enron mentions enron taps 3 billion bank lines pre emptive move ensure liquidity firm pay debt keep cash cushion wall street journal 10 26 01 deals deal makers enron officials sell shares amid stock price slump wall street journal 10 26 01 enron financial troubles reverberate bonds poor liquidity credit rating concerns wall street journal 10 26 01 analysts remain plugged enron wall street journal 10 26 01 enron draws 3 bln credit boost investor confidence bloomberg 10 26 01 enron liked analysts despite complicated dealings wsj says bloomberg 10 26 01 enron draws 3 billion credit lines wsj reports bloomberg 10 26 01 action enron halts stock fall houston chronicle 10 26 01 corporate us track bailout guardian 10 26 01 harvey pitt e c guard dog friendly puppy new york times 10 26 01 enron draws least 1 bln usd credit lines boost mkt confidence afx news 10 26 01 five dumbest things wall street week thestreet com 10 26 01 stocks post gains rough morning washington post 10 26 01 sudhakar head enron probe panel times india 10 26 01 enron taps 3 billion bank lines pre emptive move ensure liquidity dow jones business news 10 25 01 enron chief executive resigns board 2 technologies associated press newswires 10 25 01 enron woes unnerve investors energy sector analysts say problems isolated associated press newswires 10 25 01 enron credit outlook downgraded negative calif pwr contract talks dow jones energy service 10 25 01 spector roseman kodroff p c files class action suit enron corporation pr newswire 10 25 01 tgs q 3 net profit 22 pct yr yr higher ngl sales transport revenues afx news 10 25 01 enron draws credit facility dow jones news service 10 25 01 enron employees watch options devalue shares fall correct bloomberg 10 25 01 enron taps 3 billion bank lines pre emptive move ensure liquidity firm pay debt keep cash cushion wall street journal staff reporters john r emshwiller rebecca smith jathon sapsford 10 26 2001 wall street journal cl copyright c 2001 dow jones company inc enron corp drew 3 billion bulk available bank credit lines bid restore confidence financial strength liquidity enron use part money offer redeem 1 85 billion outstanding commercial paper short term corporate ious according person familiar matter remainder providing energy concern cash cushion observers believe move pre emptive step enron ensure adequate liquidity access bank lines interrupted person also said enron talking banks new multibillion dollar credit line enron insists business operation financial condition remain strong market reacting irrationally last days thought cash better commitment bank said enron spokesman statement company new chief financial officer jeff mcmahon said drawing bank lines making clear enron support banks adequate liquidity assure customers fulfill commitments move underscored tumultuous conditions sweeping houston energy trading concern past 10 days enron nation largest energy trader principal nearly one quarter electricity natural gas trades yesterday example enron involved 4 billion deals enrononline unit since early last week enron share price plummeted 50 last week reported 618 million third quarter loss reduction shareholder equity 1 2 billion also disclosed securities exchange commission conducting inquiry billions dollars transactions entities connected former chief financial officer andrew fastow replaced wednesday draw credit facilities came one rating agency fitch put enron review possible downgrade another standard takes time sell assets particularly today slower economy company also suffering string disclosure controversies damaged credibility particularly connection dealings mr fastow former chief financial officer internal documents related one fastow partnerships disclose enron also much hundreds millions dollars business entity connected another company official since left enron enron disclosed fastow related transactions sec filings computerized search sec database public filings produced reference employee related entity known chewco chewco established 1997 approximately 400 million capital commitments buy interest enron assets according one partnerships documents document specify assets purchased disclose financial impact transactions either chewco enron chewco run michael kopper managing director enron global equity markets group according document enron maintained complex financial transactions employee related entities legal properly disclosed comment regarding dealings chewco mr kopper enron says left company year focus helping run fastow related partnerships return phone calls person office houston yesterday said mr kopper traveling response questions chewco enron spokesman would say michael kopper never executive officer enron mr fastow repeatedly declined interview requests severed relationships partnerships july statement apparent reference sec disclosure regulations regarding related party transactions sec rule k company report transaction exceeds 60 000 involves director executive officer contrast mr fastow cfo would fallen category mr kopper managing director business unit presumably however reporting guidance issued financial accounting standards board seems broader definition one might include mr kopper according fas statement 57 related party transaction involves material piece business company member management statement defines management directors top officers vice presidents charge major business units persons perform similar policy making functions persons without formal titles may also members management copyright 2000 dow jones company inc rights reserved deals deal makers enron officials sell shares amid stock price slump theo francis cassell bryan low staff reporters wall street journal 10 26 2001 wall street journal cl 4 copyright c 2001 dow jones company inc officials enron corp whose unusual transactions chief financial officer regulatory scrutiny steadily sold sizable amounts holdings company stock share price fallen year corporate officials sold 1 8 million shares valued 106 million july stock fell less 45 share 83 start year since july stock plummeted additional 63 16 35 including 50 plunge since beginning last week kenneth lay chief executive houston energy trading company cashed shares 25 7 million far year usually transactions paired options exercises sold 429 614 shares leaving 2 8 million shares july latest data available sales according thomson financial lancer analytics dollar amount 2001 sales approaching total mr lay sales enron shares 2000 reached 30 7 million 1999 sold shares total 26 million houston enron spokeswoman declined comment figures saying company keep running tally stockholdings corporate officials enron also comment number options held company insiders called sales personal decision many sales enron insiders concurrent options exercises sales followed soon option exercises strong selling company officers directors amid share price declines raise red flags investors says jonathan moreland research director insiderinsights com uses insider trading data zero investment ideas among insiders selling year kenneth rice former chairman ceo enron broadband unit sold