enron mentions interview new enron cfo ambitions forest products dow jones commodities service 10 30 01 enron shares fall day moody lowers rating updatel bloomberg 10 30 01 enron bond default insurance doubles credit woes updatel bloomberg 10 30 01 usa update 1 enron shares renew plunge drop eight year lows reuters english news service 10 30 01 usa enron shares continue slide reuters english news service 10 30 01 stockwatch enron falls 18 pct concerns co credit worthiness afx news 10 30 01 usa u stocks slump big drop consumer confidence reuters english news service 10 30 01 analyst report cnnfn hours 10 30 01 waiting enron bottom realmoney com 10 30 01 germany german watchdog may sue firms power charges reuters english news service 10 30 01 interview new enron cfo ambitions forest products zahida hafeez dow jones newswires 10 30 2001 dow jones commodities service copyright c 2001 dow jones 312 750 4132 zahida hafeez dowjones com copyright 2000 dow jones company inc rights reserved enron shares fall day moody lowers rating updatel 2001 10 30 13 19 new york enron shares fall day moody lowers rating updatel updates comment aep exelon northeast utilities trading business starting sixth paragraph houston oct 30 bloomberg enron corp shares fell much 20 percent day moody investors service placed largest energy trader rating commercial paper review downgrade lowered long term debt two notches junk status shares enron fell 2 60 19 percent 11 21 early afternoon trading earlier touched 11 lowest price since january 1993 stock 10 th day row dropped 83 percent year moody lowered enron long term credit rating baa 2 baal yesterday also placed company p 2 rating commercial paper review possible downgrade think investors would loved downgrade stable outlook company commerzbank securities analyst andre meade said moody left uncertainty meade enron shares rates company accumulate executives exelon corp american electric power co northeast utilities said still trading enron watching closely nervous probably right word watching closely aep chief executive officer linn draper said energy conference new orleans focusing new deals short term november december columbus ohio based aep biggest u electricity generator traders often buy sell power delivery next day week month quarter calendar year bloomberg energy service quoting power prices far ahead september 2003 keeping close eye exposure exelon corp co chief executive officer john rowe said conference keeping tight dollar limit trades declined provide specifics chicago based exelon biggest u nuclear power producer three weeks ago started monitoring position enron northeast chief financial officer john forsgren said conference right net payable exposure side probably keep way northeast based berlin connecticut continue trade enron long debt ratings remain investment grade forsgren said northeast new england biggest utility owner sec inquiry wall street journal reported u security exchange commission inquiry enron financial dealings affiliates run company former chief financial officer andrew fastow moved washington signaling investigation become serious investors say worried 3 3 billion liabilities affiliates formed buy sell enron assets houston based enron ousted fastow wednesday amid sec inquiry partnerships ran cost company least 35 million energy stocks also fell today price natural gas new york mercantile exchange dropped much 3 7 percent standard poor 500 index much 2 3 percent consumer confidence u economy dropped october lowest level 7 1 2 years shares duke energy corp fell 1 33 37 81 dynegy inc dropped 2 23 5 7 percent 36 70 el paso corp fell 1 44 2 8 percent 49 30 exxon mobil corp fell 1 15 39 53 mark johnson princeton newsroom 609 750 4662 enron bond default insurance doubles credit woes updatel 2001 10 30 12 58 new york enron bond default insurance doubles credit woes updatel adds background asset write offs seventh paragraph new york oct 30 bloomberg insurance premiums doubled enron corp bondholders investors seek protection amid questions whether enron pay debts keep investment grade credit rating contract protect default next 18 months increased annual fee 13 5 16 5 percent face value 6 5 7 5 percent week earlier according creditsights inc enron shares fell much 2 74 20 percent 11 07 stock lost 65 percent value since oct 17 enron 6 4 percent coupon bonds due 2006 bid 74 cents dollar traders said much 6 cents yesterday price 80 cents debt yields 14 1 percent 12 1 percent yesterday 10 8 percent friday banks scrambling hedge exposure credit protection market said peter petas debt analyst creditsights john tompkins trader credittrade credit derivatives brokerage said interest among buyers though sellers enron default swaps said bids enron credit default swaps 7 8 percent annually five years protection 12 percent annually three years contract offers enron atrocious today said undisclosed largest energy trader troubles began two weeks ago reported 1 01 billion losses including 544 million written competitive energy supplier business bandwidth trading business enron formed least 18 affiliated companies buy sell company assets according records texas secretary state affiliates profited buying selling assets enron