enron mentions enron asks citigroup 750 mln loan people say updatel bloomberg 10 23 01 enron corp cut reduce edward jones bloomberg 10 23 01 enron cfo company sufficient liquidity dow jones news service 10 23 01 enron says shareholders best interests sought ljm dealings afx news 10 23 01 us class action suit filed enron misleading statements afx news 10 23 01 word sec probe puts enron deep dive problems mount national post 10 23 01 city sec inquiry sparks enron share fall daily telegraphm 10 23 01 shares enron plummet 21 energy sec requests information company series unusual financial deals tied executive los angeles times 10 23 01 enron asks citigroup 750 mln loan people say updatel 2001 10 23 10 11 new york enron asks citigroup 750 mln loan people say updatel adds comment cfo fastow fourth paragraph enron short term borrowing rates seventh paragraph new york oct 23 bloomberg enron corp biggest energy trader asked citigroup inc arrange 750 million loan ensuring access credit embattled company cut money markets say people familiar matter enron shares bonds plunged yesterday company said securities exchange commission probing finances houston based business whose stock fallen 75 percent year amid concerns failed investments depends 3 billion commercial paper short term debt program finance day day operations earlier month moody investors service placed 13 billion company long term debt securities watch possible downgrade second tier commercial paper borrower drop rating may cut enron commercial paper market raise costs short term debt understand credit rating critical capital markets counterparties enron chief financial officer andrew fastow said conference call today said enron 3 5 billion available bank credit lines giving enough cash operate normally enron shares rose much 12 6 percent call 23 25 pared gain 21 80 1 15 dan noonan spokesman citigroup citibank na unit declined comment mark palmer spokesman enron declined comment commercial paper rates enron paying 3 15 percent issue commercial paper oct 31 much 15 basis points companies 2 p 2 short term credit ratings credit watch enron short term debt review possible downgrade enron previously turned citigroup finance advice 1999 citigroup salomon smith barney unit advised company 1 45 billion acquisition three natural gas fired power plants cogen technologies inc citibank along j p morgan chase co year arranged 1 75 billion loan earlier week investor sued enron saying two partnerships cost company 35 million fastow leadership conflict interest sec asked enron partnerships affiliated companies headed fastow dismantling partnerships would cost enron shareholders much 3 billion ray niles salomon smith barney analyst wrote report investors enron created partnerships affiliated companies buy sell assets power plants lower debt books investors said concerned enron may forced dismantle affiliated companies paying owners cash stock chief executive ken lay said last week may unravel agreements created companies enron debt ratings fall far mark lake new york newsroom 212 893 5989 enron corp cut reduce edward jones 2001 10 23 11 42 new york princeton new jersey oct 23 bloomberg data enron corp ene us downgraded reduce accumulate analyst zach wagner edward jones michael donohue princeton new jersey 1 609 279 3756 enron cfo company sufficient liquidity christina cheddar dow jones newswires 10 23 2001 dow jones news service copyright c 2001 dow jones 201 938 5166 christina cheddar dowjones com copyright 2000 dow jones company inc rights reserved enron says shareholders best interests sought ljm dealings 10 23 2001 afx news c 2001 afp extel news ltd new york afx enron corp said sought best interests shareholders dealings ljm cayman lp ljm 2 co investment lp two partnerships set run recently enron chief financial officer andrew fastow board enron fully aware kept real chinese wall enron ljm enron shareholders best interests sought ljm dealings said enron chief executive officer kenneth lay conference call analysts company scheduled call enron stock slid 21 pct yesterday revealed securities exchange commission asked company provide information certain related party transactions overnight two class action lawsuits launched shareholders enron officers alleging operating results also materially overstated result company failing timely write value third quarter results last week 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 according wall street journal fastow resigned partnerships july due growing suspicion potential conflicts interests call lay said enron board directors highest faith confidence fastow lay also said company remained confident current liquidity position allows meet obligations confident outlook corporate rating analysts raised possibility enron credit rating stock price continue fall company may obligated issue millions new shares meet obligations entities deals ng cml information contact afx www afxnews com www afxpress com copyright 2000 dow jones company inc rights reserved us class action suit filed enron misleading statements 10 23 2001 afx news c 2001 afp extel news ltd new york afx milberg weiss bershad hynes lerach llp law firm said filed class action lawsuit yesterday enron corp alleging issued misleading statements jan 18 2000 oct 17 2001 thereby inflating company share price artificially suit filed behalf enron shareholders period pending us district court houston enron corp enron ceo kenneth lay former enron ceo jeffrey skilling resigned recently enron chief financial officer andrew fastow suit claims enron issued statements failed disclose company experiencing declining demand bandwidth efforts create trading market bandwidth failed many market participants creditworthy company operating results also materially overstated result company failing timely write value investments certain limited partnerships managed company cfo suit additionally alleges enron failing write impaired assets timely basis accordance gaap oct 16 enron announced unexpectedly taking third quarter non recurring charges 1 01 bln tax 1 11 usd per share later revealed due largely unwinding investments certain limited partnerships controlled enron chief financial officer enron also announced cutting shareholder equity 1 2 bln usd enron share price consequently fell sharply class period enron insiders disposed 73 mln usd personally held enron common stock holders enron stock class period question may request appointment lead plaintiff later dec 21 milberg weiss said yesterday enron announced securities exchange commission requested provide information regarding certain related party transactions jkm shw information contact afx www afxnews com www afxpress com copyright 2000 dow jones company inc rights reserved financial post news word sec probe puts enron deep dive problems mount david howard sinkman reuters 10 23 2001 national post national fp 2 c national post 2001 rights reserved new york shares enron corp slumped 20 yesterday said u regulators looking company transactions another blow company whose chief executive resigned august