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Rating:Senator Blasts Enron Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, December 05, 2001

Senator Blasts Enron

Reported by InvestmentWires Staff, 

Senator Barbara Boxer (D-CA) has stated that she believes Enron was in violation of the law when it prevented participants from divesting in company stock in their 401(k) plan. She has sent letters to the IRS and the Department of Labor urging them to investigate the company.

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For some Enron humor, visit this website from The Daily News to see an editorial cartoon.

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Deutsche Bank will be cutting approximately 1,500 positions next year following its acquisition of Zurich Scudder Investments, according to an article in The Wall Street Journal. The cut will affect 20% of the asset management arms of both institutions.

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ICMA Retirement Corporation has renamed the Vantagepoint U.S. Treasury Securities Fund the Vantagepoint US Government Securities Fund. Its benchmark will change from the Merrill Lynch 5-7 Year Treasury Index to the Lehman Brothers Intermediate Government Bond Index. 

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