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Citigroup said it has reached settlement agreements totaling $1.66 billion with creditors of Enron, the bankrupt energy-trading company.

Everyone is looking for community. And nobody knows quite what it is. From software vendors to traditional print publishers, the talk is about building community to produce an environment that binds customers and users to the vendor and the vendor’s products more tightly. Who has the most powerful glue?

Big Four firm KPMG could be sued for professional negligence for its audits of New Century Financial and for helping the troubled mortgage company devise accounting strategies to hide the problems that led to its collapse last April, according to a report from an examiner for the bankruptcy court.

The Securities and Exchange Commission said it has settled with six former executives and employees of Riverstone Networks who had been accused of inflating revenues at the communications router maker after they agreed to pay penalties and fines.

The Internal Revenue Service plans to open up hundreds of locations on Saturday, March 29, to provide advice to people who are eligible to receive an economic stimulus payment but who normally do not file tax returns.

Spammers have begun sending e-mail messages purporting to come from TurboTax customer support encouraging recipients to download an updated version of the software from a fake Web site.

An appeals court judge has affirmed that KPMG should not be held liable for malpractice under Illinois law after one of its audit clients acquired a dot-com company and subsequently went bankrupt.

McGladrey & Pullen has been sued for $550 million by a bankruptcy trustee for Sentinel Management Group.

Grant Thornton said it is seeing signs of an improvement in business confidence, based on the results of a quarterly survey it has been conducting with BusinessWeek.

The Internal Revenue Service has come out with its annual list of tax scams for this season, and it contains some alarming items.