Enron Goes From Boom To Bust
Enron In UK Fires 1,100 Workers
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Chapter 11
Many experts predict Chapter 11 bankruptcy is the only option left for Enron.Some analysts said that Chapter 11 could buy Enron officials some time to find out what the company is really worth.However, bankruptcy may not be enough. Other experts believe Enron may have fallen too far.The company could file as early as next week.Congress Investigates
Whether or not Enron files for bankruptcy, it faces a lengthy congressional investigation.Congressional leaders announced that they are planning to take a close look at Enron's accounting practices, as well as the impact of the company's fall on the electricity and natural gas markets.But Congressman Gene Green said that he's more concerned about Enron employees."My concern is not so much for the upper executives of Enron because they all have a golden parachute," Green said.The SEC is also investing Enron, and federal officials in Texas and New York plan to join the investigation.Enron In UK
Enron Corp. in the United Kingdom announced Friday that they fired 1,100 employees.The firings were part of a plan to find financing for the largest U.S. bankruptcy reorganization that could be days away.Enron stock closed Friday down another 10 cents at 26 cents a share.- November 30, 2001: Enron Teeters On Brink Of Bankruptcy
- November 30, 2001: What's Next For Enron?
- November 29, 2001: Dynegy Backs Out Of Enron Deal
- November 22, 2001: Enron Employees File Lawsuit
- November 22, 2001: Enron-Dynegy Merger Could Be In Jeopardy
- November 20, 2001: Enron Restates Third-Quarter Earnings
- November 8, 2001: Report: Dynegy Close To Buying Enron
- November 1, 2001: SEC Investigates Enron
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