FirstEnergy to acquire GPU for 4.5 billion in cash and stock
Akron based FirstEnergy Corp will buy GPU Inc in a 4.5 billion deal financed with cash and stock. The union merges two major electric utilities serving Ohio, Pennsylvania, and New Jersey, creating a large investor owned utility with about 4.3 million customers. The arrangement includes assuming roughly 7.4 billion in GPU debt and awaits shareholder and regulator approvals.
MENTIONED IN THIS ARTICLE
FirstEnergy
Akron
Ohio
FirstEnergy Corp
GPU Inc
Pennsylvania
New Jersey
GPU
New York Stock Exchange
Ohio Edison Co
Pennsylvania Power Co
Cleveland Electric Illuminating
Advantica narrows loss by reducing restaurant holdings
Spartanburg AP Advantica Restaurant Group lowers its second quarter net loss to 19.5 million dollars or 49 cents per share. The figure is less than half of the 41.2 million dollars or 1.03 per share recorded a year earlier as the company reduces holdings in restaurant operations apart from its Denny's portfolio.
MENTIONED IN THIS ARTICLE
Spartanburg
Denny's
Advantica Restaurant Group
Holy Ghost Tent Revival at Full Gospel Center
The Full Gospel Redemption Center in Bath hosts a tent revival from August 10 to 19 at the corner of Anthony Drive and U.S. 1. Services start 7:30 p.m. nightly with diverse speakers including Mike Ferree and H. Richard Hall, aiming to reach souls and serve all denominations.
MENTIONED IN THIS ARTICLE
Full Gospel Redemption Center
Helly
Holy Ghost
Anthony Drive
U.S. 1
Bath
Chris Williams
Bible Faith Independent Holiness Church
Mike Ferree
H. Richard Hall
Ferree
CBS
United Christian Ministerial Association
Cleveland
Tenn
Hall
William Brannon
Oral Roberts
Saturda
Williams
God
New Ellenton
Illiams
Williams Ble
Lakeside
IMF chief vows to refocus on core missions
IMF Managing Director Horst Koehler pledges reform to sharpen focus on economic crisis response and stability to prevent spillover effects. He agrees World Bank should lead poverty fighting and cites lessons from the 1997-98 Asian crisis about market dynamics and global financial oversight.
MENTIONED IN THIS ARTICLE
IMF
Horst Koehler
The
World Bank
Washington
Koehler
National Press Club
Also Mentioned on This Page
Ssociated Press
Morristown
N.J
First Energy
Advantica
Richlan
Hendy
Calvary
Pine Heights Rd
Langley
Langley Post Office
Porky
DeVoe Ea
Jewelry
Aiken
Karen Reed
Baptist
Piney Heights Road
Langle Williams
Associated Press
International Monetary Fund
TheValue Hardware
Maytag
Appu Historic District
Seamer
Aiken Chiropractic Associates
Chiropractic
Jay W. Rising
SC Medicaid
Is St, NW
WOW HeterStepa
Herbal Solutions
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