiming operatorship tapti panna mukta oil fields following enron oil gas india ltd 30 stake sale bg according report state owned ongc holds 40 stake panna mukta tapti fields reliance owns 30 enron oil gas stake sale fall bg given operatorship oil fields nigel shaw vice president bg india said report shaw said equity partners discussions issue operatorship report said british gas unit bg group plc brg enron oil 91 11 461 9426 ruchira singh dowjones com copyright 2000 dow jones company inc rights reserved bg offers ongc brazilian assets get managing rights india 2001 10 24 01 12 new york mumbai oct 24 bloomberg bg group plc offered oil senate democrats present alternative curt anderson ap tax writer 10 23 2001 associated press newswires copyright 2001 associated press rights reserved washington ap general motors ibm kmart among corporations would receive billions dollars tax refunds 100 billion house republican economic stimulus package democrats say far generous companies little individuals seven companies would get total 3 3 billion refunds alternative minimum taxes paid far back 1986 tax house legislation also would repeal outright intended ensure basic minimum income tax paid companies individuals claim numerous deductions credits ibm would get 1 4 billion refund according nonpartisan congressional research service gm would get 832 million kmart 102 million general electric 671 million others specified big refunds include energy giant enron 254 million u steel 39 million grocery chain kroger 9 million addition study found ford motor co would get refund could total 2 3 billion chevron could reach 314 million counting repeal tax corporations would get 25 billion tax relief minimum tax provisions 2002 alone addition bill would make permanent temporary tax break financial services firms lot overseas business providing 21 billion tax relief 10 years generous corporate tax breaks among contentious items house gop measure scheduled floor vote wednesday democrats say measure certain change reaches senate bush administration also signaled 100 billion costly clear house bill pass senate said sen john breaux la individuals house legislation includes new round tax rebate checks workers get summer cut current 27 percent income tax rate 25 percent 2002 four years earlier enacted tax cut measure also reduces capital gains rates 20 percent 18 percent taxpayers enhances business equipment write offs allows companies deduct current losses taxes paid five years earlier primary sponsor ways means committee chairman bill thomas said newspaper opinion piece published tuesday usa today legislation shot adrenaline help restart economy triggering inflation businesses generate jobs jobs core strong economy wrote thomas r calif bipartisan support backs house items senate democrats pushing expanded unemployment benefits help workers lose health insurance sen max baucus chairman senate finance committee presented 70 billion proposal tuesday would extend unemployment benefits 13 weeks provide 50 percent federal match cobra health insurance policies allow workers qualify medicaid legislation also includes rebate checks business items similar house bill capital gains reduction alternative minimum tax relief tax cuts baucus measure would total 35 billion 2002 far house gop level proposal appropriately responds sign times helping nation get back work recover quickly said baucus mont democrats working spending programs senate appropriations committee chairman robert byrd w va said putting together 20 billion package included hiring extra customs border agents food inspectors augmented security nuclear plants purchase vaccines sen charles grassley r iowa said president bush want stimulus bill laden additional spending everything package needs stimulative grassley said needs done investment side net house members http www house gov house memberwww html copyright 2000 dow jones company inc rights reserved wechsler harwood halebian enron corp ene new york oct 23 prnewswire notice persons transacted following securities respective class periods corporation class period due date dqe inc 12 06 00 04 30 01 12 05 01 nyse dqe enron corp 01 18 00 10 17 01 12 21 01 nyse ene wechsler harwood halebian feffer llp wechsler harwood http www whhf com retained investigate claims filed class action complaints involving securities companies behalf investors wechsler harwood extensive experience representing shareholders class actions served lead counsel behalf shareholders many actions reputation expertise firm shareholder class actions repeatedly recognized courts wish discuss actions questions concerning notice rights interests respect matters please contact wechsler harwood halebian dqe inc pguiteau whhf com whhfus yahoo com ramon pinon iv wechsler harwood shareholder relations department enron corp rpinoniv whhf com whhfus yahoo com make opinion count click contact dqe patricia guiteau 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