enron mentions 11 21 01 enron stock bonds receive hits following warning wall street journal 11 21 01 enron vdeg may bid export bulgarian electricity paper says bloomberg 11 21 01 raymond james analyst cartwright comments enron disclosure bloomberg 11 21 01 enron stock punishment deepens debt woes cast pall merger houston chronicle 11 21 01 watchdog group nixes request probe enron audit woes dow jones news service 11 21 01 japan enron mulls withdrawal japan jiji reuters english news service 11 21 01 enron stock falls nearly 23 percent amid concern financial outlook associated press newswires 11 21 01 bleak outlook trouble customers drops enron stock nearly 23 percent associated press newswires 11 21 01 enron trouble deepens wall street journal 11 21 01 front page companies markets new fears dynegy bid hit enron financial times 11 21 01 enron share price falls 23 percent news quarterly earnings changes krtbn knight ridder tribune business news houston chronicle texas 11 21 01 companies finance americas enron suffers amid dynegy rescue concern financial times 11 21 01 enron growing financial crisis raises doubts merger deal new york times 11 21 01 enron shares fall debt concerns los angeles times 11 21 01 new doubts enron india investment new york times 11 21 01 inside track insider selling remained mild last month wall street journal 11 21 01 enron sued alleged pension fund endangerment dow jones news service 11 20 01 hagens berman announces class action lawsuit enron business wire 11 20 01 usa update 3 debt fears spear enron stock decade low reuters english news service 11 20 01 usa corrected accounts board eye peer reviews amid enron furor reuters english news service 11 20 01 enron ongoing woes cnnfn markets impact 11 20 01 enron credit remains negative watch p says updatel bloomberg 11 20 01 u equity movers final aradigm creo enron espeed ramtron bloomberg 11 20 01 enron faces limits business energy traders updatel bloomberg 11 20 01 enron falls amid concern debt threatens dynegy bid update 7 bloomberg 11 20 01 enron investor files suit block company sale dynegy bloomberg 11 20 01 enron employee sues alleged endangerment 401 k funds bloomberg 11 20 01 cnnfn street sweep 14 enron analysis cnnfn 11 20 01 enron stock bonds receive hits following warning john r emshwiller staff reporter wall street journal 11 21 2001 wall street journal 4 copyright c 2001 dow jones company inc enron corp stock bond prices took another beating energy company release late monday much anticipated third quarter financial filing securities exchange commission revealed potentially major new cash flow earnings headaches 4 p new york stock exchange composite trading yesterday enron shares 6 991 2 07 23 enron topped big board active list 89 9 million shares traded twice volume next active stock enron bond prices fell range 70 cents 80 cents dollar according market observers following announcement earlier month dynegy inc plan purchase enron around 10 billion stock bond prices firmed 80 cents dollar yesterday dynegy spokesman comment status pending acquisition say company reviewing enron third quarter financial report filed sec part continuing due diligence proposed acquisition dynegy would exchange 0 2685 shares enron share based dynegy 4 p price yesterday big board 41 70 share 1 90 deal values enron shares 11 20 well current market price monday third quarter financial report enron supplemented revised enron earnings announcement last month reinforced fears energy trading company precarious financial position awhile said andre meade head u utility research commerzbank securities reported wall street journal enron sec filing monday said company deteriorated credit standing might repay 690 million note coming monday filing also said enron might forced take 700 million pretax charge earnings current quarter ending dec 31 due drop value assets houston based enron deepening financial distress past month since announcing big asset shareholder equity reductions third quarter much turmoil caused company dealings partnerships headed former enron officers including former chief financial officer dealings subject formal sec investigation enron financial woes also led reduced level transaction activity company trading partners sec filing said well poorly enron energy trading volume holds million dollar question said simmons co analyst jeff dietert enron trading operation company main profit engine major attraction dynegy acquisition deal yesterday major energy trading companies said still business enron closely monitoring firm condition standard poor ratings group also reaffirmed enron credit ratings even though said monday sec filings raise liquidity issues company copyright 2000 dow jones company inc rights reserved enron vdeg may bid export bulgarian electricity paper says 2001 11 21 03 40 new york sofia nov 21 bloomberg enron corp largest energy trader seeks export electricity bulgaria italy dnevnik daily reported citing unidentified sources state energy agency enron well two german companies including vdeg invited bid tender national electricity company select energy trading partners paper said enron bought rival dynegy inc 20 billion currently nec ead sole exporter electricity bulgaria provides energy neighbors including serbia macedonia montenegro greece kosovo albania turkey last year country exported electricity worth 117 million turkey alone opening energy market competition part requirements bulgaria join european union international monetary fund expected provide 150 million bulgaria next year also insisted reorganization energy industry raymond james analyst cartwright comments enron disclosure 2001 11 21 07 45 new york new york nov 21 bloomberg jon kyle cartwright senior vice president senior energy analyst raymond james associates inc st petersburg florida comments enron corp disclosure may repay 690 million note next week following downgrade credit ratings lowest investment grade level houston based energy trader made disclosure filing securities exchange commission known 10 q monday believe dynegy knew maybe deal signed certainly 10 q published wiggle room deal write downs effectively includes note potential write whitewing still appears enough liquidity handle write offs 690 million limited partnership note short run rest week going difficult anyone trade enron generally concerned neither enron dynegy made public comments 10 q days ok long dynegy pull deal ok enron maintain investment grade rating enron corp bonds mature without incident hopefully company comment shortly ever company afford disclose time bomb 10 q enron disclosed prior added crisis confidence believe company able satisfy 690 million note appears able existing liquidity could renegotiate note bank facilities would jeopardized default note even buy recommendation enron notes based belief dynegy management credible enron lost credibility disclosure possibility enron may downgraded junk ratings nothing big fail pg e proved core business enron trading operation difficult people trade firm particularly energy trader concern able deliver side trade enron stock punishment deepens debt woes cast pall merger tom fowler copyright 2001 houston chronicle november 21 2001 continuing stream surprises depths enron corp balance sheet putting strain dynegy plans buy beleaguered competitor analysts say deal remains track enron share price dropped 23 percent tuesday 6 99 news company restate third quarter earnings would need pay renegotiate 690 million iou monday changes came five days enron executives told analysts conference call believed charges related special financing partnerships disclosed fact enron still capable pulling new rabbits hat would make think dynegy would question future earnings even said prudential securities analyst carol coale referring big income benefit dynegy hopes reap deal point dynegy says still going forward still positive outlook closing 690 million