Surges in Energy Prices Examined After Power Failure

Article Abstract:

The massive Aug. 14, 2003 Northeast, Midwest and Canadian power failure is having?an economically frenzied impact?on electric utility prices the day after the blackout, but?energy trading finances are expected to return? to normal as power is restored throughout the affected regions. Those with the most significant economic clout are financial services firms, such as Goldman Sachs, Morgan Stanley and Citigroup, which have extensive investments in power plants and play key roles as energy traders. Controlling electric power assets of their own helps to offset major costs after a power failure.

Electric Utilities, Electric Power Generation, Transmission and Distribution, Public affairs, Electric services, Public relations, Company public relations, Power failure, Power failures, Northeast Blackout, 2003

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From China, A New Bid For Maytag And Status

Article Abstract:

The Chinese appliance manufacturer the Haier Group, backed by Bain Capital and the Blackstone Group, is attempting to purchase the Maytag Corporation in order to market to Europe and North America.

China, Acquisitions & mergers, Marketing procedures, Alliances, partnerships, Household Appliances, Global Marketing, Mergers, acquisitions and divestments, Company acquisition/merger, Home appliances industry, Appliance industry, Alliances and partnerships, Maytag Corp., International marketing, Ripplewood Holdings L.L.C., Qingdao Haier Refrigerator Company Ltd., Bain Capital Inc., Blackstone Group L.P.

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Growing Signs Of a Slowing On Wall Street

Article Abstract:

The investment industry may be facing a downturn as trading revenues are falling and new banking deals and initial public offerings are in short supply.

Sales, profits & dividends, Forecasts, trends, outlooks, Forecasts and trends, Market trend/market analysis, Company sales and earnings, Wall Street, Company earnings/profit, Stock markets, Stock market, Industry forecasts

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