shares 23 7 million mr rice sold 456 966 shares 1 5 million shares listed owning enron march proxy filing former enron chief executive jeffrey skilling resigned august sold 160 000 shares 9 8 million year march mr skilling owned 1 9 million shares messrs rice skilling reached comment overall enron insiders busier selling shares last year sold 5 8 million shares 449 million 1999 insiders sold 3 4 million shares 123 1 million since december 1999 one enron executive reported buying company shares buyer andrew fastow ousted week enron chief financial officer company disclosed securities exchange commission investigation financial ties company mr fastow mr fastow reported purchasing 10 000 enron shares august 36 98 total 369 800 today shares valued 163 500 based enron stock price 16 35 4 p new york stock exchange composite trading purchase mr fastow owned 110 586 shares thomson financial lancer analytics says enron said mr fastow available comment monday new york law firm filed suit u district court houston alleging enron misrepresented performance failing disclose problems broadband division failing properly write value investments limited partnerships managed mr fastow suit seeks class action status also says enron insiders sold 73 million enron holdings parts 2000 2001 copyright 2000 dow jones company inc rights reserved credit markets enron financial troubles reverberate bonds poor liquidity credit rating concerns jathon sapsford suzanne mcgee staff reporters wall street journal 10 26 2001 wall street journal cl 5 copyright c 2001 dow jones company inc new york enron corp bonds held better battered stock amid escalating financial woes energy trading powerhouse long bond traders say trading yesterday houston company five year bond 250 million issue due july 2006 carrying coupon 6 4 quoted 82 cents dollar bid 88 late wednesday representing 16 drop past two weeks far less 50 decline enron stock price since oct 16 disclosure 1 01 billion charge linked soured investments resulting 618 million third quarter loss fall bond price translates yield 7 7 percentage points bellwether u government bonds widening three percentage points two weeks ago although enron still investment grade credit kind spread characteristic junk bond credit rating single b lower enron sought assure markets finances sound disclosing late yesterday drew 1 billion bank credit lines shore finances yet even enron tapping lifeline investors finding difficult trade big blocks enron bonds yesterday 82 bid instance block less 2 million bonds small percentage typical trade fueling uncertainty surrounding enron fears credit rating concerns lower ratings enron debt recently conceded slew troubles including losses securities exchange commission investigation sudden resignation chief financial officer even levels little buying interest said harold rivkin principal distressed debt trader h rivkin co princeton n j one sign ripple effects price investors pay protect losses enron debt surging cost default swap investor pays another investor take chunk debt face value event default rose 10 size credit insured 8 day earlier holders lucent technologies inc debt pay height technology company troubles earlier year even woes enron remains investment grade company credit rating agencies rate enron senior unsecured debt several notches noninvestment grade level yet fitch said yesterday put enron credit rating watch possible downgrade following similar move moody investors service last week standard poor division mcgraw hill cos stopped short putting company creditwatch list opting instead revise long term ratings outlook negative citing concerns company financial flexibility meanwhile weak bond prices sign markets bracing worst investment grade bonds migrating toward distressed levels said glenn reynolds analyst credit sights inc independent fixed income research firm new york distressed yet headed direction enron credit ratings fall would implications far beyond company ability raise money energy trader credit downgrade sends signal participants crucial markets ability make good commitments enron makes markets variety commodities though best known trading electricity natural gas company also huge force markets commodities lumber metals bandwidth capacity steel market maker matching buyers sellers enron handles quarter trading nation energy gas markets enron credit worthiness hugely important better credit rating cheaper hedge offset positions commodities markets derivatives pass savings customers without credit rating cost high margin high volume business starts rise derivative instrument whose value linked derived underlying security asset stock bond commodity even company retain investment grade rating perception might risk start affect core businesses said mr reynolds credit sights inc prudent risk manager enron counterparties institution end financial agreement enron going examining exposure enron looking ways minimize offset mr reynolds said sure enron despite recent woes remains strong company credit analysts said think anyone seriously thinking company would ever default mr reynolds said far research shows counterparties banks sticking said ron barone managing director standard poor utility energy project finance group one cut credit lines asked additional collateral identified customers publicly stated business usual yet analysts say arrival distressed debt traders scene could make life difficult enron management traders expect enron new chief financial officer jeffrey mcmahon chairman kenneth lay make rounds wall street next week meeting rating agencies debt trading desks big bond holders banks including j p morgan chase co citigroup inc treasurys treasurys rallied optimism federal reserve may cut interest rates previously expected spate economic reports documented weak economy sept 11 terrorist attacks prices also gained market finished digesting week flood treasury corporate agency debt issues 4 p edt benchmark 10 year treasury note 13 32 point 4 0625 per 1 000 face value 103 20 32 yield fell 4 537 4 588 wednesday yields move inversely prices 30 year treasury bond price 22 32 point 101 11 32 yield 5 284 5 330 wednesday fed policy makers slated meet nov 6 also providing support longer maturities treasury department made another repurchase issues outstanding received offers 5 04 billion callable 30 year bonds accepted 1 billion offer cover ratio indication demand 5 04 treasury buyback par par high wtd avg coupon mat amt amt accept accept date offer accept price price 7 125 02 23 807 0 n n 11 750 02 10 235 0 n n 10 000 05 10 490 0 n n 12 750 11 10 471 0 n n 13 875 05 11 104 0 n n 14 000 11 11 203 0 n n 10 375 11 12 587 0 n n 12 000 08 13 974 0 n n 13 250 05 14 473 0 n n 12 500 08 14 725 39 3152 20 152 19 11 750 11 14 7826 0 7148 25 148 13 amounts millions prices decimals amount outstanding operation calculated using amounts reported announcement corporate bonds motorola inc offering three year mandatory convertible securities expected late yesterday boosted planned 875 million could total much 1 15 billion proceeds investors exercise overallotment option securities expected