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Stock Market & Financial Investment News

News For SO;DUK;ED;D From The Last 14 Days
Check below for free stories on SO;DUK;ED;D the last two weeks.
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August 22, 2014
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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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 13, 2014
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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