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Stock Market & Financial Investment News

News Breaks
January 9, 2013
17:32 EDTEDConsolidated Edison announces 2009 tax deductions decision reversed
On January 9, the United States Court of Appeals for the Federal Circuit issued a decision disallowing tax deductions claimed by Consolidated Edison relating to a 1997 transaction in which Consolidated Edison Development leased property and then immediately subleased it back to the lessor. This decision reverses an October 2009 decision of the United States Court of Federal Claims in favor of the company.
News For ED From The Last 14 Days
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March 26, 2015
18:11 EDTEDCon Ed shares weaken into close after NYC building explosion
At 3:17pm, a possible gas explosion in the East Village was reported to 911, leading Con Ed (ED) to shut down gas service along Second Avenue in the area, according to the New York Post. Before 4:00pm, the emergency, which had spread to two adjoining buildings, was upgraded to a seven alarm fire. Shortly after the report of the incident, Con Ed shares, which were trading near flat on the day, dropped almost 3% to $58.80. Reference Link

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