NewsTrust - Enron - Most Recent Stories: News (Mainstream)

California's data challenges EPA

Fri, 04 Jan 2008 00:00:00 -0800

Christian Science Monitor - By Mark Clayton, Daniel B. Wood - Jan. 04 (News Report) - California's ambitious plan to regulate greenhouse-gas emissions of cars and trucks would be more than twice as effective in reducing such gases by 2016 than the new federal fuel-economy law...Just how effective California's plan would be is important because EPA Administrator Stephen Johnson has specifically cited the new fuel-economy law...as a more effective national approach..when rejecting the state's request for a waiver from the Clean Air Act.

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Open Secrets

Mon, 01 Jan 2007 10:38:22 -0800

New Yorker - By Malcolm Gladwell - Jan. 01 (Special Report) - The prosecutor in the Enron case told the jury to send Jeffrey Skilling to prison because Enron had hidden the truth: You're "entitled to be told what the financial condition of the company is," the prosecutor had said. But what truth was Enron hiding here? Everything Weil learned for his Enron exposé came from Enron, and when he wanted to confirm his numbers the company's executives got on a plane and sat down with him in a conference room in Dallas.

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Ken Lay, Enron founder, dead at 64

Wed, 05 Jul 2006 11:56:22 -0700

CNN - By Shaheen Pasha - Jul. 05 (News Report) - NEW YORK (CNNMoney.com) -- Enron founder Kenneth Lay died early Wednesday in Aspen, Colo., a family spokeswoman said. Lay, 64, was awaiting sentencing after being found guilty of conspiracy and fraud in the Enron trial in May. In a statement, spokeswoman Kelly Kimberly said, "The Lays have a very large family with whom they need to communicate, and out of respect for the family we will release further details at a later time." A spokeswoman for Aspen Valley Hospital confirmed that Lay arrived at the hospital at 1:41 a.m. MT and was pronounced dead at 3:11 a.m. MT. CNN affiliate KPRC in Houston said Lay was admitted to the hospital with a massive coronary. In a statement, the Pitkin County Sheriff's office said a coroner's autopsy is pending and autopsy results will be available later this week.

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Lay, Skilling convicted in Enron collapse

Thu, 25 May 2006 19:35:09 -0700

Associated Press - By Kristen Hays - May. 25 (News Report) - HOUSTON - Kenneth Lay and Jeffrey Skilling were convicted of conspiracy and fraud Thursday by a federal jury that laid blame for one of the biggest business scandals in U.S. history squarely on Enron Corp.'s two former top executives. Jurors found that the once-wealthy and powerful corporate chiefs repeatedly lied to cover up accounting tricks and business failures that led to its 2001 demise. The collapse wiped out more than $60 billion in market value, almost $2.1 billion in pension plans and 5,600 jobs. The verdict came in the sixth day of deliberations following a criminal trial that lasted nearly four months. Lay was also convicted of bank fraud and making false statements to banks in a separate, non-jury trial before U.S. District Judge Sim Lake related to Lay's personal finances.

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