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Southern Company (The) latest news:
Virginia regulators approve carbon cap-and-trade plan
Virginia regulators have granted preliminary approval to a plan making Virginia the first Southern state with a carbon cap-and-trade program.
$1.6B Canada-New England hydropower project wins key permit
The U.S. Department of Energy has granted a key permit for a transmission project that would carry hydropower from Canada to energy markets in southern New England.
Start-up at Mexico's top refinery has begun, still no output
Mexico's national oil company Pemex's biggest refinery has begun bringing plants back online following a prolonged stoppage caused by a major earthquake in September, a company spokesperson said on Tuesday. A partial start-up of the facility's plants began last week at the Salina Cruz refinery, located along the Pacific coast of southern Oaxaca state.
Indian city rounds up beggars ahead of visit by Ivanka Trump
Authorities in the southern Indian city of Hyderabad are rounding up beggars ahead of a visit by Ivanka Trump.
BRIEF-Kansas City Southern files for potential mixed shelf size not disclosed
Kansas City Southern(KSU). * Files for potential mixed shelf; size not disclosed - SEC Filing Source text: Further company coverage:
Coca-Cola HBC sales rise 5 pct in Q3
Drinks maker Coca-Cola HBC (CCHBF) reported higher third-quarter sales on Thursday, helped by volume growth in developing and emerging markets and a hot summer in Southern Europe. The company, which sells Coca-Cola Co (KO) drinks in 28 countries mostly in Europe and Asia, reported sales grew 5 percent in the quarter.
U.S. attorney's office probes billionaire Icahn on biofuels activity: filing
NEW YORK (Reuters) - The U.S. Attorney's office for the Southern District of New York is seeking information from billionaire investor Carl Icahn and his firm Icahn Enterprises L.P. related to...
U.S. attorney general probes billionaire Icahn on biofuels activity -filing
NEW YORK, Nov 8 (Reuters) - The U.S. Attorney's office for
the Southern District of New York is seeking information from
billionaire investor Carl Icahn and his firm Icahn Enterprises
L.P. related to activities around the country's biofuels
Stocks tumble after weak earnings as tech, industrials sink
US stocks are down sharply with the biggest losses going to technology companies and industrial firms on weak earnings reports from Advanced Micro Devices, Norfolk Southern and others
Norfolk Southern profit and revenue rise, beat expectations
Norfolk Southern Corp. reported Wednesday third-quarter net income that rose to $506 million, or $1.75 a share, from $460 million, or $1.55 a share, in the same period a year ago. The railroad company said revenue increased to $2.67 billion from $2.52 billion, above the FactSet consensus of $2.64 billion, as slight beats in intermodal and coal revenue offset a slight miss in intermodal revenue. All three segments showed revenue growth. The stock was still inactive in premarket trade. It has run up 11.2% over the past three months, while the Dow Jones Transportation Average has gained 4.9% and the Dow Jones Industrial Average has climbed 8.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Southern Missouri reports Q1 preliminary EPS of $0.56
Southern Missouri Bancorp Inc(SMBC): * Southern Missouri Bancorp(SMBC) reports preliminary results for first quarter of fiscal 2018; dividend of $0.11 per common share declared; conference call to discuss results scheduled for Tuesday, October 24, at 3:30 pm central time.
Recent hurricanes take toll on quarterly earnings
SAN FRANCISCO (Reuters) - After raging over the southern United States and Puerto Rico, remnants of hurricanes Harvey, Irma and Maria are now dampening U.S. corporate profits.
MOVES-ICG names new managing director of marketing & client relations
Oct 20 (Reuters) - Asset manager Intermediate Capital Group
named Louis Colosimo as managing director of marketing &
client relations, Southern USA, effective immediately.
