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Stock Market & Financial Investment News

News Breaks
February 28, 2014
16:32 EDTEXCExelon subsidiary to receive $355M in early termination agreement
On February 26, Exelon subsidiary UII and the City Public Service Board of San Antonio, Texas, or CPS, finalized an agreement to terminate a coal-fired generating station lease, and other related agreements, prior to their expiration dates. The termination agreement provides for UII to receive a net early termination amount of $335M from CPS, which UII believes is a sufficient amount such that it is in Exelonís best interest to terminate the lease, due in part to certain economic uncertainties with respect to the end of lease term options, including the likelihood of UII incurring significant capital expenditures and increased operational risk. The termination of the lease will result in a net loss at UII, which is not material, and a tax payment of approximately $285M by Exelon and its subsidiaries in 2014, including approximately $150M by Commonwealth Edison Company.
News For EXC From The Last 14 Days
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October 22, 2014
18:04 EDTEXCICC approves ComEdís Grand Prairie Gateway Project
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October 17, 2014
10:00 EDTEXCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AK Steel (AKS) upgraded to Buy from Neutral at Nomura... AMD (AMD) upgraded to Sector Perform from Underperform at Pacific Crest... Atlantic Power (AT) upgraded to Market Perform from Underperform at BMO Capital... Basic Energy (BAS) upgraded to Outperform from Market Perform at Cowen... BorgWarner (BWA) upgraded to Buy from Hold at Deutsche Bank... CA Technologies (CA) upgraded to Overweight from Equal Weight at Barclays... Calumet Specialty Products (CLMT) upgraded to Outperform at Wells Fargo... DHT Holdings (DHT) upgraded to Buy from Hold at Evercore... Exelon (EXC) upgraded to Neutral from Sell at Citigroup... Fifth Third Bancorp (FITB) upgraded to Buy from Neutral at Citigroup... Goldman Sachs (GS) upgraded to Outperform from Market Perform at Keefe Bruyette... Helmerich & Payne (HP) upgraded to Buy from Neutral at UBS... Hilton (HLT) upgraded to Buy from Neutral at SunTrust... Hyatt Hotels (H) upgraded to Outperform from Neutral at Macquarie... IPG Photonics (IPGP) upgraded at Stifel... ITC Holdings (ITC) upgraded to Neutral from Underperform at Credit Suisse... Manpower (MAN) upgraded to Outperform from Market Perform at Avondale... Nabors Industries (NBR) upgraded to Outperform from Market Perform at Cowen... Newpark Resources (NR) upgraded at Cowen... Old Dominion (ODFL) upgraded to Buy from Neutral at Longbow... PDC Energy (PDCE) upgraded at SunTrust... Patterson-UTI (PTEN) upgraded to Buy from Neutral at UBS... PrivateBancorp (PVTB) upgraded to Outperform from Neutral at Macquarie... QLogic (QLGC) upgraded to Buy from Hold at Summit Research... RPC, Inc. (RES) upgraded at Cowen... Sonoco (SON) upgraded to Neutral from Underperform at DA Davidson... Southwestern Energy (SWN) upgraded to Outperform from Market Perform at Raymond James... SunEdison (SUNE) upgraded to Outperform at Cowen... TSMC (TSM) upgraded to Buy from Neutral at Mizuho... Tesco (TESO) upgraded to Outperform from Market Perform at Cowen... UnitedHealth (UNH) upgraded to Outperform from Market Perform at Leerink... Xilinx (XLNX) upgraded to Outperform from Market Perform at Wells Fargo.
06:16 EDTEXCExelon upgraded to Neutral from Sell at Citigroup
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October 15, 2014
08:09 EDTEXCExelon, Chicago Bridge & Iron and 8 Rivers partner for demonstration plant
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October 9, 2014
15:10 EDTEXCExelon, Pepco receive DOJ requests for additional information
Exelon (EXC) disclosed in a regulatory filing that on October 9 the company and Pepco Holdings (POM) each received a request for additional information from the Department of Justice regarding the companies' planned merger. "The request for additional information has the effect of extending the DOJ review period until 30 days after each of PHI and Exelon has certified that it has substantially complied with the request. Exelon and PHI will continue to work cooperatively with the DOJ as it conducts its review of the proposed merger. Exelon and PHI continue to expect to complete the merger in the second or third quarter 2015," Exelon stated.
13:48 EDTEXCExelon nuclear power generating station reported leak
Exelon released a statement on Wednesday sayingthat its Limerick generating station in Pennsylvania leaked about 100 gallons of water purifying chemical sodium hypochlorite, the primary ingredient in bleach, into to the Schuylkill River. The company said the leak was stopped and did not present an environmental risk. Reference Link

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