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Stock Market & Financial Investment News

News Breaks
February 6, 2014
05:46 EDTDUKDuke Energy announces crews advance on work needed to seal pipe at Dan River
Hundreds of people using an array of heavy equipment worked through the night and making progress at the Dan River Steam Station in Eden, N.C. Crews were successful in uncovering the break in the pipe last evening. They also learned that the break occurred in a section of pipe made of corrugated metal. The corrugated pipe connects to a reinforced concrete pipe closer to the river. This information helps design the permanent solution. Company and state monitoring teams continue sampling water quality in the Dan River near the site and down river. Sample results from yesterday confirm downstream water supplies remain safe, and water can be effectively treated through routine treatment processes.
News For DUK From The Last 14 Days
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April 17, 2014
17:19 EDTDUKDuke Energy unit says incurred about $15M in costs from Dan River ash release
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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
07:02 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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