Senate panel to probe Enron collapse and ties to Bush era policy
A Senate committee will subpoena Enron board members, auditors and managers as part of a probe into the sudden collapse and investor protection gaps. Senator Lieberman said the inquiry will seek the truth, not a witch hunt, and may examine Enron ties to the Bush administration. First hearing set for Jan. 24 focusing on why regulators failed to flag warnings.
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Washington
Senate
Enron
Joseph Lieberman
Dconn
Lieberman
Kenneth Lay
Lay
Congress
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Federal Energy Regulatory Commission
Enron Corp
Levin
Arthur Andersen LLP
Arthur Andersen
Anderson
Joseph Berardino
Andersen
Deloitte & Touche
House
Enron executives tied to partnerships eyed in collapse
Documents indicate top Enron officials including Andrew Fastow and Jeff Skilling helped create and oversee partnerships used to keep debts off books, fueling growth and later helping trigger bankruptcy. The Wall Street Journal cites internal minutes and notes SEC probes, investor losses, and Congressional inquiries.
MENTIONED IN THIS ARTICLE
Enron
Andrew Fastow
Jeff Skilling
the Journal
Securities and Exchange Commission
Fastow
The
Wall Street Journal
Hackers Find Hole in AOL Instant Messenger
An international hacker team led by a 19 year old Utah student exploited a buffer overflow in AOL Instant Messenger to gain control of victims’ computers. AOL confirmed the flaw and planned a rapid fix within a day or two, noting Windows users are at risk while Mac and other platforms are not. The group, called w00w00, has 30 members across 14 states and nine other countries and urged users to restrict messages to friends until patch deployment.
MENTIONED IN THIS ARTICLE
Utah
AOL
Andrew Weinstein
America
Microsoft
Matt Conover
Conover
Untested security measures amid evolving cyber risks
The discussion touches on limits of buddy lists to deter random attacks, noting that even that defense may fail if an attack code is embedded in a virus. Conover weighs the effectiveness of safeguards against adaptive malware threats and emphasizes the need for layered security strategies.
MENTIONED IN THIS ARTICLE
Conover
Kmart Stock Drops After Downgrade To Sell
DETROIT AP Shares of Kmart Corp tumbled over 13 percent after an analyst downgraded the stock to sell citing weak fourth quarter sales and a precarious cash position. Prudential warned bankruptcy possible within six months if trends do not improve, while Kmart disputed the concerns and said it has funds and credit lines to support strategies.
MENTIONED IN THIS ARTICLE
Detroit
Kmart Corp
Prudential Securities Inc
Troy
Kmart
Jack Ferry
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