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/ 22 February 2006

‘He was using Enron like a damn ATM’

As a vice-president of investor relations and corporate secretary for Enron’s board, Paula Rieker viewed the energy trading giant’s inner workings as it rose to be a Wall Street darling and then imploded in scandal. Rieker on Tuesday testified how former chief executive Jeffrey Skilling ordered abrupt last-minute changes to two quarterly earnings reports in 2000 to please analysts and investors.

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/ 22 February 2006

Asian filmmakers cool on quotas to fight Hollywood

With their huge budgets and slick marketing machines, Hollywood movies have long cast a shadow over Asia, but filmmakers in the region believe creativity rather than protectionism is the key to boosting local fortunes. ”If you leave a lion and a mouse in the same place, what will be the result?” said Yang Gi-Hwan, spokesperson of the Screen Quota Action Alliance.

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/ 22 February 2006

Downs out to end five-year jinx

Tell Neil Tovey that Wednesday night’s needle Premier League title race showdown against Kaizer Chiefs at Loftus is effectively worth six points and the Mamelodi Sundowns coach proclaims in a matter-of-fact manner: ”It’s worth more than that.” ”It’s a game we simply have to win,” says the Sundowns coach.

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/ 22 February 2006

Arsenal shocks Real Madrid

Thierry Henry scored in Arsenal’s 1-0 upset win at Real Madrid in the Champions League on Tuesday, while AC Milan ended Bayern Munich’s 15-match winning streak at home with a 1-1 draw. Europe’s top club competition resumed after a two-and-a-half month break this week with the first leg of the opening knockout round.

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/ 22 February 2006

Navratilova courts maiden success in home country

Czech-born tennis legend Martina Navratilova, who swept up almost every title, everywhere during her long illustrious career will fill a big gap in May when she competes at her first professional tournament in her home country. Czech fans will have a chance to witness the popular, homegrown sporting star when she competes in a WTA doubles events in Prague from May 8-14.