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Toys Market in Europe to Grow by USD 9.27 Billion (2024-2028), Driven by Premiumization and AI-Influenced Market Trends - TechnavioMarvell Technology, Inc. Reports Third Quarter of Fiscal Year 2025 Financial ResultsBy 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. 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. 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. 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

Robbery victims have reported being as police search for a man responsible for the alleged attacks. or signup to continue reading Police believe one man is behind an attempted mugging at an inner-city Melbourne pub and a store robbery on the outskirts of town. The attacks were one day apart, police said. Witnesses to the attacks, or anyone with CCTV or dashcam footage, have been urged to contact Crime Stoppers. A 33-year-old man from Werribee was withdrawing cash from an ATM at a pub in Southbank, Melbourne on November 30 when the unknown offender approached. He allegedly attempted to snatch the cash from the victim's hand but was unsuccessful. The unknown man then tried to hit the man with an axe but missed, police said. The victim was not injured and the unknown man allegedly fled on foot. Police believe the same man robbed a store on Heaths Road in Hoppers Crossing, in Melbourne's southwest, at 11.20am on December 1. A staff member offered to help the unknown offender before he allegedly pulled out a hammer and threatened the worker. The thief stole items from the store and fled, police said. The 47-year-old staff member was not physically injured. Investigators have described the wanted man as Caucasian, aged in his 30s with a medium build and a short dark beard. He was wearing a black 'Post Modern' jacket with a light blue shirt and dark tie. He was also wearing light blue jeans, a black baseball cap, black shoes and a black bum bag. He also had a dark canvas shopping trolley. Anna Houlahan reports on crime and social issues affecting regional and remote Australia in her role as national crime reporter at Australian Community Media (ACM). She was ACM’s Trainee of the Year in 2023 and, aside from reporting on crime, has travelled the country as a journalist for Explore Travel Magazine. Reach out with news or updates to anna.houlahan@austcommunitymedia.com.au Anna Houlahan reports on crime and social issues affecting regional and remote Australia in her role as national crime reporter at Australian Community Media (ACM). She was ACM’s Trainee of the Year in 2023 and, aside from reporting on crime, has travelled the country as a journalist for Explore Travel Magazine. Reach out with news or updates to anna.houlahan@austcommunitymedia.com.au Advertisement Sign up for our newsletter to stay up to date. We care about the protection of your data. Read our . AdvertisementStock market today: Wall Street slips at the end of a bumpy week

OpenAI to partner with military defense tech companyNEW YORK (AP) — Stocks slipped in afternoon trading Friday as Wall Street closes out a rare bumpy week. The S&P 500 fell 0.2%, and is on track for a loss for the week after three straight weekly gains. The Dow Jones Industrial Average fell 81 points, or 0.2% to 43,833 as of 12:56 p.m. Eastern time. The Nasdaq fell 0.3% and is hovering around its record. Broadcom surged 20.2% after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. The company also raised its dividend. The company's big gain helped cushion the market's broader fall. Pricey stock values for technology companies like Broadcom give the sector more weight in pushing the market higher or lower. Artificial intelligence technology has been a focal point for the technology sector and the overall stock market over the last year. Tech companies, and Wall Street, expect demand for AI to continue driving growth for semiconductor and other technology companies. Furniture and housewares company RH, formerly known as Restoration Hardware, surged 14.3% after raising its forecast for revenue growth for the year. Wall Street's rally stalled this week amid mixed economic reports and ahead of the Federal Reserve's last meeting of the year. The central bank will meet next week and is widely expected to cut interest rates for a third time since September. Expectations of a series of rate cuts has driven the S&P 500 to 57 all-time highs so far this year . The Fed has been lowering its benchmark interest rate following an aggressive rate hiking policy that was meant to tame inflation. It raised rates from near-zero in early 2022 to a two-decade high by the middle of 2023. Inflation eased under pressure from higher interest rates, nearly to the central bank's 2% target. The economy, including consumer spending and employment, held strong despite the squeeze from inflation and high borrowing costs. A slowing job market, though, has helped push a long-awaited reversal of the Fed's policy. Inflation rates have been warming up slightly over the last few months. A report on consumer prices this week showed an increase to 2.7% in November from 2.6% in October. The Fed's preferred measure of inflation, the personal consumption expenditures index, will be released next week. Wall Street expects it to show a 2.5% rise in November, up from 2.3% in October. The economy, though, remains solid heading into 2025 as consumers continue spending and employment remains healthy, said Gregory Daco, chief economist at EY. “Still, the outlook is clouded by unusually high uncertainty surrounding regulatory, immigration, trade and tax policy,” he said. Treasury yields edged higher. The yield on the 10-year Treasury rose to 4.39% from 4.34% late Thursday. European markets slipped. Britain's FTSE 100 fell 0.1%. Britain’s economy unexpectedly shrank by 0.1% month-on-month in October, following a 0.1% decline in September, according to data from the Office for National Statistics. Asian markets closed mostly lower.