Cable operator Charter files for bankruptcy reorganization
Charter Communications chtr , fourth-largest U.S. cable operator, said Friday that it filed for a prearranged bankruptcy reorganization. Charter, based in St. Louis and controlled by Microsoft co-founder Paul Allen, had planned to file by April 1. For years the company has ducked insolvency, but it
NRG rejects Exelon's $6.1B buyout offer
Power generator NRG Energy on Sunday rejected an unsolicited $6.1 billion all-stock bid from nuclear power giant and utility operator Exelon, calling the offer, which would create the largest U.S. power company, too low. Princeton, New Jersey-based NRG Energy also said it rejected the proposal
Women Rocket to Space
A commemoration of the first female astronaut and all the women who followed.
Buffett's got the fortitude and the funds to get deals done
Warren Buffett, best known as a savvy investor, has been involved in businesses ranging from insurance to candy. Now he can add banker to his résumé. Berkshire Hathaway's CEO is becoming a modern-day J.D. Rockefeller by bankrolling deals with his company's $35.6 billion cash hoard. Thursday's
When the last time a democrat from PA was elected to a full term in the Senate?
Enron Fallout Hits Energy Firms, Stocks
The taint of scandal surrounding Enron's collapse has made the public's trust in the economy even worse. Among those caught up in the ever-widening ripples of the Enron effect other power companies, which are desperately trying to convince investors that they don't do business the way Enron did.
Federal Judge Keeps Calif. Lights On
Power-starved California enjoyed yet another reprieve after a federal judge ordered one of the state's biggest suppliers to keep the electricity flowing at least for another day. U.S. District Judge Frank C. Damrell Jr. said Wednesday his temporary restraining order would remain in effect until
Nightline: Power Suppliers Hit Jackpot
The California energy crisis has proved a bonanza for companies that generate or market electric power. Earning statements from the fourth quarter of 2000 suggest how much money has gone out of state to buy power. Enron, the world's largest energy company, reported its fourth-quarter profit last
Energy Providers Reaping Huge Profits
As California sucks up megawatts and pays megabucks for them, enormous sums of money are flowing through the power business. The mentality of power trading is a lot like the mentality of the stock market, says Arthur ODonnell of the California Energy Report. People are going to maximize their