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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Skeeter Bug who wrote (197358)10/14/2002 11:55:35 AM
From: BDR  Read Replies (1) of 436258
 
CFO: Corporate fraud officer.

As in:

October 8, 2002
TXU Reaffirms Strong Financial Position and Liquidity
(Company press release)

DALLAS - TXU (NYSE:TXU) reaffirmed today that it is in strong financial position and has ample liquidity, and that it knows of no fundamental reason for the way the TXU common stock traded this morning.

Published: October 14 2002 12:29 | Last Updated: October 14 2002 12:29
TXU plans European unit sale and dividend cut
By Josephine Cumbo, Financial TImes

TXU, the US energy group, on Monday put its ailing European business up for sale and slashed its quarterly dividend in an attempt to salvage its credit and liquidity positions.
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Texas Utilities (TXU) trading off about 40% this morning, down 80% from its 52 week high. That will help crater retirement accounts that held utilities as safe, staid investments.
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