BRIEF-Southern Co's unit awarded contract by USACE to repair power grid in Puerto Rico
* PowerSecure, a unit of co, has been awarded contract by
USACE for additional support to repair power grid in Puerto
U.S. regulator to monitor winter natgas supply in California, New England
U.S. energy regulators will pay attention to natural gas supply issues in Southern California and New England this winter, but overall they do not see major factors that would lead to significant market disruptions.
UPDATE 3-Kansas City Southern overcomes hurricane to beat on revenue
Oct 20 (Reuters) - Regional U.S. railroad Kansas City
Southern posted a better-than expected quarterly profit
on Friday despite disruptions from Hurricane Harvey but may be
impacted by the NAFTA negotiations as more than a quarter of its
revenue comes from shipments between Mexico and the United
BRIEF-Fidelity Southern Corporation reports third quarter EPS of $0.30
* Fidelity Southern Corporation reports earnings for third
quarter of $7.9 million
BRIEF-Great Southern Bancorp Inc reports Q3 preliminary earnings per share $0.82
* Great Southern Bancorp Inc reports preliminary third
quarter earnings of $0.82 per diluted common share
Fire hits Chevron refinery in Southern California
Firefighters battled and managed to contain a blaze that began late Tuesday at the Chevron refinery in El Segundo, Calif., according to the Southern California city's police department. "Fire departments are currently fighting a fire at the Chevron refinery. Residents in the nearby areas are advised to close their windows," El Segundo Police said in a Twitter post at about 11 p.m. Pacific Time on Tuesday, or 2 a.m. Eastern Time on Wednesday. "The fire appears out," the police department later said. The blaze had been a "major fire," it came close to power lines, and firefighters had worked to extinguish it with water and foam, a KTLA report said. Chevron's stock was roughly unchanged in premarket action.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Reports of harassment, verbal abuse emerge against Bob Weinstein
Hollywood producer Bob Weinstein, the brother of disgraced mogul Harvey Weinstein, bullied employees and sexually harassed a female producer, according to separate reports Tuesday. Amanda Segel, an executive producer on the TV miniseries "The Mist," which was produced by the Weinstein Co., told Variety that Bob Weinstein repeatedly sexually harassed her over a period of three months in 2016. Weinstein and his lawyer both strongly denied wrongdoing. In a separate report, the Wall Street Journal late Tuesday reported that Weinstein exhibited a pattern of bullying and abusive behavior toward employees, according to multiple sources, which would not have been tolerated at most other American companies. "Bob Weinstein was genuinely abusive to people in my company," former Walt Disney Co. studio chief Jeffrey Katzenberg said in an interview Tuesday at The Wall Street Journal's WSJ D.Live technology conference in Southern California. Last week, Harvey Weinstein was ousted from his company after numerous reports of sexual misconduct and sexual abuse against him emerged. On Monday, the Weinstein Co. said it was in talks for a potential sale of the company.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Southern Lithium appoints Yari Nieken as CEO
* Southern Lithium announces appointment of Yari Nieken as
Doctor who replaced disgraced USC medical school dean is out
The head of the University of Southern California's medical school is out a year after he took over for a dean who resigned amid allegations he smoked meth and hung out with criminals.
BRIEF-Washington Prime to retain Southern Hills Mall, sell Colonial Park Mall
* Washington Prime Group Inc - signed definitive agreement
to retain Southern Hills Mall, dominant enclosed asset
CORRECTED-UPDATE 1-Spanish crisis sends debt insurance costs surging across southern Europe
LONDON, Oct 4 (Reuters) - Spain's deepening political crisis
drove up the cost of insuring exposure to Spanish sovereign and
bank debt to multi-month highs on Wednesday and rippled out to
Italian and Portuguese credit default swap (CDS) markets.
