June 6, 2002 |
Shares of Williams Cos., Avista Corp. and El Paso Electric Co. suffered big losses Wednesday, the day after federal regulators threatened to revoke the power-trading licenses of the three companies. Shares of other power companies also were hard hit, continuing a dismal stretch for an industry under investigation by regulators and suffering harsh scrutiny by credit rating agencies.
June 6, 2002 |
Citadel Broadcasting Corp., the sixth-largest U.S. radio broadcaster and Forstmann Little & Co.'s biggest acquisition, filed Wednesday to raise $575 million in an initial stock offering amid rising prices for radio stocks. Citadel didn't specify the number of shares to be sold or any price per share in a filing with the SEC. The offering will be managed by Goldman Sachs Group Inc. (GS) and Credit Suisse First Boston. Forstmann Little, the third-largest leveraged buyout firm, paid $2.
March 28, 2000 |
A federal judge ruled Monday that a longtime ally of Ross Perot is the legitimate head of the Reform Party, settling a contentious dispute that had threatened to destroy the organization in recent months. Economist Pat Choate, who ran as the party's 1996 vice presidential candidate with Perot, claimed undisputed control over the party as a result of the ruling by U.S. District Judge Norman K. Moon in Virginia.
July 26, 1999 |
Jesse Ventura, the former pro wrestler who was elected governor of Minnesota last year on the Reform Party ticket, wrested control of the party apparatus Sunday from its founder, Ross Perot, at the group's national convention. Jack Gargan, a retired chicken farmer and onetime tennis court caretaker backed by Ventura, won a three-way contest for the party chairmanship and immediately vowed to turn the independent organization into more than the party of Perot.
July 25, 1999 |
Reform Party founder Ross Perot urged his party Saturday night to remain united and continue to fight for a balanced budget, term limits and campaign reform. Perot didn't say whether he is interested in seeking his party's nomination for a third presidential run. But many waved Perot placards and hooted with approval during his 40-minute campaign-style speech at the party's national convention here.
February 3, 1999 |
Former presidential candidate H. Ross Perot has a new attention-grabbing chart to show the public: a one-day return of 172% that added $800 million to the Texan's net worth. Perot's Dallas-based Perot Systems gained that much Tuesday after going public at $16 a share, driven by the popularity of high-technology stocks and the chief executive's reputation as an astute, if unusual, businessman. Shares in the computer services company closed at a lofty $43.50 on the NYSE, putting a $1.