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BUSINESS BRIEFS.(TO THE POINT)
ENERGY
E.On profit jumps on divestments
Germany's biggest utility said full-year earnings rose 71% to $8.8 bil, aided by proceeds from selling real-estate and gas units. Sales rose 21% to $55.6 bil. E.On forecast a fall in 2006 net income and a slight gain in operating profits. The company has offered $24.5 bil for Spanish utility Endesa, but Spain wants a domestic suitor. Shares fell 2% to 35.88.
** ATP Oil & Gas reversed a Q4 loss to earn a penny a share, beating an expected loss of 12 cents. Revenue from oil and gas exploration grew 52% to $49.9 mil. Shares rallied 8.5% to 39.56.
REGULATION
Defense grills ...
- Andrew Fastow's Wife May Find Herself in Enron Spotlight.
- Newspaper article from: Knight Ridder/Tribune Business News December 22, 2002 700+ words
...Fastow's husband, former Enron Chief Financial Officer Andrew Fastow, has been indicted on 78 counts for allegedly designing...controlled some of the money. Prosecutors have also told Andrew Fastow to expect more charges to be filed against him -- and possibly...
- Enron's Fastow Pleads Guilty, Faces Prison.(Andrew Fastow)
- Newspaper article from: The Oil Daily Haywood, Tom January 15, 2004 700+ words
...following suit. Federal prosecutors apparently believe that Andrew Fastow, the discredited former chief financial officer at bankrupt...on all of them. In another federal court, Lea Fastow, Andrew Fastow's wife and herself a former Enron executive, pled guilty...
- Lay Blames Enron Collapse on Former CFO.(Kenneth L. Lay; Andrew Fastow)
- Newspaper article from: The Oil Daily July 9, 2004 700+ words
...collapse solely on the head of former Chief Financial Officer Andrew Fastow. As chief executive of a company as large and complex as...subsequent bankruptcy. Glisan is serving a five-year sentence. Andrew Fastow's prison term will begin after his wife completes a yearlong...
- Book him.(Andrew Fastow indicted for accounting fraud)(Brief Article)
- Magazine article from: U.S. News & World Report November 11, 2002 700+ words
Ex-Enron bigwig Andrew Fastow was indicted last week on 78 counts of accounting fraud. The Justice Department says Fastow, 40, cooked the books to dupe investors...
- Michael Kopper, right-hand man to Andrew Fastow, Enron chief financial officer,...
- Magazine article from: The Economist (US) August 24, 2002 700+ words
Business Michael Kopper, right-hand man to Andrew Fastow, Enron's chief financial officer, pleaded guilty to charges of fraud and money laundering. He is the first insider to admit...
- Maybe they can play bridge together.(Andrew Fastow will serve his six-year...
- Newspaper article from: The Online Reporter November 18, 2006 700+ words
Former Enron CFO Andrew Fastow, convicted for his role in the massive fraud that bankrupted Enron, will serve his six-year sentence in a federal prison in...
- Enron's former Chief Financial Officer Andrew Fastow was sentenced to a...
- Newspaper article from: Petroleum Intelligence Weekly October 2, 2006 700+ words
Enron's former Chief Financial Officer Andrew Fastow was sentenced to a six-year federal prison term for his part in the collapse of the energy trading company. Former Chief Executive...
- Former Enron CFO Indicted on 78 Counts.(Andrew Fastow)
- Newspaper article from: The Oil Daily November 1, 2002 700+ words
Former Enron CFO Indicted on 78 Counts A federal grand jury in Houston indicted Andrew Fastow, once Enron's chief financial officer, on 78 counts of wire fraud, money laundering, conspiracy, aiding and abetting others...