note payable related natural gas partnership brazil reported earlier fact would come due almost immediately company credit rating downgraded bbb happened nov 12 news analysts dynegy enron spokesman mark palmer said company cash hand pay obligation would like restructured extended negotiations way said surprise surrounding early deadline note likely high turnover enron accounting department said merrill lynch analyst donato eassey report tuesday believes debt taken account dynegy merger negotiations latest twists negative however likely turn tornado deal breakers opinion eassey said level enron purchased dynegy clearly baked types uncertainties purchase price enron also feeling pressure energy trading partners either cutting back amount business company keeping close watch enron credit rating officials mirant corp aquila said cut back trading houston based reliant resources watching situation carefully cautious monitoring position closely said joe bob perkins president reliant resources wholesale business think today feels significantly different felt week ago perkins said reliant officials read enron 10 q filing questions addressed enron perkins said said fuss 10 q seemed coming press energy trading industry said slowdown overall trading market may season problems enron looks like preholiday norm anything fundamentally different enron perkins said mean analysts resting easy commerzbank securities analyst andre meade said report although 10 q sheds light enron finances information continues released piecemeal making likely surprises store overall believe filing clearly shows enron remains precarious financial position status going concern much doubt meade said enron 1 5 billion cash 3 billion recently negotiated revolving credit lines well 800 million asset sales pending another 500 million 1 billion equity investment expected soon could disappear hurry however company credit rating drops one notch investment grade would trigger several partnership contracts would force company repay refinance 4 billion debt credit rating agency standard poor said tuesday maintaining enron rating prudential coale concerned real crisis six months almost 4 billion debt expected mature said fatalistic dire watchdog group nixes request probe enron audit woes judith burns dow jones newswires 11 21 2001 dow jones news service copyright c 2001 dow jones judith burns dowjones com copyright 2000 dow jones company inc rights reserved japan enron mulls withdrawal japan jiji 11 21 2001 reuters english news service c reuters limited 2001 tokyo nov 21 reuters u energy giant enron corp seen share price fall decade low considering withdrawing japanese market jiji news agency said wednesday jiji citing informed sources said enron group hopes sell business japan investment banks trading firms planning enter energy business officials enron corp japan could immediately reached comment enron japan formally opened tokyo office october 2000 2000 annual report said developing wholesale joint venture possibilities japan introduced product large electricity users form three five year contracts aimed reduce electricity bills 10 percent first year said report first contracts signed early 2001 shares enron closed 22 8 percent 6 99 new york stock exchange tuesday touching 6 55 day low seen since may 1991 enron largest energy trader united states warned monday could forced pay 690 million debt next week reduced already abysmal third quarter earnings copyright 2000 dow jones company inc rights reserved enron stock falls nearly 23 percent amid concern financial outlook juan lozano associated press writer 11 21 2001 associated press newswires copyright 2001 associated press rights reserved houston ap enron corp stock plummeted lowest level almost decade amid concerns energy company growing financial problems heightening worries planned acquisition dynegy inc might fall enron shares tumbled 2 07 23 percent 6 99 new york stock exchange tuesday lowest close since early 1992 earlier month energy marketer dynegy announced would buy enron larger rival stock deal valued 8 billion andre meade head u utility research commerzbank securities said know dynegy willing take enron headaches value core business energy trading reduced collapses bid dynegy gave enron breathing space solve problems meade said duane grubert analyst sanford c bernstein co said dynegy needs make sure deal prevail officials enron dynegy houston based said reports trading problems incorrect merger trouble continue business enron one largest customers one largest customers dynegy spokesman john sousa said late monday enron filed restated third quarter earnings increased loss period 3 cents share 87 cents company also disclosed trying restructure 690 million obligation could come due nov 27 enron spokeswoman karen denne said company received verbal indications given time pay debt adding enron financial woes reports several weeks companies limited buying selling future deliveries power natural gas fear paid could leave enron unable business obvious remain pretty precarious position things evolved declining worsening path said charlie sanchez energy markets manager gelber associates houston based energy trading firm denne said reports enron trouble buying energy traders erroneous seen recognizable change number customers said transaction volume within normal range enron agreed bought dynegy stock price plunged 80 percent weeks disclosing 1 2 billion reduction shareholder equity related partnerships run company officers arrangements allowed enron keep half billion dollars debt books partnerships investigation sec earlier month enron said overstated earnings 1997 first half 2001 586 million revised debt upward 628 million net enron http www enron com dynegy http www dynegy com copyright 2000 dow jones company inc rights reserved bleak outlook trouble customers drops enron stock nearly 23 percent juan lozano associated press writer 11 21 2001 associated press newswires copyright 2001 associated press rights reserved houston ap concerns enron corp ability weather spiraling financial problems sent company stock nearly 23 percent lowest level nearly 10 years shares tuesday tumbled dlrs 2 07 dlrs 6 99 new york stock exchange lowest since shares closed dlrs 7 72 feb 6 1992 day company disclosed might pay dlrs 690 million debt next week amid reports energy companies selling power natural gas fear paid analysts mixed whether enron survive latest financial storm dlrs 10 5 billion merger enron rival dynegy inc expected conclude next summer fall apart andre meade head u utility research commerzbank securities said know dynegy willing take enron headaches value core business energy trading reduced collapses bid dynegy gave enron breathing space solve problems meade said duane grubert analyst sanford c bernstein co said dynegy needs make sure deal prevail still looks attractive officials enron dynegy houston based said reports problems energy trading incorrect merger trouble john sousa dynegy spokesman said dynegy stick dlrs 8 7 billion buyout plan continue business enron one largest customers one largest customers sousa said late monday enron filed restated third quarter earnings securities exchange commission increased loss period 3 cents share 87 cents company also disclosed trying restructure dlrs 690 million obligation could come due nov 27 adding enron financial woes reports dow jones news service several weeks companies limited buying selling future deliveries power natural gas fear paid could leave enron unable business obvious remain pretty precarious position things evolved declining worsening path said charlie sanchez energy markets manager gelber associates houston based energy trading firm think little terms could renew confidence trading enron spokesman karen denne said reports enron trouble buying energy traders erroneous seen recognizable change number customers said transaction volume within