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Thursday, January 24, 2002 Updated 10:54 AM
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The Chronicle 100: Houston's top businesses
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Lay quits top post at Enron
Kenneth Lay, chief executive officer of Enron Corp., announced Wednesday, that he is resigning from the top post of the bankrupt energy trading company.
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- Barlow: What do traders of the world do?
- Lay quits top post at Enron
Ken Lay resigned Wednesday as chairman and chief executive officer of Enron at the request of the committee representing the company's creditors. Lay, who will stay on the board of directors, oversaw the company's growth from a staid pipeline business into an energy powerhouse
that dealt in natural gas, electricity and other commodities.
- Entex slashes gas price 22 percent
Houston residents got good news Wednesday, thanks to the continued drop in natural gas prices. Reliant Energy Entex is reducing the average Houston residential winter natural gas bill by 22 percent.
- Despite charges, Dynegy reports record profits
Dynegy said Wednesday its fourth-quarter earnings were whittled down by special charges mostly related to its exposure to Enron and an aborted merger with it, but the full year was a record-breaker.
- Flight from Southeast seen for Kmart
Kmart Corp. will likely focus on rural and suburban areas where competition from other discount retailers is stiff, analysts say, in finding hundreds of stores to close under its massive Chapter 11 bankruptcy restructuring.
- Oil companies see tough stretch as crude, gas down
Exxon Mobil Corp., the biggest publicly traded oil company, and rival Amerada Hess Corp. said Wednesday that fourth-quarter profit fell as energy prices and refining margins tumbled. Sunoco and Kerr-McGee Corp. had losses.
- U.S. jobless claims fall in latest week
- Greenspan sees signs economy is stabilizing
- Kmart, Argentina hurt Pennzoil-Quaker State
- Disparity in salaries widens for women
- Imports to Argentina stopped, ripping supply chain
- Halliburton boasts good quarter; debt rating downgraded anyway
- Burlington ends quarter in loss after write-down
- U.S. investors get first crack at shares of Bayer
- Nokia news gives markets jump start higher
- Rule to allow mileage-based insurance premiums
- Refinery cuts help lead rally, as do lingering OPEC rumors
- Researchers progress in building molecular computer
- Treo melds phone, wireless Net in 'Star Trek' style
- Packard fires full-page rhetoric in Compaq war
- Price rising for AOL users with own Net provider
- Apple co-founder launches gadget firm
- Aker clears hurdle for Kvaerner deal
- Earnings: GlobalSantaFe Corp.
- Briefs: Houston and state
- Briefs: Nation and world
- Briefcase: Been a long time since I drove a Caddy
PR NEWSWIRE and BUSINESS WIRE
Late-breaking Texas business press releases from PR Newswire and Business Wire:
- (BW) Tanisys Technology Reports First Fiscal Quarter Results Jan 24 2002 10:34AM
- (BW) Forgent Announces Completion of VTEL Sale Jan 24 2002 10:04AM
- (BW) Healthaxis to Web-enable Information Systems for Cariten Healthcare; WebAxis Solution Builds On Healthaxis Experience With The AMISYS Managed Care Platform Jan 24 2002 9:45AM
