enron mentions uk enron threatens double hit credit tool market reuters english news service 11 29 01 uk enron europe splits u parent reuters english news service 11 29 01 usa update 1 enron may pay previously declared dividends reuters english news service 11 29 01 usa u stocks set open flat little reuters english news service 11 29 01 uk enron europe seen default energy trade reuters english news service 11 29 01 usa update 1 enron may pay previously declared dividends reuters english news service 11 29 01 uk enron says enrononline switched back reuters english news service 11 29 01 usa dominion says enron credit exposure 11 mln reuters english news service 11 29 01 analyst enron minimal material impact brokers dow jones news service 11 29 01 enron demise leaves counterparties tough choices dow jones international news 11 29 01 enron dynegy merger collapse roils europe power mkts dow jones energy service 11 29 01 usa enron shares fall anew trading partners also reuters english news service 11 29 01 repeat enron bankruptcy may lead losing brazil assets dow jones international news 11 29 01 replaced nvidia dow jones news service 11 29 01 volume rises 65 vs month ago dow jones energy service 11 29 01 duke energy halts trading enron dow jones news service 11 29 01 northern border enron 2 pipeline 2 8 rev exposure dow jones energy service 11 29 01 fall enron rattling nordic electricity market dow jones international news 11 29 01 enron demise leaves counterparties tough choices dow jones international news 11 29 01 europe fin services cos take small hit enron dow jones international news 11 29 01 dollar pressure u economic woes enron situation dow jones business news 11 29 01 electrabel says exposure enron insignificant dow jones international news 11 29 01 duke energy confident energy sector remain strong halts trading enron pr newswire 11 29 01 dominion reports enron exposure expected affect earnings forecast business wire 11 29 01 p lwrs rtg yosemite 2000 linked enron notes business wire 11 29 01 northern border partners reassures investors regarding enron exposure pr newswire 11 29 01 uk enron threatens double hit credit tool market tom bergin 11 29 2001 reuters english news service c reuters limited 2001 london nov 29 reuters credit derivatives market faced double threat troubled u energy trader enron thursday leaving dealers divided whether rapid growth market might risk enron troubles impact market credit derivatives contracts written company would triggered files bankruptcy protection deals transacted enron credit subsidiary specialised trading credit protection third parties credit derivatives insurance like tools allow investors hedge gain risk issuer defaulting loan bond default swaps liquid type credit derivative involve buyer paying protection seller annual premium measured basis points accountants said appointed administrator enron european division thursday dealers predicted enron goes credit derivative contracts enron entered enron would unwound orderly way another good example market work regain people confidence market said guy america vice president credit derivatives j p morgan chase london image problem however dealers predicted messy conclusion impact clearly loss confidence credit derivative market overall said default swaps trader european bank recent corporate failure trigger large number default swaps u k rail operator railtrack resulted banks calling lawyers see pay certain obligations dealers said enron actively traded name default swaps market mainly new york privately negotiated market difficult get accurate figures value contracts outstanding enron however dealers said well billion dollars protection enron written one benchmark names us credit derivative market guess lot people involved credit default swaps said european bank trader uncertain credit insurance potentially damaging credit derivatives market failure enron credit subsidiary specialised selling credit risk mitigation tools companies wanted hedge customers going bankrupt failing pay end users find derivatives bought longer give level credit protection expected may make harder banks future convince customers start using tools back demand end users enron credit active inter dealer default swaps market filing bankruptcy enron corp could trigger settlement contracts enron credit entered would involve large number contracts dealers say would concentrated among limited circle banks mainly enron corp bank lenders accepted enron credit dealing counterparty broadly accepted counterparty said one dealer added seen firm market since october lenders face biggest loss however dealers concur losses banks might incur credit derivatives