Key Energy seeks debt waivers amid misappropriation probes
Key Energy faces debt waivers as regulators probe alleged misappropriation of funds and diversion of assets. Analysts note earnings restatements attract SEC scrutiny, while Key wins until September 30 to deliver 2003 audit and early 2004 quarterly statements. Key reports over 1.5 billion in assets and a stock around 10.90, with management signaling noncash writedowns if earnings change.
MENTIONED IN THIS ARTICLE
SEC
Friedman
Ramsey
Robert MacKenzie
Odessa American
Key
Dick Alario
Alaric
Alario Saids Coms
New York Stock Exchange
Oil prices surge after report release
Oil and gasoline futures jumped over 3 percent after a report suggested tighter supplies. May crude rose to 36.15 per barrel on the NYME while May gasoline gained to 1.113 per gallon. Energy traders were surprised by the data and analysts noted seasonal inventory expectations.
MENTIONED IN THIS ARTICLE
Washington
New York Mercantile Exchange
Ed Lilliere
Critics Clash Over Offshoring Jobs and Public Funds
Critics warn that shifting lucrative technology and white collar work to India and China could shrink tax revenues and worsen state budgets and social programs. Proponents say competitiveness and policy changes, not bans, are needed to curb offshore hiring while maintaining growth.
MENTIONED IN THIS ARTICLE
San Jose
Calif
U.S
India
China
Forrester Research
John McGowan
Saint Louis University
Wall Street
Thia Kroll
Rsity Kfornley
Silicon Valley
Kroll
John Kerry
Altman
Bush
N. Gregory Mankiw
President's Council of Economic Advisers
Treasury
John Snow
Steve Schmidt
Kerry
Stocks Dip Amid Weak Profit News and Low Volume
Stocks slide on Alcoa disappointment and Seagate warning as Passover holidays reduce volume. Dow falls about 0.9 percent to 10,480 while S&P and Nasdaq dip. Nokia’s weak outlook drags prices, though analysts still see long-term earnings gains and a market recovery ahead. Investors weigh rising rates and Iraq tensions as outcomes loom.
MENTIONED IN THIS ARTICLE
Alcoa Inc
Seagate Technology
Iraq
Alcoa
Steven Goldman
Weeden & Co
Greenwich
Conn
Standard & Poor
S&p
Nokia
Plains buys Link Energy assets in Permian Basin probe
Plains All American Pipeline completed a 273 million cash purchase plus 49 million assumed debt for Link Energy's North American crude oil and pipeline assets on April 1. Complaints from industry entities prompted Texas Attorney General to investigate competition impacts in the Permian, according to an SEC filing. The assets include about 7,000 miles of pipeline and gathering systems and over 10 million barrels of storage.
MENTIONED IN THIS ARTICLE
Washington
Dow Jones/AP
Attoreny General of Texas
Plains All American Pipeline LP
of Link Energy LLC
North American
Permian
Securities and Exchange Commission
Plains All American
Link
Attorney General’s
Also Mentioned on This Page
Key Energy
Sonn Sigg
Odessa
Jbs Parkway
University
Roger Altman
T Publishing and Casting
C.olehaan
Arielle
C. Isabel Thong
Dillard's
Visa
Mastercard
American Express
Discover
Diners Club
Music City Mall
Plains’ Buy
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