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Business

  • week ahead
    Today • National Association of Realtors reports existing home sales for August Wednesday • Commerce
  • Avon quits trade group over bylaws
    Avon Products is leaving the trade association it helped found more than a century ago, writing in a letter to other member companies this month that the group's bylaws might not adequately protect consumers from fraud.
  • Stockings full of bargains
    Even though it’s still summer and Christmas is more than three months away, retailers – worried by dismal second-quarter earnings and desperate to attract shoppers – are gearing up for a holiday season ­expected to
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Ex-Enron CEO Skilling gets reduced sentence

HOUSTON – Former Enron Corp. CEO Jeffrey Skilling has been resentenced to 14 years as part of a court-ordered reduction that closes one of the country’s most notorious financial scandals.

Skilling was resentenced Friday by U.S. District Judge Sim Lake in Houston.

Skilling already was in prison for his role in the once-mighty energy giant’s collapse, having been sentenced in 2006 to more than 24 years. That sentence was vacated by an appeals court.

The Justice Department also agreed to an additional sentence reduction of about 20 months as part of a deal with prosecutors to allow the distribution of about $41 million in restitution to victims of the Enron collapse.

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