contracts would small compared potential lending losses counterparty losses would dwarfed direct lending exposure said head credit derivatives euroepan bank dealers said banks looked taking enron credit trading book looked unlikely banks involved trying rescue bank recently also involved overlooking credit book potentially making bid take book said one trader shares enron fell 85 percent 61 cents rescue deal smaller rival dynegy inc fell apart wednesday thursday company said may pay previously declared dividends copyright 2000 dow jones company inc rights reserved uk enron europe splits u parent 11 29 2001 reuters english news service c reuters limited 2001 london nov 29 reuters enron european business said thursday operating separately u parent company since wednesday headquarters houston stopped cash tranfers european trading business accountants london appointed administrators thursday european operation crisis hit enron effectively london operating separately european operation gets cash houston trade stopped giving us cash yesterday said enron europe spokesman said administration order covered mainly european wholesale trading business based london cover seven separate businesses belonging enron uk including teesside power station regional water utility wessex water well enron european assets copyright 2000 dow jones company inc rights reserved usa update 1 enron may pay previously declared dividends 11 29 2001 reuters english news service c reuters limited 2001 houston nov 29 reuters beleaguered energy trader enron corp said thursday might pay previously declared dividends various stock issues effort preserve value core trading marketing business houston based enron said dividends question common stock cumulative second preferred convertible stock enron capital llc 8 percent cumulative guaranteed monthly income preferred shares enron capital resources lp series 9 percent cumulative preferred securities enron shares closed new low 61 cents new york stock exchange trading wednesday day hometown rival dynegy inc decided walk away planned purchase company major credit rating agencies slashed ratings enron bonds junk status also wednesday triggering expectations enron would forced bankruptcy copyright 2000 dow jones company inc rights reserved usa u stocks set open flat little haitham haddadin 11 29 2001 reuters english news service c reuters limited 2001 new york nov 29 reuters stocks set open flat slightly higher thursday following upbeat corporate outlooks mixed economic data aftermath near collapse energy trader enron corp could affect trading enron teetering brink one biggest corporate implosions u history plunged 85 percent frenzied trading wednesday dragged market investors also sold amid worry rally sept 21 lows reached wake attacks united states overdone enron collapse may significant ramifications banks energy companies contracts enron may honored enron equity may worthless said alan ackerman market strategist brokerage fahnestock co equity index futures one point earlier highs release data 8 30 1330 gmt showed rise jobless claims also rise durable goods orders mixed response saw encouraging number durable goods early see sustained trend layoffs continue real concern ackerman added number americans lining first time jobless benefits rose 54 000 last week exceeding wall street expectations showed continued weakening u labor market data showed number called continued claims rose 301 000 4 02 million week ended nov 17 biggest one week increase 27 years orders costly u durable goods surged fastest rate record october 12 8 percent 184 8 billion led huge increases orders aircraft defense capital goods data may help rekindle hopes economy rebounded since sept 11 attacks equity index futures suggested largely flat slightly higher open december futures p 500 index rose 1 70 points 1 130 80 futures nasdaq 100 added 8 points 1 567 futures dow jones industrials gained 7 points 9 720 indicators flagged mildly higher open indicative dow jones industrial average based prices dow stocks trading germany deutsche boerse u market segment rose 45 95 points 0 47 percent 9 757 81 nasdaq 100 premarket indicator 9 2 points 0 59 percent based trading ahead open tech heavy index biggest stocks hand held computer maker palm inc rose extended hours trading wednesday pre open trade thursday company said expects meet estimates palm rose 3 7 pre open nasdaq close 3 41 storage networking company brocade communications systems inc rose 30 30 ahead open close 28 82 company reported quarterly operating profits fell sharply slower economy kept many corporate buyers sidelines although results beat wall street forecasts enron finished 61 