dividend 6 75 7 conversion premium 20 22 earlier indications dividend 7 7 5 conversion premium 18 22 deal come goldman sachs j p morgan chase salomon smith barney separately lsi logic corp repriced offering 450 million five year convertible subordinated notes lowering price 99 par people familiar rule 144 private placement said notes 4 coupon 41 conversion premium offer yield maturity 4 22 quoted lower 98 1 2 early yesterday sign deal well received brought overnight lehman brothers john parry tom barkley contributed article copyright 2000 dow jones company inc rights reserved heard street analysts remain plugged enron susanne craig jonathan weil staff reporters wall street journal 10 26 2001 wall street journal cl copyright c 2001 dow jones company inc enron rarely many analysts liked stock concede know little recent years wall street researchers overwhelmingly critics would say blindly enthusiastic enron even acknowledge always understanding complex financial transactions accounted soaring profits enron reporting steep losses complicated transactions many wall street still figure research note wednesday goldman sachs analyst david fleischer conceded scant corporate disclosure houston energy trader makes difficult value company company lack disclosure transparency says longstanding enron hallmark stock avoid view hardly goldman wednesday bump enron u select list consists dozen top stock picks mr fleischer continued keep stock firm larger prestigious recommended list 200 favored stocks since joined goldman 1993 specific able create simple model mean write industry say analyze figure says mr fleischer owns undisclosed number enron shares case would awful lot industries follow enron shares dropped 50 since last week every sell side analyst spoke early 2001 admitted black box says jim chanos principal kynikos associates new york selling enron stock short trading eye profiting fall throughout year really trust story evidence mounting reason question level trust true stock picker immune bad calls wall street analysts long criticized overwhelmingly bullish bias particularly stocks hot sectors lots investment banking deals enron stands apart precisely many analysts still recommending stock acknowledged company disclosure practices lacking raises question analyst recommend others purchase stock key information company operations often either unavailable indecipherable concerns way enron runs business new many issues plaguing enron stock first raised year ago bearish hedge fund managers independent accounting experts yet time wall street analysts dismissed unimportant many lingering questions company various partnership transactions besides partnerships enron also dogged concerns secretive valuation techniques uses record assets earnings analysts stuck onetime stock market darling publicly dismissing questions firm accounting practices level disclosure yesterday 17 analysts following stock 10 strong buy equivalent rating stock according thomson financial first call five others rated stock buy though strongly prudential securities downgraded stock week sell rating enron bullish treatment latest one high profile examples wall street taking glass half full stance despite retrospect seems ample warning less enthusiastic approach warranted past year wake nasdaq composite index general collapse analysts widely assailed lack independence particularly like goldman mr fleischer shares companies cover regulators raised concerns analysts compromised help firms land lucrative investment banking fees revenue enron spread wealth across many wall street firms instance one 865 million equity offering 1999 led credit suisse first boston enron retained seven co managers including donaldson lufkin jenrette lehman brothers merrill lynch enron big company think going find firm involved says credit suisse first boston analyst curt launer still rates stock strong buy 40 price target pay lot investment banking fees wall street adds analysis every day based information strictly defend companies ludicrous provide information investors yes wrong recommendation stock think analysis wrong stock performed mr fleischer whose firm also served investment banker enron calls holding meaningful investment small disputes suggestion objectivity compromised mr fleischer says clients happy know stake enron shows puts money mouth research note wednesday mr fleischer called complete disclosures enron balance sheet partnerships despite resulting difficulty acknowledged facing developing financial models company wrote many investors historically given enron benefit doubt strong growth earnings position industry leader information really model able predict accurately revenues going come going make money every quarter says hard get inside know transactions deliver csfb mr launer also longtime defender company occasionally issuing research reports rebut critical stories enron financial press monday wrote expects questions enron partnerships accounting disclosures continue remains confident businesses operating growth prospects enron ultimate recovery share price know wrong stock mr launer says says prices ready throw towel figures even worst case scenario envisions enron issue much 2 billion worth shares diluting current holders stock much fall clearly messrs launer flesicher alone even relative terms analysts remain bullish stock says chuck hill director research thomson financial first call average rating stock wall street 2 2 slightly shy buy rating enron scores 1 6 may turn classic case locking barn door bad news mr hill says downgrading stock week prudential analyst carol coale bumped sell buy brief stop hold analyst recommend investors sell stock openly concedes recent downgrades come little late ms coale says enron difficult cover years says company disclosure practices fall far short ideal senior executives often evasive even presented direct questions instance says three weeks ago asked enron management company investigation securities exchange commission said says light company acknowledgment week sec inquiry asked enron previous denial told inquiry investigation says enron spokeswoman says company learned sec inquiry last wednesday copyright 2000 dow jones company inc rights reserved enron draws 3 bln credit boost investor confidence 2001 10 26 08 52 new york enron draws 3 bln credit boost investor confidence houston oct 26 bloomberg enron corp whose stock fallen concern largest energy trader transactions affiliates drew 3 billion credit restore confidence financial strength houston based company use 2 2 billion pay commercial paper obligations keep rest cash spokesman mark palmer said nothing instils confidence like cash said enron shares dropped 52 percent past 10 days investors worry company credit rating cut 1 01 billion third quarter losses failed investments enron needs good credit raise cash daily keep trading partners demanding collateral settle transactions investors say worried 3 3 billion liabilities affiliates formed buy sell enron assets enron ousted chief financial officer andrew fastow wednesday amid securities exchange commission inquiry partnerships ran