Utilities are one of the hottest sectors this year, but investors may want to be suspicious about the climb.» Read More
RALEIGH, N.C.— The country's largest electric company is being fined $6.6 million for environmental pollution related to a big spill of liquefied coal ash in 2014, North Carolina environmental regulators said Tuesday. The fine covers violations that Duke Energy admitted when it pleaded guilty to federal pollution crimes nine months ago and agreed to pay...
EDEN, N.C.— Giant earthmoving machines beep and grind as they drop 17- ton scoops of coal ash and dirt into dozens of railroad cars lined up for two-thirds of a mile at a site along the Virginia- North Carolina border, where the country's largest electricity company was responsible for one of the worst spills of the toxic, liquefied waste in U.S. history.
NEW YORK— Dominion Resources will spend approximately $4.4 billion to acquire Questar in a big reach to the West for the East Coast energy company. Questar is in the Rockies and a principal source of gas supply to Western states. Questar shareholders will receive $25 per share, a 23 percent premium to its Friday closing price of $20.39.
Dominion Resources said it would buy natural gas distributor Questar for about $4.4 billion in cash to expand its natural gas operations.
Rising interest rates and wobbly markets may roil some stocks, but experts believe these picks will profitably ride out the storm.
Women may be badly outnumbered in the top ranks of corporate America, but at least they aren't underpaid.
Stocks are weak today as markets are dealing with three issues.
Is this finally a turn for the dollar, and is this the start of a sustained move up in interest rates?
*Adj profit $1.47/ share vs est $1.51. Nov 5- Duke Energy Corp, the largest U.S. power company by generation capacity, cut the top end of its 2015 adjusted earnings forecast, citing a drought and a slowing economy in Brazil and a strong dollar. The international business, which spans Brazil, Argentina and Chile, had earned only half of what the company had expected...
Millennials invest less in the stock market than baby boomers do — and when they do, they're favoring very different stocks.
Nov 5- Duke Energy Corp, the largest U.S. power company by generation capacity, reported a 5.5 percent rise in quarterly profit from continuing operations, driven by warmer-than-expected weather and lower fuel costs. The company lowered the top end of its 2015 adjusted earnings estimate- it now expects earnings for the period to be $4.55- $4.65 per share compared...
Nov 5- Duke Energy Corp, the largest U.S. power company by generation capacity, reported a 27 percent drop in quarterly profit. Net income attributable to Duke fell to $932 million, or $1.35 per share, in the third quarter ended Sept. 30, from $1.27 billion, or $1.80 per share, a year earlier. The company booked $378 million in earnings from discontinued operations, a year...
Markets will be laser-focused on Friday's October jobs report in the week ahead and may even look past more than a dozen scheduled Fed speeches.
*Pep Boys up after agreeing to be bought by Bridgestone. Oct 26- The Dow and the S&P 500 edged lower on Monday as energy shares dropped with oil prices and Apple retreated a day before its quarterly results. Apple shares fell 3.2 percent to $115.28, making it the biggest drag on all three major indexes, while a weak outlook from one of its suppliers, Dialog...
Some of the names on the move ahead of the open.
With a week to go in October, Wall Street has, thus far, had its best month in four years. This week's big drivers include the Fed's two-day meeting and the continued flood of profit reports.
OSLO, Sept 4- Norway's $828 billion sovereign wealth fund believes a new rule curtailing its investments in coal-dependent businesses could lead it to sell shares in companies across the world worth about 55 billion Norwegian crowns, it said on Friday. Around 120 companies are likely to be affected, it said in a letter to the country's finance ministry.
We have what traders call "degrossing," where participants are simply taking down overall exposure a bit.
Strong ISM nonmanufacturing data Wednesday helped cue up the bond market for a positive payrolls number.
Utilities want to extend the operating licenses of nuclear plants to as long as 80 years, in part spurred by President Obama's coal policy.