cents wednesday little higher pre open trading 69 cents enron sank wednesday rival dynegy inc pulled planned 9 billion takeover beleaguered energy trader credit rating agencies slashed enron bonds junk status shoved mighty company another step closer bankruptcy enron squeezed energy traders financial giants citigroup inc jp morgan chase co inc may suffer losses 400 million combined lending energy trading group according least one analyst wednesday blue chip dow jones industrial average surrendered 160 74 points 1 63 percent 9 711 86 largest drop month lowest close since nov 12 broader standard poor 500 index slid 20 98 points 1 83 percent 1 128 52 technology laced nasdaq composite index dropped 48 points 2 48 percent 1 887 97 pre open activity software provider freemarkets inc rose raising quarterly revenue profit outlook several large customers renewed long term contracts shares rose 16 20 close 13 59 h r block inc 1 u tax preparer rose 37 25 instinet trading system closing 36 new york stock exchange company raised profit forecasts current fiscal year second quarter loss narrowed helped new accounting rules strong mortgage business performance copyright 2000 dow jones company inc rights reserved uk enron europe seen default energy trade raj rajendran 11 29 2001 reuters english news service c reuters limited 2001 london nov 29 reuters beleaguered u energy trader enron far defaulted counter energy swap contracts europe dealers said thursday many trading community arranged alternative trades cover exposure news emerged enron sought protection creditors appointed accountant administrator enron stands brink bankruptcy rescue deal smaller rival dynegy fell apart wednesday company halted trading enrononline platform day defaults yet nobody trading moment dealer major oil company trading links enron said dealers said enron missing european oil otc market week many companies stopped trading month ago signs emerged financial difficulties america largest energy trader oil market enron trading activities extended right across petroleum product chain well various brent crude derivatives contracts said dated front line dfl brent contract balances risk dated brent front month ipe futures contract seen substantial activity thursday amid speculation players moved square positions exposures enron case closing positions brent trader said dealers said enron believed closed positions london international petroleum exchange ipe declined comment dealers said shortlived price spike late wednesday ipe nymex crude oil nymex natural gas futures markets suggested brief session short covering short spell natural gas market strengthening wti moved one broker buying people thought covering enron market came straight back said one futures dealer spokeswoman ipe said compliance department looking enron positions market talking financial services authority clearing house able maintain integrity market spokeswoman said additional reporting jonathan leff copyright 2000 dow jones company inc rights reserved usa update 1 enron may pay previously declared dividends 11 29 2001 reuters english news service c reuters limited 2001 houston nov 29 reuters beleaguered energy trader enron corp said thursday might pay previously declared dividends various stock issues effort preserve value core trading marketing business houston based enron said dividends question common stock cumulative second preferred convertible stock enron capital llc 8 percent cumulative guaranteed monthly income preferred shares enron capital resources lp series 9 percent cumulative preferred securities enron shares closed new low 61 cents new york stock exchange trading wednesday day hometown rival dynegy inc decided walk away planned purchase company major credit rating agencies slashed ratings enron bonds junk status also wednesday triggering expectations enron would forced bankruptcy copyright 2000 dow jones company inc rights reserved uk enron says enrononline switched back 11 29 2001 reuters english news service c reuters limited 2001 london nov 29 reuters enron metals ltd metals trading arm u energy trader enron corp said thursday enrononline screen based trading system switched back shutting wednesday evening enrononline metals definitely running senior official enron metals said switched around nine thirty 10 clock 0930 1000 gmt morning said copyright 2000 dow jones company inc rights reserved usa dominion says enron credit exposure 11 mln 11 29 2001 reuters english news service c reuters limited 2001 new york nov 29 reuters dominion resources inc thursday said past credit exposure trading partner enron corp teetering brink bankruptcy less 11 million current trading exposure