cost company 35 million jeff mcmahon head enron industrial markets group named cfo bid restore investor confidence chairman chief executive officer kenneth lay said statement enron shares fell 6 cents 16 35 yesterday mark johnson princeton newsroom 609 750 4662 enron liked analysts despite complicated dealings wsj says 2001 10 26 06 12 new york houston oct 26 bloomberg enron corp liked many wall street analysts despite lingering questions power trading company complicated partnership transactions techniques used record earnings wall street journal reported heard street column goldman sachs group inc analyst david fleischer owns undisclosed number enron shares said even though inadequate corporate disclosure makes difficult value company mean write industry analyze enron 17 analysts follow stock 10 strong buy equivalent rating according thomson financial first call paper said five rated buy one sell enron analysts stuck company publicly dismissing questions enron accounting practices level disclosure journal said securities exchange commission inquiring partnerships run former chief financial officer andrew fastow enron draws 3 billion credit lines wsj reports 2001 10 26 00 28 new york new york oct 26 bloomberg enron corp drew 3 billion available credit bulk bank credit lines restore confidence financial strength company wall street journal reported energy trading company whose shares fallen 52 percent since oct 16 use part money redeem 1 85 billion short term commercial debt wall street journal reported citing unidentified person familiar matter enron talking banks new multi billion line credit paper reported citing unidentified person steps seen effort energy trader ensure adequate liquidity case access bank credit disrupted paper said enron said statement distributed pr newswire drew credit lines provide 1 billion cash liquidity steps come day chief financial officer andrew fastow resigned amid securities exchange commission probe partnerships ran william selway san francisco newsroom 415 743 3511 oct 25 2001 11 22 pm houston chronicle action enron halts stock fall credit ratings reviewed laura goldberg copyright 2001 houston chronicle recent freefall enron corp stock price stabilized thursday day world largest energy trader replaced chief financial officer enron cloud number reasons including securities exchange commission inquiry also made two announcements thursday night aimed reassuring financial community announcements enron said drawn 1 billion lines credit said energy trading business done enrononline thursday average levels houston based enron banked money plans spend spokeswoman said making clear enron full support banks adequate liquidity assure customers fulfill commitments ordinary course business jeff mcmahon took wednesday chief financial officer said written statement enron said recorded 8 300 transactions enrononline thursday ken lay chairman chief executive officer said enron continues market maker choice wholesale gas power markets customers continue put confidence us core businesses strong performing well earlier thursday two credit rating agencies took actions regarding enron ratings j p morgan securities analyst anatol feygin described negative sentiment one point thursday morning trading new york stock exchange shares enron 1 50 closed 6 cents 16 35 recently oct 16 stock closed 33 84 market closed international credit rating agency fitch put enron currently holds investment grade credit ratings review possible downgrade market closed standard poor took two steps affirmed enron current ratings also revised long term ratings outlook negative moody investors service put enron long term debt review potential downgrade last week enron noted losing investment grade rating would take downgrades three notches said thursday everything power defend current rating sec inquiry federal securities regulators reviewing transactions enron two private investment partnerships formerly run andrew fastow removed enron chief financial officer wednesday enron removed fastow part bid repair damaged credibility wall street also questioning certain enron financing vehicles wondering whether company face hits balance sheet months ahead p said concerned sizable drop enron market capitalization negatively affected financial flexibility could hurt company plans rebuild balance sheet also noted fundamental strength enron energy marketing trading business remained steady unless enron rebuilds confidence among investors business partners fitch said could impair enron financial flexibility access capital markets would hurt ability conduct business carol coale analyst prudential securities houston said actions source world reporter tm battered corporate america receive immediate dollars 25 bn pounds 18 bn tax rebate dollars 100 bn eocnomic stimulation package approved republican controlled house representatives controversial package worth estimated dollars 212 bn three years includes dollars 70 bn companies next year alone approved house late wednesday 216 votes 214 faces significant amendment senate democrat control reopened wide ideological rift republicans favour corporate individual tax cuts reboot economy mired recession democrats reprise roosevelt new deal prefer see increased public spending unemployment infrastructure projects liberal lobby groups citizens tax justice center budget policy priorities claim bill would hand back dollars 6 3 bn 14 biggest corporations say renowned paying little tax hotly contested measure repeal corporate alternative minimum tax amt introduced 1986 make sure firms could avoid tax payments strongly supported president bush would made retroactive amt payments would refunded lobby groups non partisan congressional research service calculate would give dollars 1 4 bn boost computer group ibm alone general motors would get back dollars 833 general electric dollars 671 others benefit include txu texas based utility us third largest energy supplier would would given dollars 608 united airlines us second largest carrier warning bankruptcy would receive dollars 371 enron energy trading group forced sack finance director week would given dollars 254 democrat leaders senate determined erase measure dislike proposals boost firms include 30 tax break capital investment three years worth dollars 39 3 bn year alone say amount giant corporate giveaway mr bush republican leaders argue fiscal concessions would help companies making hundreds thousands redundant avoid lay offs invest prompting economic recovery best likely start new year businesses america employers hardware store diner street gas station corner enemy working families author plan representative bill thomas california said democrats especially incensed alleged paucity package provisions growing numbers jobless arguing much dollars 12 bn foreseen would go individuals reserves states fresh round global trade talks essential revitalise world economy terrorist attacks us trade secretary patricia hewitt said yesterday writes charlotte denny new report predicted global trade growth collapse year ms hewitt warned world must retreat protectionism isolationism