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Search resuls for: "Electric Power Co"


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☆ Asia's energy supply looks secure — even as Europe scrambles
  + stars: | 2022-10-21 | by ( Su-Lin Tan | ) www.cnbc.com   time to read: +4 min
On Tuesday, the EU steered away from a proposed price cap on Russian gas as it laid out new measures to tackle high energy prices. Overall LNG imports fell 7% year-on-year. Overall LNG imports fell 7% year-on-year. The decrease in LNG imports for Japan, Pakistan and India were 17%, 73% and 22% respectively, the IEA said. However, there is a clear increase month on month of coal power generation," IEEFA energy finance analyst Ghee Peh said.
☆ Exclusive: Toshiba's preferred bidder offers price short of key 6,000 yen a share, sources say
  + stars: | 2022-10-18 | by ( Makiko Yamazaki Takaya Yamaguchi | Makiko Yamazaki | Takaya Yamaguchi | ) www.reuters.com   time to read: +3 min
The logo of Toshiba Corp is displayed atop of the company's facility building in Kawasaki, Japan, June 24, 2022. JIP's initial offer was below 6,000 yen per share, the two sources told Reuters, putting the value of a potential tender offer at less than 2.6 trillion yen ($17.5 billion). Investors have considered 6,000 yen to be a key threshold. During a strategic review last year, at least one global private equity firm told Toshiba's review committee that a deal to take the conglomerate private could be done at 6,000 yen a share or more. In Japan, the court-led rehabilitation of auto parts supplier Marelli Holdings Co Ltd - owned by U.S. private equity firm KKR & Co Inc (KKR.N) - has turned banks cautious about terms for financing leveraged buyouts, private equity sources said.
☆ As market volatility persists, Wall Street analysts say to sell these stocks
  + stars: | 2022-10-17 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +3 min
Seven of the stocks — all part of the MSCI World Index — have analysts' price targets below their current share price, according to FactSet data. Equity analysts at investment banks and research firms rate stocks as sell or underweight if they believe the shares will perform poorly over the next 12 months. Analysts' median price target for AMC is 57.5% below the current share price, FactSet data shows. Wedbush Securities analyst Alicia Reese downgraded AMC from $4 to $2 but believes the company has long-term potential at her price target. Clorox Analysts' average price target on Clorox is just 1.4% below the current share price, but 11 out of 14 analysts covering the stock give it a sell or underweight rating.
☆ Toshiba shares jump on report of possible $19 bln buyout
  + stars: | 2022-10-13 | by ( Sam Byford Takaya Yamaguchi | Sam Byford | Takaya Yamaguchi | ) www.reuters.com   time to read: +3 min
TOKYO, Oct 13 (Reuters) - Shares in Toshiba Corp (6502.T) surged on Thursday following a report that a domestic investor-led group was looking at a $19 billion bid in a deal that could lead to foreign activist shareholders being bought out after years of tension. A consortium led by private equity firm Japan Industrial Partners has been given preferred bidder status in the second round of bidding, a source familiar with the matter told Reuters. Register now for FREE unlimited access to Reuters.com RegisterJapan Industrial Partners has contacted multiple Japanese firms, sources have said. Japan Industrial Partners declined to comment. Toshiba and activist shareholders have been at odds over the direction of the company, with several large foreign funds pushing the conglomerate to consider private equity bids.
☆ Toshiba shares surge following report of $19 bln buyout bid
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: +1 min
TOKYO, Oct 13 (Reuters) - Shares in Toshiba Corp (6502.T) jumped about 9% in early trading on Thursday following a report that a domestic-led consortium is looking to buy the Japanese conglomerate for 2.8 trillion yen ($19.1 billion). News agency Kyodo reported on Wednesday that a group of firms led by Japan Industrial Partners, a domestic private equity group, had made the bid, which marked a premium of around 26% from Wednesday's closing price. The group, which includes Chubu Electric Power Co (9502.T), had received the right of first refusal in its bid for Toshiba, the Nikkei business daily reported. Shares of Toshiba were up 8.5% at 5,566 yen in morning trade in Tokyo, putting them on track for their biggest one-day gain in more than a year. ($1 = 146.7700 yen)Register now for FREE unlimited access to Reuters.com RegisterReporting by Sam Byford; editing by David Dolan and Richard PullinOur Standards: The Thomson Reuters Trust Principles.
