Is Enron back? If it's a joke, some former employees aren't laughing HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. Juan A. Lozano, The Associated Press Dec 3, 2024 1:28 PM Dec 3, 2024 1:35 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message FILE - An unidentified person leaves Enron Corp. headquarters in Houston at the end of the day Jan. 22, 2002. (AP Photo/Pat Sullivan, File) HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost everything in Enron’s collapse aren’t laughing. “It’s a pretty sick joke and it disparages the people that did work there. And why would you want to even bring it back up again?” said former Enron employee Diana Peters, who represented workers in the company’s bankruptcy proceedings. Here’s what to know about the history of Enron and the purported effort to bring it back. What happened at Enron? Once the nation’s seventh-largest company, Enron filed for bankruptcy protection on Dec. 2, 2001, after years of accounting tricks could no longer hide billions of dollars in debt or make failing ventures appear profitable. The energy company's collapse put more than 5,000 people out of work, wiped out more than $2 billion in employee pensions and rendered $60 billion in Enron stock worthless. Its aftershocks were felt throughout the energy sector. Twenty-four Enron executives , including former CEO Jeffrey Skilling , were eventually convicted for their roles in the fraud. Enron founder Key Lay’s convictions were vacated after he died of heart disease following his 2006 trial. Is Enron coming back? On Monday — the 23rd anniversary of the bankruptcy filing — a company representing itself as Enron announced in a news release that it was relaunching as a “company dedicated to solving the global energy crisis.” It also posted a video on social media, advertised on at least one Houston billboard and a took out a full-page ad in the Houston Chronicle In the minute-long video that was full of generic corporate jargon, the company talks about “growth” and “rebirth.” It ends with the words, “We’re back. Can we talk?” Enron's new website features a company store, where various items featuring the brand's tilted “E” logo are for sale, including a $118 hoodie. In an email, company spokesperson Will Chabot said the new Enron was not doing any interviews yet, but that "We’ll have more to share soon.” Signs point to the comeback being a joke. In the “terms of use and conditions of sale” on the company's website, it says “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.” Documents filed with the U.S. Patent and Trademark Office show that College Company, an Arkansas-based LLC, owns the Enron trademark. The co-founder of College Company is Connor Gaydos, who helped create a joke conspiracy theory that claims all birds are actually surveillance drones for the government. What do former Enron employees think of the company’s return? Peters said that since learning about the “relaunch” of Enron, she has spoken with several other former employees and they are also upset by it. She said the apparent stunt was “in poor taste.” “If it’s a joke, it’s rude, extremely rude. And I hope that they realize it and apologize to all of the Enron employees,” Peters said. Peters, who is 74 years old, said she is still working in information technology because “I lost everything in Enron, and so my Social Security doesn’t always take care of things I need done.” “Enron’s downfall taught us critical lessons about corporate ethics, accountability, and the consequences of unchecked ambition. Enron’s legacy was the employees in the trenches. Leave Enron buried,” she said. ___ Follow Juan A. Lozano on X at https://x.com/juanlozano70 Juan A. Lozano, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More The Mix Saskatchewan introduces legislative amendment to keep carbon levy off home heating Dec 3, 2024 2:31 PM Plan to add resources to border will come before Trump inauguration: LeBlanc Dec 3, 2024 2:31 PM Is Enron back? If it's a joke, some former employees aren't laughing Dec 3, 2024 2:28 PM Featured Flyer
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New disability ministers will ‘champion’ inclusion and accessibility – ministerNoneThe Gunners delivered the statement Champions League victory their manager had demanded to bounce back from a narrow defeat at Inter Milan last time out. Goals from Gabriel Martinelli, Kai Havertz, Gabriel Magalhaes, Bukayo Saka and Leandro Trossard got their continental campaign back on track, lifting them to seventh place with 10 points in the new-look 36-team table. It was Arsenal’s biggest away win in the Champions League since beating Inter by the same scoreline in 2003. “For sure, especially against opposition we played at their home who have not lost a game in 18 months – they have been in top form here – so to play with the level, the determination, the purpose and the fluidity we showed today, I am very pleased,” said Arteta. “The team played with so much courage, because they are so good. When I’m watching them live they are so good! They were all exceptional today. It was a big performance, a big win and we are really happy. “The performance was there a few times when we have played big teams. That’s the level that we have to be able to cope and you have to make it happen, and that creates belief.” A memorable victory also ended Sporting’s unbeaten start to the season, a streak of 17 wins and one draw, the vast majority of which prompted Manchester United to prise away head coach Ruben Amorim. The Gunners took the lead after only seven minutes when Martinelli tucked in Jurrien Timber’s cross, and Saka teed up Havertz for a tap-in to double the advantage. Arsenal added a third on the stroke of half-time, Gabriel charging in to head Declan Rice’s corner into the back of the net. To rub salt in the wound, the Brazilian defender mimicked Viktor Gyokeres’ hands-over-his-face goal celebration. That may have wound Sporting up as they came out after the interval meaning business, and they pulled one back after David Raya tipped Hidemasa Morita’s shot behind, with Goncalo Inacio netting at the near post from the corner. But when Martin Odegaard’s darting run into the area was halted by Ousmane Diomande’s foul, Saka tucked away the penalty. Substitute Trossard added the fifth with eight minutes remaining, heading in the rebound after Mikel Merino’s shot was saved. A miserable night for prolific Sporting striker Gyokeres was summed up when his late shot crashed back off the post.
