(DUK) Duke Energy Secures $200 Million in Credit
Duke Energy Corporation (DUK) and its wholly owned subsidiary, Duke Energy Carolinas, have entered into a new four-year senior unsecured revolving credit facility with regional, community and...
View Article(DUK) Duke Energy Diversifies Ownership in Subsidiary
Duke Energy Corporation (DUK) in a prudent move sold 50% stake in its subsidiary DukeNet to Alinda Capital Partners LLC for $137 million in cash. Duke Energy will continue to own the remaining 50% in...
View Article(CEG) Constellation Energy Group Joins GE Energy Financial Services And...
Baltimore-based, Constellation Energy Group Inc. (CEG) joined forces with GE Energy Financial Services, a part of General Electric (GE), Qualcomm Inc. (QCOM), Verizon Ventures, a part of Verizon...
View Article(DUK) Duke Energy / Cisco Systems Join to Manage Home Energy
Duke Energy Corporation (DUK) signed an agreement with Cisco Systems Inc. (CSCO) to develop a smart grid-enabled home energy management solution. Duke Energy plans to use the tool to help its...
View Article(AES) AES Corporation Announces $500 Million Share Buyback
Shares of power company AES Corporation (AES), shot up 11% on Wednesday after its board of directors approved a common stock buyback plan of $500 million. Under the program, AES will repurchase the...
View Article(ADM) Employment and Earnings to Share Stage – Earnings Preview
Earnings Preview 7/30/10 Earnings season will be still going strong next week. There will be 1,161 firms reporting Incorporatedluding 106 S&P 500 firms. The firms reporting are some of the biggest...
View Article(BHP) Company News Summary for August 24, 2010
• Big Lots (NYSE:BIG) reported second quarter earnings one cent better than Zacks expectations at 48 cents per share, as inline revenues climbed 5.2% to $1.14 billion • Medtronic (NYSE:MDT) posted...
View Article(IBM) International Business Machines Acquires Software Company OpenPages
International Business Machines Corp. (IBM) continued its acquisition spree, with the latest candidate being privately held software company OpenPages. Terms of the deal were not disclosed. Based in...
View Article(DUK) Duke Energy Finishes Construction of Fourth Wind Farm in Wyoming
Duke Energy Corporation(DUK) completed the construction of its fourth wind farm in Wyoming. The 200-megawatt (MW) wind farm titled Top of the World, located in Converse County will supply wind energy...
View Article(AVP) Company News for October 28, 2010 – Corporate Summary
• Visa (NYSE:V) posted inline fiscal fourth quarter results of $0.95 on revenues of $2.12 billion up from Zacks projections of $2.08 billion • Las Vegas Sands (NYSE:LVS) reported estimate-topping third...
View Article(CEG) Constellation Energy Group Offers to Sell Assets
Energy utility Constellation Energy Group Inc.(CEG) offered to dispose its interest in a Maryland nuclear power plant to its French partner Electricite de France at the bargain price of $1. However,...
View Article(DUK) Duke Energy and Alinda Capital Partners Form Joint Venture
Duke Energy Corporation (DUK) and Alinda Capital Partners LLC have formed a joint venture, as previously agreed upon, to grow DukeNet Communications LLC. Also, DukeNet announced the closure of a $150...
View Article(AMD) Company News for January 10, 2011 – Corporate Summary
• DuPont (NYSE:DD) reported plans to purchase Danish firm Danisco for $5.8 billion in cash, which is expected to cut 2011 earnings of $3.30-$3.60 by a range of $0.30-$0.45 per share • Playboy...
View Article(DUK) Duke Energy Quarterly Report Short of Estimates
Duke Energy Corporation (DUK) announced its fourth-quarter 2010 operating earnings of 21 cents per share, falling short of the Zacks Consensus Estimates marginally by 2 cents. The results were also...
View Article(CLF) Stock Market News for February 18, 2011 – Market News
Markets touched new multi year highs to end in the green after investors used lackluster economic reports as an opportunity to buy into market leaders. On a sectoral basis, share prices of energy...
View Article(FE) FirstEnergy Concludes Allegheny Energy Buy
FirstEnergy Corp. (FE) on Friday concluded its long-awaited merger deal with Allegheny Energy Inc. (AYE), thus creating one of the nation’s largest energy companies. The completion of the $4.7 billion...
View Article(DUK) Duke Energy Plans Capital Spending in the Carolinas
Duke Energy Corporation (DUK) announced that it would spend $8 billion–$9 billion in the twin states of Carolina for new capital expansion projects over the period 2011–2012. The company spent more...
View Article(DUK) Duke Energy Proposes Capping Coal Plant Costs
Duke Energy Indiana, a subsidiary of Duke Energy Corporation (DUK), filed a testimony with the Indiana state utility regulators and has proposed to limit the construction costs of its Edwardsport power...
View Article(AEP) Stock Market News for May 11, 2011 – Market News
International and domestic affairs combined to add strength to the markets at the fag-end of the earnings season. Benchmarks enjoyed their stay in the green for the third consecutive trading day,...
View Article(GOOG) Seeking Yield from Stocks Instead of Bonds – AAII Investor Update
Income-oriented investors have yet another reason to be upset with the bond markets. Junk bond yields fell to a record low a few days ago and are staying near those levels. As of Wednesday evening, the...
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