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Stock Market & Financial Investment News

News Breaks
March 14, 2013
11:57 EDTWEC, EDE, DUK, CPN, DMore cities looking to provide electricity directly, NY Times says
More U.S. cities are considering providing electricity to their residents, taking the place of private utilities, according to The New York Times. The cities are reacting to increased concerns over global warming the newspaper stated. Reference Link
News For D;DUK;WEC;CPN;EDE From The Last 14 Days
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April 23, 2014
06:19 EDTDUKDuke Energy estimates cost of coal-ash cleanup, WSJ reports
A Duke Energy executive told a North Carolina environmental commission that plans outlined by the company to address coal-ash in the state are estimated to cost $2B-$2.5B, the Wall Street Journal reports. Reference Link
April 22, 2014
16:27 EDTDUKDuke Energy updates N.C. legislative commission on coal ash
Duke Energy's North Carolina State President, Paul Newton, spoke before the N.C. Joint Environmental Review Commission, ERC, on the company's response to the Feb. 2 Dan River coal ash incident and its near-term and longer-term actions to address coal ash across the state. "Duke Energy is committed to working with policymakers and regulators to implement both short- and long-term solutions to coal ash management in North Carolina," said Newton. Newton told the ERC the company takes full responsibility for the Dan River incident. He also discussed the significant steps Duke Energy has taken on the site and in the river since the company's previous update to the ERC on Feb. 17.
10:00 EDTWECOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: CommonWealth REIT (CWH) downgraded to Sell from Hold at Stifel... Del Frisco's (DFRG) downgraded to Market Perform from Outperform at Raymond James... Deutsche Bank (DB) downgraded to Neutral from Buy at UBS... Diageo (DEO) downgraded to Market Perform from Outperform at Raymond James... Eni SpA (E) downgraded to Neutral from Buy at UBS... Fidelity & Guaranty Life (FGL) downgraded to Neutral from Outperform at Credit Suisse... Frontier Communications (FTR) downgraded to Hold from Buy at Gabelli... QEP Resources (QEP) downgraded to Equalweight from Overweight at Barclays... Rogers Communications (RCI) downgraded to Sell from Hold at Canaccord... Rush Enterprises (RUSHA) downgraded to Underperform from Buy at BofA/Merrill... TSMC (TSM) downgraded to Neutral from Overweight at HSBC... Valero (VLO) downgraded to Neutral from Buy at BofA/Merrill... Wisconsin Energy (WEC) downgraded to Fair Value from Buy at CRT Capital... Zillow (Z) downgraded to Fair Value from Buy at CRT Capital... Zions Bancorp (ZION) downgraded to Equal Weight from Overweight at Evercore.
06:29 EDTWECWisconsin Energy downgraded to Fair Value from Buy at CRT Capital
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April 21, 2014
10:34 EDTCPNHigh option volume stocks: AXAS SCSS CPN FXEN JNS
07:14 EDTCPNCalpine to sell generation assets for $1.57B to LS Power
Calpine has signed an agreement to sell approximately 3,500 MW of generation resources in the Southeastern United States to U.S. power and energy infrastructure owner LS Power Equity Advisors for $1.57B in cash, subject to working capital and other adjustments. The portfolio consists of six combined-cycle generation facilities which use natural gas as the primary fuel source. The transaction is expected to close in Q2.
April 18, 2014
13:30 EDTCPNCalpine sees sell six Southeast region power plants for $1.57B
Calpine announced that it has agreed to sell six power plants in its Southeast region to LS Power for $1.57B in cash, subject to working capital and other adjustments. The portfolio of assets comprises 3,498 MW of combined-cycle generation capacity in Oklahoma, Louisiana, Alabama, Florida and South Carolina. Calpine expects to utilize existing federal and state net operating losses to almost entirely offset the projected taxable gains from the sale. In addition, none of the assets included in the transaction are directly encumbered with project debt. Therefore, the transaction is expected to result in net cash proceeds of approximately $1.53B, which the company intends to allocate in a balanced manner that maintains leverage neutrality and is accretive to Adjusted Free Cash Flow Per Share.
April 17, 2014
17:19 EDTDUKDuke Energy unit says incurred about $15M in costs from Dan River ash release
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10:10 EDTDHigh option volume stocks: ORIG HST WY D VTR SLM ADI FSL INFY
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April 15, 2014
07:57 EDTDUKDuke board may face contentious meeting with directors targeted, FT says
California’s state pension fund and New York City’s retirement system jointly wrote to fellow shareholders urging them to withhold support for members of Duke Energy’s regulatory policy and oversight committee at the company’s upcoming shareholder meeting on May 1, citing the company's environmental record and poor relationship with regulators, said Financial Times. Reference Link
April 14, 2014
13:46 EDTDUKNYC Pension Funds, CalPERS vote against four Duke Energy directors
NYC Pension Funds and CalPERS announced that they will vote against four director nominees to Duke Energy's board for what the funds said was a failure to, "fulfill their obligations of risk oversight as members of a committee overseeing health, safety, and environmental compliance at the company." The funds cite the February coal ash spill into the Dan River in North Carolina, and said that they held a call to discuss concerns with management, and that their request to speak with the board was not passed on.
April 10, 2014
07:27 EDTCPNSenate Energy & Natural Resources Committee to hold a hearing
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07:02 EDTDUKDuke Energy EPS, dividend growth could accelerate 2016-2018, says Bernstein
Bernstein believes that Duke Energy's EPS and dividend growth could accelerate from 2016-2018. The firm raised its price target on the stock to $78 from $77 but keeps a Market Perform rating on the shares.

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