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By JUAN A. LOZANO, Associated Press 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 Ken 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/juanlozano70jili golden empire 。

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( ) stock surged on Tuesday after the cybersecurity firm reported third-quarter earnings and revenue that topped consensus estimates. Revenue guidance also came in above views. Reported after the market close, Okta earnings were 67 cents per share on an adjusted basis for the quarter ending Oct. 31, up 52% from a year earlier. San Francisco-based Okta said revenue climbed 14% to $665 million. Analysts had expected Okta earnings of 58 cents on revenue of $650 million. "Results were highlighted by subscription revenue growth of 14% to $651 million vs. consensus at $635 million," RBC Capital analyst Matthew Hedberg said in a report. For the current January quarter, Okta predicted revenue growth of 10.5% to $668 million, topping estimates of $651 million. Okta Stock Jumps On Q3 Results On the , Okta stock surged more than 15% to 94.58 in extended trading. OKTA had retreated 12% in 2024 prior to the earnings report. The company's security software monitors and manages privileged accounts. Hackers often target employees or management with administrative access to company computer systems. Heading into the earnings report, Okta owned a Relative Strength Rating of 24 out of a best-possible 99, according to . Growing competition from ( ) is one issue for Okta stock.Global stocks end mostly up with DAX crossing 20,000 for 1st time

WASHINGTON , Nov. 22, 2024 /PRNewswire/ -- Bridge Defense, a defense-technology company, has made a strategic investment in Federated IT, a trusted provider of mission-critical services to the U.S. government. Founded in 2002, Federated IT has built a reputation as a trusted partner to the U.S. Intelligence Community and the Department of Defense. With expertise optimizing cloud computing, data center operations and migration, enterprise architecture, scientific research and analyses, and cybersecurity solutions, Federated IT consistently delivers technically excellent, secure, and reliable solutions that empower national security clients to achieve their objectives. "This investment represents a pivotal step in Bridge Defense's mission to create the next-generation systems integrator," said Jack Kilcoyne , co-founder of Bridge Defense. "We will combine the critical services Federated IT provides with in-house software development capabilities to build a hybrid organization capable of delivering exceptional services and developing innovative solutions that address our customers' most pressing challenges." Kyle von Bucholz , CEO of Federated IT, added: "For over 20 years, Federated IT has focused on solving our clients' most complex challenges with integrity and technical excellence. Partnering with Bridge Defense will enable us to take that commitment to the next level by leveraging cutting-edge development capabilities and delivering an even greater impact for the federal agencies we serve." About Bridge Defense Bridge Defense is focused on delivering mission-critical services and innovative software solutions to national security customers. A hybrid systems integrator, Bridge Defense combines excellence in technical services with native development capabilities to deliver comprehensive and transformative solutions to address the rapidly evolving needs of national security customers. Bridge Defense is led by a team of Special Operations veterans with deep expertise in technology and government services. The company is headquartered in the Northeast, with a growing presence in Washington, D.C. For more information, visit Bridge-Defense.com . About Federated IT Federated IT is a leading provider of mission-critical IT and cybersecurity services to the U.S. government. Federated IT enables defense, national security, and federal law enforcement clients to expand, improve, and strengthen critical IT infrastructure and mission system capabilities within the Tier Ill - IV Enterprise IT Operations and Cyber Security domains. Federated IT's project portfolio includes the customization and delivery of optimized cloud computing, data center operations and migration, enterprise architecture, scientific research and analyses, and cybersecurity solutions. Federated IT is headquartered in Washington, D.C. For more information, visit FederatedIT.com . View original content: https://www.prnewswire.com/news-releases/bridge-defense-announces-strategic-investment-in-federated-it-302314581.html SOURCE Bridge Defense

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