normal range denne said company received verbal indications given time pay dlrs 690 million debt could due next week standard poor corp tuesday said continued monitor enron credit rating possible downgrade would put enron debt junk status territory making harder expensive borrow money net http www enron com http www dynegy com copyright 2000 dow jones company inc rights reserved report business wall street journal enron trouble deepens john r emshwiller wall street journal 11 21 2001 globe mail metro bl 2 material copyright c bell globemedia publishing inc licensors rights reserved enron corp stock bond prices took another beating following huge energy company release late monday much anticipated third quarter financial filing u securities exchange commission revealed potentially major new cash flow earnings headaches 4 p composite trading new york stock exchange yesterday enron shares 6 99 u share 2 07 23 per cent enron topped big board active list 89 9 million shares traded twice volume next active stock enron bond prices fell range 70 80 cents dollar according market observers following announcement earlier month dynegy inc plan purchase enron around 10 billion stock bond prices firmed 80 cents dollar yesterday dynegy spokesman comment status pending acquisition say company reviewing enron third quarter financial report filed sec part continuing due diligence proposed acquisition dynegy would exchange 0 2685 shares enron share based dynegy 4 p price yesterday 41 70 share 1 90 deal values enron shares 11 20 well current market price monday third quarter financial report enron supplemented revised enron earnings announcement last month reinforced fears energy trading company precarious financial position awhile said andre meade head u utility research commerzbank securities enron sec filing said company deteriorated credit standing might come 690 million later month honour collateral call note outstanding filing also said enron might forced take 700 million pretax charge earnings current quarter ending dec 31 due drop value assets houston based enron deepening financial distress past month since announcing big asset shareholder equity reductions third quarter much turmoil caused company dealings partnerships headed former enron officers including former chief financial officer dealings part formal sec investigation well poorly enron energy trading volume holds million dollar question said simmons co analyst jeff dietert copyright 2000 dow jones company inc rights reserved front page companies markets new fears dynegy bid hit enron robert clow andrew hill sheila mcnulty 11 21 2001 financial times c 2001 financial times limited rights reserved fears dynegy may able complete rescue bid enron time save rival energy group hit enron shares bonds yesterday investors limited exposure ahead tomorrow thanksgiving holiday stock fell 23 per cent 2 07 close 6 99 new york enron disclosed regulatory filing group said would repay 9 15 bn debt end next year filing shows view enron remains pretty precarious position convinced enron raise enough money fill obligations prior close dynegy said andre meade analyst commerzbank securities growing doubts chances 9 6 bn deal going widened spread enron share price value dynegy stock bid close new york yesterday enron shares trading discount 38 per cent offer dynegy would say filing important step due diligence process carrying enron warned monday filing last week credit rating downgrade standard poor would trigger repayment november 27 690 note unless posted collateral enron talking lenders avoid delay repayment p said yesterday believed enron net available cash 1 5 bn plus expected 500 additional private equity 800 asset sale proceeds would enough carry completion dynegy takeover agency kept company negative creditwatch meaning rating could still cut junk merrill lynch estimated enron burnt 5 bn cash 50 days officials dynegy enron estimated could take six nine months takeover approved enron fails would grave repercussions energy financial markets enron essentially insolvent without dynegy needs deal go said curt launer analyst credit suisse first boston believes still 90 per cent chance dynegy deal succeeding company bonds traded low 50 cents dollar yesterday although distressed investor wilbur ross runs wl ross co said firm buying bonds market overreacted additional reporting robert clow avenue americas page 13 www ft com enron c copyright financial times ltd rights reserved http www ft com copyright 2000 dow jones source world reporter tm continuing stream surprises depths enron corp balance sheet putting strain dynegy plans buy beleaguered competitor analysts say deal remains track enron share price dropped 23 percent tuesday 6 99 news company restate third quarter earnings would need pay renegotiate 690 million iou monday changes came five days enron executives told analysts conference call believed charges related special financing partnerships disclosed fact enron still capable pulling new rabbits hat would make think dynegy would question future earnings even said prudential securities analyst carol coale referring big income benefit dynegy hopes reap deal point dynegy says still going forward still positive outlook closing 690 million note payable related natural gas partnership brazil reported earlier fact would come due almost immediately company credit rating downgraded bbb happened nov 12 news analysts dynegy enron spokesman mark palmer said company cash hand pay obligation would like restructured extended negotiations way said surprise surrounding early deadline note likely high turnover enron accounting department said merrill lynch analyst donato eassey report tuesday believes debt taken account dynegy merger negotiations latest twists negative however likely turn tornado deal breakers opinion eassey said level enron purchased dynegy clearly baked types uncertainties purchase price enron also feeling pressure energy trading partners either cutting back amount business company keeping close watch enron credit rating officials mirant corp aquila said cut back trading houston based reliant resources watching situation carefully cautious monitoring position closely said joe bob perkins president reliant resources wholesale business think today feels significantly different felt week ago perkins said reliant officials read enron 10 q filing questions addressed enron perkins said said fuss 10 q seemed coming press energy trading industry said slowdown overall trading market may season problems enron looks like preholiday norm anything fundamentally different enron perkins said mean analysts resting easy commerzbank securities analyst andre meade said report although 10 q sheds light enron finances information continues released piecemeal making likely surprises store overall believe filing clearly shows enron remains precarious financial position status going concern much doubt meade said enron 1 5 billion cash 3 billion recently negotiated revolving credit lines well 800 million asset sales pending another 500 million 1 billion equity investment expected soon could disappear hurry however company credit rating drops one notch investment grade would trigger several partnership contracts would force company repay refinance 4 billion debt credit rating agency standard poor said tuesday maintaining enron rating prudential coale concerned real crisis six months almost 4 billion debt expected mature said fatalistic dire chronicle reporter laura goldberg bloomberg news contributed story copyright 2000 dow jones company inc rights reserved companies finance americas enron suffers amid dynegy rescue concern andrew hill sheila mcnulty 11 21 2001 financial times c 2001 financial times limited rights reserved concern dynegy may able complete rescue bid enron time save debt laden energy group hit enron shares yesterday stock fell 14 per cent morning trading new york following regulatory