Natural gas distributor Laclede Group Inc is buying two utilities from Energy Transfer Equity LP for $1 billion, doubling its customer numbers and boosting its exposure to more stable state-regulated income.More than 91 percent of Laclede's earnings will come from rate-regulated business after the acquisition of Missouri Gas Energy and New England Gas Co, owned by Energy Transfer's affiliate,...
Laclede to double customers in $1 billion deal with Energy Transfer
Labels: Business Natural gas distributor Laclede Group Inc is buying two utilities from Energy Transfer Equity LP for $1 billion, doubling its customer numbers and boosting its exposure to more stable state-regulated income.More than 91 percent of Laclede's earnings will come from rate-regulated business after the acquisition of Missouri Gas Energy and New England Gas Co, owned by Energy Transfer's affiliate,...
Sun Life sells U.S. annuity business, shares drop
Labels: Business Sun Life Financial Inc will sell its U.S. annuity business for $1.35 billion to a firm connected to Guggenheim Partners in a deal that should reduce the exposure of the insurer's earnings to market swings and boost its cash levels.While the deal could bring long-term benefits to Sun Life, whose earnings have been derailed by wild market swings during recent years, investors pulled the company's...
FactSet forecasts second-quarter results largely below estimates, shares fall
Labels: BusinessFactSet Research Systems Inc reported lower-than-expected first-quarter revenue, and the financial information provider forecast current-quarter results largely below estimates as banks and brokerages cut costs.FactSet shares fell 5 percent before the bell on Tuesday.The company, which provides data to portfolio managers, research analysts and investment bankers, forecast second-quarter earnings of...
Jefferies results beat estimates on higher fixed-income revenue
Labels: Business(Reuters) - Jefferies Group Inc reported a higher-than-expected adjusted quarterly profit as the investment bank benefited from higher earnings from its fixed-income unit, and said its business expansion in Asia has started delivering.The midsized investment bank has been expanding in China and India and recently poached bankers from the Royal Bank of Scotland to expand its business in China.Jefferies...
Jan
02
Facebook Shrugs Off Instagram's New Class Action Lawsuit
Labels: TechFor Instagram, there's good news and there's bad news about the class action lawsuit just filed against them. Bad news first: Somebody just filed a class action lawsuit. Good news: the lawyers from Instagram's parent company, Facebook, have plenty of practice getting rid of these pesky things. That might explain why they're so dismissive about the legal inconvenience a group of disgruntled Instagram...
How 'Doctor Who' Kept Its Big Christmas Secret Off Twitter
Labels: TechTonight Doctor Who fans get to gorge on their annual Christmas fix -- a full-length special episode the series has produced every year for the holiday since 2005. This time, however, there's some extra spice in the form of a new regular cast member: Jenna-Louise Coleman debuts in "The Snowmen" as the Doctor's next companion.Except it's not her debut. Coleman actually made her first appearance in the...
Facebook in 2012: A Billion Users and Counting
Labels: TechFacebook is the most popular social network on the planet. It celebrated its eighth birthday on Feb. 4, 2012. Although Facebook has only been around since 2004, it certainly seems like much longer.For many of us, it feels like we've grown up habitually checking to see who has liked our photos and commented on our status updates. We love to use it. Sometimes we hate ourselves for loving it so much....
Jessica Simpson's Christmas tweet seems to confirm pregnancy rumor
Labels: Tech Actress, singer and fashion designer Jessica Simpson sent a Christmas Twitter message that apparently confirms media rumors that she is pregnant - showing a photo of her daughter Maxwell with the words "Big Sis" spelled out in sand.The picture's caption reads "Merry Christmas from my family to yours."Simpson had her first child, Maxwell Drew Johnson, in May. She has since become a spokeswoman...
New laws at a glance: Eyedrops, brakes, Facebook
Labels: TechAs 2013 begins, many states are enacting new laws dealing with gay rights, child safety, abortion, immigration and other perennial concerns. Some other topics states are dealing with in new laws:ANIMAL WELFAREPennsylvania will prohibit use of carbon monoxide chambers to destroy animals at shelters and will make it easier for shelters to get drugs for a more humane method. Activists say animals are...
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