Today in History: November 28, Enron collapses

397913 07: A logo glows in front of the new corporate headquarters of the Houston-based energy trading firm Enron November 29, 2001 in Houston, Texas. The energy giant, which at one point handled some one-fifth of all US natural gas and electricity trade, is on the verge of bankruptcy after Dynery Inc. called off its proposed deal to buy Enron on November 28. (Photo by James Nielsen/Getty Images)

By Associated Press

UPDATED: November 28, 2024 at 1:03 AM PST

Enron Corp., once the world’s largest energy trader, collapsed after would-be rescuer Dynegy Inc. backed out of an $8.4 billion takeover deal.

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Originally Published: November 28, 2024 at 1:00 AM PST

Today in History: November 28, Enron collapses

Also on this day, Ernie Davis of Syracuse University became the first Black college football player to be named winner of the Heisman Trophy

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