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Stock Market & Financial Investment News

News Breaks
December 17, 2012
06:14 EDTEIXEdison Mission Energy agrees to facilitate equity turnover, debt reduction
Edison Mission Energy announced that it has reached an agreement with the holders of a majority of EME's $3.7B of outstanding public indebtedness and its parent company, Edison International, that, pursuant to a plan of reorganization and pending court approval, would transition Edison International's equity interest to EME's creditors, retire existing public debt and enhance EME's access to liquidity. As EME implements its financial restructuring, which will ultimately result in a substantial de-leveraging of the company's balance sheet, its operations are expected to continue in the normal course without interruption.
News For EIX From The Last 14 Days
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October 30, 2014
10:02 EDTEIXOn The Fly: Analyst Downgrade Summary
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06:48 EDTEIXEdison International downgraded to Neutral from Buy at UBS
UBS downgraded Edison International to Neutral due to valuation. Price target raised to $65 from $60.
October 28, 2014
16:21 EDTEIXEdison International raises FY14 core EPS view to $4.25-$4.35, consensus $3.87
16:20 EDTEIXEdison International reports Q3 core EPS $1.52, consensus $1.33
Reports Q3 revenue $4.36B, consensus $3.9B.

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