Newspaper article The Florida Times Union

Morning Briefing

Newspaper article The Florida Times Union

Morning Briefing

Article excerpt

DEVELOPERS STILL EYEING JACKSONVILLE FOR PROJECT

A meeting is still in the works between former NBA star Earvin "Magic" Johnson's development company and the city.

Jeffrey Walden, senior vice president with the Beverly Hills, Calif.-based Canyon-Johnson Urban Fund, had planned to make a trip to Jacksonville in mid-October to discuss development opportunities. However, Walden said he got caught up working on existing deals in places like Miami, Chicago and Atlanta, and couldn't make the trip. However, he said that he still wants to come to Jacksonville, and hopes to do it before the end of the year.

"Jacksonville is on our radar screen, Jacksonville is a priority," Walden said.

In 2000, the firm, which specializes in building in urban areas, had proposed building a shopping and entertainment center on the Northside that included a $8.5 million movie theater. It fell through in the spring of 2001.

NATION

ENRON CORP. TAKING BIDS ON SOLVENT ASSETS

A year after careening into what in 2001 was the largest bankruptcy in history, Enron Corp. could be on the verge of selling off its 12 most valuable assets and disappearing from the corporate landscape.

That is, if creditors agree liquidation is their best shot at recouping as much as possible from the company, whose failure was a precursor to a string of business scandals in 2002.

Enron is taking bids on the non-bankrupt assets that have generated most of its income for the past year, including Portland General Electric, the Portland, Ore., utility acquired in 1997 that serves 740,000 customers in the Pacific Northwest, and Enron's whole or part ownership in three pipelines.

TYSON FOODS EMPLOYEES NAMED IN SEC INQUIRY

Tyson Foods Inc. says three employees of a subsidiary at the heart of a dispute over its acquisition of IBP Inc. …

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