enron mentions stocks close higher investors cheer earnings news dow jones business news 10 22 01 enron faces holder suit fincl chief pacts dow jones news service 10 22 01 shapiro haber ag edwards downgrades afx news 10 22 01 enron corp information requested sec regulatory news service 10 22 01 enron shares slide sec seeks information deals cfo partnership dow jones business news 10 22 01 enron says sec asks related party transactions update 8 bloomberg 10 22 01 uniprime signs letter intent wind energy park project business wire 10 22 01 stocks close higher investors cheer earnings news peter edmonston 10 22 2001 dow jones business news copyright c 2001 dow jones company inc wall street journal online stocks rallied sharply monday despite widening anthrax scare batch better expected quarterly earnings reports cheered investors dow jones industrial average gained 172 92 1 9 close 9377 03 gaining 40 89 points friday nasdaq composite index rose 36 75 2 2 1708 06 climbing 18 59 points previous session major stock indexes gained ground monday standard poor 500 stock index added 16 42 1089 90 new york stock exchange composite index rose 7 13 561 45 russell 2000 index gained 4 80 430 50 bonds mixed dollar strengthened stock market gains tempered briefly news postal worker washington c diagnosed anthrax contracted inhalation additionally two postal workers washington died deaths investigated determine died ailment stocks took anthrax reports stride suggesting new surprising level confidence among market participants analysts said monday market really shrugging news said mark donahoe managing director u bancorp piper jaffray upbeat earnings news american express released monday afternoon seemed give stocks additional lift investors may shifting focus away concerns anthrax exposure u military maneuvers afghanistan take closer look quarterly earnings results said steven kroll sr managing director monness crepsi hardt uncertainty global front looks like going long drawn affair mr kroll said think stocks revert back earnings driven although dismal ordinary standards last week flood quarterly earnings reports got reasonably upbeat reception investors seem approached extremely low expectations markets acted pretty well last week light ugly earnings said mr donahoe u bancorp resilience might giving hope investors week added still investors carefully sifting quarterly results coming week get fix fourth quarter shaping mr kroll argued third quarter earnings showed several pockets strength monday big companies minnesota mining manufacturing u steel posting results met topped analysts estimates dow industrials got additional boost shortly 2 p edt index component american express reported earnings excluding certain items beat wall street previously lowered estimates financial services concern posted net income 298 million 22 cents share 60 737 million 54 cents share year earlier excluding charges related corporate restructuring september 11 attacks american express said would earned 595 million 45 cents share latest quarter analysts expecting earnings 30 cents share according thomson financial first call shares american express surged quarterly earnings release closing 3 4 30 32 chip stocks helped lead nasdaq composite higher philadelphia semiconductor index gaining 5 4 rally seemed continuation friday gains sector sparked positive earnings news kla tencor u steel nation 1 steelmaker said swung third quarter loss profit year earlier hurt oversupply weak economy excluding charges related closure one mill damage another u steel said loss much narrower forecast analysts surveyed thomson financial first call shares u steel rose 9 7 14 74 investors also sent 3 shares nearly 5 higher maker chemical adhesive products squeaked wall street estimates despite 21 decline net income oil producers conoco usx marathon group handily beat analysts forecasts earnings news cheery local phone company sbc communications recorded net income slightly estimates shares sbc component dow industrials fell 5 1 41 40 meanwhile outlook corporate profits fourth quarter seems discouraging analysts noted monday 3 guided wall stret earnings expectations lower upcoming quarter top executive u steel told analysts company fourth quarter would difficult companies meeting third quarter expectations talking fourth quarter said mr kroll monness crespi hardt said rise monday markets might carryover friday buying activity related expiration u stock option index option contracts event known double witching one hardest hit stocks monday enron energy concern said securities exchange commission seeking information certain complex transactions undertook limited partnership organized chief financial officer shares enron plunged 21 20 65 overseas stocks closed higher london financial times stock exchange 100 share index gained 1 1 frankfurt xetra dax index rose 2 earlier day japan nikkei 225 average closed gain 0 3 hong kong hang seng index ended 0 3 lower economic news conference