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Companies team for technologies
HOUSTON, Dec. 24 (UPI) -- Former Enron chief accountant Richard Causey is in plea negotiations with prosecutors in the most complex corporate fraud investigation in U.S. history.
Lawyers for Causey, 45, and the Justice Department's Enron Task Force have not agreed to specific terms of a plea deal, including what charge he might plead guilty to and a potential prison sentence, sources told The Washington Post.
However, his testimony could help the government substantially streamline its fraud case against former chairman Kenneth Lay and CEO Jeffrey Skilling. The three men are scheduled to stand trial in Houston on Jan. 17, and could face decades behind bars if they are convicted on fraud and conspiracy counts.
Fifteen former corporate executives already have agreed to plead guilty and help federal prosecutors, including investor-relations personnel and other officials with accounting and deal-making expertise.
Enron's December 2001 bankruptcy cost investors billions of dollars and sent the stock markets reeling.
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WASHINGTON, May 23 (UPI) --
The planned Keystone XL oil pipeline would move oil away from refineries that produce gasoline, increasing prices, the National Resource Defense Council says.
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ORLANDO, Fla., May 23 (UPI) --
A new labor agreement between Lockheed Martin and workers at three company facilities has been ratified and is now in effect.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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