Fox Business - The Power to Prosper
Search Site

Wednesday, April 7, 2010 as of 11:14 AM ET

Progress Energy

    Progress Energy may refer to:

    Read More at Wikipedia ›

    Related Topics

    1. Duke Energy
    2. Progressive Corp.
    3. Northeast Utilities
    4. Consol Energy
    5. Noble Energy
    6. Mike Duke
    Get updates on Progress Energy
    New Deals Show Corporate Bond Market's Resilience

    Highly rated companies continued to sell bonds at superlow interest rates even as market conditions deteriorated further.

    More than $3 billion of new debt hit the high-grade U.S. market Tuesday, led by five companies in the energy and utility sector. The deals were having no problem finding investors despite a continued selloff among riskier assets and more protection-buying in the derivatives market.Equities fell roughly 1%, bank bonds continued to tumble, and the Markit's CDX North America Investment-Grade Index, a barometer of sentiment based on credit default swaps, weakened 2.2%But none of that stopped Progress Energy Inc. (PGN) from issuing $1 billion in a two-part deal of 10- and 30-year first mortgage bonds. They offered respective yields of 2.826% and 4.129%, or spreads of 1.05 and 1.20 points above the comparable Treasury rates.The 10-year bond represents the lowest-ever yield for a 10-year bond from the utility sector, according to Standard & Poor's LCD. The 30-year yield was...

    Read More ›

    1. Duke Energy Tries Again For Federal Approval Of Progress Merger -CEO

      Duke Energy Corp. (DUK) will soon file its third request for federal approval it needs to complete its merger with Progress Energy Inc. (PGN), Duke's top executive s...

    2. Duke Energy 4Q Profit Falls 33% On Prior-Year Gains

      DOW JONES NEWSWIRESDuke Energy Corp's (DUK) fourth-quarter earnings fell 33% from a prior-year period that included asset-sale gains as the power company also saw sh...

    3. Progress Energy CEO on New Nuclear Reactor Approval

      Progress Energy CEO William Johnson explains how the approval of a new nuclear reactor is good for the U.S., progress on the merger with Duke Energy, and regulation in the utilities industry.

    4. Nuclear Accidents Pose 'Very Small' U.S. Health Risk: NRC

      The risk to public health from a severe nuclear power plant accident in the United States is "very small" because reactor operators should have time to prevent core ...

    5. Exelon to buy Constellation Energy for $7.9 billion

      BANGALORE (Reuters) - Power company Exelon Corp <EXC.N> is to buy rival Constellation Energy Group <CEG.N> for $7.9 billion, the latest in a series of deals in a fra...

    6. Exelon to Buy Constellation Energy for $7.9 Billion

      Power company Exelon Corp (NYSE:EXC) is to buy rival Constellation Energy Group (NYSE:CEG) for $7.9 billion, the latest in a series of deals in a fragmented U.S. uti...

    7. Top 5 M&A Deals in 1Q

      Harris Williams Managing Director Chris Williams weighs in on his outlook for mergers and acquisitions.

    8. Progress Energy 4Q Profit Slips, But Still Beats Street

      Helped by favorable weather and slightly improved retail usage, Progress Energy (NYSE:PGN) reported on Friday a stronger-than-expected fourth-quarter profit, though ...

    9. Nuclear Energy Gaining Power?

      William Johnson, Progress Energy CEO and incoming Duke Energy CEO & president, on nuclear energy gaining traction on solar and wind energy.

    10. Earnings Hopes Offset Global Headaches on Wall Street

      FOX Business: The Power to Prosper Overcoming a slew of global headaches, Wall Street landed in a deadlock and recovered most of an early selloff on Monday amid some...

    11. Markets Under Pressure in Early Trading

      FBN's Adam Shapiro on the latest on early morning trading in the markets.

    12. Duke Energy to Buy Progress Energy

      Duke Energy (NYSE:DUK) said it agreed to buy Progress Energy Inc (NYSE:PGN) for $13.7 billion in stock, to create the largest U.S. power company.Duke said Progress E...

    1. Duke Energy 1Q Profit Slumps on One-Time Charges

      Duke Energy (NYSE:DUK) reported a 42% drop in first-quarter profit but saw adjusted earnings surpass Wall Street's expectations.The company also said Friday that it ...

    2. Duke Energy 1Q Net Down 42% On Hefty Plant Charge

      Duke Energy Corp.'s (DUK) first-quarter earnings slumped 42% as the power company took a hefty charge for cost overruns at a coal-gasification plant.The company last...

    3. Progress Energy 1Q Net Down 18% As Mild Weather Hits Energy Sales

      Progress Energy Inc. (PGN) posted an 18% decrease in first-quarter profit as mild weather in the Carolinas resulted in significantly lower energy sales for the quart...

    4. Utilities Sector Wrap

      The Utilities sector ( XLU ) held steady on a trading day that saw S&P 500 drop 0.1%.Cheniere Energy, Inc. ( LNG ) was a significant gainer in the sector, rising 4%....

    5. Kohl's Corporation, Itau Unibanco Among Stocks Down on High Volume Thursday

      These stocks are down on high volume today:Kohl's Corporation (NYSE:KSS) saw its price drop on above-normal volume today, as 9.4 million shares have changed hands or...

    6. Duke Energy, Progress File New Market Plan For Merger

      Duke Energy Corp. (DUK) said Wednesday that it has filed a new proposal with state regulators to limit the company's influence over power markets following Duke's pr...

    7. Duke Energy Posts Lower Profit, Pursues Progress Merger Approvals

      Duke Energy Corp. (DUK) posted a lower fourth-quarter profit that beat analysts' forecasts and said it was working to obtain federal and state approvals to complete ...

    ‹ Prev12Next ›
    Freebase CC-BY
    Source: Progress Energy on Freebase, licensed under CC-BY
    Other content from Wikipedia, licensed under the GFDL