Entries tagged "Exelon"
No news is goods news these days. Wednesday's paltry unemployment news coupled with late Tuesday's release of the Federal Reserve Board's December meeting minutes woke the bears, mauling the Dow Jones Industrial Average, which tanked 245.50 points to close at 8,769.70. In its wake, the market losses brought down Deal Stocks too. ...
While Princeton, N.J., power producer NRG Energy Inc. has been trying to thwart a $4.7 billion hostile takeover by Chicago giant Exelon Corp., rumors have been swirling that it's considering picking up Reliant Energy Inc.'s retail operation. ...
Fears of a drawn-out credit market ice age subsided somewhat on Monday as the interbank lending rate LIBOR fell for the sixth straight day and the spreads on credit default swaps of major U.S. banks all tightened. The London interbank offered rate for dollars posted its largest decline in nine months with one-month LIBOR for dollars at 3.75%, and three-month LIBOR for dollars at 4.06%. Investors saw this as light at the end of the frozen credit tunnel sending the Dow Jones Industrial Average up 413.21 points to close at 9,265.43. ...
