London

SEC’s Pitt Expects ‘High-Profile Indictments’ Within Days

Harvey Pitt, chairman of the Securities and Exchange Commission (SEC), told London’s BBC radio in an interview Thursday that he expects “this week and the following weeks” to see “more high-profile indictments of people who abused their public trust.”

September 16, 2002

SEC’s Pitt Expects ‘High-Profile Indictments’ Within Days

Harvey Pitt, chairman of the Securities and Exchange Commission (SEC), told London’s BBC radio in an interview Thursday that he expects “this week and the following weeks” to see “more high-profile indictments of people who abused their public trust.”

September 13, 2002

BP 3Q Down 20%; Browne Still Commits to Growing Production

London-based BP Plc, considered the third largest energy company in the world, joined its peers in reporting a third quarter profit slide, the first in more than two years, with earnings down 20% because of the decline in oil and gas prices. The global giant said it also does not expect to see high returns into the fourth quarter. Earnings were $3.05 billion, or 14 cents a share, down from $3.08 billion, or 17 cents a share for the same period in 2000. BP measures its earnings on a replacement cost basis, which excludes one-time items and goodwill costs.

November 12, 2001

BP 3Q Down 20%; Browne Still Commits to Growing Production

London-based BP Plc, considered the third largest energy company in the world, joined its peers in reporting a third quarter profit slide, the first in more than two years, with earnings down 20% because of the decline in oil and gas prices. The global giant said it also does not expect to see high returns into the fourth quarter. Earnings were $3.05 billion, or 14 cents a share, down from $3.08 billion, or 17 cents a share for the same period in 2000. BP measures its earnings on a replacement cost basis, which excludes one-time items and goodwill costs.

November 7, 2001

Shell Trading Unveils All-Energy Platform

Shell Trading unveiled its mega-energy electronic tradingplatform in London this week, offering the first heavy dutycompetition for Enron Corp.’s industry-leading EnronOnline.

August 24, 2000

IPE Turns to Outside Investors, Including Enron, British Gas

The board of directors for the London-based International Petroleum Exchange urged its members last Wednesday to accept a buy-out offer from five outside investors including British Gas, Distrigas, Enron, Nord Pool and OM Group, rather than accept a proposed merger bid from the New York Mercantile Exchange. The 475 members of the IPE will vote on the sale at an extraordinary general meeting held on July 30. The board threatened to resign if the outside investor sale failed.

July 12, 1999

IPE Board Turn Its Back on NYMEX

The board of directors for the London-based InternationalPetroleum Exchange urged its members Wednesday to accept a buy-outoffer from five outside investors rather than accept a proposedmerger bid from the New York Mercantile Exchange. The 475 membersof the IPE will vote on the sale at an extraordinary generalmeeting held on July 30. The board threatened to resign if theoutside investor sale failed.

July 9, 1999
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