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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Dec 01, 2002
Page
30
November auto sales show a modest rebound from October's weakness, with JD Power projecting an annualized 15.7 million vehicles sold. Dealers credit improved consumer confidence and higher incentives, following a slower start and a late-month push.
A year after Enron filed for Chapter 11 the company moves to auction its 12 most valuable assets including Portland General Electric and partial stakes in three pipelines. Creditors may approve liquidation or a new combined entity as bids come in by December with court review planned for January. Industry and legal experts weigh whether assets fetch enough to maximize recovery while workers rebuild after mass layoffs. Laurie Evans found new work with an energy marketer after losing retirement savings.
In St Paul based Conseco Finance Corp faces a mounting risk of bankruptcy as cash flow deteriorates and nearly 19 000 repossessed mobile homes linger. Lehman Brothers and U S Bank weigh actions while buyers weigh options amid declined collateral value and a stalled lending era.
In San Jose a jury will hear the first criminal case under the Digital Millennium Copyright Act from a four year old dispute. ElcomSoft, Moscow based, is accused of illegal software sales enabling copying and distribution of Adobe protected e books. Dmitry Sklyarov testified under a deal. the case tests the law's breadth and constitutional issue.
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