
The Department of Justice announced a settlement with Merrill Lynch in its criminal investigation of the company's Enron ENRNQ dealings. Our fair value estimate remains $48 per share. The settlement has wide-ranging implications for Merrill and investment
working for Bill Gates, she worked for a variety of companies including Bristol-Myers Squibb Company, PepsiCo, Inc., Enron Corporation , pcOrder.com, Inc., and Trilogy Inc. Holmes came in with a base salary of $400K, a target bonus of $260K, and
Enron ENRNQ completed its sale of 82.5% of Northern Border's NBP general partner Wednesday afternoon to CCE Holdings, which in turn sold
or related firm TC Pipelines TCLP. Northern Border announced Friday that an agreement had been struck by the bankrupt Enron ENRNQ to sell its CrossCountry Energy subsidiary, which owns a majority of Northern Border's general partner. The new potential
recent court decision that affects directed trustees of pension-plan assets. Northern was the directed trustee for Enron's ENRNQ pension plan. Northern's role was simply to provide a platform for the pension plan to invest; the bank had absolutely no
Second, it indicates that by being tagged by the federal government to run this program, Morgan Chase has regained political grace little more than a year after Congress railed against it in extensive hearings over its Enron ENRNQ dealings.
Securities and Exchange Commission, J.P. Morgan Chase JPM and Citigroup C have put the regulatory component of their Enron ENRNQ dealings to rest, in our view. We never doubted that the firms would manage to reach an agreement that, while stiff, is
and trading revenue. While the bank did add $100 million to the litigation reserve it has established for its dealings with Enron ENRNQ , a settlement now seems likely. Management said it expects to resolve the issue in the next 90 days.
but how many investors carefully considered corporate governance issues before making the decision to buy Tyco TYC or Enron ENRNQ ? If investors fail to undergo even a cursory evaluation of management before buying, or ignore glaring red flags, it s hard
get oil from the ground. But this was not the case in the first quarter, as many energy companies, in the wake of the Enron ENRNQ debacle, were (and still are) using their cash flows to strengthen their balance sheets instead of exploring for new growth