The Texas jury in its seventh day of deliberating Arthur Andersen LLP’s obstruction of justice trial has said that it is deadlocked.

Arthur Andersen LLP announced plans to lay off 7,000 employees yesterday, and analysts said that if it survives the Enron scandal, it will be as a shadow of its former self.

Nine investment banks financed lucrative schemes that helped Enron, the failed US energy giant, appear to be a profit powerhouse up to its collapse, said lawyers who plan to add the banks to a shareholder lawsuit today.

Arthur Andersen chief executive Joseph Berardino has resigned.

Arthur Andersen LLP's Canadian division says it is in merger talks with accounting firm KPMG LLP.

Arthur Andersen, damaged by its connections to bankrupt client Enron Corp, is talking with Big Five accounting firm Deloitte & Touche Tohmatsu about selling some or all of its operations, according to reports.

Former Enron chief executive Jeffrey Skilling will face questioning before Congress with other Enron officials whose versions of events conflict with his.

Two members of US President George W Bush’s Cabinet said they never considered intervening in Enron’s spiral toward bankruptcy, nor did they inform the president of requests for help from the fallen energy giant.

The US Justice Department has opened a criminal investigation into Enron Corporation, whose employees lost billions when the company barred them from selling plummeting Enron shares from their retirement accounts.

Beleaguered energy company Enron has filed for Chapter 11 bankruptcy protection in the US, the firm said.