spokesman north america biggest buyer seller natural gas electricity declined discuss inquiry u securities exchange commission said cooperating sec also declined outline details inquiry investor confidence company rocked reports wall street journal relationship two limited partnerships run recently enron chief financial officer andrew fastow company also reported last week first quarterly loss four years took us 1 01 billion charges writedowns ill fated investments problems enron surfaced two months ago ceo jeff skilling resigned six months helm enron shares declined us 5 49 21 us 20 56 afternoon trade new york stock exchange yesterday shaving almost us 4 2 billion market capitalization stock biggest decliner percentage loss nyse fell much 22 8 yesterday opened lowest level since september 1998 enron declined comment whether sec inquiry certain related party transactions involved partnerships related party transactions heading used enron 1999 2000 annual reports discuss dealings limited partnerships ljm cayman lp larger ljm 2 co investment lp engaged complex hedging transactions involving company assets worth hundreds millions dollars mr fastow severed ties partnerships june ljm set june 1999 energy related investments ljm 2 december 1999 energy communication related investments journal reported us 35 million third quarter loss us 638 million connected limited partnerships curt launer analyst credit suisse first boston said investors question enron use real value accounting value certain assets notably telecommunications declined precipitously investors several opportunities question enron credibility turns share price declined launer said analysts though cautioned assuming fire might smoke inquiry investigation imagine enron attorneys accountants would allow something illegal said merrill lynch analyst donato eassey easy market kick company challenges last solid company think enron one price shares company 75 year copyright 2000 dow jones company inc rights reserved city sec inquiry sparks enron share fall simon english 10 23 2001 daily telegraph p 31 c telegraph group limited london 2001 new york enron american power giant saw shares slump fifth yesterday revealed top financial watchdog delving firms managed chief financial officer andrew fastow securities exchange commission requesting details deals company limited partnerships mr fastow links enron chairman kenneth lay said statement welcome request co operate fully look forward opportunity put concern transactions rest questions raised last week wall street company announced write 1 billion due failed investments telecoms businesses disclosure alarmed investors sent already battered shares 23 pc yesterday fell another 5 30 3 80 20 75 early trading according annual report related party transactions enron describes took place 1999 2000 resulting losses 16 36 respectively mr lay said auditors approved deals would give details understood hedging transactions enron shares assets made partnerships called ljm cayman lp ljm 2 co investment jp believe everything needed considered done connection transactions considered done added mr lay relationship investment losses sec probe clear though inquiry seems focus partnerships responsible hedging transactions enron owns teesside power station wessex water britain largest trader natural gas us investors concerned probe continued uncertainty extent problem harm company credit rating enron spokesman said mr fastow continues work suspicion sec inquiry informal says company watchdog contacted enron last wednesday day results announcement sec declined comment enron made loss 638 third quarter first four years copyright 2000 dow jones financial desk shares enron plummet 21 energy sec requests information company series unusual financial deals tied executive nancy rivera brooks times staff writer 10 23 2001 los angeles times home edition c 1 copyright 2001 times mirror company shares enron corp set 52 week low monday word securities exchange commission asked information complex series financial transactions houston based energy giant investment partnership tied company executive enron world largest energy trader said voluntarily provided information certain related party transactions previously disclosed sec welcome request said kenneth l lay enron chairman chief executive cooperate fully sec look forward opportunity put concern transactions rest said sec request latest parade bad news enron seen investments sour telecommunications retail electricity sales water investors battered company stock sold nearly 85 share last year many criticized enron stingy meting financial information several wall street analysts remain upbeat stock noting bulk businesses continue thrive despite growing economic downturn august enron chief executive jeffrey k skilling one main architects company strategy shedding physical assets search trading profit stunned wall street resigning skilling cited personal family related reasons later acknowledged precipitous plunge company stock price contributed departure monday enron shares plunged 5 40 nearly 21 close 20 65 new york stock exchange enron stock lost nearly 40 value last week since reported surprise third quarter loss 618 million 1 01 billion charges reflecting costs recent failed investments charge also included 35 million related enron described early termination third quarter certain structured finance arrangements previously disclosed entity conference call securities analysts earnings company mentioned repurchased 55 million shares part dissolution participation transactions investors stunned stories last week wall street journal detailed transactions limited partnership organized andrew fastow enron chief financial officer enron whittled 1 2 billion shareholder equity repurchased shares canceled 1 2 billion note received partnership shareholder equity stands 9 5 billion limited partnership called ljm 2 fastow reaped millions dollars profit complex hedging transactions involved enron assets stock journal reported lay said transactions reviewed auditors lawyers inside outside company company board fully informed shareholder lawsuit charging enron directors violated fiduciary duty already filed texas state court many companies set limited partnerships tax purposes unusual allow company executives run analyst say investors also upset unusually zealous way enron guarded financial information making difficult analyze company complex web businesses many confident bad news released analyst carol coale follows enron energy companies prudential securities houston downgraded enron hold buy rating monday frustration coale said getting misinformation information enron bob christensen energy analyst first albany corp said despite enron recent difficulties bulk business remains strong continue tell investors 70 company business growing 26 rate third quarter country sharp economic slowdown going said investors panicking bad news story reflect reality said jon kyle cartwright senior energy analyst raymond james copyright 2000 dow jones company inc rights reserved