enron mentions enron shares fall concern cfo partnerships update 4 bloomberg 10 19 01 usa update 1 enron stock sustains heavy losses reuters english news service 10 19 01 enron corp cut hold g edwards bloomberg 10 19 01 bandwidth beat enron broadband unit takes beating dow jones energy service 10 19 01 dynegy chief bandwidth growth wait trading dow jones energy service 10 19 01 uk jobs base metals definitely reuters english news service 10 19 01 new power hldg sees meeting 3 q loss estimate dow jones news service 10 19 01 enron shares fall concern cfo partnerships update 4 2001 10 19 16 24 new york enron shares fall concern cfo partnerships update 4 updates chief financial officer fastow immediately return call comment fifth paragraph houston oct 19 bloomberg enron corp shares fallen 26 percent past three days concern biggest energy trader dealings partnerships run chief financial officer contributed investment losses enron stock dropped 10 percent today enron board cost company least 35 million allowing chief financial officer andrew fastow manage ljm cayman ljm 2 co investment partnerships bought enron assets shareholder alleged wednesday lawsuit lawsuit came day enron reported 1 01 billion third quarter losses failed investments wall street journal reported 35 million losses connected two limited partnerships enron also reduced shareholders equity 1 2 billion bought back 55 million shares partnerships paper reported yesterday looks sleazy said roger hamilton manager john hancock value funds 600 000 shares someone invests company management almost time punt enron enron spokeswoman karen denne return calls written requests seeking comment fastow immediately return telephone call comment fastow handful associates made 7 million last year management fees 4 million capital increases investment 3 million one partnerships journal reported today buying enron assets fastow involved 17 similar companies partnerships appear ties houston based enron based filings texas secretary state foreign business corporations limited liability companies directors officers managers whose address listed 1400 smith street houston enron corporate address according texas records fastow listed director officer managing member one least one companies bought sold enron assets including foreign power plants whitewing management lists fastow managing member received 807 million sale enron debt last year terms debt sale whitewing allowed use proceeds buy power plants enron make permitted investments whitewing bought 14 enron plants companies since 1999 sold four enron denne responded written requests fastow role whitewing whether used knowledge value enron assets benefit outside investors company executives enron expense shares enron fell 2 95 26 05 fallen 69 percent year russell hubbard princeton newsroom 609 750 4651 rhubbard 2 bloomberg net jim kennett houston 713 353 4871 jkennett bloomberg net pjm alp pjm usa update 1 enron stock sustains heavy losses 10 19 2001 reuters english news service c reuters limited 2001 new first paragraph adds additional analyst comment andrew kelly houston oct 19 reuters enron corp stock sustained heavy losses friday investor confidence former wall street favorite rocked reports company relationship limited partnership run recently enron chief financial officer energy giant stock closed 2 95 10 2 percent 26 05 per share making cumulative loss 27 percent week enron reported third quarter loss 638 million first quarterly loss four years analysts said confidence shaken several articles wall street journal week alleging possible conflicts interest part chief financial officer andrew fastow recently ran limited partnership bought assets worth hundreds millions dollars enron think thing passes smell test said one analyst spoke condition anonymity think cfo right interest stockholders cfo gone said enron rejected suggestion anything improper arrangements fastow severed ties ljm 2 partnership earlier year allay concerns raised investors analysts dual responsibilities poor judgment analysts said least arrangement showed poor judgment senior managers enron recently pledged open investors analysts following series high profile stumbles culminated shock resignation new chief executive officer jeff skilling august company lot question marks around already questions financial dealings really worrisome investors said commerzbank securities analyst andre meade points poor decision making behalf board top management enron said enron north america biggest buyer seller natural gas electricity one wall street high flyers last year stock posted gain 87 percent stock ascent driven enthusiasm company plans build broadband telecommunications business success enrononline internet energy trading platform year enron shares fallen 69 percent sentiment toward broadband internet soured skilling resigned six months ceo company dabhol power plant project india became mired payments dispute moody investors service said earlier week placed enron long term debt obligations review possible downgrade enron took 1 01 billion write downs charges substantially reduced valuations several non core businesses including broadband water services enron