wake attacks wto trade ministers gathering doha qatar two weeks time discuss launching new round talks first since collapse meeting seattle nearly two years ago full coverage downturn www guardian co uk recession copyright 2000 dow jones section c harvey pitt e c guard dog friendly puppy floyd norris 10 26 2001 new york times page 1 column 2 c 2001 new york times company new friendlier securities exchange commission enforce laws assure investors corporate financial reports trustworthy harvey l pitt new e c chairman set week show like predecessor arthur levitt speech american institute certified public accountants organization whose senior leadership led bitter ultimately unsuccessful fight mr levitt reform efforts mr pitt praised listeners took swipes predecessor promised commission make sound decisions respectful affirmative way demeaning demanding demonizing way spoke favorably pro forma earnings reports ways doubt heartened accountants worked hard find ways make even worst profit figures look pretty mention mr levitt concerns improper management earnings heels mr pitt speech e c used minor enforcement action herald policy cracking companies come forward report errors decision reasonable although one could wonder top management something wrong failing detect fraud went years way e c trumpeted raised questions whether agency turning friendly puppy rather guard dog amnesty financial fraud jane adams accounting analyst credit suisse first boston former e c staff member asked report clients sure answer interview yesterday mr pitt dismissed worries one going get away anything said trying create environment people feel comfortable talk e c without feeling looking big splash major embarrassment accountants e c force client restate numbers mr pitt chief accountant robert herdman sending signals fewer demands made much favor vigorous enforcement program mr pitt said interview favor investors barraged conflicting statements restatements mr pitt talks companies getting right first time would certainly nice risk companies become aggressive accounting figuring real penalty like restatement caught would make life harder auditors try resist misleading accounting trying sound comforting accountants group organization noted represented lawyer two decades mr pitt done little reassure investors independence proof course come performance fortunately mess enron gives e c golden opportunity counter puppy image take time commission determine company accounting proper need delay forcing enron clearly explain rather obfuscate far strange deals made partnerships run executive ousted chief financial officer could former e c staff member said focus issue whether companies make completely correct totally misleading disclosures would indicate watchdog still bite photo harvey l pitt copyright 2000 dow jones company inc rights reserved enron draws least 1 bln usd credit lines boost mkt confidence 10 26 2001 afx news c 2001 afp extel news ltd houston afx enron corp said drew committed lines credit provide cash liquidity excess 1 bln usd part moves restore market confidence company making clear enron support banks adequate liquidity assure customers fulfill commitments ordinary course business said newly appointed chief financial officer jeff mcmahon important step plan restore investor confidence enron additionally update investors next several days regarding plans maintain long term credit rating according wall street journal enron drew 3 bln usd use part money offer redeem 1 85 bln usd outstanding commercial paper remainder providing energy concern cash cushion newspaper cited person familiar matter quoted observers saying move may pre emptive step enron ensure adequate liquidity access bank lines interrupted source also said enron talking banks new multi billion dollar credit line jms information contact afx www afxnews com www afxpress com copyright 2000 dow jones let comfortable war sure war band cave dwelling outlaws hell bent annihilation would freedom loving americans please go buy dvd players maybe even nice new car basically message treasury department news congress voted creation war bonds finance antiterrorism efforts rebuilding following attacks officials treasury applauded sentiment politely suggested would even better economy americans went stores bought stuff economy perhaps greatest asset move forward efforts fight war global terrorists says betsy holahan department spokesperson war bonds additional way americans show patriotism record think issue war bonds would dumb superfluous nothing stopped americans buying generic savings bonds better yet treasuries finance spending federal government meantime little dislocating hear politicians talk war bonds people associate hardship sacrifice time top economic gurus practically begging people shop war bonds notwithstanding long way era ration books 3 enron last week noted extent alarm enron ene nyse news commentary revelation shareholder equity dropped 1 2 billion following unusual possibly inappropriate high level transactions following disclosure besieged cfo andrew fastow finally left company delicately termed leave absence july fastow exited limited partnership reportedly reaped large profits shareholders analysts objected involvement concerns dealings others increased wake disclosure charge equity even management acknowledged fastow would go prerequisite restoring investor confidence easy task given resentment enron disinclination explain problems one analyst called fastow departure unsettling noting management given cfo endorsement day sounding note exasperation analysts j p morgan chase banc america securities prudential downgraded stock could trouble come securities exchange commission issued enron letter inquiry related transactions 4 gold diggers understandable investors felt panicky september unfortunately reacted shoving hard earned money gold funds according financial research corp tracks fund flows specialty precious metals category best selling equity category september net inflows 101 million granted huge sum mutual fund world comparison month large growth funds saw net redemptions 7 4 billion fact many people jumping precious metals noteworthy given gold funds performed badly long sure bizarre circumstances late enjoyed somewhat pop according morningstar average precious metals fund 10 08 year date past five years category lost embarrassing 14 68 comparison even large cap growth funds everybody favorite whipping boy managed post positive return period 7 13 moreover circumstances would seem favorable decades combination attacks u government war still seem boosted gold prices significantly despite initial surge prices terrorist attacks approaching pre sept 11 levels early say likely gold bugs confront disappointment 5 amazon amazes amazon amzn nasdaq news commentary still maintains become profitable fourth quarter well least post pro forma operating profit ok maybe include amazon service 2 17 billion long term debt extraordinary charges fact pro forma operating profit basically accounting concept would lend fuzzy meaningless aura minor triumph company still said turn economic profit