June 22, 1999 |
Sempra Energy and KN Energy Inc. said they mutually decided to terminate their merger agreement because "it became clear that the combined company would not be able to realize the business objectives that they originally anticipated." Sempra, the San Diego-based parent of Southern California Gas and San Diego Gas & Electric, agreed in February to pay nearly $2 billion in stock and cash for KN Energy of Lakewood, Colo.
February 22, 1999 |
Sempra Energy will announce today that it has agreed to buy the nation's second-largest natural gas pipeline operator for nearly $2 billion in stock and cash, a deal that would vault little-known Sempra of San Diego into the top ranks of energy services companies. The boards of Sempra and KN Energy Inc. of Lakewood, Colo., voted late Friday to approve the deal, which the two companies valued at a total of $6 billion, including the assumption of debt.
July 13, 1999 |
Some of the new or revised stock ratings issued Monday on Wall Street: * Dell Computer Corp. (ticker symbol: DELL; close and change: $43.63, up 81 cents) was raised to "strong buy" from "buy" by SG Cowen, with a 12-month target of $55. * Eastman Kodak (EK; $72.81, up $1.69) was raised to "buy" from "hold" by Warburg Dillon Read, with a target of $84. * ESPS Inc. (ESPS; $12.25, up $3) was rated "buy" in new coverage by Hambrecht & Quist; "strong buy" in new coverage by U.S.
March 11, 1989 |
The ETSI Pipeline Project, a consortium led by Texas Eastern Corp., said Friday that a court had awarded it more than $1 billion in a lawsuit it brought against Santa Fe Southern Pacific Corp. charging that the railroad tried to stop a $3-billion coal slurry pipeline. The ETSI consortium, which includes the Bechtel Group, Enron Corp. and KN Energy Inc.
August 24, 1999 |
Momentum investing appears to have pretty good momentum. Nine of the top 15 stocks from The Times' last Power Ratings, published June 29, have gained ground. And despite some big losers, the momentum-oriented portfolio has outperformed the blue-chip Standard & Poor's 500 index, gaining 7.7% on average in the last eight weeks, versus 2.2% for the benchmark. The best performers have been Harmonic Inc.
January 27, 1999 |
Occidental Petroleum Corp., the 13th-largest U.S. oil company, on Tuesday reported a slightly better-than-expected loss in the fourth quarter after being battered by low profit margins on chemical sales and oil prices that hit 12-year lows. The Los Angeles-based company's loss before gains and charges was $35 million, or 11 cents a share, after payment of preferred dividends, compared with profit before charges of $99 million, or 23 cents, in the fourth quarter of 1997.