The General Accounting Office, the investigative arm of Congress, said today it plans to sue the White House to obtain documents relating to the energy task force headed by Vice President Dick Cheney.
Bankrupt energy giant Enron today selected Stephen Cooper, a business restructuring expert, to lead the company out of the largest corporate bankruptcy in U.S. history.
A former vice chairman of Enron was found shot to death in his car today. A coworker said J. Clifford Baxter "complained mightily" about Enron's alleged mismanaged accounting practices before he resigned in May.
The House Energy and Commerce Committee heard testimony from former employees of Arthur Andersen, Enron's former auditors, one day after Enron's Chairman and CEO quit under pressure.
Enron Chair and CEO Kenneth Lay announced he would resign, saying it was in the best interests of the company and its shareholders.
On the same day bankrupt energy giant Enron fired its accounting firm, the head of the U.S. Securities and Exchange Commission pledged to reform the regulation of the financial accounting system to prevent the abuses alleged in the Enron case.
The following is the full statement of the Chairman of the Securities and Exchange Commission proposing reforms for the accounting industry in effort to prevent another Enron disaster.
A memo written in August by a senior Enron employee warned the head of Enron that questionable accounting practices could destroy the company.
The Ford Motor Company announced today it will cut nearly 35,000 jobs and close up to seven plants worldwide in order to reverse its recent profit losses.
The Justice Department has confirmed it has opened a criminal investigation a fraud investigation of Enron Corp., nearly one month after the former energy giant collapsed in the largest bankruptcy in U.S. history.
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