Economy

Follow PBS NewsHour’s complete coverage of the Economy, Wall Street and other financial stories.

Former Enron Corp. executive Michael J. Kopper pleaded guilty Wednesday to financial misconduct and agreed to turn over $12 million of illegally obtained assets in the first federal criminal charges brought against a former Enron official.

Terence Smith discusses former Enron financial executive Michael Kopper's guilty plea with Kurt Eichenwald from The New York Times and Robert Mintz, a former assistant U.S. attorney.

Troubled French media powerhouse Vivendi Universal on Wednesday reported a net loss of $12.1 billion for the first half of the year and announced plans to sell $9.8 billion in assets, including U.S. publisher Houghton Mifflin.