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Goldman Upgrades EE To Buy, Downgrades POR To Neutral
Tuesday, July 5, 2011 - 7:23am | 33Goldman Sachs has upgraded El Paso Electric Company (NYSE: EE) from Neutral to Buy and has downgraded Portland General Electric Company from Buy to Neutral.
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Bank of America Raises PO On Dominion Resources To $50
Tuesday, July 5, 2011 - 7:19am | 28Bank of America has raised the price objective on Dominion Resources (NYSE: D) from $46 to $50 and maintains its Neutral rating.
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Energy Transfer Raises Bid For Southern Union
Tuesday, July 5, 2011 - 6:42am | 251Energy Transfer Equity LP (NYSE: ETE) lifted its bid for Southern Union Co (NYSE: SUG) to $8.9 billion, including $5.1 billion in cash and ETE common units. Williams Co (NYSE: WMB) last month made an unsolicited $39 per share offer for Southern, higher than $33 per share offer from Energy...
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Merger Arbitrage Mondays – July 4, 2011
Monday, July 4, 2011 - 12:33pm | 4772Merger activity increased last week with four new deals announced and twelve closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 116 Total Number of...
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Merger Arbitrage Mondays – July 4, 2011
Monday, July 4, 2011 - 12:33pm | 4772Merger activity increased last week with four new deals announced and twelve closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 116 Total Number of...
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High Yield Brazil Utility Stocks
Monday, July 4, 2011 - 1:02am | 933Brazil's economy grew at a rate of 7% last year, partially due to significant exports to China. Even Goldman Sachs is expanding its staffing in Brazil by 20%. Investors looking for growth and stability in Brazilian investments should take a closer look at Brazilian utility stocks, all of which...
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High Yield Brazil Utility Stocks
Monday, July 4, 2011 - 1:02am | 933Brazil's economy grew at a rate of 7% last year, partially due to significant exports to China. Even Goldman Sachs is expanding its staffing in Brazil by 20%. Investors looking for growth and stability in Brazilian investments should take a closer look at Brazilian utility stocks, all of which...
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A Coded Message To the U.S. Nuclear Power Industry? (Guest Post)
Sunday, July 3, 2011 - 8:07pm | 1836By Bob van der Valk Where exactly does the official US policy stand on the building of additional nuclear power plants? It seems Nebraskans and New Mexicans have good reasons for heightened concerns on whether our government is telling the truth about the dangers from any damage caused by the...
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El Paso Electric Issues Requests for Proposals for Power Sources
Friday, July 1, 2011 - 3:27pm | 93On June 28, 2011, El Paso Electric (NYSE: EE) issued a Request for Proposals to obtain offers for dispatchable power resources with peaking and cycling capability. EPE seeks supply-side and demand-side proposals that offer low-cost, reliable electric resource option(s) that best meet its “peaking”...
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Constellation Energy Announces Acquisition of MXenergy Residential and Small Business Platform for $175M
Friday, July 1, 2011 - 1:43pm | 79Constellation Energy (NYSE: CEG) announced today that it has closed its acquisition of MXenergy, a Connecticut-based supplier of natural gas and electricity with approximately 540,000 customers in North America. The $175 million transaction, announced May 12, broadens Constellation Energy's mass...
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Social Media Day 2011 Rocks Detroit, Brings the Community Together
Friday, July 1, 2011 - 12:10pm | 995I updated my “status” last night. Not by tweeting 140 characters or by writing a few words on Facebook, but by attending the 2011 Social Media Day in Detroit, MI. It was an event for people to get together, network, and rejoice in tables of free food. Most of all it was a chance to chat, chill, and...
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Duke Energy Carolinas Requests Approval From the North Carolina Utilities Commission to Increase Electric Rates
Friday, July 1, 2011 - 10:30am | 53Duke Energy Carolinas (NYSE: DUK) today filed a request with the North Carolina Utilities Commission to increase electric rates by approximately $646 million. Approximately three-fourths of the request is driven by capital investments the company made in the Carolinas' electric system over the...
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UPDATE: Morgan Keegan Lowering Price Target On El Paso Pipeline Partners, L.P .
Friday, July 1, 2011 - 8:39am | 98Morgan Keegan is lowering its price target on shares of El Paso Pipeline Partners, L.P. (NYSE: EPB) to $42 from $42.50, but it has an Outperform rating on shares. In a note to clients, Morgan Keegan writes, "EPB announced Wednesday it had acquired an additional 28% in Colorado Interstate Gas...
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Stocks to Watch for 07/1/11: Fresh 52 Week Highs and Lows
Friday, July 1, 2011 - 4:16am | 2869Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session: 1) Walter Investment Company (NYSE: WAC): Shares of Walter Investment hit a 52-week...
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UPDATE: Dendreon Announces Increased Capacity and Significant Reimbursement Decisions Supporting Broad Availability of PROVENGE
Thursday, June 30, 2011 - 4:48pm | 345- FDA Approves Los Angeles Immunotherapy Manufacturing Facility, CMS Announces National Coverage Decision, and Product Specific Q-Code Effective - Dendreon Corporation (Nasdaq: DNDN) today announced significant milestones that support broad availability for on-label use of PROVENGE® (sipuleucel-T...