☆ Japan Industrial Partners-led group looking to buy Toshiba for $19 bln -Kyodo
  + stars: | 2022-10-12 | by ( ) www.reuters.com   time to read: +1 min
TOKYO, Oct 12 (Reuters) - The consortium of mostly domestic firms led by Japan Industrial Partners (JIP) is looking to buy Toshiba Corp (6502.T) for 2.8 trillion yen ($19.13 billion), Kyodo reported on Wednesday citing unnamed sources. The reported acquisition price marks a premium of about 26% from Toshiba's current market value of 2.22 trillion yen. Register now for FREE unlimited access to Reuters.com RegisterJIP's consortium will put up about 1 trillion yen and likely borrow the rest from financial institutions, Kyodo reported. It said the price could still change depending on Toshiba's share price and valuation premium. Asked about the report, a Toshiba spokesperson said the company could not comment on candidates as doing so could undermine fair process.
☆ These stable value stocks are holding up this year and pay solid dividends
  + stars: | 2022-09-25 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
After a vicious week for stocks CNBC Pro found some stable value names that pay healthy dividends to help traders bolster their portfolios. With this in mind, CNBC Pro screened the Russell 1000 value index for stocks that could help investors find income and gain some stability. The stock also has a low three-year beta of 0.7. What's more, the company pays a 3.4% dividend yield, offering investors some income as well as stability. It has a low three-year beta of 0.7.
☆ At U.N., Micronesia denounces Japan plan to release Fukushima water into Pacific
  + stars: | 2022-09-22 | by ( ) www.reuters.com   time to read: +4 min
A worker, wearing protective suits and masks, takes notes in front of storage tanks for radioactive water at Tokyo Electric Power Co's (TEPCO) tsunami-crippled Fukushima Daiichi nuclear power plant in Okuma town, Fukushima prefecture, Japan February 10, 2016. REUTERS/Toru HanaiUNITED NATIONS, Sept 22 (Reuters) - The president of the Pacific island state of Micronesia denounced at the United Nations on Thursday Japan's decision to discharge what he called nuclear-contaminated water from the Fukushima Daiichi Nuclear Power Station into the Pacific Ocean. Japan said in July that its nuclear regulators had approved a plan to release into the Pacific ocean water used to cool reactors in the aftermath of the March 2011 Fukushima disaster. Panuelo also highlighted the threat posed by climate change, to which Pacific island states are particularly vulnerable. He called on geopolitical rivals the United States and China to consider it "a non-political and non-competitive issue for cooperation."
☆ Duke Energy is one of the top leakers of a gas that is 25,000 times more polluting than carbon dioxide, EPA records show
  + stars: | 2022-09-21 | by ( Phil Mckenna | Inside Climate News | ) www.nbcnews.com   time to read: +22 min
The emissions were equal to the annual greenhouse gas emissions of more than 59,000 automobiles, according to the EPA’s greenhouse gas equivalency calculator. Under such a scenario Duke Energy would likely have years of low emissions punctuated by a single year of high emissions. While other utilities have participated for decades in a voluntary program with the EPA to reduce SF6 emissions to next to nothing, Duke Energy has not. Brooks said Duke Energy is also targeting its most leaky equipment for faster replacement. The figure is roughly half of 1% of all greenhouse gas emissions worldwide, far smaller than yearly emissions of carbon dioxide, the primary driver of climate change.