Merseyrail trains cancelled after Storm Bert floodingpassorn santiwiriyanon/E+ via Getty Images Rezolute, Inc. ( NASDAQ: RZLT ) recently announced that it had received Orphan Drug Designation from the FDA of ersodetug for the treatment of patients with Tumor Hyperinsulinism [tHI]. This program is expected to have the phase This article is published by Terry Chrisomalis, who runs the Biotech Analysis Central pharmaceutical service on Seeking Alpha Marketplace. If you like what you read here and would like to subscribe to, I'm currently offering a two-week free trial period for subscribers to take advantage of. My service offers a deep-dive analysis of many pharmaceutical companies. The Biotech Analysis Central SA marketplace is $49 per month, but for those who sign up for the yearly plan will be able to take advantage of a 33.50% discount price of $399 per year. Terry Chrisomalis is a private investor in the Biotech sector with years of experience utilizing his Applied Science background to generate long term value from Healthcare. He is the author of the investing group Biotech Analysis Central which contains a library of 600+ Biotech investing articles, a model portfolio of 10+ small and mid-cap stocks with deep analysis for each, live chat, and a range of analysis and news reports to help Healthcare investors make informed decisions. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.GSA Capital Partners LLP cut its holdings in shares of Gravity Co., Ltd. ( NASDAQ:GRVY – Free Report ) by 23.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,201 shares of the technology company’s stock after selling 1,255 shares during the quarter. GSA Capital Partners LLP’s holdings in Gravity were worth $249,000 at the end of the most recent quarter. Several other hedge funds have also recently added to or reduced their stakes in GRVY. GAMMA Investing LLC raised its holdings in Gravity by 68.9% during the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the technology company’s stock worth $26,000 after purchasing an additional 131 shares during the last quarter. QRG Capital Management Inc. bought a new position in Gravity during the 2nd quarter worth approximately $209,000. Caprock Group LLC bought a new position in Gravity during the 2nd quarter worth approximately $394,000. Apis Capital Advisors LLC raised its holdings in Gravity by 88.9% during the 2nd quarter. Apis Capital Advisors LLC now owns 17,000 shares of the technology company’s stock worth $1,373,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Creative Planning raised its holdings in Gravity by 7.3% during the 2nd quarter. Creative Planning now owns 3,801 shares of the technology company’s stock worth $307,000 after purchasing an additional 260 shares during the last quarter. Institutional investors own 9.92% of the company’s stock. Analysts Set New Price Targets Separately, StockNews.com upgraded shares of Gravity from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Gravity Price Performance Shares of NASDAQ GRVY opened at $66.64 on Friday. The company has a 50-day moving average price of $62.63 and a 200-day moving average price of $69.89. The stock has a market capitalization of $463.15 million, a P/E ratio of 7.42 and a beta of 1.34. Gravity Co., Ltd. has a 1 year low of $57.37 and a 1 year high of $88.85. Gravity Profile ( Free Report ) Gravity Co, Ltd. develops and publishes online and mobile games worldwide. It offers a massively multiplayer online role-playing game, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnarok Landverse. Its mobile games portfolio includes Ragnarok M; Eternal Love; Ragnarok Origin; Ragnarok X: Next Generation; Ragnarok Arena; WITH ISLAND; the Labyrinth of Ragnarok; Ragnarok Poring Merge; Tera Classic; Ragnarok: The Lost Memories; Sadako M; NBA: Rise To Stardom; Milkmaid Of The Milky Way; Generation Zombie; Ragnarok Idle Adventure; Ragnarok 20 Heroes; White Chord; WITH: Whale In The High; Ragnarok Lost Memories; and Paladog Tactics. Featured Articles Want to see what other hedge funds are holding GRVY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gravity Co., Ltd. ( NASDAQ:GRVY – Free Report ). Receive News & Ratings for Gravity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gravity and related companies with MarketBeat.com's FREE daily email newsletter .
