Results tagged “enronnorthamerica”

Good morning, Houston! Are you a fan of Texas wildflowers? Good news, then: Thanks to a rainy winter, wildflowers are blooming across Central Texas and in parts of North and East Texas. If you're planning a flower-spottin' trip, check out the latest reports of wildflower hotspots — and remember, though it's really not illegal to pick bluebonnets, TxDOT recommends that you refrain from driving into them. Dang. >> Katrina fraud galore: The AP reports... more ›

As prosecutors head into the home stretch of their portion of the Ken Lay/Jeff Skilling trial, they're counting on at least one star witness: Ben Glisan Jr., former Enron treasurer. Glisan worked closely with ex-Enron CFO Andy Fastow to form the side deals that both men have said were used to hide Enron's debt and artifically inflate earnings. Though jurors have already heard a good deal of testimony about that, prosecutors hope Glisan will be... more ›

A former high-level Enron executive gave testimony yesterday that may be the most damaging yet to ex-Enron CEO Jeff Skilling, saying the company used monetary reserves to smooth gains and losses and pretended it wasn't a successful energy trader when it actually was. David Delainey, former CEO of Enron's retail division and its North American trading unit, began his testimony yesterday in the trial of Skilling and ex-Enron Chairman Ken Lay. Delainey became CEO of... more ›