PSEG deal generates talk of freezes, cuts
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Public Service Enterprise Group, owner of the state&#39;s biggest gas and electric utility, yesterday agreed to be acquired by Exelon in a $12.2 billion deal that would create the nation&#39;s biggest
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Shareholders hoped the move would stabilize the company after a series of blows that could hurt sales and limit its strategic options.
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Res Publica continued to juggle the possible postponing of its promised income-tax cut last week with a potential and perhaps much-needed merger with the Reform Party.
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Governor Mitt Romney's recent move to slice $425 million from state spending will hamper the efforts of a program that has helped hundreds of small manufacturers compete, survive, and save thousands of jobs.
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Massachusetts Electric Co. , the state's biggest utility, reached a $71 million agreement with Attorney General Thomas F. Reilly to freeze most rates through March 1 and offer all customers a monthly credit averaging 43 cents for the year after that. With the seven-year-old system of state-controlled &quot;standard offer&quot; power rates set to expire in March, the settlement pact is ...
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The magnitude of the proposed cuts in federal funds for public broadcasting put forth this week sent public broadcasters scrambling.
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Public Service Enterprise Group  PEG.N, which announced an agreement to be acquired by Exelon  Corp. EXC.N in December, on Thursday posted lower fourth  quarter earnings due to a lower contribution from PSEG Power.
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The deal could be a sign that the satellite radio provider's legal woes surrounding the recording functionality of some of its receivers may be waning.
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Facing continued top-line weakness, the company may have to cut costs.
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By Charles Babington, Washington Post Staff Writer  The price of satellite radio service has become a sensitive topic in the debate over whether the nation's two space-based radio companies should be allowed to merge, and lawmakers zeroed in on it yesterday.
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Plus: SCO to cap legal costs...Novell sees weakness in IT spending...Salesforce reports rise in profit...Nortel to lay off 3,500.
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By Dori Berman  The Board of Public Works Wednesday halted a large residential project on the Eastern Shore after a lengthy debate that will likely spark a larger discussion about the state's growth policies.
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Five hours of talks Tuesday brought owners and players no closer to resolving labor disagreements that will lead to a lockout when the collective bargaining agreement ends Sept. 15.
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Frustrated that Prince George's County leaders have no solution for their hospital system's financial troubles, the county's legislative delegation introduced a bill yesterday that would transfer ownership of the system to a state authority.
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The Exelon Corporation, the owner of utilities in northern Illinois and eastern Pennsylvania, is in advanced talks to acquire New Jersey&#39;s largest utility, PSE&amp;G.
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The company tightens its forecast on cost concerns.
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The company said the cuts are part of a move to consolidate three regional divisions and decentralize buying in an effort to reduce costs and lift sales.