ADP: Small businesses cut jobs as hurricanes shut retailers
Hurricanes that swept the southern U.S. last month shut many retailers and put hiring on hold at small businesses
Dow transports pull back sharply amid weakness in railroad stocks
The Dow Jones Transportation Average pulled back sharply Monday from the previous session's record close, to buck the rally seen in the broader stock market, amid weakness in railroad stocks after a downbeat note from Morgan Stanley. The Dow transports were down 45 points, or 0.5%, with 12 of 20 components losing ground. The biggest decliner is CSX Corp.'s stock , which is shedding 3.2% after the rail operator was downgraded to underweight at Morgan Stanley, which said there was "no green light yet" for investors to buy into the sector. Among the Dow transports' other rail companies, shares of Union Pacific Corp. slid 1.1% after being downgraded to equal weight at Morgan Stanley, Kansas City Southern fell 1.7% and Norfolk Southern Corp. gave up 0.6%. Those four stocks were shaving about 35 points off the Dow transports' price. Other big losers include shares of J.B. Hunt Transport Services Inc. , which lost 2.5% and United Continental Holdings Inc. , down 1.2%. Meanwhile, the Dow Jones Industrial Average surged 116 points, or 0.5%, to a record high.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
DaVita's stock tumbles to lead S&P 500 losers after scathing SIRF report
Shares of DaVita Inc. tumbled 7.0% in midday trade Friday to pace the S&P 500 decliners, after a Southern Investigative Reporting Foundation (SIRF) report questioned how the medical care services provider received about half its operating profits from the non-profit American Kidney Fund, and the enormous premium received on some dialysis treatments. The report comes after DaVita Chief Executive Kent Thiry avoided answering an analyst's question on how much revenue DaVita generates from dialysis patients whose insurance premiums are paid by the AKF's health insurance payment program. The company didn't immediately respond to a request for comment. Separately, shares of Warren Buffett's Berkshire Hathaway Inc. , which is DaVita's largest shareholder with 38.6 million shares, or 20% of the shares outstanding, slumped 0.8% in midday trade. DaVita's stock has lost 12.5% over the past three months, while the SPDR Health Care Select Sector ETF has gained 0.8% and the S&P 500 has climbed 2.6%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Three-Star Chef Asks Michelin Guide To Leave Him Out: 'I Will Be Able To Feel Free'
Sébastien Bras runs Le Suquet, a restaurant in southern France that first won its three stars in 1999. He cited the pressure of anonymous visits from the guide's inspectors two or three times a year.
Walgreens cleared to purchase 1,900-plus Rite Aid stores and more for $4.4 billion
Walgreens Boots Alliance Inc. said Tuesday that it has gotten regulatory approval to purchase Rite Aid Corp. assets including 1,932 stores, three distribution centers and related inventory for $4.375 billion in cash. This deal updates the terms of the June 2017 agreement, which was a $5.175 billion deal for 2,186 stores. Store purchases are expected to start in October and complete in spring 2018, and will focus primarily on the northeast and southern U.S. The three distribution centers, which won't begin their transition for at least a year, are in Dayville, Conn., Philadelphia, and Spartanburg, S.C. Walgreens will assume certain limited-store liabilities in the transaction, the related leases and give Rite Aid the option to become a member of the Walgreens Boots Alliance's group purchasing organization, which Rite Aid can exercise through May 2019. After the stores are acquired, they are expected to be converted to the Walgreens brand. The deal is not expected to impact adjusted earnings per share in the fiscal year ending August 2018. The company expects synergies of more than $300 million, fully realized within four years of the initial closing. Walgreens shares are unchanged in premarket trading and up 2.2% for the past year. Rite Aid shares are up 2.2% in premarket trading, but down 66% for the last year. And the S&P 500 index is up 17.1% for the past 12 months. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
UPDATE 1-Out-of-control Alberta wildfire shuts in natural gas production
CALGARY, Alberta, Sept 13 (Reuters) - Junior Canadian oil
and gas producer Questfire Energy Corp has shut in 900
barrels of oil equivalent per day of mostly natural gas
production because of a wildfire in southern Alberta, its chief
executive said on Wednesday.
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