When investor Boone Pickens put a hold on a huge wind power project in the Texas Panhandle that he had announced in the spring, he wasn’t alone. A number of wind power developers and researchers say the ongoing credit crisis,...
OCEANSIDE: A decision by the Oceanside Planning Commission to approve a 92-acre shopping center will be considered by the City Council on Wednesday. Attorneys for a rival mall, Westfield Plaza Camino Real in Carlsbad, appealed...
OMAHA, Neb. (AP) -- Billionaire investor Warren Buffett's company picked up roughly 66 million shares of ConocoPhillips stock between March and September to boost its stake to nearly 6% of the oil company's stock. Berkshire...
NORFOLK, Virginia (Reuters) - After struggling to keep up with soaring coal exports through the first 10 months of this year, U.S. coal shippers now face the prospect of a serious slowdown due to the worldwide economic slowdown.
Nov 14 (Reuters) - Berkshire Hathaway Inc, in a U.S. Securities and Exchange Commission filing: * Reports 2.91 million share stake in Eaton Corp at September 30 * Reduces stake in Bank of America Corp as of September 30...
The volume of global mergers and acquisitions could fall about 35 percent in 2009 from an expected volume of $3.1 trillion this year, investment bankers say. Among investment bankers, who typically boast about a full pipeline...
The energy sector's big boys walk with a renewed swagger these days. The most striking example is Exelon Corp.'s hostile bid for smaller independent power producer NRG Energy. Jim Rogers, chief executive of big utility Duke...
Exelon Corporation (NYSE:EXC) announced today that it has launched an exchange offer for all of the outstanding shares of NRG Energy, Inc. common stock at a fixed exchange ratio of 0.485 Exelon shar.. - Read more
By Julie MacIntosh in New York and Sheila McNulty in HoustonExelon launched a hostile takeover battle for rival NRG Energy on Tuesday, after NRG rejected its unsolicited $6.2bn offer to combine the companies into the largest...
Wednesday, November 12, 0730 GMT Welcome to today's round-up of business news from The Times: what we're saying, what they're saying Top stories The Times: The pound tumbled to new lows on concerns over how Britain will fund...