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BUSINESS BRIEFS.(TO THE POINT)
RETAIL
Wendy's to buy Mexican chain
It's buying Fresh Enterprises, owner of the Baja Fresh Mexican Grill chain, for $275 mil. Wendy's said the deal would cut profit by 2-4 cents a share in '02 and '03 but add to earnings by the same amount in '04. Wendy's reaffirmed its profit guidance for '02 of $1.85-$1.90. Wendy's rose 1.97, or 5.5%, to 37.97.
Lowe's still backs Q2 profit views of 53-54 cents and $1.66 to $1.69 for '02. The home improvement chain raised targets May 20.
ACCOUNTING
Order irked Andersen adviser
An in-house adviser for the auditor was "bothered" by lawyer Nancy Temple's instruction last year that he destroy old drafts of memos noting disputes over whether Andersen should OK some problematic Enron accounting. He wanted to keep all the memos leading to resolution of how to deal with several financial statements.
- Andersen argues shredding was routine.
- News wire article from: United Press International June 5, 2002 700+ words
...going to investigate the troubled Houston energy trading company. Buell said Nancy Temple, an in-house Andersen attorney, coordinated...they wanted him to do during the trial. "Nancy Temple has been wronged, personally, legally...
- Sempra Energy Trading Establishes Operations in Spain.
- Press release article from: Business Wire September 7, 2000 700+ words
...BUSINESS WIRE)--Sept. 7, 2000 Sempra Energy Trading, the wholesale energy trading subsidiary of Sempra Energy (NYSE: SRE...name Sempra Energy Europe Espana. Sempra Energy Trading established operations in Spain to take...
- New Report Assesses the Opportunities Posed by the Boom in Online Energy...
- Press release article from: Business Wire May 11, 2007 700+ words
...the addition of Business to Business Energy Trading to their offering. The energy community...fact lose money. This boom in online energy trading has provided a golden opportunity for...s report on Business to Business Energy Trading explores all the facets of this fast...
- Sempra Energy Trading Relocates Corporate Headquarters.
- Press release article from: Business Wire March 16, 1999 700+ words
...BUSINESS WIRE)--March 16, 1999--Sempra Energy Trading, the wholesale energy trading subsidiary of Sempra Energy (NYSE:SRE...space is nearly double the size of Sempra Energy Trading's former offices in Greenwich, Conn...
- Sempra Energy Trading Relocates Two Synthetic Fuel Facilities to Kinder Morgan...
- Press release article from: Business Wire October 23, 2000 700+ words
...BUSINESS WIRE)--Oct. 23, 2000 Sempra Energy Trading, the wholesale energy trading subsidiary of Sempra Energy (NYSE:SRE...Va. Under the agreement between Sempra Energy Trading and Kinder Morgan Bulk Terminals, Inc...
- PG&E Energy Trading Appoints Vice President of U.S. Gas Trading Operations.
- Press release article from: Business Wire September 1, 1999 700+ words
...Sept. 1, 1999-- PG&E Energy Trading - Gas Corporation (PG&E Energy Trading), a subsidiary of PG&E Corporation...and operations of all of PG&E Energy Trading's U.S. gas trading. Prior to joining...
- PG&E Energy Trading Appoints Vice President, Gas Trading, East Region.
- Press release article from: Business Wire April 7, 1999 700+ words
...April 7, 1999--PG&E Energy Trading -- Gas Corporation (PG&E Energy Trading), a subsidiary of PG&E Corporation...Gulf Coast. Norman joins PG&E Energy Trading from Amoco Energy Trading where her...
- Hess Energy Trading Co. Licenses Triple Point's TEMPEST 2000 Energy Trading...
- Press release article from: Business Wire June 18, 1997 700+ words
...signing of a contract with Hess Energy Trading Company LLC (HETCO) for TEMPEST 2000, its integrated energy trading software. The contract provides...and back-offices to manage its energy trading positions in crude oil, refined...