Judge approves Enron employee payments\nHOUSTON -- A Manhattan bankruptcy judge Monday authorized the committee representing Enron Corp. employees to collect some of an estimated $53 million in accelerated deferred compensation payments set aside for certain executives on the eve of the company's bankruptcy filing, lawyers said.\nNew York U.S. Bankruptcy Court Judge Arthur Gonzalez approved a settlement reached by Enron's current management, the unsecured creditors' committee and the employee committee over the issue, according to lawyers for the employees.
Motorola stock rises as CEO steps down\nCHICAGO -- Wall Street cheered the end of Christopher Galvin's disappointing tenure as chairman and CEO of Motorola Inc., elevating the stock Monday to its highest level in more than a year amid a raft of upgrades.\nEven before a successor is named, analysts forecast the sell-off of one or more of Motorola's struggling business lines and other restructuring moves they said are needed to reinvigorate the lumbering wireless giant.\nShareholders signaled their eagerness for change by driving up the stock 97 cents, or 9 percent, to $12.06 -- its highest closing price since Sept. 11, 2002. Industry experts were divided on whether the cell-phone and semiconductor maker is likelier to go outside for its next leader or promote its highly regarded president and chief operating officer, Mike Zafirovski. who is untested as a CEO.