matter even fourth quarter prediction iffy announcing company expected turn pro forma operating profit cfo warren jenson added humble qualifier guarantees amazon simultaneously lowered forecast fourth quarter revenue predicting sales would somewhere flat 10 compared year ago third quarter trends encouraging though sales overall slightly third quarter year ago revenue company core books music business actually fell 12 least company made progress cutting costs spokesperson says pro forma operating expenses decreased 20 past year incidentally wake amazon earnings report two analysts made belated decision cut ratings stock fallen 93 high back december 1999 merrill lynch analyst henry blodget sg cowen analyst scott reamer downgraded stock neutral previous buy ratings thought might upside estimates noted blodget financial stocks post gains rough morning associated press 10 26 2001 washington post final eo 3 copyright 2001 washington post co rights reserved new york oct 25 selected buying technology energy shares pulled stock market higher today reversing morning slide triggered pair grim economic reports shares semiconductor makers equipment manufacturers particularly well energy traders led surprisingly strong performance williams cos tulsa based energy firm 83 percent jump third quarter net earnings dow jones industrial average closed rose 9448 78 103 16 reversing earlier deficit 167 points nasdaq composite index rose 36 29 1767 83 standard american stock exchange index rose 5 10 828 67 russell index 2 000 small stocks rose 8 31 435 96 advancing issues outnumbered declining ones 9 7 nyse trading volume rose 1 38 billion shares 1 35 billion wednesday nasdaq advancers outnumbered decliners 3 2 volume totaled 2 2 billion 1 84 billion price treasury 10 year note rose 4 38 per 1 000 invested yield fell 4 54 percent 4 59 percent late wednesday dollar rose japanese yen euro late new york trading dollar bought 122 87 yen 122 76 yen late wednesday euro bought 89 25 cents 89 42 cents light sweet crude oil december delivery settled 22 01 barrel 32 cents new york mercantile exchange gold current delivery rose 277 80 troy ounce 275 90 wednesday new york mercantile exchange commodity exchange http www washingtonpost com copyright 2000 dow jones source world reporter tm mumbai retired supreme court judge sudhakar kurdukar head judicial panel set maharashtra government investigate controversial enron deal announcement regard made chief minister vilasrao deshmukh press conference held mantralaya wednesday ruling democratic front df coalition differences appointment judge nationalist congress party ncp demanding retired judge bombay high court head judicial panel congress left front partners df however insisted supreme court judge issue hotly debated coordination committee df ncp members df finally left decision mr deshmukh copyright 2000 dow jones company inc rights reserved enron taps 3 billion bank lines pre emptive move ensure liquidity 10 25 2001 dow jones business news copyright c 2001 dow jones company inc embattled enron corp drew 3 billion bulk available bank credit lines bid restore confidence financial strength liquidity friday wall street journal reported enron ene use part money offer redeem around 1 85 billion outstanding commercial paper short term corporate ious according person familiar matter remainder used provide cash cushion person also said enron talking banks new multibillion dollar credit line observers thought moves pre emptive step enron ensure adequate liquidity access bank lines interrupted enron insists business operation financial condition remain strong market reacting irrationally last days thought cash better commitment bank said enron spokesman prepared statement company new chief financial officer jeff mcmahon said drawing bank lines making clear enron support banks adequate liquidity assure customers fulfill commitments move underscored tumultuous conditions sweeping houston energy trading firm past 10 days enron nation largest energy trader principal nearly one quarter electricity natural gas trades thursday example enron involved 4 billion worth deals enrononline unit since early last week enron share price plummeted 50 reported 618 million third quarter loss reduction shareholder equity 1 2 billion also disclosed securities exchange commission conducting inquiry billions dollars transactions entities run former chief financial officer andrew fastow replaced wednesday draw credit facilities came major rating agency fitch put enron review possible downgrade standard poors changed enron credit outlook negative stable moody investors service already said looking possible downgrade order fall investment grade enron credit rating would fall several notches happen however host bad consequences could follow together sharp decline stock price noninvestment grade rating would throw company default obligations involving billions dollars borrowings event enron could forced issue millions shares stock holders debt diluting value existing shares 4 p new york stock exchange composite trading enron shares six cents 16 35 copyright c 2001 dow jones company inc rights reserved copyright 2000 dow jones company inc rights reserved enron chief executive resigns board 2 technologies 10 25 2001 associated press newswires copyright 2001 associated press rights reserved dallas ap kenneth lay chairman chief executive embattled enron corp resigned board software company 2 technologies painful decision lay said statement issued thursday dallas based 2 technologies taking ceo responsibilities enron must reduce outside activities lay resumed chief executive job enron august jeff skilling surprised investors leaving houston based energy company enron officials immediately return calls associated press past week enron rocked questions surrounding partnerships business enron managed company chief financial officer official replaced tuesday enron stock price fallen nearly 50 percent since interest partnerships intensified company acknowledged u securities exchange commission investigating arrangements 2 makes software help companies manage supply chains clients include texas instruments ford motor co dell computer corp 2 stock plunged nearly 25 percent oct 17 company reported 5 53 billion third quarter loss said would cut 1 000 jobs one fifth work force lay joined board october 2000 replacement announced trading thursday 2 shares rose 24 cents 4 95 enron shares fell 6 cents 16 35 copyright 2000 dow jones company inc rights reserved enron woes unnerve investors energy sector analysts say problems isolated brad foss ap business writer 10 25 2001 associated press newswires copyright 2001 associated press rights reserved new york ap grew past decade country largest natural gas power marketing company enron corp became de facto barometer health within energy trading sector wall street buoyed stock prices enron competitors based part huge success houston based company business model executives industry analysts hope prevent enron internal tumult free falling stock price undermining investors confidence sector say houston based company problems