board reported index leading indicators month fell 0 5 september matching estimates economists surveyed thomson global markets index composite measurements aimed forecasting likely changes economy included data gathered sept 11 attacks decline index largest one month drop since january 1996 confirmed widespread weakness u economy deepening conference board said falling stock prices rising initial unemployment claims two index components contributed negatively september reading august leading indicators index slipped 0 1 less previous estimate 0 3 decline even back back declines paint bleak economic picture said conference board economist ken goldstein two month decline index suggests already weak economy likely remain weak next year mr goldstein said overall reading numbers indicates manufacturing services experiencing significant slowdown major u market action stocks rose big board 1 09 billion shares traded 1 813 stocks rose 1 291 fell nasdaq 1 49 billion shares changed hands bonds mixed 10 year treasury note rose less 1 16 point monday 62 5 cents 1 000 invested yield moves inversely price fell 4 618 30 year bond fell 1 16 point yield 5 364 dollar rose dollar bought 122 56 yen compared 121 20 yen late friday euro traded 89 18 u cents 89 84 cents late friday copyright c 2001 dow jones company inc rights reserved copyright 2000 dow jones company inc rights reserved enron faces holder suit fincl chief pacts 10 22 2001 dow jones news service copyright c 2001 dow jones dow jones newswires 201 938 5400 copyright 2000 dow jones company inc rights reserved shapiro haber urmy files class action behalf purchasers enron corporation stock nyse ene period july 13 2001 october 16 2001 10 22 2001 pr newswire copyright c 2001 pr newswire boston oct 22 prnewswire law firm shapiro haber urmy llp filed class action suit alleging securities fraud united states district court southern district texas houston division 515 rusk ave houston texas 77002 enron corporation enron nyse ene certain officers directors case filed behalf purchasers common stock enron period july 13 2001 october 16 2001 inclusive class period complaint alleges defendants violated section 10 b securities exchange act 1934 exchange act rule 10 b 5 promulgated thereunder defendants wrongful conduct artificially inflated price enron common stock class period complaint charges defendants misrepresented concealed material facts concerning company financial transactions two partnerships established enron chief financial officer resulted substantial losses enron reduction shareholders equity 1 billion price enron common stock plummeted 20 three trading days following disclosure financial losses resulting enron dealings partnerships plaintiff seeks recover damages suffered class members represented law firm shapiro haber urmy llp successfully prosecuted numerous securities class actions behalf defrauded investors information firm qualifications available firm website www shulaw com member class described may wish join action may move court serve lead plaintiff later december 21 2001 would like copy complaint would like discuss joining action lead plaintiff would like inform us member proposed class please contact thomas g shapiro esq liz hutton paralegal shapiro haber urmy llp 75 state street boston 02109 800 287 8119 fax 617 439 0134 e mail cases shulaw com make opinion count click contact thomas g shapiro esq liz hutton paralegal shapiro haber urmy llp 1 800 287 8119 cases shulaw com 16 54 edt copyright 2000 dow jones company inc rights reserved enron board approved partnerships run chief financial officer 10 22 2001 pr newswire copyright c 2001 pr newswire new york oct 22 prnewswire enron nyse ene shareholder filed derivative suit texas state court charges enron board directors breached fiduciary duties company allowing cfo andrew fastow create run certain limited partnerships enron board lost company 35 million allowing fastow run partnerships engaged transactions enron presented clear conflict interest enron cfo addition transactions limited partnerships bought enron assets permitting fastow use inside knowledge company financial condition earn millions dollars limited partnerships october 16 2001 company announced would take 35 million charge relating limited partnerships also revealed company repurchase 55 million shares order unwind involvement partnerships thereby reducing company shareholder equity 1 2 billion october 22 2001 company announced sec recently requested additional information regarding limited partnerships would like additional information regarding lawsuit may contact murielle steven walsh pomerantz haudek block grossman gross llp new york new york 888 476 6529 888 4 pomlaw mjsteven pomlaw com make opinion count click contact murielle steven walsh esq pomerantz haudek block grossman gross llp 1 888 476 6529 1 888 4 pomlaw mjsteven pomlaw com 15 41 edt copyright 2000 dow jones company inc rights reserved usa update 3 sec looks enron deals