Enron

Today marks the 15-year anniversary of one of the most infamous days in Wall Street history. On December 2, 2001, Enron officially declared bankruptcy. Only one year earlier, the company reported $111 billion in revenue. Enron began with the merger of two natural gas companies in 1985. By the...

Democratic presidential nominee Hillary Clinton is probably one of the main people responsible for Valeant Pharmaceuticals Intl Inc (NYSE: VRX)’s recent ailment – it was largely her words that spurred the 74 percent decline in the company’s sales year-to-date. In addition, a few...

The 21st century has provided the human race with a previously unthinkable amount of technology and, by extension, data, information and productivity tools. One has to ask, however, if on balance, this explosion of technology has been beneficial to the human race. Many significant developments...

Natural gas fund Cogent Energy Investment Management LLC has been shut down, according to a source intimately involved in the space. Traders Benzinga spoke with are attributing Tuesday's natural gas futures performance to the closure. The commodity responded as reports of Cogent's...

After a long week at work, there are few better ways to wind down than by holding an at-home movie marathon. However, instead of rotting your brain with the latest slapstick comedies, there is a plethora of films out there that can provide a bit of knowledge or at very least, some motivation to...

Valeant Pharmaceuticals Intl Inc (NYSE: VRX) shares are down 70 percent in the past three months as allegations of accounting fraud continue to swirl. Many companies involved in accounting fraud eventually end up bankrupt. However, some companies find ways to weather the storm in the long run....

Energy entrepreneur and founder of BP Capital T. Boone Pickens was on CNBC Thursday to discuss the outlook for natural gas prices and what will it take for Exxon Mobil Corporation (NYSE: XOM) to increase its production. Natural Gas Will See $6 "What's happened is really what we did...

Despite a continued recovery in the U.S. economy and generally strong growth of American industry last year, not all companies enjoyed a prosperous 2014. In fact, two of the ten largest bankruptcies in history happened last year. Here’s a rundown of the 10 largest bankruptcies (by assets)...

The Enron scandal in early 2001 forever changed the face of business. Enron, the once high flying energy trading company, was exposed as being little more than a slowly unraveling multi-billion dollar financial scheme. Eventually Enron cost employees and investors billions of dollars after the...

In late December 2012, hedge fund manager, Bill Ackman gave a 342 slide presentation explaining why he thought MLM company, Herbalife (NYSE: HLF), was an illegal pyramid scheme and why he had taken at least a 20 million share short position. Despite losing as much as $500 million over the past...

More than a decade removed from what was then the largest corporate bankruptcy in U.S. history, Enron is not forgotten by participants in the financial markets. Whether or not lessons were learned from the spectacular fall is up for debate, but what is not debatable is that Enron is gone but not...

Contrarian investor Jim Chanos, known for his short selling prowess, has now made it known that he is betting against one of the biggest stars of today: China Inc. Chanos and his aptly named fund, Kynikos (Greek for ‘cynic’), earned their stripes in Wall Street by foreseeing the problems of Enron,...