filing group said would repay 9 15 bn debt end next year filing shows view enron remains pretty precarious position convinced enron raise enough money fill obligations prior close dynegy said andre meade analyst commerzbank securities growing doubts chances 10 bn deal going widened spread enron share price value dynegy stock bid lunchtime yesterday enron shares trading discount 33 per cent offer filing published late monday enron also warned last week credit rating downgrade standard poor would trigger repayment november 27 690 note unless posted collateral enron 1 2 bn cash managed corporate treasury department november 16 unused credit lines 103 group wants renegotiate terms note lenders avoid delay repayment officials dynegy enron estimated could take six nine months takeover approved people close regulators say complexity deal may demand longer review ralph pellecchia analyst fitch credit rating agency said yesterday enron make interim period combined group much stronger enron stand alone basis one big company trades enron power gas markets said yesterday would reassess exposure houston based group counterparties already limited exposure amid fears enron fails would grave repercussions energy financial markets enron essentially insolvent without dynegy needs deal go said curt launer analyst credit suisse first boston believes still 90 per cent chance dynegy deal succeeding important thing enron could sustain trading operations sustained creates material adverse condition allowing dynegy pull added john olson sanders morris harris investment banking securities firm www ft com enron c copyright financial times ltd rights reserved http www ft com copyright 2000 dow jones section enron growing financial crisis raises doubts merger deal richard oppel jr 11 21 2001 new york times page 1 column 1 c 2001 new york times company shares enron plunged 23 percent yesterday expectations grew stock bond markets dynegy would either back deal rescue company seek renegotiate terms merger wall street analysts said top officials companies known last days recent downgrading enron credit meant would face 690 million loan payment next week unless could come collateral enron disclosure obligation late monday along new numbers extent cash squeeze raised fresh doubts among investors enron financial controls credibility said trading companies worried paid enron financial picture darkened continued yesterday limit exposure company nation biggest energy trader analysts also expressed concern rate enron appeared burning cash yesterday evening karen denne spokeswoman enron based houston said company obtained verbal indications lenders would extend time enron repay 690 million debt details extension including long would last still worked said payment due next tuesday executive close talks said bankers could see light end tunnel enron form deal dynegy incentive roll loan dynegy also based houston declined comment details enron disclosures came delayed report company called 10 q filing securities exchange commission third quarter results week ago dynegy chief executive chuck watson reassured investors enron business strong 1 5 billion cash infusion chevrontexaco dynegy biggest investor would calm market jitters dynegy less impassioned yesterday spokesman john sousa said best knowledge changes merger plans added due diligence 10 q important part due diligence said due diligence refers company thorough review financial commercial soundness pending deal merger deal announced nov 9 allows dynegy back transaction material adverse change circumstances enron shares fell 2 07 6 99 trading yesterday dynegy shares fell 4 4 percent 1 90 41 70 stock prices suggest widespread investor skepticism deal go current terms call enron share exchanged 0 2685 share dynegy yesterday prices dynegy would paying 60 percent premium enron year ago enron stock market valuation topped 60 billion company considered smartest fearsome company electricity natural gas industries chief executive kenneth l lay key backer confidante president george w bush name hoisted houston new baseball stadium enron field enron shares slid 92 percent peak dropping valuation 5 2 billion series unwelcome disclosures last month including admission overstated profits almost 600 million since 1997 analysts executives rival energy trading companies say enron faces collapse merger dynegy much smaller company falls apart enron standing think sustainable said senior executive one enron largest energy trading competitors besides dynegy continued commitment merger analysts industry executives said crucial issue enron restoring confidence investors trading partners financial health restatement earnings two weeks ago disclosures complex dealings partnerships run enron former chief financial officer prompted major credit rating agencies rate enron bond lowest investment grade level rating agencies take investment grade business anymore rival executive said yesterday become almost conventional wisdom another downgrade could force enron pay refinance 3 9 billion debt could prompt energy traders halt dealings company entirely fact standard poor one major credit rating agencies gave enron something vote confidence yesterday continue review company potential downgrade p said expects enron near term financial health sufficient carry company completion proposed merger dynegy p noted enron continuing negotiate major banks institutions infusion 500 million new equity enron executives still believed company would complete sale 800 million assets end year raising badly needed cash major energy trading companies continued limit exposure enron carefully watch company financial condition officials el paso corporation reliant energy two large energy traders houston said yesterday continued business enron others pulled back mirant large electricity generator trader atlanta trading limited basis expect broaden enron credit situation improves spokesman said executives two companies rank among nation largest traders spoke condition companies identified also said scaled back trading one companies selling natural gas electricity enron cases sales helped balance account enron executive said trying business offsets risk executive said ms denne enron spokeswoman said company transaction volume remains within normal range adding recognizable change yesterday number companies willing trade enron one significant dropped said analysts said enron disclosures late monday indicated company using cash rapidly previously thought 5 5 billion company taken equity infusions borrowings last month already depleted cash burn greater anticipated said carol coale analyst prudential securities houston obvious need cash estimated next summer enron could 2 billion short cash would need meet obligations ms coale noted 690 million obligation whose disclosure shook markets yesterday set credit downgrade nov 12 two days conference call investors asked enron official yesterday matter disclosed call ms coale said told aware contingency time call donato j eassey analyst houston merrill lynch said report dynegy unaware obligation calculated enron exhausted 5 billion cash last 50 days ms denne enron spokeswoman said company paid 1 9 billion short term u used 1 billion post deposits trading partners spent 800 million 1 billion pay refinance loans company 1 2 billion cash said including 450 million new line credit closed week separate credit line 103 million remaining jitters enron future extended debt market prices company bonds fell sharply yesterday enron short term bonds fell 5 points 80 cents dollar face value according traders distressed securities longer term debt maturing 2004 later dropped 10 points around 60 cents dollar enron bank debt traded recently traders said copyright 2000 dow jones financial desk enron shares fall debt concerns times staff wire reports 11 21 2001 los angeles times home edition c 1 copyright 2001 times mirror company