stock slides 20 pct david howard sinkman 10 22 2001 reuters english news service c reuters limited 2001 new york oct 22 reuters shares enron corp slumped 20 percent monday said u regulators looking company transactions another blow company whose chief executive resigned august spokesman north america biggest buyer seller natural gas electricity declined discuss inquiry u securities exchange commission said cooperating sec also declined outline details inquiry investor confidence company rocked reports wall street journal relationship two limited partnerships run recently enron chief financial officer andrew fastow company also reported last week first quarterly loss four years took 1 01 billion charges writedowns ill fated investments problems enron surfaced two months ago ceo jeff skilling resigned six months helm enron shares declined 5 49 21 percent 20 56 monday afternoon trade new york stock exchange shaving almost 4 2 billion market capitalization stock biggest decliner percentage loss nyse fell much 22 8 percent monday opened lowest level since september 1998 shares declined 23 percent last week journal ran first story limited partnerships wednesday enron declined comment whether sec inquiry certain related party transactions involved partnerships related party transactions heading used enron 1999 2000 annual reports discuss dealings limited partnerships ljm cayman lp larger ljm 2 co investment lp engaged complex hedging transactions involving company assets worth hundreds millions dollars fastow severed ties partnerships june ljm set june 1999 energy related investments ljm 2 december 1999 energy communication related investments journal reported 35 million third quarter loss 638 million connected limited partnerships curt launer analyst credit suisse first boston said investors question enron use real value accounting value certain assets notably telecommunications declined precipitously investors several opportunities question enron credibility turns share price declined launer said analysts though cautioned assuming fire might smoke inquiry investigation imagine enron attorneys accountants would allow something illegal said merrill lynch analyst donato eassey easy market kick company challenges last solid company think enron one shares company 75 percent year copyright 2000 dow jones company inc rights reserved enron shares plunge 20 percent acknowledging sec inquiry 10 22 2001 associated press newswires copyright 2001 associated press rights reserved houston ap shares enron corp plunged 20 percent monday energy trading giant said securities exchange commission sought information company transactions limited partnerships managed enron senior officer statement enron said provided regulatory agency information response inquiry last week welcome request enron chairman chief executive officer kenneth l lay said statement monday cooperate fully sec look forward opportunity put concern transactions rest investors upset news however sending shares enron dlrs 5 30 dlrs 20 75 heavy trading new york stock exchange transactions took place 1999 2000 according houston based enron 2000 annual report resulted dlrs 16 million pre tax gain enron 1999 dlrs 36 million loss 2000 enron officials declined provide details transactions name limited partnerships instead referring questions section annual report related party transactions enron entered transactions limited partnerships hedge certain merchant investments assets according section annual report enron spokesman mark palmer said sec first contacted enron last week described request informal inquiry investigation said see request opportunity put issue behind us sec spokesman john heine said could comment filings confirm deny type activity heine said electricity marketer natural gas provider says internal external auditors attorneys reviewed related party arrangements company board fully informed approved arrangements disclosed company sec filings copyright 2000 dow jones ag edwards downgrades 10 22 2001 afx news c 2001 afp extel news ltd new york afx shares enron corp sharply late morning trade securities exchange commission requested company provide information certain related party transactions prompting ag edwards downgrade stock hold buy dealers said 11 10 enron 4 29 usd 16 47 pct 21 76 djia 57 57 points 9 261 68 p 500 composite index 5 57 points 1 079 05 statement morning enron confirmed sec requested documents said would cooperate fully commission however company give details transactions concerned reasons behind sec request according ag edwards analyst mike heim enron significantly reduced equity unroll partnership arrangement partially owned subsidiary formerly run enron chief financial officer arrangement discussed past sec filings led growing distrust company financial community opinion market likely overreacting news disseminated last days however give assurances problems enron fully disclosed heim said statement morning enron said although internal