International Business News - CEG http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of utilities were mixed Friday as Congress passed a $700 billion financial bailout package. The 263-171 vote by the House sent the Senate-passed version to the White House, where it was promptly signed by President Bush. The measure allows the Treasury Department to buy bad debt from various lending institutions. http://www.ibtimes.com/articles/20081003/utilities-mixed-after-economic-bailout.htm Fri, 03 Oct 2008 15:08:35 EDT Among the stock activity stories for Thursday, Oct. 2, from AP Financial News: NEW YORK (AP)--Shares of General Growth Properties Inc. lost nearly half their value Thursday after a news report said company executives have been their selling stock in the retail real estate investment trust. http://www.ibtimes.com/articles/20081002/movers-roundup-general-growth-properties-metlife.htm Thu, 02 Oct 2008 18:36:03 EDT A unit of Warren Buffett's Berkshire Hathaway said Thursday that it has begun the federal regulatory process needed to complete its acquisition of Constellation Energy. http://www.ibtimes.com/articles/20081002/midamerican-moves-forward-on-constellation-bid.htm Thu, 02 Oct 2008 16:48:52 EDT Shares of wholesale power generator Constellation Energy Group Inc., which has agreed to be bought by a unit of Warren Buffett's Berkshire Hathaway, rose on a report that a French nuclear company is nearing a deal with a private equity company that could top Buffett's bid. http://www.ibtimes.com/articles/20081002/constellation-energy-up-on-report-of-new-bidder.htm Thu, 02 Oct 2008 15:15:06 EDT UniStar Nuclear Energy is considering building a fourth nuclear reactor at Nine Mile Point on Lake Ontario. UniStar filed an application with the U.S. Nuclear Regulatory Commission on Tuesday but hasn't yet committed to building a new plant in Scriba, located 40 miles north of Syracuse. http://www.ibtimes.com/articles/20081002/unistar-considering-reactor-lake-ontario.htm Thu, 02 Oct 2008 13:26:01 EDT Constellation Energy Group Inc. said Thursday that MidAmerican Energy Holdings Co. has finished its 14-day due diligence of its retail and wholesale businesses, including trading records, and expects to proceed with its buyout. http://www.ibtimes.com/articles/20081002/midamerican-ends-due-diligence-on-constellation.htm Thu, 02 Oct 2008 07:42:19 EDT Hurricanes Gustav, Ike and the biggest credit storm since the Great Depression have created a very rocky summer for some of the nation's largest utilities and power generators. http://www.ibtimes.com/data/articleimgs/143268-utilities-cleaning-up.jpg http://www.ibtimes.com/articles/20081001/hurricanes-and-economic-storm-snare-utilities.htm http://www.ibtimes.com/articles/20081001/hurricanes-and-economic-storm-snare-utilities.htm Wed, 01 Oct 2008 16:10:52 EDT A division of utility company Constellation Energy Group Inc. received a $5.3 million contract from the Defense Logistics Agency to provide electrical services for the Navy, the Pentagon said late Tuesday. http://www.ibtimes.com/articles/20081001/constellation-energy-unit-gets-5-3m-pentagon-deal.htm Wed, 01 Oct 2008 12:34:01 EDT Shares of wholesale power seller Constellation Energy Corp., which has agreed to be bought by Warren Buffett's Berkshire Hathaway Inc., plummeted Monday after the government's financial bailout package failed to win enough votes to pass in the House of Representatives. http://www.ibtimes.com/articles/20080929/constellation-energy-shares-tumble.htm Mon, 29 Sep 2008 15:59:40 EDT French power provider EdF agreed Wednesday to buy British Energy Group PLC for about $23.2 billion in cash, betting big on the prospects for Britain's nuclear industry at a time of growing global concern about greenhouse gas