houston based company losses included 35 million partnerships set chief financial officer andrew fastow fastow later fired u securities exchange commission asked information transactions disclosure set concern among investors little known enron balance sheet caused ratings companies examine company investors nervous name said freda lam credit strategist j p morgan chase co new york investor relations enron long term debt rating cut yesterday baa 2 two levels junk baal moody also placed houston based company p 2 rating commercial paper borrowing nine months less review downgrade enron shut commercial paper market since ratings agencies began review lack access money markets makes difficult enron borrow short term cash needed run trading businesses ahead potential cut enron took bank lines repay 2 billion commercial paper last week still wall street expects enron bonds paid stock price bounce back suspect enron share price likely recover near term lam said ultimately expect company successful needs improve investor relations disclosure tom kohn london newsroom 44 20 7330 7929 usa update 1 enron shares renew plunge drop eight year lows 10 30 2001 reuters english news service c reuters limited 2001 new york oct 30 reuters shares enron corp tuesday dropped eight year lows day energy giant said seeking fresh credit rating agency cut company debt two notches junk status enron stock plunged 2 56 18 percent 11 25 morning trading new york stock exchange shares tumbled every day since oct 16 north america biggest marketer trader natural gas power reported first quarterly loss four years last time shares traded 12 january 1993 cutting enron senior unsecured debt rating monday moody investors service warned could lower rating even well cut enron short term debt status also monday enron confirmed seeking additional credit lines tapping 3 3 billion credit lines last week however company declined say much asking banks extend houston based enron lost 15 billion market capitalization past two weeks amid series disclosures balance sheet deals partnerships run former chief financial officer shares plummeted amid concerns transactions securities exchange commission said looking move bolster investor confidence enron last week ousted cfo linked transactions named new one enron released financial results two weeks ago company day later said writing shareholders equity 1 2 billion move surprised investors copyright 2000 dow jones company inc rights reserved usa enron shares continue slide 10 30 2001 reuters english news service c reuters limited 2001 new york oct 30 reuters shares enron corp tuesday dropped lowest level eight years day energy giant said lobbying banks new credit line rating agency downgraded company senior unsecured debt two notches junk status enron stock 1 06 7 68 percent 12 75 nearly eight year low early trading new york stock exchange last time shares fell 13 february 1993 cutting enron rating moody investors service warned could lower rating even well cut enron short term debt status houston based enron lost 15 billion market capitalization amid series negative disclosures balance sheet deals two partnerships investors looking answers abandoned enron firmly declined provide details copyright 2000 dow jones company inc rights reserved stockwatch enron falls 18 pct concerns co credit worthiness 10 30 2001 afx news c 2001 afp extel news ltd new york afx shares enron corp sharply lower afternoon trade losing 18 pct concern company credit worthiness day said negotiating banks new credit line moody investor service cut company senior unsecured long term debt ratings dealers said 1 37 pm shares enron trading 2 47 usd lower 18 18 pct 11 34 djia fell 144 75 points 9 124 75 p 500 lost 17 57 points 1 060 83 nasdaq composite declined 33 72 points 1 665 75 monday moody said lowered senior unsecured long term debt ratings enron corp baa 2 baal following deterioration company financial flexibility since announced significant writedowns well equity charges previously undisclosed partnership investments long term debt ratings remain review downgrade moody said third quarter results two weeks ago enron announced charge 1 01 bln usd 1 11 usd per share incremental 1 2 bln usd reduction stockholders equity related unwinding investments ljm partnerships securities exchange commission requested company provide information related party transactions days later many analysts responded cutting shares ratings concerns dealings related ljm partnership connected chief financial officer andrew fastow may affect future earnings fastow dismissed enron board last thursday involvement running ljm partnerships enron invested enron heavy investments water broadband international energy come significant pressure wake current economic deterioration following company third quarter results investors abandoning stock droves worried valuation credibility enron core business merchant energy risk big bets enron took water broadband designed overcome future limits growth successful energy merchant business propel enron new league company bets turned big regrouping failed root current confusion enron forward prospects said duane grubert analyst bernstein enron survive reputation branding