less 5 percent earnings virginia based natural gas power producer also reaffirmed earnings year 4 15 per share better 4 90 4 95 2002 10 percent annual earnings growth 2002 dominion earned 334 million 1 37 per share third quarter 2001 independent power natural gas subsidiary posting profits 288 million shares dominion fell 5 cents 58 50 thursday new york stock exchange copyright 2000 dow jones company inc rights reserved analyst enron minimal material impact brokers chad bray dow jones newswires 11 29 2001 dow jones news service copyright c 2001 dow jones company inc new york dow jones salomon smith barney analyst guy moszkowski said troubles enron corp ene material impact brokerage firms credit counterparty energy trading exposure research note thursday moszkowski said credit exposure enron among larger securities firms morgan stanley mwd merrill lynch co mer goldman sachs group inc gs bear stearns cos bsc lehman brothers holdings inc leh minimal largely hedged exists among larger brokers morgan stanley goldman sachs meaningful operations energy trading moszkowski said backdrop significantly improved risk management procedures industry believe exposure enron curtailed time particularly concern regarding firm credit worthiness hardly new development moszkowski said however given sophistication complexity energy contracts believe fair assume albeit likely limited ultimately immaterial counterparty exposure goldman sachs morgan stanley research note wednesday goldman sachs analyst richard strauss said citigroup inc c salomon smith barney parent j p morgan chase 201 938 5293 chad bray dowjones com copyright 2000 dow jones company inc rights reserved enron demise leaves counterparties tough choices sarah spikes dow jones newswires 11 29 2001 dow jones international news copyright c 2001 dow jones 44 20 7842 9345 sarah spikesdowjones com copyright 2000 dow jones company inc rights reserved enron dynegy merger collapse roils europe power mkts sarah wachter dow jones newswires 11 29 2001 dow jones energy service copyright c 2001 dow jones 331 4017 1740 sarah wachter dowjones com copyright 2000 dow jones company inc rights reserved usa enron shares fall anew trading partners also 11 29 2001 reuters english news service c reuters limited 2001 new york nov 29 reuters shares enron corp renewed relentless plunge thursday energy traders creditors assessed exposure teetering company enron 24 cents 39 3 percent 37 cents topped active list new york stock exchange 19 1 million shares traded stock valued 33 started plunge mid october shares companies utility sector opened mixed thursday owed money financially troubled enron losing ground 40 company standard poors utility index opened slightly 27 points 231 34 enron top loser shares rival power company dynegy inc backed deal wednesday bail enron 3 7 percent 1 34 34 55 aquila another large trader 80 percent owned kansas based utilicorp could exposed enron dropped 1 16 percent 21 percent 17 95 copyright 2000 dow jones company inc rights reserved repeat enron bankruptcy may lead losing brazil assets 11 29 2001 dow jones international news copyright c 2001 dow jones 5521 9965 1193 adriana brasileiro dowjones com copyright 2000 dow jones company inc rights reserved replaced nvidia karen talley dow jones newswires 11 29 2001 dow jones news service copyright c 2001 dow jones company inc new york dow jones standard poor corp remove beleaguered energy trader enron corp ene p 500 index close trading thursday replace nvidia nvda designer 3 graphics personal computer market enron trading 9 cents 15 5 40 cents 12 5 cent dividend enron payable today yet rescinded usually case p chose large stock standard 201 938 5106 karen talley dowjones com copyright 2000 dow jones company inc rights reserved volume rises 65 vs month ago 11 29 2001 dow jones energy service copyright c 2001 dow jones company inc new york dow jones volume trading internet based energy trading platform rose 65 last days november compared one month ago exchange said thursday ice considered primary alternative enron corp ene internet based commodities market enrononline users ice rose 30 according exchange press release enrononline different ice enrononline mechanism companies buy sell enron ice neutral multi party exchange allowing energy trading companies trade members ice trading system installed 7 000 desktops worldwide covers 600 commodity derivative contract types ice also owns international petroleum exchange london europes largest energy futures exchange ice owned companies including american electric power aep aquila energy ila bp amoco plc bp deutshe bank ag g dbk duke energy corp duk el paso corp epg goldman sachs group