houston latest negative disclosures enron corp tuesday pulled shares 23 level significantly price dynegy inc agreed pay beleaguered energy giant raising concerns planned takeover could fall apart renegotiated shares enron fell 2 07 close 6 99 new york stock exchange earlier touching 6 55 low seen since may 1991 company report monday new debt problems earnings revision become clear chances deal going 90 much closer 50 50 edward paik helps manage liberty utilities fund 1 6 million enron shares told bloomberg news meanwhile credit rating agency standard copyright 2000 dow jones section w new doubts enron india investment saritha rai 11 21 2001 new york times page 1 column 3 c 2001 new york times company bangalore india nov 20 fate single largest foreign investment india 2 9 billion dabhol power project thrown new uncertainty financial meltdown pending takeover majority owner enron corporation united states dynegy smaller rival agreed acquire mighty enron said focus narrowly enron core energy trading pipeline businesses sell assets enron 70 percent stake dabhol high sales list company bargaining leverage already eroded bitter ruinous dispute project customer weaker ever sale dabhol certainty aggressive enron may forced adopt pragmatic approach negotiations said k ravi utility analyst consulting firm frost sullivan dabhol power 2 184 megawatts generating capacity showpiece economic liberalization drive early 1990 enron repeated conflicts politicians environmentalists project earlier year maharashtra state utility contract buy dabhol output complained prices high stopped paying bills running 64 million arrears power cut plant shut enron raised stakes dispute serving notice would terminate contract pull project group indian state owned banks financial institutions 1 4 billion committed project countered challenges asset sales dabhol legal obstacles earlier month court ordered dabhol send utility final termination notice dec 3 initially enron adopted tough posture sale dabhol kenneth l lay enron chairman chief executive close friend president bush quoted saying india would face economic sanctions government create favorable climate sale enron stake enron find little lobbying traction either washington new delhi coalition building diplomacy war afghanistan makes unlikely bush administration would agree press india enron behalf september asking price enron stake dabhol power said 1 billion two serious indian bidders tata power bses privately owned utilities backed major industrial concerns reportedly willing pay half lenders prospective buyers adopt take leave line enron may little choice accept offer swallow huge loss controversial project gleamed promise bound distress sale one bank official said photo pier construction earlier year dabhol power project south bombay troubled enron corporation trying sell majority stake dabhol single largest foreign investment india associated press copyright 2000 dow jones company inc rights reserved inside track insider selling remained mild last month cassell bryan low staff reporter wall street journal 11 21 2001 wall street journal cl 3 copyright c 2001 dow jones company inc insider sentiment remained relatively bullish second month row volume selling corporate insiders companies shares remained light october robust first eight months year according thomson financial lancer analytics aggregates insider trading data last month ratio sellers buyers ranked dollar value 12 sold every dollar bought line five year average ratio peaked 34 1 may sales insiders typically outweigh purchases largely much corporate compensation days form stock options ratio september dipped low 3 1 lowest bullish since firm began tracking data 1996 insider data watchers attribute sharply lower valuations following sept 11 terrorist attacks prompted buying discouraged sales lon gerber lancer analytics director research also speculates could element patriotism insiders feel right selling post attack market plunge less bullish september signals mr gerber says encouraging insiders looking immediately take profits bounce market insider data analysts however keeping close eye november numbers see trend holds one explanation relatively light selling october could company restrictions insider transactions ahead third quarter earnings reports light said mr gerber would expect see bit increase sales november adds sales typically drop december people opt wait another month defer capital gains another year terms overall purchases insiders obviously finding fewer bargains nice market surge says jonathan moreland director research newsletter insiderinsights com still says sectors insiders indicating see value shares among says independent power producers aes corp nrg energy inc expects benefit need new energy plants also points lending institutions household international inc metris cos sensitivity interest rate moves suffered fears recession says mr moreland likely benefit lower interest rates economy likely strengthen next year power purchase five executives dynegy inc houston based energy trading power company earlier month announced plans buy enron corp beleaguered hometown rival spent 1 million purchasing company shares sept 24 oct 4 recently r blake young dynegy president global technology bought 15 000 shares oct 4 valued 597 750 increasing direct holdings 18 000 shares excludes options directors sheli rosenberg joe stewart picked 2 800 1 000 respectively oct 1 transactions mr rosenberg reported ownership 11 391 shares mr stewart 7 657 shares end september hugh tarpley president strategic investment made first open market purchase 7 500 shares director jerry l johnson increased holdings 500 shares 1 073 purchases made dynegy started negotiations enron oct 24 said company spokeswoman jennifer rosser merger announced nov 9 added company insiders bought shares confidence dynegy stock felt like opportunity purchase shares good price dynegy shares plunged weeks following sept 11 attacks 16 time insiders began buying shares 33 17 39 85 stock since rebounded 41 70 4 p new york stock exchange composite trading copyright 2000 dow jones company inc rights reserved enron sued alleged pension fund endangerment 11 20 2001 dow jones news service copyright c 2001 dow jones company inc houston dow jones lawsuit seeking class action status filed enron corp ene behalf enron employees participating energy company stock plan press release tuesday law firm hagens berman said complaint alleges enron retirement plan managers withheld crucial information risks enron stock enron officials immediately available comment late tuesday according law firm enron locked employee 401 k accounts oct 17 preventing employees moving investments enron shares oct 16 enron reported third quarter loss 618 million 84 cents share including 1 01 billion charge impaired assets azurix corp unit investment losses however company filed form 10 q monday said third quarter loss three cents share wider previously stated due adjustments end quarter enron sec filing said company deteriorated credit standing might repay 690 million note next monday filing also said enron might forced take 700 million pretax charge current quarter due drop value assets company deepening financial distress past month much turmoil caused company dealings partnerships headed former enron officers including former chief financial officer dealings subject formal sec investigation many energy trading companies unwilling sell power natural gas next day delivery enron tuesday morning due heightened credit concerns traders sources said hagens berman said suit seeks represent 21 000 employees invested enron stock plan jan 20 1998 tuesday shareholder lawsuits filed enron pension funds considered suing company enron shares closed tuesday 6 99 2 07 22 85 nov 9 dynegy inc dyn confirmed agreed buy enron stock swap initially valued 7 8 billion company web site http www enron com copyright 2000 