And so it begins. The next two months have the chance to be ridiculously entertaining in Tampa Bay. While they came off the bye week on a four-game losing streak, the Buccaneers have the easiest schedule in the NFL in the final seven weeks of the season. And the playoff push got off to an impressive start Sunday when the Bucs manhandled the New York Giants 30-7 at MetLife Stadium. Tampa Bay played close to error-free football while outgaining New York by more than 200 yards. Bucky Irving gained more than 150 yards from scrimmage while the defense came up with four sacks. It also was the sixth time the Bucs scored 30 points or more under new offensive coordinator Liam Coen. Game ball On a day when the defense played its most complete game of the season, it seems fitting to hand a game ball to the old man in the huddle. Lavonte David had five tackles, one pass defensed and the 31st forced fumble of his career. Since forced fumbles became an official stat in 1993, David is one of only six players to have accumulated at least 10 interceptions and 30 forced fumbles in their careers. Three of the others (Charles Woodson, Julius Peppers and Brian Dawkins) are in the Hall of Fame. Play of the day Where do we start? Baker Mayfield’s diving 10-yard touchdown run? Vita Vea as a fullback? Yaya Diaby’s fourth-down stop? Let’s go with Bucky Irving’s 56-yard run in the fourth quarter. It didn’t lead to a score, but it was still entertaining as heck. On second down from the Tampa Bay 5, Irving sprinted to the left edge and broke a tackle by Darius Muasau at the line of scrimmage, got a block from Jalen McMillan and motored up the middle of the field. Nearly 40 yards downfield, Mayfield blocked cornerback Cor’Dale Flott to spring Irving for another 18 yards. Keep an eye on It’s possible that the Giants are so bad that it’s premature to read anything into this game. But the return of Mike Evans from a hamstring injury seemed to open up the downfield passing attack for Mayfield. Evans caught five passes for 68 yards but, more importantly, he threw 18 passes to his wideouts and 12 to the running backs and tight ends. That’s a much different ratio than recent weeks when Mayfield was more focused on a short, ball-control passing attack. NFC South update Believe it or not, the Bucs can be back on top of the division by next week. Technically, they’d still be behind the Falcons because of the tiebreaker but it would still be a wild comeback for a team that just won its first game since Oct. 13. The Falcons have graciously lost two in a row and have tough games against the Chargers and Vikings coming up after a bye week. Up next Did you find it entertaining to watch the Bucs beat up on a last-place team? Good, because they have another one coming up next week. Tampa Bay travels to Carolina to take on the 3-8 Panthers. Carolina has played better in recent weeks, but the Bucs are 9-2 against their division rivals going back to 2018. ©2024 Tampa Bay Times. Visit tampabay.com . Distributed by Tribune Content Agency, LLC.