gs morgan stanley dean witter 201 938 4604 mark golden dowjones com copyright 2000 dow jones company inc rights reserved duke energy halts trading enron 11 29 2001 dow jones news service copyright c 2001 dow jones company inc charlotte n c dow jones duke energy corp duk 100 million non collatorized exposure financially battered enron corp ene halted trading energy conglomerate duke energy affirmed annual earnings growth targets latest energy company trying quell concerns exposure enron continues downward spiral new york stock exchange trading enron recently traded 44 cents share sharp drop year high 66 10 share late december company stock closed 85 2 wednesday announcing plans merger dynegy inc dyn fell copyright 2000 dow jones company inc rights reserved northern border enron 2 pipeline 2 8 rev exposure 11 29 2001 dow jones energy service copyright c 2001 dow jones dow jones newswires 201 938 5400 copyright 2000 dow jones company inc rights reserved fall enron rattling nordic electricity market frances schwartzkopff dow jones newswires 11 29 2001 dow jones international news copyright c 2001 dow jones 45 3311 1524 frances com maria aakerhielm stockholm contributed story copyright 2000 dow jones company inc rights reserved enron demise leaves counterparties tough choices sarah spikes dow jones newswires 11 29 2001 dow jones international news copyright c 2001 dow jones 44 20 7842 9345 sarah spikesdowjones com copyright 2000 dow jones company inc rights reserved europe fin services cos take small hit enron evelina shmukler catherine taylor dow jones newswires 11 29 2001 dow jones international news copyright c 2001 dow jones 44 20 7842 9268 evelina shmukler dowjones com additional reporting bert erik tencate frankfurt copyright 2000 dow jones company inc rights reserved dollar pressure u economic woes enron situation 11 29 2001 dow jones business news copyright c 2001 dow jones company inc dow jones newswires new york dollar pressure thursday weighed combination federal reserve somber outlook u economy waning u consumer confidence concerns financial woes enron corp morning new york trading euro 89 04 u cents 88 82 cents late wednesday new york dollar 123 07 yen little changed 123 06 yen late wednesday greenback also 1 6480 swiss francs compared 1 6465 sterling trading 1 4254 slightly 1 4259 late wednesday dollar managed get brief respite u durable goods data october showed orders big ticket items sharply rebounded record amount reversing september large drop overall tone dollar remains weak amid growing sense u might able rebound recession fast previously thought dollar little heavy across board said robert sinche head global currency strategy citibank new york unless get something completely outrageous looks likely remain way dollar fallen key support levels euro yen traders moved liquidate spate long dollar positions enron situation direct effect foreign exchange markets analysts said helping dollar sentiment market ripe unwinding long dollar positions said mr sinche enron kind situation acts catalyst often case euro gains appeared result pessimism towards u rather optimism euro zone market largely shrugged third quarter euro zone gross domestic product data earlier thursday came exactly expected 0 1 quarter 1 3 year dollar direction thursday also influenced u shares prospects marked rebound looking slim wake enron woes analysts said sustained move 89 cent level could set euro test 89 45 cents 90 cents expected offer formidable resistance difficulty making concerted push 90 cents probably potential outflows related morgan stanley capital international indexes rebalancing deutsche telekom voicestream deal first phase new msci weightings comes effect friday involve fund managers reducing exposure euro zone equities far seems discounted although could still help keep lid euro lockup period voicestream shareholders keep hold deutsche telekom shares expires dec 1 could prompt offload stock effect resulting sizable euro zone outflows benign inflation data switzerland earlier thursday 0 3 november year paved way swiss national bank cut interest rates next meeting dec 7 market looking rate cut 25 basis points would expect swiss franc remain capped around current levels said ubs warburg analysts grainne mccarthy dow jones newswires contributed article copyright c 2001 dow jones company inc rights reserved copyright 2000 dow jones company inc rights reserved electrabel says exposure enron insignificant 11 29 2001 dow jones international news copyright c 2001 dow jones 331 4017 1740 sarah wachter dowjones com copyright 2000 dow jones halts trading enron 11 29 2001 pr newswire copyright c 2001 pr newswire charlotte n c