damaged said grubert noting partnership might best long term solution energy trader major issue company maintaining credit worthiness long term investment grade rating debt rating lost merchant business able transact normal addressable market income likely shrink quickly blms lj information contact afx www afxnews com www afxpress com copyright 2000 dow jones company inc rights reserved usa u stocks slump big drop consumer confidence denise duclaux 10 30 2001 reuters english news service c reuters limited 2001 new york oct 30 reuters stocks rooted negative ground midday tuesday consumer confidence october tumbled worst level seven years deadly sept 11 attacks left nation reeling fragile consumer sentiment added one layer apprehension wall street stocks began weak note amid dour outlooks companies like software provider openwave systems inc concern argentina default 132 billion debt load fear deadly attacks united states weak consumer confidence numbers threw fuel fire market already sliding back fairly substantial gains said rick meckler president investment firm libertyview oversees 1 billion encouraged people profits take profits market considerably lower blue chip dow jones industrial average slumped 120 62 points 1 3 percent 9 148 88 falling 2 percent earlier mcdonald corp 1 58 25 70 dragged dow world largest fast food restaurant company projected 2002 earnings wall street forecasts tech laced nasdaq composite index fell 27 04 points 1 59 percent 1 672 48 dropping 3 percent juniper networks inc lost 27 cents 23 73 merrill lynch cut rating network equipment maker shares doubled last month broader standard poor 500 index lost 14 77 points 1 37 percent 1 063 53 monday stocks suffered steepest drop since week sept 11 attacks adding pressure wall street u attorney general john ashcroft warned militants may plotting new attacks united states home abroad next week stocks sank monday rally last week stoked hopes lower interest rates tax cuts revive economy 2002 many economists betting economic bounce next year warn grim news meantime waiting economic news indicate unprecedented levels fiscal monetary stimulus desired impact going months happen said tony dwyer chief market strategist kirlin securities going choppy losers trounced winners new york stock exchange ratio 5 2 7 3 nasdaq 630 million shares changed hands big board 930 million nasdaq u consumer confidence plummeted october lowest seven years growing numbers americans lost jobs according survey conducted sept 11 attacks united states conference board private business research group said index consumer confidence plunged fourth straight month 85 5 october lowest since february 1994 report much worse wall street expectations fall 95 6 said rebound confidence likely time soon fading consumer confidence could undermine consumer spending drives two thirds activity economy believe already recession third quarter earnings reporting season winding wall street girding week heavy load economic data data include reports jobs manufacturing third quarter growth could point recession premise sometime spring economic recovery october play game every day said larry wachtel senior vice president prudential securities news continues bad oversold able get overbought struggle every day ford motor co world second largest auto maker shed 3 cent 16 18 company ousted president chief executive jacques nasser year mounting troubles replace chairman william clay ford jr openwave systems inc sank 21 percent 1 89 7 10 communications software provider warned disappointing results restructuring slashing jobs enron corp lost 2 57 11 24 dipping 12 first time since january 1993 energy giant lobbying banks new credit line rating agency chopped enron senior unsecured debt two notches junk status philip morris cos inc world largest tobacco company dropped 1 87 47 81 investment house goldman sachs removed dow component recommended list saying profit growth likely slow domestic international tobacco operations stock health insurer anthem inc rose 4 56 40 56 debut nyse boosting hopes recovery moribund market initial public offerings copyright 2000 dow jones company inc rights reserved business analyst report david haffenreffer 10 30 2001 cnnfn hours c copyright federal document clearing house rights reserved david haffenreffer cnnfn anchor hours welcome back investors watching next move nation largest natural gas power marketing company enron url http www enron com battered energy trader attempting establish credit lines moody downgraded company credit rating couple notches junk status enron stock take look plunged 10 percent yesterday lost 50 percent past two weeks enron woes affecting natural gas market joining us robert collins president new york mercantile exchange welcome back program j robert collins president nymex thank haffenreffer certainly enron much involved trading natural gas got trades nymex levels high levels certainty surrounding companies current problems affected collins well time company goes short term period troubles industry surrounding intricate layer credit relationships concerned ability paid haffenreffer people know enron role play trading natural gas futures collins well major counter party natural gas industry