viewed isolation broader indicator marketplace marketplace natural gas power trading vibrant yesterday week ago month ago said jim donnell president duke energy north america division duke energy corp generates trades power opinion appeared gain acceptance thursday shares dynegy inc el paso corp duke energy corp rebounded losses wednesday enron latest woes appeared spill stock prices rivals enron stock fallen 50 percent past week nearly 80 percent since january analysts said recovery expected anytime soon latest troubles began oct 16 enron reported third quarter earnings longtime concern among wall street analysts executives entirely forthcoming got worse first came reports company losses stemmed partnerships managed enron chief financial officer time andrew fastow raised concerns potential conflict interest touched inquiry securities exchange commission wednesday one day enron chairman kenneth lay defended fastow company ousted said would take leave absence created environment credibility put test come flying colors said christopher ellinghaus analyst williams capital group new york enron shares falling year reasons new old little company wholesale energy business accounts roughly 80 percent profits analysts insist wholesale energy marketing profitable even face economic downturn falling natural gas electricity prices even though enron shot foot basic business still sound likely disappear ellinghaus said ubs warburg analyst ronald barone echoed sentiment collateral damage rest space dynegy el paso overdone barone said thursday williams companies inc tulsa okla reported net income 760 million reliant resources inc houston reported 133 million profits business usual said dynegy spokesman steve stengel enron whose stock price began steady descent 10 months ago nascent high speed internet unit failed live hype downward momentum propelled difficulties collecting money power customers india surprise departure august chief executive jeff skilling considered another bad sign oct 16 enron reported net loss 638 million third quarter taking one time charge 1 01 billion attributed investment losses troubled assets unit restructurings excluding charge enron earned 393 million 47 6 billion revenues three months ending sept 30 ellinghaus said stocks enron competitors brought wednesday dire speculation enron troubles might bad could difficulty paying hundreds millions dollars worth receivables companies duke dynegy hearing doomsday type stuff doomsday reality ellinghaus said enron return calls seeking comment thursday donnell duke energy said charlotte n c based company paying close attention enron situation indication receivables paid continue one best functioning companies relates credit said never missed deadline ap graphic energy stocks copyright 2000 dow jones company inc rights reserved enron credit outlook downgraded negative p updatel 2001 10 25 18 59 new york enron credit outlook downgraded negative p updatel adds analyst comment fourth paragraph houston oct 25 bloomberg enron corp long term credit ratings outlook changed negative stable standard poor largest energy trader shares fell 49 percent past week p affirmed houston based company ratings bbb 2 investment grade ratings company cited lost market capitalization possibility enron generate enough money selling assets outside main trading business repay debt p say strategic direction company likely become credit positive wake recent management changes enron reported 1 01 billion losses investments outside principal business trading commodities electricity natural gas chief financial officer andrew fastow resigned yesterday u securities exchange commission asks information related party transactions conducted p write positive said dorothea matthews analyst creditsights inc research firm seems ratings company went way tray calm things shares enron fell 6 cents 16 35 russell hubbard princeton newsroom 609 750 4651 enron trading partners say business usual update 2 2001 10 25 19 38 new york enron trading partners say business usual update 2 adds new enron cfo 14 th paragraph houston oct 25 bloomberg concerns enron corp run short cash prevented commodities traders business largest energy broker customers say company handles 25 percent u power natural gas trading said john kilduff vice president energy risk management fimat usa also leader complex derivatives allow others hedge risk fluctuating commodities prices enron credit rating watch possible downgrade moody investors service standard poor lowered enron long term credit outlook negative 1 01 billion third quarter losses soured investments company needs good credit raise cash every day keep trading partners demanding collateral settle transactions far signs houston based enron handling less business kilduff said unable perform would major problem said could get like long term capital things really broke numbers big long term capital management private investment fund wealthy incurred massive losses making bond trades 1998 russian currency crisis fund portfolio plunged dozen banks bailed fund cost 3 6 billion avoid collapse needs cash daily enron trades electricity natural gas coal commodities worldwide well complex financial instruments hedge price swings goods enron active markets kilduff said one cutting trading lines see demanding different terms companies trade heavily enron require cash every day settle positions said kilduff whose company swaps natural gas energy investments enron days fimat bet natural gas prices fall enron bets rise natural gas usually one every day someone pays difference liquidity trading partners risk factor kilduff said someone paying someone else every day enron said conference call tuesday enough money operate normally fall back 3 4 billion bank credit lines necessary company determined protect credit rating enron said even going entertain worst case scenarios point said enron spokeswoman karen denne investor questions enron based houston ousted chief financial officer andrew fastow yesterday two days u securities exchange commission began asking questions partnerships ran invested company shares trades cost enron 35 million jeff mcmahon head enron industrial markets unit replaced fastow went leave absence enron shares fallen 49 percent past week fell 6 cents 16 35 today based bloomberg composite ratings enron long term debt rated bbb 2 bbbl two three levels investment grade fitch standard poor moody rate company debt investment grade company also faces questions investors 3 3 billion potential liabilities affiliated companies formed buy sell enron assets power plants affiliates owe payments bond investors plan meet selling assets enron know sale proceeds cover debt company would make good shortfall little time enron asked citicorp inc tuesday arrange 750 million loan ensure access credit company gets shut money markets enron 1 85 billion commercial paper short term unsecured debt outstanding tuesday traders said company 3 billion program difficulty finding buyers new commercial paper sales since sec investigation announced traders said today enron offered two week commercial paper 3 percent yield 10 