Dynegy to Buy Enron in $7.8 Billion Stock Deal
Dynegy Inc. will acquire Enron Corp. for 7.8 billion in stock as Enron faces a steep stock decline and disclosure concerns. ChevronTexaco plans to contribute up to 2.5 billion, and the merged firm will keep the Dynegy name with Chuck Watson as chair and CEO.
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Houston
Dynegy Inc
Enron Corp
Enron
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Dynegy
ChevronTexaco
Chuck Watson
New York Stock Exchange
Watson
Kenneth L. Lay
Greg Whalley
Securities and Exchange Commission
Moody’s Investors Service
Dow posts best finish since Sept. 11 on modest gains
Wall Street rose modestly with the Dow closing up 20.48 to 9,608.00, recouping all losses since the September 11 attacks. The S&P 500 gained 1.77 to 1,120.31 and the Nasdaq added 0.71 to 1,828.48. Analysts cited cautious buying after a fast rally and Fed rate cuts this year. Boeing, HP, and oil stocks moved on company news and supply concerns.
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Christopher Wolfe
J.P Morgan
Daw
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Charles G. Crane
Victory Sbsf
Compaq
OPEC
ExxonMobil
S&p
Federal Reserve
Oil futures rally as Russia signals possible cuts
Energy futures rose on the New York Mercantile Exchange after Russia indicated several major oil firms might cut crude exports. Front month December crude jumped to 22.4 dollars a barrel before closing at 22.22, with gasoline and heating oil advancing, while natural gas fell. OPEC prepares to set new quotas after cutting output by 3.5 million bpd this year.
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New York Mercantile Exchange
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Vienna
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Dow
Bryan Piskorowski
Prudential Securities
University of Michigan
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Aleqa
Cellular
Baytown
Channelview
Plaza Research
Plaza Research Is
Decs Tv
OraPhar VslaMeds
Amonla
Astrowr Visage PratStaff Ampal Pt Silenimg
Andec
Low
Uns
KSI
Mikhail Kasyanov
Kasyanov
Interfax
Organization of Petroleum Exporting
Ena Nyse Amex Nasba
OrbitalSci
EnrLiCpi
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NZ Corp
SP Labs
Stephan
Caware
Intel
Palm
Lucent
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Biotech
Adelph
Lyondell
McOakis
Allstate
Ashland
Miersl
Motorola
Penney
Fonz Ag
Hom Tex
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PemlSys
Citarp Coca
Pizer NY
Akiakeont
DelCotr
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Enron NY
Ny A
Ethyl
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Sun Micro NASA
PAU Comp
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OTC
SS -Singl
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Hawlund Pe
Sineepet Lo Mivagtin
Otal turmiRi
Jane Pet Min
The
Baytown Sun
Jennifer Marcontell
Decker Baytown
Edward Jones
Soamee
SIPC
Investment Professionals, Inc
Carl Thayne Willems
Ie Investment Rn
Nsti OD
Nals, Inc
Stephen V
Takach
Nexander Dr
Serhales
Scott Hofferkamp
Rollinabrook
Pont Fe Gat
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