The Travelers Cos. Inc. and The Allstate Corp. shares finished the week ending July 21 in the green, even as both companies disclosed massive catastrophe losses for the second quarter.
U.S. oil and gas producers have overhauled their spending habits in the past three years, with a focus on repaying debt rather than accruing it. Their effots have insulated them…
The fourth-largest investor in oil pipeline operator Magellan Midstream Partners LP plans to vote against a merger with gas company Oneok Inc. in an $18.8 billion stock and cash deal,…
Spending on utility infrastructure and renewable energy projects in the U.S. and Canada is expected to continue full speed ahead despire any challenges posed by higher interest rates.
Elliott Management Corp.’s campaign to steer NRG Energy Inc. toward board changes, cost cuts and a potential spinoff of Vivint Smart Home Inc. may not be the best plan to…
NRG Energy Inc.’s deal announced June 1 to sell its 44% stake in the 2,645-MW South Texas Project nuclear plant to Constellation Energy Corp. for $1.75 billion should concern both…
NiSource Inc. will receive a “meaningful premium” compared to alternative sources of financing by raising $2.40 billion in equity through the sale of a minority interest in its Northern Indiana…
CreditSights analysts agreed that NiSource’s minority interest sale “compares favorably” to similar vertically integrated utility stake sales and is a “credit-positive deal” with proceeds going toward capex funding and the…
Analysts at CreditSights said May 15 that the decision was a “clear setback but not a final blow to a deal going through.” They noted that the “consensus has been…
There is a lot of potential “good news” for Aflac in the foreseeable future as the insurer is set to launch new products and the COVID-19 situation in Japan is…