dow jones louisiana pacific siding morrison knudsen piper jaffray nordstrom boston chicken noah bagels contact hagens berman steve berman 206 224 9320 steve hagens berman karl barth 206 224 9362 karl hagens berman com firmani associates jeremy mackie 206 443 9357 jeremy firmani com 18 49 est november 20 2001 copyright 2000 dow jones company inc rights reserved usa update 3 debt fears spear enron stock decade low c bryson hull 11 20 2001 reuters english news service c reuters limited 2001 houston nov 20 reuters latest negative disclosures enron corp tuesday speared stock price crashed decade low new debt problems earnings revision emerged day earlier shares enron closed 2 07 22 8 percent 6 99 new york stock exchange touching 6 55 day low seen since may 1991 enron far away day active stock 62 8 million shares changing hands volume double second active issue xerox corp meanwhile credit rating agency standard poor said may cut houston company bbb minus rating could trigger debt payoffs agency said enron liquidity issues unlikely derail merger smaller cross town rival dynegy inc announced nov 9 high high wire act ever seen analyst john olson investment house sanders morris harris said merger survive equity investors need reason buy stock confidence need restored equity investor leading way enron hellish tuesday market came company made new disclosures u securities exchange document filed market closed monday pressing news enron nov 26 put 690 million collateral debt partnership otherwise partnership could begin liquidating assets including brazilian gas company enron plans sell raise 250 million sec filing known form 10 q enron said suffering decrease trading volumes particularly longer term deals trading volume since trading business enron crown jewel segment coveted dynegy low margin volume drives profitability early tell effect lower volumes would future profitability enron said analyst andre meade commerzbank securities said dynegy watch volume drop carefully long term effect definitely impact value dynegy put business said dynegy gave limited response asked concerned lower volumes whether aware 690 million debt made deal acquire enron due diligence enron 10 q part process dynegy spokesman john sousa said meade said filing yet showed enron penchant making disclosures bit bit note latest downward revision third quarter earnings said restatements coming piecemeal find guess know full extent think revisions likely meade said one analyst follows enron said sec filing painted darker picture company cash position given 2 3 billion hand nov 16 shows cash drain company looks significant said analyst asked identified standard poor said enron currently 1 5 billion cash follows infusion recent weeks 1 5 billion dynegy merger 550 million loans secured pipeline assets 3 billion revolving credit lines another 450 pipeline backed loan expected day two enron said expects 500 million private equity investment plus 800 million asset sales enron owes 9 15 billion end next year total liability debt obligations 16 86 billion according sec filing merger dynegy expected close third quarter 2002 raising possibility enron without investment grade credit might liquidity survive long enron acknowledged much sec filing stating starkly would unlikely continue going concern credit rating cut triggers early payoff 3 9 billion debts partnerships belongs enron said rating cut would work payment arrangements p said similar effort undertaken case 690 million debt likely successful given alignment interests enron banks enron spokesman vance meyer said company received verbal indications deadline debt going extended details yet worked copyright 2000 dow jones company inc rights reserved usa corrected accounts board eye peer reviews amid enron furor 11 20 2001 reuters english news service c reuters limited 2001 washington story headlined accounts board eye peer reviews amid enron furor please read 3 rd paragraph many raised letter sent recently bowsher rep john dingell instead many raised letter sent recently bowsher rep charles dingell corrects rep dingell first name corrected repetition follows kevin drawbaugh washington nov 20 reuters regulatory panel oversees big u accounting firms plans discuss concerns peer review process issues next meeting december panel chairman said tuesday amid growing concern enron corp debacle accountants involved public oversight board chairman charles bowsher said lot problems enron case really significant problems many raised letter sent recently bowsher rep john dingell called board investigate arthur andersen auditor enron houston energy trader rocked past weeks series setbacks including securities exchange commission investigation investigation situation one done sec pob individual investigations bowsher said telephone interview reuters added dingell raise issues letter get responsibilities like overall quality processes standards firms use got look deal dingell michigan democrat specifically questioned peer review system overseen board congressman complained never resulted qualified review filed one major accounting firm another good processes good people bowsher confirmed dingell assertion added qualified review one firm another would drastic likely deserved nation biggest accounting firms since review process started 1978 part peer reviews recommendations areas need improved said real facts life big firms good processes hire good people train well 10 000 audits go well year question series big problem audits bring whole process concern ignore fact one things going thinking lot december meeting enron stock price plunged several managers resigned numerous shareholder lawsuits pending wake revelations certain unusual deals outside partnerships involving company officers enron earlier month said planned acquired dynegy inc critics said arthur andersen done enron auditor draw investors attention company unusual finances similar complaints voiced recent years performance auditors companies june arthur andersen fined 7 million sec settle charges filed false misleading audit reports waste management inc garbage hauling concern largest ever civil penalty big five accounting firm andersen admit deny charges copyright 2000 dow jones company inc rights reserved business enron ongoing woes bruce francis kathleen hays 11 20 2001 cnnfn markets impact c copyright federal document clearing house rights reserved kathleenhays cnnfn anchor markets impact well enron url http www enron com shares huh thought get wore got clobbered today company warned could forced pay next week hundreds millions dollars owes following recent credit downgrade bruce francis cnnfn anchor markets impact spell trouble following financial times scoop brought yesterday mounting fears dynegy url http www dynegy com could abandon proposed bid enron let get michael heim ph thoughts issues energy analyst g edwards thanks joining us appreciate michael heim g edwards pleasure francis first let get latest analysis latest news restate earnings might difficulty meeting obligations add heim well enron filed 10 q last night think everyone knows include modest restatement really think big news concern debt obligation talked although even 690 million manageable think 10 k filing addressed many previous concerns limited related party partnership enron obligations backstopping enron provided partnerships hays michael could tell us little bit get complicated really know hard time following understand presumably reason opposing deal dynagy enron dynagy knew going figured lot deals like one kind surprised would talking maybe triggering material adverse charge point could get deal mean say going bankers say talking going heim well unusual deals material adverse condition clause lot unknown enron difficult company follow dynagy certainly done lot due diligence crash period sure lot questions dynagy enron well dynagy careful worded deal left outs know going try take