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BUSINESS
June 17, 1999 | Reuters
The Federal Energy Regulatory Commission has cleared the first foreign purchases of U.S. utilities, approving two separate deals by British firms worth a total of $12.4 billion. Scottish Power is to buy PacifiCorp of Portland, Ore., for $9.2 billion. National Grid, the world's largest privately owned transmission company, is to buy New England Electric System of Westborough, Mass., for $3.2 billion.
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BUSINESS
June 17, 1999 | Reuters
The Federal Energy Regulatory Commission has cleared the first foreign purchases of U.S. utilities, approving two separate deals by British firms worth a total of $12.4 billion. Scottish Power is to buy PacifiCorp of Portland, Ore., for $9.2 billion. National Grid, the world's largest privately owned transmission company, is to buy New England Electric System of Westborough, Mass., for $3.2 billion.
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BUSINESS
December 5, 1998 | Bloomberg News
Scottish Power, a British electric, natural gas and telephone utility, is close to an agreement to acquire PacifiCorp for $7 billion to $8 billion, in what would be the first takeover of a U.S. utility by a foreign company, the Financial Times reported. Such a deal would have to overcome a U.S. law that forbids foreign ownership of a utility company. The newspaper didn't cite sources. Portland, Ore.
BUSINESS
December 5, 1998 | Bloomberg News
Scottish Power, a British electric, natural gas and telephone utility, is close to an agreement to acquire PacifiCorp for $7 billion to $8 billion, in what would be the first takeover of a U.S. utility by a foreign company, the Financial Times reported. Such a deal would have to overcome a U.S. law that forbids foreign ownership of a utility company. The newspaper didn't cite sources. Portland, Ore.
BUSINESS
November 17, 1998 | From Times Staff and Wire Reports
The Dow Jones industrial average on Monday closed above the 9,000 mark for the first time since July, riding expectations of a Federal Reserve interest rate cut today and helped by a lessening of Mideast tensions. The Dow jumped 91.66 points, or 1%, to 9,011.25, its highest close since July 30. The broad market also advanced, though not as strongly. Winners topped losers by 16 to 14 on the New York Stock Exchange and by 21 to 19 on Nasdaq. The Nasdaq composite index rose 0.
NEWS
February 4, 2007 | Paul Haven, Associated Press Writer
Cranes, bulldozers and other heavy machinery clog nearly every road leading into Madrid, signs of the extraordinary transformation that has turned this once-poor nation into an economic power. But for Spain, one of the sweetest steps is yet to come. Three decades after the death of dictator Francisco Franco, Spain is on the verge of surpassing Italy in per capita income.
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