trading selling distributing natural gas extensive network credit relationship virtually every natural gas company north american industry haffenreffer involved way almost every trade natural gas big collins say involved every trade involved substantial amount trading electronic market making system component market perhaps percentage trades nymex haffenreffer trading takes place fast lot money changing hands time lot credit given people trading company like enron got liquidity problems even fears liquidity problems affect people trades collins yes absolutely cause people retract trading cause disruptions natural flow trading unlike financial markets serious credit concern haffenreffer result nymex working faster clip get clearing service set right explain role easing people fears collins well last night board approved offering new service called counter clearing extending initially primary natural gas contract henry hub natural gas futures allow counter parties perhaps may question credit worthiness place trade exchange clearing mechanism network 50 financial institutions aa credit standard haffenreffer real quick month half since september 11 th collins yes haffenreffer things back normal collins say back normal although every day gets little better haffenreffer right good see collins thank haffenreffer bob collins nymex president copyright 2000 dow jones company inc rights reserved waiting enron bottom james j cramer realmoney com 10 30 2001 09 17 est url want know buy enron ene nyse news commentary nothing fundamentals pretty sure investment banks whatever necessary keep oil gas version long term capital management hedge fund blew business everybody best client days though concentration holdings among mutual funds still rage idiotic need know enron bottoming janus done selling janus aggressive buying fund owned 50 million shares thing long ago staggering concentration moved stock begin sources indicate janus dumping stock think possibly make decision whether buy without knowing janus done key material fact whether enron gets credit line game always like ken heebner 80 mutual fund managers try bigger market try move stocks buying certainly wreck stocks go ah years 2000 2001 brought different paradigm mutual funds dump dump terribly really damage stock damages company damages company credit damages stock really vicious circle starts selling funds created darling touch stock unless knew janus done selling course big secret janus sure going tell broker going tell brokers sly tell folks finished fear janus finish one broker go another also style trading put quote marks style reality style would mean know trade big position folks really course done gotten bid 50 million shares two three points rather play drib drab game never learn sell shop another reason business market longer straight really way knowing see volume stock rise stock start going believe enron make best miss first two points sure janus done keep eyes spot bottom one together random musings think good trader think trade big boys think want able catch hedge fund want pick five g interim ok enter trading contest right contest real money line entered real prize money could test verified test need show guys like berko old partner know trade make money tell valuable validation career get paid boot sign contest hope join germany german watchdog may sue firms power charges claire louise isted 10 30 2001 reuters english news service c reuters limited 2001 frankfurt oct 30 reuters germany cartel office said tuesday would take legal action four utilities change way charge competitors power used keep grid balance wait reaction four companies see change accounting system hinder competitiors cartel office spokesman stefan siebert told reuters ultimately could issue injunction force competition authority said earlier statement received complaints grid operators bewag bklg de enbw hew veag four firms charge competitors unreasonable partly fictitious costs balancing energy german grid operators sole control purchase sale power grid areas control temporarily switching power plants poses potential threat power suppliers new entrants german market london enron capital resources hamburg lichtblick small customer portfolios balance unplanned amounts power withdrawn well big utilitiy groups statement said consequently greater need balancing energy threatened considerable burden unreasonable prices four utilities argued accounting system use balancing energy corresponds guidelines country association agreement vv 2 due modified next year illegal cartel conduct justified association agreement said cartel office president ulf boege statement references agreement show rather urgent need action vv 2 currently modified develop regulations accounting balancing energy conform cartel law added utilities rwe e introduced auction system balancing energy needs provide market potential generators condition respective mergers last year rwe net regulating power manager klaus albers said last week system introduced april based cartel office model far produced lower prices designed said expected grid operators introduce market balancing energy needs within two years 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