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NEW YORK , Dec. 10, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global pilates equipment market size is estimated to grow by USD 146.3 million from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of about 12% during the forecast period. For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report Report Attribute Details Base Year 2023 Forecast period 2024-2028 Historic Data for 2018 - 2022 Segments Covered Product (Pilates machines, Pilates mats, Pilates rings, Pilates balls, and Others), Distribution Channel (Offline and Online), and Geography (North America, Europe, APAC, South America, and Middle East and Africa) Key Companies Covered Balanced Body Inc., BASI Systems Pilates Sanayi Ticaret Anonim Sirketi, Bonpilates SL, CAP Barbell, Etsy Inc., Gratz Industries LLC, Mad Dogg Athletics Inc., Merrithew International Inc., Metalife, PILATES DESIGNS LLC, Pilates Scandinavia, PilatesEquip The Joint Workshop Pty Ltd., Sivan Health and Fitness, Stamina Products Inc., The Mad Group HQ Ltd, Tirado Pilates Apparatus, Trending Fit LLC, VIVA FITNESS, XtendPilates, and Zhejiang Woods Technology Co. Ltd. Regions Covered North America, Europe, APAC, South America, and Middle East and Africa Region Outlook 1. North America - North America is estimated to contribute 37%. To the growth of the global market. The Pilates Equipment Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. The Pilates equipment market in the North American region is expected to grow significantly due to the increasing number of millennials joining fitness and recreational sports centers. This trend is driven by the availability of technologically advanced Pilates equipment designed for end-users. The US, being the largest market for fitness and recreational sports centers globally, contributes significantly to the Pilates equipment market in North America . Canada , the fifth-largest contributor to the global fitness market, is also experiencing growth due to rising health consciousness, government initiatives, and the increasing rate of obesity and related diseases. These factors are encouraging more Canadians to join fitness centers and invest in Pilates equipment for their workouts. For more insights on North America's significant contribution along with the market share of rest of the regions and countries - Download a FREE Sample Segmentation Overview Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: The Pilates equipment market is experiencing notable growth, particularly in the segment for Pilates machines. Popular machines include cadillacs, reformers, pilates towers, and trapezes, with pilates chairs and other products also available. The increasing use of reformers and cadillacs in medical clinics and health clubs for therapy and injury rehabilitation is a significant market driver. Product innovations and the shift towards eco-friendly manufacturing materials are also contributing factors. For instance, BASI Systems Pilates Sanayi Ticaret Anonim Sirketi's pilates reformer features an enhanced pulley system and expanded gear system for precise control. Traditionally, pilates machines were made from amber and bamboo, but modern equipment is increasingly manufactured using nanomaterials and carbon fiber for lightweight and eco-friendly options. These factors, along with the rising demand for pilates machines in developed countries, are expected to fuel the growth of this segment in the coming years. Research Analysis The Pilates Equipment Market has witnessed significant growth in recent years due to the increasing health awareness and the need for effective solutions to address various health issues such as diabetes, obesity, and lung problems. Pilates, with its low-impact and full-body workouts, has gained popularity as a preferred choice for those seeking to improve their overall health and fitness. Pilates equipment includes various types of machines and accessories such as mats, resistance bands, Pilates balls, rings, towers, Cadillacs, Reformers, Chairs, Barrels, and Arcs. These tools help individuals perform exercises that enhance physical activity, self-care, and promote better sleep. Pilates is also beneficial for individuals dealing with sexual preference issues, alcohol, and drug addiction recovery, as it helps improve mental and emotional well-being. Pilates equipment is used not only in gyms and professional Pilates studios but also in the comfort of one's own home. The Pilates method, with its focus on proper alignment, breathing, and controlled movements, offers a holistic approach to health and wellness. Market Overview The Pilates Equipment Market is experiencing significant growth due to the increasing health awareness and the need for effective solutions to address various health issues such as diabetes, obesity, lung problems, and musculoskeletal disorders. Pilates equipment, including machines like Cadillacs, Reformers, Chairs, Barrels, Arcs, and mats, balls, rings, and towers, are popular choices for those seeking to improve their physical health and overall well-being. These devices offer numerous health advantages, making them an essential addition to fitness regimens, rehabilitation facilities, and professional Pilates studios. The market caters to diverse populations, including those with chronic conditions such as high blood pressure, respiratory issues, and cancer, as well as exercise enthusiasts looking to enhance their fitness routine. Pilates equipment is also gaining popularity in virtual fitness and at-home workout options, making it accessible to a wider audience. Smart features, novel materials, and eco-friendly collections are some of the trends shaping the Pilates Equipment Market. Moreover, Pilates equipment is not only beneficial for individuals with specific health concerns but also for those seeking to maintain a healthy lifestyle. It is an effective tool for weight loss, improving flexibility, and promoting self-care. Additionally, Pilates is a low-impact form of physical exercise, making it suitable for individuals with sexual preference preferences or those recovering from injuries. The Pilates method, which controlled movements, proper alignment, and focus on the core, is gaining popularity as an alternative to traditional forms of exercise like running and swimming. Pilates equipment offers a more personalized and interactive experience, with smart features like AI-driven training applications and interactive mirrors, providing a more engaging workout experience. In conclusion, the Pilates Equipment Market is poised for continued growth as more individuals seek effective solutions to improve their health and well-being. With a focus on smart features, novel materials, and eco-friendly collections, Pilates equipment is an excellent investment for those looking to enhance their fitness routine and maintain a healthy lifestyle. Start exploring market insights by Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/pilates-equipment-market-37-of-growth-to-originate-from-north-america-with-ai-redefining-the-market-landscape---technavio-302327540.html SOURCE Technavio
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