15 basis points comparably rated companies appears enough liquidity give enough time get house order said jon kyle cartwright senior energy credit analyst raymond james dry seasons dams operate well enron pays district enron credit went bad folded agreement get picked someone else tracy said enron also helps many u utilities protect electricity natural gas price fluctuations way helps sacramento utility district hedge little rainfall impairment enron part continue would trickle main street utilities tracy said utilities would start reserving balance sheets price swings tracy said russell hubbard princeton newsroom 609 750 4651 enron broadband begins closing london singapore offices erwin seba dow jones newswires 10 25 2001 dow jones energy service copyright c 2001 dow jones 713 547 9214 erwin seba dowjones com copyright 2000 dow jones calif pwr contract talks 10 25 2001 dow jones energy service copyright c 2001 dow jones 201 938 4604 mark golden dowjones com copyright 2000 dow jones company inc rights reserved spector roseman kodroff p c files class action suit enron corporation 10 25 2001 pr newswire copyright c 2001 pr newswire philadelphia oct 25 prnewswire law firm spector roseman 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 purchased enron securities class period may later december 21 2001 move appointed lead plaintiff class action lead plaintiff representative chosen court acts behalf class members directing litigation private securities litigation reform act 1995 directs courts assume class member largest financial interest outcome case best serve class capacity courts discretion determining class member largest financial interest appointed lead plaintiffs substantial losses absolute terms percentage net worth sustained substantial losses enron securities class period please contact spector roseman kodroff p c classaction srk law com thorough explanation lead plaintiff selection process relatively small losses ability participate recovery protected lead plaintiff need take affirmative steps time wish discuss action questions concerning notice rights interests please contact plaintiff counsel robert roseman toll free 888 844 5862 via e mail classaction srk law com detailed information firm please visit website http www spectorandroseman com spector roseman kodroff p c located philadelphia pennsylvania san diego california concentrates practice complex litigation including actions dealing securities laws antitrust contract commercial claims firm active major litigation pending federal state courts throughout united states firm reputation excellence recognized repeated occasions courts appointed firm lead counsel numerous major class actions involving violations federal securities laws federal antitrust laws consumer fraud result efforts firm members hundreds millions dollars recovered behalf thousands defrauded shareholders companies make opinion count click contact robert roseman spector roseman kodroff p c 1 888 844 5862 19 00 edt copyright 2000 dow jones company inc rights reserved tgs q 3 net profit 22 pct yr yr higher ngl sales transport revenues 10 25 2001 afx news c 2001 afp extel news ltd buenos aires afx perez companc sa enron corp pipeline joint venture transportadora de gas del sur sa said net profit three months september rose 22 pct year year 37 mln pesos back strong growth sales natural gas liquids ngl increased revenue transport total revenue grew 24 pct year year 147 mln pesos tgs continues grow revenues business segments ceo eduardo ojea quintana said ngl sales surged 86 pct year year 31 1 mln pesos partial takeover cerri complex production bahia blanca although volumes declined result start mega project beginning 2001 ojea quintana said gas transport revenue rose 11 pct year year 109 6 mln pesos average gas transportation contracted capacity rose 6 pct 62 5 mln cubic metres daily following capacity expansion completed june however also noted important challenges mostly associated relevant regulatory issues remain unresolved well deep economic crisis argentina currently undergoing negative factors adversely affected investment plans current year 2002 ojea quintana added lac zr information contact afx www afxnews com www afxpress com copyright 2000 dow jones company inc rights reserved enron draws credit facility 10 25 2001 dow jones news service copyright c 2001 dow jones company inc houston dow jones enron corp ene drew committed lines credit provide cash liquidity 1 billion press release thursday energy company said adequate liquidity fulfill business commitments enron said credit action step restore investor confidence plans update investors several days regarding plans maintain long term credit rating earlier thursday standard dow jones newswires 201 938 5388 copyright 2000 dow jones company inc rights reserved enron employees watch options devalue shares fall correct 2001 10 25 18 41 new york enron employees watch options devalue shares fall correct company corrects structure standard compensation package second paragraph houston oct 25 bloomberg enron corp prided sharing wealth employees company posting record profits last year boardroom mailroom employees sharing pain enron largest energy trader grants stock options bulk 20 000 employees enron standard compensation package employees get stock options equal 5 percent annual base salary spokeswoman meredith philipp said employees held 46 8 million exercisable options end 2000 average prices company current share price stock dropped 80 percent year virtually every option water right enron spokeswoman karen denne said enron board sets strike price options december january employees cash options make profit unless stock trading strike price end 2000 enron shares trading 83 13 december board set strike price 80 shares houston based enron fell 6 cents 16 35 today lost 37 percent value far week enron said monday securities exchange commission asking questions partnerships run andrew fastow ousted enron chief financial officer yesterday one partnership cost company 35 million enron bought back 62 million shares partnership cost 1 2 billion enron named jeff mcmahon head industrial markets group cfo late yesterday unvested options another 96 1 million options granted enron employees vested end last year 15 4 million 16 percent prices ranging 6 88 20 share rest vest levels well current share price experts watched devaluation stock options industries technology telecommunications say becomes demoralizing workers watch share prices fall options looks bad said mark edwards chairman iquantic buck mellon financial corp unit provides compensation consulting employees look stock price every day continued disincentive denne said enron plans reprice employees options company issue one time stock option grant 36 88 august ken lay resumed former role company chief executive lay held job 15 years turned position jeffrey skilling february skilling quit august citing family reasons august grant equivalent 5 percent employees base salary require vesting period exercisable immediately enron shares closed 36 88 since aug 29 margot habiby dallas newsroom 214 954 9452