Enron gets go ahead to sell pipes
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Failed US energy giant Enron is given permission by a federal judge to sell off its last remaining asset - its natural gas pipelines.
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Energy group BP said on Friday that it had agreed to sell its stakes in a Siberian gas field and company to Russian gas giant Gazprom for up to 900 million dollars.
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HOUSTON -- The darker side of Wall Street could come to light Monday as the criminal trial involving former Enron executives takes a look at the inner workings of the Wall Street investment banking business.
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Defendants on trial in the first Enron  Corp. criminal case may seek to call former Enron Corp.  ENRNQ.PK financial mastermind Andrew Fastow as a witness to  aid their defense, according to documents submitted by defense  lawyers on Friday.
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The company may be hinting at going public.
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Merrill Lynch &amp; Co. drafted a letter in mid-June 2000 instructing Enron Corp. to wire $7.5 million to a specified account by the end of that month to buy out the brokerage&#39;s $7 million investment in three barges.
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The home improvement giant said it's considering selling its wholesale supply business.
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HOUSTON, Oct. 7 -- The government prepared Thursday to rest its fraud and conspiracy case against four former Merrill Lynch & Co. executives and two former mid-level Enron Corp. executives, following testimony from a key Enron executive that a barge sale was a sham designed to inflate profits.
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Lehman Brothers Holdings Inc. confirmed it is in settlement talks with Enron Corp. shareholders relating to a class-action lawsuit filed in 2002 against several major brokerage firms, according to news reports.
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Russian tax authorities yesterday scheduled the equivalent of a fire sale at what was once the nation&#39;s largest oil company, offering the main production facility at Yukos Oil
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Exelon Corp. and Public Service Enterprise Group Inc. plan to sell some power plants and nuclear power capacity to get regulatory approval of the companies' proposed merger, officials from the utilities said Friday.
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Enron Corp  said on Friday it reached agreement with FleetBoston Financial Corp. and Fleet National Bank  to settle litigation linked to the former energy trader's dramatic collapse five years ago.
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Enron Corp. former Chief Financial  Officer Andrew Fastow helped cook up a bogus deal with Merrill  Lynch to sell and buy back Nigerian power barges to inflate  Enron's earnings and make himself look good to his bosses, a  former top Fastow aide said on Monday.
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Enron Corp. will pay $321 million from  the proceeds of its sale of its pipeline arm to fund pension  plans for thousands of former employees, a government pension  agency said on Monday.
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Enron Corp. (ENRNQ.PK: Quote, Profile, Research) begins the last major leg of its 2-1/2 year trip through bankruptcy on Wednesday when it kicks off an auction to sell its US gas pipelines, the company said.
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HOUSTONâMerrill Lynch &amp; Co. drafted a letter in mid-June, 2000, instructing Enron Corp. to wire $7.5 million (US) to a specified account by the end of that month to buy out the brokerage&#39;s $7 million investment in three barges.
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Six former Enron Corp. and Merrill Lynch &amp; Co. executives were accused yesterday of disguising a $7 million loan as a sale of energy-producing barges to &quot;help Enron out of a jam&quot; and artificially increase its revenue.