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Stock Market & Financial Investment News

News Breaks
February 7, 2014
17:54 EDTDUKDuke Energy pledges to take care of Dan River, surrounding areas
Duke Energy pledged to take care of the Dan River and its surrounding environment as the company continues to address the coal ash release that began several days ago at the company's Dan River power plant in Eden, N.C. The company says ongoing water sampling results from Duke Energy demonstrate that water quality continues to improve downstream of the spill site. The company's results are consistent with sampling being performed by the North Carolina Department of Environment and Natural Resources. The release stems from a broken 48-inch stormwater pipe under one of the power plant's ash basins. The break, discovered last Sunday, allowed ash and water from the basin to flow into the river. Duke Energy also said its designing a long-term river cleanup plan in close coordination with federal and state environmental agencies, including the U.S. Environmental Protection Agency, the U.S. Fish and Wildlife Service and NCDENR.
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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