advantage outs certainly sure share lot concerns enron investors francis another shoe drop next week obligations come due 26 th heim well francis braced another big day enron stock found basement heim well tough question answer certainly anybody negative stock done knew problems coming know problems coming certainly say problems could disclosed yes situations like rely little bit company unfortunately company reputation already stained francis michael got sell stock point issue becomes attractive many potential bodies buried heim well firm believer always point stock becomes attractive point really become betting game whether deal gets done certainly people lot people speculating sides analyst know necessarily insight type question somebody else bet want take prices hays ok well michael hime certainly certainly got lot reasons guess take bet certainly michael heim g edwards energy analyst thank much joining us hime thank francis thanks appreciate copyright 2000 dow jones company inc rights reserved enron credit remains negative watch p says updatel 2001 11 20 17 21 new york adds additional background beginning third paragraph new york nov 20 bloomberg enron corp credit rating remain negative watch standard poor ratings company said day largest energy trader released delayed third quarter regulatory filing shares enron fell 23 percent today 7 01 bonds also tumbled amid concern company might run cash takeover dynegy inc enron said filing maintaining investment grade credit rating critical element maintaining liquidity enron wholesale business investment grade needed enron trading partners require cash collateral margin deposits company said long dynegy deal alive sound think enron investment grade credit said todd shipman analyst covers firm standard poor concentrating trading operation long active dynegy walk away enron agreed takeover dynegy financial crisis threatened bankruptcy revised third quarter earnings second time month said may make early payment 690 million note next week one ratings company moody investors service lowered enron rating one level junk putting company risk unable conduct wholesale energy trading business u equity movers final aradigm creo enron espeed ramtron 2001 11 20 17 23 new york u equity movers final aradigm creo enron espeed ramtron new york nov 20 bloomberg following list companies whose shares moved u markets tuesday nov 20 stock symbol parentheses company name aradigm corp ardm rose 1 12 27 percent 5 32 novo nordisk novob dc raise stake developer aerosol based drug delivery systems much one third study suggested aradigm insulin inhaler might effective injections applied micro circuits amcc fell 1 64 11 percent 13 81 maker chips telecommunications equipment downgraded buy strong buy g edwards sons inc analyst peter andrew creo products inc creo fell 1 71 13 percent 11 05 maker digital products graphic arts loss 7 17 share fourth quarter ended sept 30 costs staff cuts writedown goodwill excluding costs accordance generally accepted accounting principles creo lost 12 cents compared net income 56 cents year earlier dal tile international inc dtl rose 3 87 22 percent 21 47 maker tiles agreed bought mohawk industries inc mhk 1 66 billion cash stock assumed debt dal tile shareholders get 11 cash 0 2414 share mohawk stock dal tile share docucorp international inc docc rose 97 cents 24 percent 5 02 maker document automation software net income 9 cents share fiscal third quarter ended oct 31 compared loss 1 cent year earlier enron corp ene fell 2 05 23 percent 7 01 energy company acquired rival dynegy inc dyn revised third quarter earnings second time month said may pay 690 million note next week espeed inc espd rose 1 15 18 percent 7 45 electronic bond broker expects first quarterly profit fourth quarter espeed said earn 1 cent 5 cents share france telecom sa fte american depositary receipts representing one common share fell 4 65 10 percent 39 95 telecommunications company acquisition plans making investors worry company ability cut 65 billion euros 57 billion debt least 18 billion euros next two years genomica corp gnom rose 73 cents 22 percent 4 11 exelixis inc exel agreed buy biotechnology company 110 million stock hastings entertainment inc hast fell 1 85 26 percent 5 15 entertainment retailer lost 46 cents share third quarter ended oct 31 company said press release distributed pr newswire hastings forecast loss 22 cents healthsouth corp hrc rose 1 50 12 percent 14 19 operator rehabilitation hospitals raised strong buy buy wells fargo van kasper analyst andrew heyward expects shares reach 18 12 18 months lifepoint hospitals inc lpnt rose 3 40 11 percent 34 36 sg cowen analyst kemp dolliver reiterated strong buy rating stock magma design automation inc lava rose 5 59 46 percent 18 99 maker software semiconductor manufacturers sold 4 85 million shares priced 13 initial public offering raising 63 million northfield laboratories inc nfld fell 3 45 26 percent 9 80 u food drug administration asked information company oxygen carrying blood substitute polyheme northfield said statement palm inc palm fell 42 cents 11 percent 3 45 possibility hand held computer maker handspring inc hand merge unlikely time soon since tax rules limit palm ability join companies los angeles times reported proxim inc prox rose 1 65 17 percent 11 40 maker wireless network equipment raised buy neutral u bancorp piper jaffray cos analyst samuel may ramtron international corp rmtr rose 68 cents 38 percent 2 48 maker semiconductor memory devices said nec corp 6701 jp license semiconductor memory technology exchange fees royalty payments scm microsystems inc scmm gained second day rising 1 24 11 percent 12 99 maker smart card computer products working logicon inc lgn supply identification badge readers u army verisign inc vrsn fell 5 27 11 percent 41 23 manager internet addresses downgraded buy strong buy u bancorp piper jaffray cos analyst eugene munster vista bancorp inc vbnj rose 4 25 19 percent 26 25 united national bancorp unbj agreed buy banking company 151 million cash stock united national pay 37 6 million cash remainder stock calculated 1 17 shares vista share united national fell 1 39 5 7 percent 22 99 tickers ardm creo ene espd rmtr money flows difference value trades made higher price previous trade made lower price may also appear stocks inflows outflows show whether people willing pay stock rising sell stock falling less signal share price may soon change direction enron faces limits business energy traders updatel 2001 11 20 18 20 new york enron faces limits business energy traders updatel updates enron gas power trading activity third quarter last paragraph houston nov 20 bloomberg mirant corp aquila inc big energy traders fewer transactions enron corp concerns increase largest trader credit rating ability finance daily business executives said ramped trading mirant spokesman james peters expect broaden credit situation improves enron stock tumbled 79 percent since mid october dealings affiliated partnerships led earnings restatements credit rating cuts federal investigation management shakeup enron handled one quarter natural gas power transactions enron shares fell 23 percent today bonds dropped company said late yesterday may pay 9 15 billion debt due 2003 suggesting may run cash takeover rival dynegy inc completed standard poor left enron credit ratings unchanged today though remained negative watch dynegy bid enron valued 20 4 billion stock assumed debt less less aquila trading less less enron credit concerns spokesman al butkus said aquila trading arm utilicorp united inc third biggest u utility owner companies based kansas city missouri significant exposure enron reliant energy inc spokesman richard wheatley said business usual big caveat careful increase exposure reliant energy owner houston utility reliant resources inc trading arm reliant energy atlanta based mirant involved limited