- (BW) DG Systems` NEW DG ONLINE 5.0 Gives Ad Agencies DeskTop Control of Industry`s Largest Digital Spot Distribution Network Jan 24 2002 9:34AM
- (BW) Clear Technologies Releases Web-Based Version of the Engage CRM Application Jan 24 2002 9:34AM
- (BW) IEX Announces Competitive Upgrade Program Jan 24 2002 9:19AM
- (BW) eRealty.com Partners with MonsterDaata to Enhance Listing Information Jan 24 2002 9:04AM
- (BW) NetIQ Manages Over 1000 Windows Servers for One of Australia`s Largest Banks; ANZ Bank Completes Roll Out of NetIQ Management Software to 1,300 Servers Jan 24 2002 8:49AM
- (BW) Valence Technology to Present at the JPMorgan H&Q; Energy Technology Conference Jan 24 2002 8:15AM
- (BW) Trident Technologies, Inc. and PotashCorp Offer Training on ProMags Jan 24 2002 8:04AM
- (BW) Everest Group Names Furniss COO and Intensifies Focus on Strategy & Value Jan 24 2002 8:04AM
- (BW) Extengine Top Performer in National Diesel Emission Reduction Test Jan 24 2002 7:35AM
- (BW) Consolidated Minerals Management Engages Services of Institutional Capital Management, Inc. Jan 24 2002 7:35AM
- (BW) HOUSTON EXPLORATION REPORTS RECORD 2001 NET INCOME, PRODUCTION AND EXIT RATE, FOURTH QUARTER RESULTS AND COMPLETES ACQUISITION OF SOUTH TEXAS PROPERTIES Jan 24 2002 7:29AM
- (BW) Acing the Interview: ZERORISK Hiring System Guides Employers in Matching Candidates to Positions Jan 24 2002 7:21AM
- (BW) GRAMMY Foundation`s 2002 GRAMMY in the Schools Careers in Music Program Gets Underway Jan 24 2002 7:10AM
- (BW) A Quart of Milk, a Loaf of Bread and a Box of TurboTax; Shoppers Can Add Leading Tax Preparation Software to Their Shopping List At Safeway Stores Nationwide Jan 24 2002 7:10AM
- (BW) Cypress Q401 Results: Revenue $191.1 Million; EBG $0.11 Loss Per Share Jan 24 2002 7:10AM
- (BW) Apache Corporation to Release 4th Quarter Earnings, Webcast Conference Call; Thursday, Jan. 31, 2002, at 2 p.m. ET, 1 p.m. CT Jan 24 2002 7:10AM
- (BW) Nokia Introduces Freshly-Styled, Wireless Internet-Enabled Phone for the Stylish Set; Nokia 8265 Introduces New Cutting-Edge Design to the TDMA Market Jan 24 2002 7:04AM
- (BW) Conoco Declares 19-Cent Quarterly Dividend Jan 24 2002 6:35AM
- (BW) SBC Fourth-Quarter Diluted Earnings Per Share Increase 12.3 Percent to $0.64 Versus $0.57 a Year Ago, Before One-Time Items Jan 24 2002 6:35AM
- (BW) ILEX Oncology to Present at U.S. Bancorp Piper Jaffray Health Care Conference; Live Webcast to be Available on Thursday, Jan. 31, 2002 Jan 24 2002 6:35AM
- (BW) Hotel Industry Association HEDNA Elects New President: Roland Tanner of Pegasus Solutions` Utell; Jan 24 2002 6:35AM
- (BW) EarthLink and Compaq Reach Broadband OEM Agreement; EarthLink High Speed To Be Offered to All New U.S. Compaq Presario PC Customers Jan 24 2002 6:19AM
- (BW) DeepNines, Inc. Ready to Launch Comprehensive Internet Security Solution Jan 24 2002 6:15AM
- (BW) Alizadeh Steps Down as MGAM Director Jan 24 2002 6:04AM
- (BW) Docucorp User Conference Offers Expanded Technical, Industry Tracks Jan 24 2002 5:34AM
- (BW) GeeWhiz Appoints New VP of Sales; Charged With Accelerating Sales Growth and Business Development Jan 24 2002 4:19AM
- (BW) Jacobs Ranch Coal Mine Expands to Meet Demand for Low Sulfur Coal, in an Advisory by Industrialinfo.com Jan 24 2002 4:10AM