☆ Samsung climate inertia is by-product of Seoul's
  + stars: | 2022-09-20 | by ( Robyn Mak | Thomson Reuters | Robyn Mak Joined Reuters Breakingviews In Previously | ) www.reuters.com   time to read: +4 min
REUTERS/Steve Marcus - RC28BE9D5MZ7HONG KONG, Sept 20 (Reuters Breakingviews) - Seoul's foot-dragging on climate change is holding back Korea Inc. Last week the country's top conglomerate, Samsung Electronics (005930.KS), unveiled an underwhelming net-zero carbon emissions target. Most of that is probably from electricity for factories in South Korea, where renewable power is scarce. Yet President Yoon Suk-yeol's administration plans to lower its renewable-energy target for 2030, favouring nuclear power instead. The company has also joined RE100, a group of global corporations including Apple, Intel and TSMC that are committed to using 100% renewable energy across their own operations. Renewable energy will account for 21.5% of generation capacity by 2030, down from the previous target of 30.2%.
☆ Chubu Electric joins all-Japan Toshiba buyout consortium
  + stars: | 2022-09-17 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterThe logo of Toshiba Corp. is displayed atop of the company's facility building in Kawasaki, Japan June 24, 2022. REUTERS/Issei KatoTOKYO, Sept 18 (Reuters) - Chubu Electric Power Co (9502.T) said on Sunday it is joining private equity firm Japan Industrial Partners (JIP) in conducting due diligence for a potential buyout of Japanese conglomerate Toshiba Corp (6502.T). JIP has contacted more than 10 companies including Chubu Electric, Orix Corp (8591.T) and Central Japan Railway Co (JR Central) (9022.T) to participate in its consortium, the Nikkei newspaper reported on Sunday. Toshiba said it does not comment on candidates for the potential buyout. JR Central did not immediately respond to a request for comment.
☆ Newly unsealed indictment accuses three Iranian nationals of ransomware attacks against hundreds of U.S. victims
  + stars: | 2022-09-14 | by ( Christina Wilkie | ) www.cnbc.com   time to read: +4 min
Several hours after the Justice Department unsealed the indictments, the Treasury Department announced new sanctions against 10 Iranian nationals and two Iranian tech companies. Treasury officials described all 10 of the sanctioned individuals as "affiliated with Iran's Islamic Revolutionary Guard Corps." The IRGC is an elite branch of the Iranian military that oversees Iran's international cyber warfare and espionage operations. According to a notice from the Treasury Department, this particular group of Iranians is not obviously aligned with one of the existing IRGC proxy gangs. The Justice Department has struggled for decades to convince institutional victims of cyberattacks that they would be better served by reporting the attack than by covering it up.
☆ Anthony Gonzalez snags GoodRx, Marie Newman sells Moderna, Gary Peters buys fossil fuel burners
  + stars: | 2021-04-26 | by ( Dave Levinthal | ) www.businessinsider.com   time to read: +8 min
Newman sells ModernaLast week, Insider reporters Kimberly Leonard and Warren Rojas profiled the stock trades of Rep. Marie Newman, a freshman Democrat from Illinois, and her husband. On Wednesday, Newman reported that she or her husband made additional stock trades in January. And he and his wife last week reported making dozens of different stock trades and financial moves during March. Rep. Josh Gottheimer, a Democrat from New Jersey, made more than 60 stock trades during March. Rep. John Yarmuth, a Democrat from Kentucky, meanwhile made nearly 20 stock trades during March.
☆ Gary Peters hates global warming. But the Democratic senator just invested in a coal-fired power company.
  + stars: | 2021-02-03 | by ( Dave Levinthal | ) www.businessinsider.com   time to read: +5 min
Michigan Democratic Sen. Gary Peters purchased up to $15,000 American Electric Power Company Inc. stock on January 15. American Electric Power Company generates 73% of its power from fossil fuels, including 45% from coal. Peters, who last month became chairman of the Democratic Senatorial Campaign Committee, made the stock purchase on January 15, his disclosure indicates. American Electric Power Company spokesperson Tammy Ridout declined to comment on Peters' stock purchase, saying," We don't comment on individual shareholders' investments." Peters' stock purchase of American Electric Power Company isn't his first energy company investment.
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