nov 29 prnewswire duke energy nyse duk today expressed confidence vitality energy sector said taken steps manage exposure serious difficulties experienced enron including instituting trading halt although completely cease trading enron yesterday course normal credit practices took steps limit exposure enron currently approximately 100 million non collaterized exposure enron closely monitoring unfortunate situation determine provision earnings appropriate said richard j osborne executive vice president chief risk officer duke energy osborne referring dynegy announcement terminating merger agreement enron decision major rating agencies downgrade enron long term debt investment grade market larger one player resilient enron role activities energy market significantly diminished past several weeks market liquidity provided many active trading marketing companies effective risk management practices sound capitalizations osborne noted duke energy committed customers fulfilling contracts services without disruption also continue see strong growth opportunities ahead extremely confident ability achieve exceed financial targets year next osborne said company remains fully committed deliver earnings growth within stated guidance 10 percent 15 percent compound annual growth earnings per share base 2 10 2000 based strong results reported first three quarters year duke energy previously communicated likely exceed 15 percent earnings growth 2001 yesterday developments change view duke energy diversified multinational energy company creates value customers shareholders integrated network energy assets expertise duke energy manages dynamic portfolio natural gas electric supply delivery trading businesses generating revenues 49 billion 2000 duke energy headquartered charlotte n c fortune 100 company traded new york stock exchange symbol duk information company available internet www duke energy com contact jennifer hillings epstein duke energy 1 704 382 1221 24 hour 1 704 382 8333 make opinion count click contact jennifer hillings epstein duke energy 1 704 382 1221 24 hour 1 704 382 8333 09 30 est copyright 2000 dow jones company inc rights reserved dominion reports enron exposure expected affect earnings forecast 11 29 2001 business wire copyright c 2001 business wire richmond va business wire nov 29 2001 dominion nyse said today pre tax credit exposure enron 11 million past sales dominion said forward commodity sales contracts enron represent exposure less 5 percent earnings based today forward prices dominion reaffirmed public operating earnings per share targets 4 15 better 2001 4 90 4 95 2002 10 percent annual earnings growth 2002 dominion one nation largest producers natural gas power contact dominion richmond media mark lazenby 804 819 2042 hunter applewhite 804 819 2043 analysts tom wohlfarth 804 819 2150 suzette mata 804 819 2154 09 06 est november 29 2001 copyright 2000 dow jones company inc rights reserved p lwrs rtg yosemite 2000 linked enron notes 11 29 2001 business wire copyright c 2001 business wire london business wire standard poor nov 29 2001 standard poor today lowered rating gbp 200 million 8 75 series 2000 linked enron obligations issued yosemite securities co ltd b bbb concurrently ratings placed creditwatch developing implications rating action reflects nov 28 2001 downgrade enron corp supports yosemite securities co prompted standard poor concerns viability merger agreement dynergy inc liquidity implications possible failure transaction yosemite securities creditwatch developing situation reflects possibility enron corp ratings move higher lower b level dynergy merger similar transaction materializes rating could upgraded absence dynergy another partner credit quality enron could go even lower copy related press release dated nov 28 2001 found standard poor web based credit analysis system www ratingsdirect com copyright 2001 standard poor ratings services contact standard poor london perry inglis 44 20 7826 3857 rebecca geen 08 13 est november 29 2001 copyright 2000 dow jones owns operates processing plants gathering pipelines alberta canada transports coal water slurry via pipeline southwestern u general partners partnership owned enron corp nyse ene one world leading electricity natural gas communications companies williams nyse wmb subsidiaries connects businesses energy delivering innovative reliable products services public relations contact beth jensen 402 398 7806 investor relations contact ellen konsdorf 402 398 7840 make opinion count click contact beth jensen 1 402 398 7806 ellen konsdorf 1 402 398 7840 northern border partners l p 08 05 est copyright 2000 dow jones company inc rights reserved