- (BW) Jacobs Ranch Coal Mine Expands to Meet Demand for Low Sulfur Coal, in an Advisory by Industrialinfo.com Jan 24 2002 4:10AM
- (BW) Nortel Networks Completes One of World`s Longest Optical Networks for China Telecom Jan 23 2002 9:19PM
- (BW) 724 Solutions Inc. Offers Voluntary Stock Option Exchange Program Jan 23 2002 6:34PM
- (BW) Key Energy Announces Continued Strong Performance Jan 23 2002 6:04PM
- (BW) Petris Technology Announces PetrisWINDS NOW! -- a New On-Demand ASP/VSP Applications and Web-Services Platform for the Energy Industry Jan 23 2002 5:40PM
- (BW) Waste Management`s Vice President of Recycling Elected to National Recycling Coalition`s Board of Directors Jan 23 2002 5:04PM
- (BW) AIM Announces Portfolio Manager Changes Jan 23 2002 4:55PM
- (BW) Willbros Announces Fourth Quarter 2001 Conference Call Jan 23 2002 3:45PM
- (BW) Cirrus Logic Reports 14% Ongoing Revenue Growth in Fiscal Q3; Projects Continued Revenue Growth in FQ4 and FQ1 Jan 23 2002 3:44PM
- (BW) ViewCast Extends Public Warrant Expiration Date and Reduces Exercise Price Jan 23 2002 3:35PM
- (BW) KB Home to Broadcast Investor Conference Live On kbhome.com Jan 23 2002 2:54PM
- (BW) i2 PLANET2002 Las Vegas Confirms Rudolph Giuliani as Keynote Speaker; Time Magazine`s 2001 Person of the Year Addresses Forum on Dynamic Value Chain Management Jan 23 2002 2:14PM
- (BW) Conoco Domestic Marine Operations - Continuous Improvement Jan 23 2002 2:09PM
- (BW) Newstream.com Digest: A `History` of Car Logos, Champion Skier Pursues Olympic Dream Despite Diabetes, THQ Announces `Toxic Grind` for Xbox and Nintendo Gamecube Jan 23 2002 1:59PM
- (BW) DeMarco Energy Expands into Traditional Ground Loop Geothermal Jan 23 2002 1:34PM
- (BW) Star Scientific, Inc. Issues Statement On Ariva Test Marketing, Fourth Circuit Opinion Jan 23 2002 1:15PM
- (BW) Fitch Rts $15.6MM Birdville ISD, Texas GO Sch Bds `AAA`; `AA` Und Jan 23 2002 1:14PM
- (BW) StarBand Service Now Available Through VALOR Telecom; Two-way, High-Speed Consumer Satellite Internet Leader a Key Component to Valor`s Strategy Jan 23 2002 1:04PM
- (BW) Cypress Sponsors The Stanford Open 2002 Men`s Gymnastics Meet Jan 23 2002 1:04PM
- (BW) The Meridian Resource Corporation Announces Major Exploration Expansion and Recent Operations Update Jan 23 2002 12:39PM
- (BW) Top GNC Executives Tour Houston Market to Honor Franchise Operator with Highest Sales in 2001 Jan 23 2002 12:14PM
- (BW) 1394 Trade Association Sets June 25-27 Developers` Conference; To Be Hosted at Redmond by Microsoft Corporation Jan 23 2002 12:05PM
- (BW) Group Management Corp. and UTEK Corporation Announce Strategic Alliance Agreement Jan 23 2002 12:05PM
- (BW) Alcatel and TELUS Accelerate Delivery of Broadband Access; Telco Chooses Alcatel`s DSL to Power Aggressive Expansion of High-speed Internet Access Jan 23 2002 11:55AM
- (BW) Top GNC Executives Tour Dallas Market to Present New Business Plan and Expansion Possibilities; Meeting Will Focus On New Business Strategies and Growth Jan 23 2002 11:35AM
- (BW) Alcatel Announces Qualification for Most Complete Bluetooth Solution; Alcatel Baseband Qualification Paves Way to Ad hoc Networking Capability Through Bluetooth Technology Jan 23 2002 11:29AM
PR Newswire, Business Wire and the Houston Chronicle assume no liability for the contents herein.
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