external auditors attorneys reviewed related party arrangements adding board fully informed approved arrangements disclosed company sec filings believe everything needed considered done connection transactions considered done said chief executive kenneth lay ng gc information contact afx www afxnews com www afxpress com copyright 2000 dow jones company inc rights reserved enron corp information requested sec 10 22 2001 regulatory news service c 2001 intnth 22 october 2001 enron announces sec request pledges cooperation houston enron corp nyse ene announced today securities exchange commission requested enron voluntarily provide information regarding certain related party transactions welcome request said kenneth l lay enron chairman ceo cooperate fully sec look forward opportunity put concern transactions rest meantime continue focus core businesses serving customers around world enron noted internal external auditors attorneys reviewed related party arrangements board fully informed approved arrangements disclosed company sec filings believe everything needed considered done connection transactions considered done lay said enron one world leading energy commodities services companies company markets electricity natural gas delivers energy physical commodities provides financial risk management services customers around world enron internet address www enron com stock traded ticker symbol ene end msceafeaalxfffe copyright 2000 dow jones company inc rights reserved enron shares slide sec seeks information deals cfo partnership 10 22 2001 dow jones business news copyright c 2001 dow jones company inc houston shares enron corp slumped monday energy trading concern said securities exchange commission asked information certain related party transactions including enron limited partnership organized chief financial officer enron promised cooperate fully sec request said prepared statement welcomes request looks forward put concern transactions rest 4 p edt trading new york stock exchange enron ene shares fell 5 40 21 20 65 last week wall street journal reported limited partnership organized andrew fastow enron chief financial officer made millions profits transactions firm story cited information reported internal partnership document enron also said last week repurchase 55 million shares issued part transactions ljm 2 co investment lp limited partnership created mr fastow addition enron took 1 01 billion charge third quarter mostly connected write downs bad investments producing loss 618 million 84 cents share excluding charges income 393 million 43 cents share quarter charge covers wide range items including costs related limited partnerships recently mr fastow company said costs connected partnerships total 35 million involve early termination certain structured finance arrangements partnerships set two years ago company maintains perfectly proper suggested conflict interest enron chief financial officer involved partnership looking purchase enron assets journal reported energy company said auditors reviewed arrangements board fully informed approved deals disclosed sec filings believe everything needed considered done connection transactions considered done enron chairman chief executive kenneth lay said monday separately enron shareholder filed derivative lawsuit texas court alleging enron board breached fiduciary duties company allowing mr fastow create run certain limited partnerships law firm representing unnamed shareholder said prepared statement enron board lost 35 million allowing mr fastow run partnerships engaged transactions enron presented conflict interest suit alleges limited partnerships bought enron assets permitting mr fastow use inside knowledge company financial condition earn millions dollars bill platt dow jones newswires contributed report copyright c 2001 dow jones company inc rights reserved copyright 2000 dow jones company inc rights reserved enron says sec asks related party transactions update 8 2001 10 22 17 10 new york enron says sec asks related party transactions update 8 adds sixth paragraph analyst estimates dissolving affiliated companies would cost 3 billion houston oct 22 bloomberg enron corp shares fell 21 percent houston based company said securities exchange commission requested information partnerships run chief financial officer andrew fastow executives enron largest energy trader created partnerships affiliated companies buy sell assets power plants lower debt books investor sued enron board wednesday saying two partnerships cost company 35 million fastow leadership conflict interest investors today said concerned enron may forced dismantle affiliated companies paying owners cash stock chief executive ken lay said last week may unravel agreements created companies enron debt ratings fall far need confidence long term credit rating go investment grade said roger hamilton analyst john hancock value funds 600 000 enron shares enron reduced shareholders equity 1 2 billion