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Stock Market & Financial Investment News

News Breaks
March 11, 2013
04:55 EDTAEM, AEM, DUK, DUK, PPL, PPL, SO, SO, AEP, AEP, RWEOY, RWEOYEdison Electric Institute to host a conference
International Utility Conference is being held in London on March 10-12.
News For AEM;DUK;PPL;SO;AEP;RWEOY From The Last 14 Days
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August 22, 2014
07:11 EDTRWEOYRWE division sale to Russian investor approved by Germany, Reuters says
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07:05 EDTDUKDynegy says synergy targets include cost reductions in excess of $40M per year
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07:03 EDTDUKDuke Energy to sell Midwest generation business to Dynegy
Duke Energy (DUK) announced Dynegy (DYNIQ) will buy its non-regulated Midwest Commercial Generation Business for $2.8B in cash, which includes ownership interests in 11 power plants and Duke Energy Retail Sales. The completion of the transaction is conditioned on approval from the Federal Energy Regulatory Commission, the expiration of the waiting period under the Hart-Scott Rodino Act, and the release of certain credit support obligations. Closing is expected to occur in three to six months. As a result of this announcement, in the third quarter Duke Energy will recognize an approximate $500M pre-tax reversal of the $1.4B impairment previously recognized in 2014. Use of the proceeds is being evaluated. The transaction is expected to be accretive to shareholders by 2016. The Duke Energy Ohio and Kentucky and Duke Energy Indiana regulated utilities are not a part of the transaction. The company began the process to exit its Midwest Commercial Generation Business in February 2014.
07:01 EDTDUKDynegy to acquire assets from Duke Energy and Energy Capital Partners
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August 20, 2014
16:10 EDTDUKDuke Energy continues to make progress cleaning up Ohio River oil spill
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07:10 EDTAEPAmerican Electric total return outlook compelling, says Wells Fargo
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August 19, 2014
19:08 EDTDUKDuke Energy takes responsibility of oil spill, makes progress cleaning up river
Duke Energy made progress cleaning up an overnight spill of approximately 3,000 to 5,000 gallons of fuel oil into the Ohio River at W.C. Beckjord Station, 20 miles southeast of Cincinnati, according to the company. The company will continue cleanup operations tonight and around-the-clock. The company is working closely, on-site, with the U.S. Environmental Protection Agency, U.S. Coast Guard, Ohio Environmental Protection Agency, Kentucky Department for Environmental Protection and local agencies in response to the spill. The incident occurred shortly after 11 p.m. Monday during a fuel oil transfer at the plant on the banks of the Ohio River in New Richmond, Ohio. The company Monday night and early today quickly mobilized internal and external resources to respond to the spill, including three vessels on the river that have deployed approximately 2,000 feet of oil-containment booms to contain and help collect the oil. "We're working around the clock to rapidly and fully restore the affected section of the Ohio River and coordinating closely with local officials to make sure that drinking water continues to remain safe," said Lynn Good, president and CEO of Duke Energy. "We take responsibility for the cleanup and the well being of the communities we serve."
08:57 EDTDUKDuke Energy reports fuel oil spill into Ohio River
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August 18, 2014
07:22 EDTAEPSilver Spring Network outlook has improved, says Stifel
After meeting with Silver Spring's (SSNI) management, Stifel is more upbeat on the company's positioning for additional international and domestic opportunities, and on its execution. The firm is not concerned about the impact of possible delays of the company's deployment in conjunction with American Electric (AEP). Stifel expects Silver Spring's EPS to reach 92c in 2016, and it keeps a $16 price target and Buy rating on Silver Spring.
August 13, 2014
17:36 EDTAEMAgnico-Eagle updates mineral reserves/resources for Canadian Malartic mine
Agnico Eagle Mines Limited released updated mineral reserves and resources for its 50%-owned Canadian Malartic mine. Agnico Eagle and Yamana Gold I each acquired a 50% interest in the mine as part of the joint acquisition of Osisko Mining Corporation, that was completed on June 16,. The mine is operated by the Canadian Malartic GP under a joint management committee. The mineral reserves and resources set out in this news release reflect the aggregate of Agnico Eagle and Yamana's 50% interests in the Canadian Malartic mine. Highlights on the updated Canadian Malartic mine mineral reserve and resource are as follows: Proven and probable in-pit mineral reserves are 8.9M ounces of gold based on a US$1,300 per ounce engineered pit design, a cut-off grade between 0.28 g/t and 0.35 g/t gold, and C$/US$ exchange rate of 1.10. The addition of the 5% royalty payable to Osisko Gold Royalties increased the highest cut-off grade to approximately 0.35 g/t gold from 0.33 g/t gold. This represents a decrease of about 60,000 ounces to the reserve base from previous estimates published by Osisko. A $100 per ounce decline in the gold price would reduce the reserves by approximately 3.3% or 310,000 ounces. A $100 per ounce decline in the gold price would reduce the reserves by approximately 3.3% or 310,000 ounces.
10:01 EDTSOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: CSR (CSRE) downgraded to Hold from Buy at Jefferies... Celadon Group (CGI) downgraded to Equal Weight from Overweight at Stephens... Cree (CREE) downgraded to Hold from Buy at Summit Research... Crestwood Equity (CEQP) downgraded to Underweight from Equal Weight at Barclays... Intrepid Potash (IPI) downgraded to Sell from Hold at BGC Financial... JDSU (JDSU) downgraded to Neutral from Buy at B. Riley... King Digital (KING) downgraded to Equal Weight from Overweight at Barclays... Marin Software (MRIN) downgraded to Neutral from Buy at Goldman... Mosaic (MOS) downgraded to Sell from Hold at BGC Financial... Potash (POT) downgraded to Sell from Hold at BGC Financial... Regado Biosciences (RGDO) downgraded to Market Perform from Outperform at Cowen... Southern Company (SO) downgraded to Underweight from Equal Weight at Morgan Stanley... StarTek (SRT) downgraded to Equal Weight from Overweight at First Analysis... Tuniu (TOUR) downgraded to Neutral from Outperform at Credit Suisse.
05:51 EDTSOSouthern Company downgraded to Underweight from Equal Weight at Morgan Stanley
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August 11, 2014
15:25 EDTAEPGoldman to hold a conference
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06:54 EDTAEMJefferies to hold a conference
2014 Global Industrials Conference to be held in New York on August 11-14.

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