financing arrangements require company maintain investment grade credit ratings analysts said enron credibility severely damaged recent reports ljm 2 partnership raised concerns unpleasant surprises may lie ahead know went company credibility asked one frustrated analyst know limited said copyright 2000 dow jones company inc rights reserved enron corp cut hold g edwards 2001 10 19 16 27 new york princeton new jersey oct 19 bloomberg data enron corp ene us downgraded hold buy analyst michael c heim g edwards sons inc bandwidth beat enron broadband unit takes beating michael rieke 10 19 2001 dow jones energy service copyright c 2001 dow jones 713 547 9207 michael rieke dowjones com copyright 2000 dow jones company inc rights reserved dynegy chief bandwidth growth wait trading erwin seba dow jones newswires 10 19 2001 dow jones energy service copyright c 2001 dow jones 713 547 9214 erwin seba dowjones com copyright 2000 dow jones company inc rights reserved uk jobs base metals definitely amanda cooper 10 19 2001 reuters english news service c reuters limited 2001 london oct 18 reuters dismal industrial demand fickleness hedge funds seduced volatile markets slashed london metal exchange members profits past year set gathering wave job cuts decline fall base metal prices past year half prompted series high profile companies withdraw market casting pall next week yearly lme week industry gathering london jobs gone front office back trading houses banks raising questions prospects seeking work good people always placed long job fill company budget hire sarah gilley london based recruitment group exchange consulting said situation starts get difficult everyone cutting budgets people replaced leave awful lot redundancies last week scotiamocatta subsidiary bank nova scotia key ring dealing member unveiled decision give open outcry trading lme floor prompting around 25 job losses among traders phone jockeys clerks blue blooded banker n rothschild sons closed london new york base metals units left core precious metals business intact 20 base metals staff laid process week lme largest floor trader enron metals said planned cut 10 20 percent metals staff part exercise cut 250 500 jobs enron group security three big market players several major banks commodities divisions slashing jobs time competition labour market intensify work becoming wary job security finding moment still demand traders track record possibly increasing people nervous jobs keen stay put gilley said whereas someone might big money spinner track record would previously stayed job two three years staying three five years probably feel reasonably safe well recognised going stick necks said bonus fears october never traditionally strong month jobs market base metals players often distracted lme week functions conferences also traders tend looking towards annual performance linked bonuses usually announced end year work moment sticking often time year people hanging bonuses think anticipating good bonuses probably happy job sian griffiths exchange consulting said lme volumes traded fallen past 18 months powerful hedge funds took shine metals swarmed areas hi tech telecomms stocks metals traders handled large volume fund activity begun focus moree traditional clients may yet prove boon jobs market companies seeking fill shortage staff schooled traditional practices trading physical metal lot companies sidelined traditional physical business aligning focus need poeple understand physical market know set hedge manage gilley said area demand markedly increased comparison years ago marketing added morale industry individuals confidence future seemingly undimmed lost job mean going sell porsche one trader said copyright 2000 dow jones company inc rights reserved new power hldg sees meeting 3 q loss estimate 10 19 2001 dow jones news service copyright c 2001 dow jones said revised agreement enron corp ene lowering collateral new power must post master netting agreement press release friday new power said amendment enron pact cost cutting efforts allow company continue conduct business secures ongoing asset backed financing company reiterated earlier expectations third quarter loss 65 million 70 million 1 12 1 20 share analysts put company third quarter loss 1 16 share according thomson financial first call third quarter revenue slightly lower 60 million 65 million forecast august new power said year ago third quarter new power lost 1 23 share revenue 18 19 million amendment master netting agreement enron north america corp enron energy services inc enron power marketing inc affects master cross product netting setoff security agreement expands jan 4 types collateral new power permitted post enron units amended pact first 70 million posted collateral must form cash amounts excess 70 million may consist 40 million eligible receivables inventory new power valued discounts specified amendment subject 25 million limit october 2001 shares new power traded recently new york stock exchange 1 67 1 cent 0 6 early composite volume 7 900 shares average daily volume 223 800 shares bill platt dow jones newswires 201 938 5400 copyright 2000 dow jones company inc rights reserved