repurchased 55 million shares two partnerships controlled fastow ljm cayman lmj 2 co investment wall journal reported last week dismantling affiliated companies partnerships would cost enron shareholders much 3 billion ray niles salomon smith barney analyst wrote report investors today enron shares fell 5 40 20 65 touched 19 67 day trading lowest level since jan 15 1998 shares plunge stock fallen 75 percent year amid concerns failed investments trading space fiber optic communications networks water company resignation jeff skilling ceo august seven months job skilling said resigned personal reasons investors say departure led question whether company concealing problems including possible liabilities affiliated companies tuesday enron surprised many investors reported 618 million third quarter loss result writing 1 01 billion failed investments moody investors service placed company debt watch possible downgrade company debt rated investment grade fitch standard poor moody company received faxed request information sec wednesday asking information spokesman mark palmer said respond soon possible cooperate fully sec look forward opportunity put concern transactions rest lay also enron chairman said statement dilution fears enron formed least 18 companies serve financing vehicles projects based filings texas secretary state fastow enron executives named controlling partners board members companies bought enron assets power plants removing debt projects enron books allows enron keep cash earned main trading business supporting views secondary businesses standard poor debt analyst todd shipman said enron brokers trades electricity natural gas commodities well owns power plants natural gas pipelines dismantling affiliates would costly whitewing management affiliated company bought 14 enron power plants lists fastow managing director holds 250 000 preferred shares enron enron may convert preferred shares common stock share prices fall certain level credit rating drops investment grade according company filings would dilute value common shareholders investment concern many dilutive structures shipman said investors worried might share enron earnings lot people originally thought worrisome financing enron auditors attorneys reviewed company related party arrangements board approved disclosed sec filings enron said statement eased concerns reduction shareholder equity 1 2 billion ljm partnerships reason worry enron financing vehicles wrote niles salomon analyst enron also may take another 2 4 billion losses investments dabhol power plant india projects south america wrote enron 8 percent coupon bonds due 2005 fell 34 per 1 000 face value offered 1 022 today 1 056 friday traders said yield debt rose 7 33 percent 6 33 percent based bloomberg composite ratings enron long term debt rated bbb 2 bbbl two three levels investment grade fastow continues work enron punished palmer said fastow declined interviewed spokeswoman karen denne said sec spokesman john heine declined comment agency request enron believe everything needed considered done connection transactions considered done lay said statement uniprime signs letter intent wind energy park project 10 22 2001 business wire copyright c 2001 business wire apache junction ariz business wire oct 22 2001 uniprime capital corporation inc nqb uprc announced today signed letter intent loi jessel enterprises inc los angeles partial interest wind park ground lease ground lease owned enron wind development corp subsidiary enron corp nyse ene represents excess 3 000 acres prime natural land tehachapi valley possessing extremely high quality wind source output particular location rated approximately 64 megawatts service roughly 40 000 residential customers revenue generation jessel enterprises wind park estimated 96 million per year uniprime capital corporation president ceo randy russo stated pleased opportunity assist providing clean environmentally favored alternative power supply california consumers especially view recent crisis condition many west coast markets experiencing additional information particular wind park project industry general found american wind energy association website http www awea org uniprime capital corporation publicly traded investment holding company trading symbol uprc statements contained document historical nature forward looking within meaning private securities litigation reform act 1995 forward looking statements subject risks uncertainties may cause future results differ materially set forth forward looking statements uniprime capital corporation undertakes obligation update forward looking statements reflect events circumstances date hereof risks uncertainties respect uniprime capital corporation include limited ability successfully implement internal performance goals performance issues suppliers regulatory issues competition effect weather exposure environmental issues liabilities variations material costs general specific economic conditions