emissions. http://www.ibtimes.com/articles/20080924/frances-edf-announces-british-energy-buyout-plan.htm Wed, 24 Sep 2008 12:23:42 EDT French power giant Electricite de France SA declined to comment on reports that it will buy British Energy Group PLC, but it has scheduled a press conference for Wednesday. http://www.ibtimes.com/articles/20080923/edf-is-mum-on-reports-of-british-energy-buyout.htm Tue, 23 Sep 2008 16:43:29 EDT Oil spikes $25 on bailout anxiety, short covering NEW YORK (AP)--Oil prices briefly spiked more than $25 a barrel Monday, shattering the record for the biggest one-day gain as unease about the government's $700 billion bailout plan pummeled the dollar and spurred investors to buy safe-haven assets. An expiring crude contract added fuel to the frenzied rally. http://www.ibtimes.com/articles/20080922/business-highlights.htm Mon, 22 Sep 2008 18:42:01 EDT A French nuclear power company is upping the ante for Constellation Energy Group Inc., offering to pay $35 per share for the Baltimore-based wholesale power supplier in hopes of unseating a deal Constellation made last week to be sold to MidAmerican Energy Holdings Co., a unit of Warren Buffett's Berkshire Hathaway Inc. http://www.ibtimes.com/articles/20080922/french-company-edf-raises-bid-for-constellation.htm Mon, 22 Sep 2008 17:08:57 EDT Standard & Poor's Ratings Services reiterated its "BBB" corporate credit rating on Constellation Energy Group Inc. Friday and kept the utility on Credit Watch with developing implications. http://www.ibtimes.com/articles/20080919/s-p-keeps-constellation-energy-on-credit-watch.htm Fri, 19 Sep 2008 12:49:01 EDT Moody's Investors Service said Friday it has downgraded the senior unsecured rating for Constellation Energy Group Inc. to "Baa2" from "Baa1" after the utility said it would sell itself to a unit of Berkshire Hathaway Inc. http://www.ibtimes.com/articles/20080919/moodys-downgrades-constellation-energy.htm Fri, 19 Sep 2008 09:29:57 EDT Stocks surge on report of entity for bad debt NEW YORK (AP)--Wall Street rallied in a stunning late-session turnaround Thursday, shooting higher and hurtling the Dow Jones industrials up 400 points following a report that the federal government might create an entity to absorb banks' bad debt. http://www.ibtimes.com/articles/20080918/business-highlights.htm Thu, 18 Sep 2008 18:25:19 EDT Standard & Poor's Ratings Services placed its "A-" ratings for Berkshire Hathaway Inc.'s MidAmerican Energy Holdings Co. on Credit Watch with negative implications Thursday, after the company said it will buy Constellation Energy Group Inc. for $4.7 billion. http://www.ibtimes.com/articles/20080918/s-p-puts-midamerican-ratings-on-credit-watch.htm Thu, 18 Sep 2008 15:54:56 EDT Shares of utilities jumped Thursday morning after embattled Constellation Energy Group Inc. agreed to a buyout and the broader markets rebounded following steep drops earlier this week. http://www.ibtimes.com/articles/20080918/utilities-rebound-on-constellation-buyout-news.htm Thu, 18 Sep 2008 10:22:20 EDT Among the premarket stories for Thursday, Sept. 18, from AP Financial News: DETROIT (AP)--An analyst on Thursday upgraded shares of Advance Auto Parts Inc. from "Neutral", adding them to his "Conviction Buy List" due to falling crude oil prices and auto parts customers having a lower exposure to credit challenges when compared with other retailers. http://www.ibtimes.com/articles/20080918/premarket-roundup-advance-auto-parts-town-sports.htm Thu, 18 Sep 2008 10:10:11 EDT Warren Buffett's Berkshire Hathaway Inc. is reaching into its deep pockets to give a steady hand to Constellation Energy Group Inc. and, at the same time, grab a bargain. http://www.ibtimes.com/articles/20080918/midamerican-energy-to-buy-constellation-for-4-7b.htm Thu, 18 Sep 2008 19:41:46 EDT