The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
Netflix blames its content slate, regional price increases and a "pull-forward effect" of its strong Q1 growth for the miss.Technologyread more
Netflix lost paid U.S. subscribers for the first time in eight years and fell below analyst estimates for international subscriber growth.Tech Driversread more
Stocks fell for a third straight day on Thursday as Wall Street digested a mixed batch of corporate earnings results.US Marketsread more
Jeffrey Epstein, a former friend of presidents Donald Trump and Bill Clinton, had asked a judge to release him on a bond of as high as $100 million or more.Politicsread more
Revenue of $10.24 billion exceeded the consensus estimate by almost $250 million.Financeread more
Southwest joints United and American in taking the Boeing 737 Max out of its schedules through early November with no end in sight to the federally mandated grounding of the...Airlinesread more
Treasury Secretary Steven Mnuchin says if the call goes well, he would expect in-person meetings to take place.Marketsread more
Morgan Stanley highlighted 20 companies including Uber and American Express that it expects earnings will drive the stock price in the near-term.Investingread more
The filing came a day after the judge in Michael Cohen's criminal case ordered their release, saying that the end of a probe into those payments to alleged sexual partners of...Politicsread more
Despite a disappointing earnings report, Wall Street analysts are sticking by the stock and looking ahead to the third quarter.Marketsread more
Duke offered $60 in cash for each Piedmont share, representing a premium of about 42 percent premium to the stock's Friday close.
Piedmont's shares were trading up 8.5 percent at $45.81 in light volumes premarket on Monday. (Get the latest quote here.)
A glut of supply from shale fields has ensured relatively stable pricing for natural gas distributors such as Piedmont.
This has prompted a number of U.S. power producers to boost their natural gas infrastructure and lower dependence on power generation at time when demand for electricity is weakening due to increased energy efficiency.
Duke and Piedmont are also partners in the $5 billion 550-mile (885-km) Atlantic Coast pipeline, which moves gas from Pennsylvania's Marcellus shale field to North Carolina and Virginia.
Duke will also assume about $1.8 billion of Piedmont's net debt, giving the company an enterprise value of $6.7 billion.