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April 10, 2001 | Associated Press
German utility E.On said it agreed to buy British rival Powergen for $7.4 billion in a bid to become the world's second-largest power company and gain a foothold in the U.S. electricity market. E.On will also assume about $6.4 billion in debt from Powergen, Britain's third-largest power generator. If the plan clears regulatory hurdles, E.On will become a transatlantic giant, with 30 million customers and electricity sales of 323 billion kilowatt hours, moving ahead of American Power Co.
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BUSINESS
April 10, 2001 | Associated Press
German utility E.On said it agreed to buy British rival Powergen for $7.4 billion in a bid to become the world's second-largest power company and gain a foothold in the U.S. electricity market. E.On will also assume about $6.4 billion in debt from Powergen, Britain's third-largest power generator. If the plan clears regulatory hurdles, E.On will become a transatlantic giant, with 30 million customers and electricity sales of 323 billion kilowatt hours, moving ahead of American Power Co.
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NEWS
February 3, 1999 | BOOTH MOORE
Tom Hanks and Meg Ryan make cyber courtship look easy in the film "You've Got Mail." But writer beware: The e-love note you send this Valentine's Day may get you a date, but it could also derail your career. "Write an e-valentine--or any personal e-mail--on company time and you could find yourself in violation of your organization's e-mail policy and out of work," cautions Nancy Flynn, a corporate writing coach.
BUSINESS
November 18, 1994 | TOM PETRUNO
Takeover talk is again riling the stocks of the two biggest casino companies based in Los Angeles. But investors who've played at this table before may sense that the odds of closing a deal soon are no better than even. On Thursday, Hilton Hotels Corp. officially put itself up for sale again, a move that had been rumored all year but that still sparked a buying rush in the stock. Hilton shares rocketed $10 to $67.875 on the NYSE. Meanwhile, Caesars World Inc. shares jumped $1.625 to $43.
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