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Stock Market & Financial Investment News

News Breaks
February 7, 2014
05:10 EDTDUKDuke Energy reports water quality continuing to improve at Dan River station
Test results from water samples analyzed by Duke Energy demonstrate that water quality continues to improve downstream of the Dan River Steam Station. On Sunday, a break in a stormwater pipe beneath the ash basin caused a release of ash basin water and ash into the river. Drinking water supplies remain safe. Tonight, the North Carolina Department of Natural Resources (DENR) released sampling results for a number of water quality parameters and the results are consistent with the analysis performed by Duke Energy. The company continues to work closely with local communities, the state of North Carolina, the United States Environmental Protection Agency and the U.S. Fish and Wildlife Service to share its sampling results for comparison with their analysis. Flows to the river decreased again and work to reach the location of the broken pipe continues. Between 3,000 and 5,000 tons of rock will be used to build the ramp into the basin.
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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