Exelon-PSEG deal to result in 900 NJ job cuts
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The proposed merger of Public Service Enterprise Group and Exelon will result in the elimination of 900 jobs in New Jersey, most of them at the PSEG unit that operates three nuclear power plants in Salem County.
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A three-year contract has been ratified by union workers at Berenfield Containers in Forks Township. Workers will receive a 2.5 percent wage increase the first year and a 2.9 percent increase in the second
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Exelon Corp. is acquiring Public Service Enterprise Group Inc. in a $12 billion stock deal that would create the nation's largest power-generation company with customers in Illinois, New Jersey, and Pennsylvania.
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Exelon, the Chicago-based energy group, is in advanced talks to clinch a deal to buy New Jerseyâs PSE&amp;G for about $12bn in stock, according to people familiar with the talks.
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The deal with the media agencies owned by the WPP Group is valued at $800 million to $900 million in commercial time.
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Exelon, the US energy group, is in advanced talks to buy the Public Service Enterprise Group (PSEG) for about $12bn in stock, according to people familiar with the talks.
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Exelon Corp. (EXC.N: Quote, Profile, Research) on Tuesday said it would sell some of its Sithe power generation assets to Dynegy Inc.
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Exelon Corp. plans to announce Friday it will terminate its contract with Wackenhut Corp. for providing security at many of its nuclear power plants, according to a notice the company sent to congressional offices.
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A Chicago outplacement firm says planned job cuts announced by employers hit an eight-month high of 107,863 in September. Challenger, Gray &amp; Christmas, in a report released Tuesday
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Exelon and PSEG have agreed on a merger that would create a new firm called Exelon Electric &amp; Gas with revenues of $27 billion and assets of $79 billion.
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The Exelon Corporation warned that it might be unable to complete its acquisition of Public Service Enterprise Group because of problems getting approval from New Jersey regulators.
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DALLAS (CBS.MW) -- Dynegy Inc. said Tuesday it will buy Exelon subsidiary ExRes SHC for $1.05 billion in a deal that expands the Houston company&#39;s power generation business in the New York state market.
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Standard &amp; Poor&#39;s on Monday said it may cut the credit rating of Exelon Corp. (EXC.N: Quote, Profile, Research) after the largest US nuclear power company said it was buying Public Service Enterprise Group Inc.
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NEWARK, NJ -- A huge Chicago-based utility company is in talks with Public Service Enterprise Group to acquire New Jersey&#39;s largest provider of electric and gas services for $12 billion, according to published reports.
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Solar-cell vendor has laid off 40 employees, according to a report. If true, it would cap off a tough year for the once-hot CIGS vendor.
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NEW YORK, October 15  - The US-based telecom giant, Sprint Corporation (FON.NYS), has announced its plans for additional 700 job cuts in its Sprint Business Solutions (SBS) division.
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Medical device maker Medtronic Inc. , feeling the pinch of a slowdown in one of its key markets, will eliminate about 900 jobs through early retirement packages, voluntary and involuntary separations, the company said in a filing.