trading enron since early november days dynegy agreed buy enron peters said shares enron fell 2 05 7 01 today dynegy dropped 1 90 4 4 percent 41 70 reliant energy rose 5 cents 27 28 reliant resources fell 16 cents 19 four companies based houston mirant rose 10 cents 26 90 aquila rose 16 cents 19 65 utilicorp rose 48 cents 27 40 reduced level transaction activity particularly longer term transactions hurt fourth quarter earnings enron said yesterday filing u securities exchange commission enron daily gas power deliveries increased 35 percent last quarter year earlier according filing power trading surged 77 percent enron falls amid concern debt threatens dynegy bid update 7 2001 11 20 17 46 new york enron falls amid concern debt threatens dynegy bid update 7 adds enron comment extending maturity 690 million note debt starting eighth paragraph houston nov 20 bloomberg enron corp shares bonds dropped energy trader disclosed may pay 9 15 billion debt due 2003 suggesting company may run cash takeover dynegy inc completed shares enron fell 2 05 23 percent 7 01 earlier touched 6 55 lowest price decade enron 6 4 percent notes due july 2006 bid low 69 cents 1 face value offered 73 cents 13 percent traders said enron whose dealings affiliated partnerships led earnings restatements credit rating cuts federal investigation management shakeup said regulatory filing less 2 billion cash credit lines dynegy plans complete buyout october enron may ask lenders restructure payment schedules survive filing shows enron precarious financial situation said commerzbank securities analyst andre meade rates enron shares hold stay afloat dynegy deal go looks difficult enron dynegy spokespeople comment stock drop today standard poor investors service said enron credit rating remained negative watch indicating immediately downgrade company debt 690 million surprise enron near term liquidity position expected sufficient carry company completion proposed merger dynegy p said report investors concerned debt including 690 million note enron disclosed may pay next week would lead cut enron credit rating analysts said enron verbal indications maturity 690 million note extended spokeswoman karen denne said details still worked individual bank credit department reviews still need completed enron working banks restructure debt extend maturities bonds denne said filing distraction threaten merger said todd shipman director p follows enron approach basis dynegy deal good thing credit quality shipman said moody investors service issue statement enron debt today cut company credit rating lowest investment grade level nov 9 day dynegy announced would buy enron deal valued 25 billion stock assumed debt ruling came executives lehman brothers holding inc j p morgan chase co citigroup inc salomon smith barney lobbied credit rating company people familiar situation said avoiding junk junk rating would led dynegy abandon acquisition dynegy chief executive officer charles watson said would also triggered debt repayment least 3 9 billion enron said securities exchange commission filing yesterday enron shares selling almost 32 percent less value dynegy offer showing investors doubts deal completed dynegy shares fell 1 90 41 70 today become clear chances deal going 90 percent much closer fifty fifty said edward paik helps manage liberty utilities fund 1 6 million enron shares much information unknowable enron financial position said 9 15 billion debt due end third quarter 2002 dynegy buyout scheduled close enron said yesterday filing sec asset sales planned last week enron chief operating officer greg whalley said company sell assets non core businesses raise money 8 billion invested businesses including broadband telecommunications dabhol power plant india enron expects get billions sales whalley said without specific enron reported yesterday u operations 1 2 billion cash left added least 5 billion since sept 30 credit lines loans 1 5 billion investment chevrontexaco part owner dynegy short term debt enron used 1 9 billion money raised retire commercial paper short term debt gave details spent remaining 3 1 billion enron chief financial officer jeffrey mcmahon said last week company also looking get another 500 million 1 billion private investors asset sales valued 800 million expected close end year according sec filing enron spokeswoman denne comment whether could sell assets fast enough keep current debts dynegy help enron sell assets said mitchell stapley manages 3 5 billion fixed income assets including enron bonds fifth third investment advisors inc dynegy chevrontexaco corp owns 26 percent dynegy also help enron negotiate lenders said kathleen vuchetich helps manage 1 4 billion strong american utilities fund 5 percent dynegy shares never dreamt 9 15 billion would large coming due vuchetich said calls question decision schedule way first place chevrontexaco chevrontexaco second largest u oil company providing 2 5 billion cash part enron buyout provided first 1 5 billion week ago exchange investment dynegy get pipeline valued 2 billion enron purchase completed shares chevrontexaco based san francisco rose 3 62 86 53 enron yesterday reduced third quarter results 3 cents share bringing period loss 87 cents 664 million nov 8 enron lowered earnings back 1997 586 million reflect losses affiliated partnerships wrongly kept books included third quarter reduction 17 million drop enron senior unsecured debt rating bbb standard ticker ene url losing steam today stock closing 2 07 6 99 cents share nearly 10 year low investors apparently concerned potential cash crunch embattled energy firm joining us enron troubles floyd norris financial editor new york times welcome program floyd norris financial editor new york times thank romans fascinating story stock watch develop first latest drove stock 20 percent today norris well yesterday close filed report securities exchange commission people studied overnight quite surprised got worse morning disclosed 690 million debt may pay next week either come collateral easy persuade lenders renegotiate shocking debt existed known pay quickly turns according people telling analysts dynegy company dynegy inc ticker dyn url agreed buy week two ago know told apparently enron realize problem romans ok wait seems lot things wall street know going every sort revelation big blow stock watching happening many surprises confusing lot folks following norris well fact wall street surprised necessarily surprising fact enron seems surprised surprising lot turnover reinforces suspicion jeff skilling chief executive officer quit mid year perhaps treasury chief financial officer ousted within last month crisis grew may people really understood going makes wonder else might yet come romans well auditors board governing firm ken lay mean sort statesman industry running company norris well back running company suspicion lay denies says knows going suspicion know details trusted understood company overvalued probably man taking hundreds millions dollars selling stock exercising stock options selling stock suspect understand details coming back haunt thing bothering people today numbers show company burning cash amazing rate enron really given us good understanding burning cash fast raises questions whether company continue operating supposed taken dynegy next september course way stock trading obvious lot people wall street doubt deal go least doubt go announced terms tracy eichler ubs painewebber floyd question regarding shareholder lawsuits seems like validity new news sec investigation magnitude lawsuits norris news sec investigation course huge shareholder lawsuits filed enron filed current former officers company filed arthur andersen audited company accounting regulators already starting check arthur andersen used class accounting business string recent embarrassments romans right floyd norris new york times thank much joining us norris thank