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BUSINESS
March 14, 2007 | From Reuters
Mitsubishi Heavy Industries has received an order for two nuclear reactors from U.S. power plant operator TXU Corp. worth $4.3 billion to $5.2 billion, a person familiar with the matter said. Such an order would mark the first time a Japanese-made reactor has been exported, and also the first time a Japanese manufacturer of nuclear reactors has won an order on its own to build a U.S. power plant.
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BUSINESS
March 14, 2007 | From Reuters
Mitsubishi Heavy Industries has received an order for two nuclear reactors from U.S. power plant operator TXU Corp. worth $4.3 billion to $5.2 billion, a person familiar with the matter said. Such an order would mark the first time a Japanese-made reactor has been exported, and also the first time a Japanese manufacturer of nuclear reactors has won an order on its own to build a U.S. power plant.
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BUSINESS
October 15, 2002 | Associated Press
TXU Corp. made another attempt to restore its financial footing, slashing its quarterly dividend by 80% and saying it would sell all or part of its European operations. Shares in the utility and energy trader fell 31%, or $5.81, to close at $12.94 on the New York Stock Exchange. TXU said it was cutting the dividend to meet the new requirements of the credit-rating firms for investment-grade credit. TXU's board of directors declared a quarterly dividend of 12.
BUSINESS
February 24, 2007 | Janet Wilson, Times Staff Writer
Private investment companies Texas Pacific Group and Kohlberg Kravis Roberts & Co. are close to a deal to buy Texas utilities giant TXU Corp. in what is expected to be the largest leveraged buyout ever, according to people familiar with the negotiations. The sale, slated to be announced Sunday, will include "not only the acquisition, but some very major announcements related to global warming," one person told The Times.
BUSINESS
February 24, 2007 | Janet Wilson, Times Staff Writer
Private investment companies Texas Pacific Group and Kohlberg Kravis Roberts & Co. are close to a deal to buy Texas utilities giant TXU Corp. in what is expected to be the largest leveraged buyout ever, according to people familiar with the negotiations. The sale, slated to be announced Sunday, will include "not only the acquisition, but some very major announcements related to global warming," one person told The Times.
BUSINESS
October 9, 2002 | From Reuters and Times Staff
Investors continue to exhibit extraordinary skittishness over the financial condition of some of the nation's biggest companies. That was hammered home for two big names Tuesday: * Shares of TXU Corp., a major energy services company, plunged as much as 39% on liquidity concerns before trading was halted, and TXU made a statement saying that its financial condition is "strong." That helped the stock rebound, though it still closed down $5.46, or 24%, at $17.18 on the New York Stock Exchange.
BUSINESS
October 16, 2006 | From the Associated Press
A building boom that would add scores of coal-fired power plants to the nation's power grid is creating a new dilemma for politicians, environmentalists and utility companies across the United States. Should power companies be permitted to build new plants that pollute more but are reliable and less expensive? Or should regulators push utilities toward cleaner-burning coal plants, even if it means they will cost more and are based on unproven technology?
BUSINESS
April 9, 2005 | From a Times Staff Writer
Edison Mission Energy, a subsidiary of Rosemead-based Edison International, said it would receive $210 million in payments stemming from a dispute with a TXU Corp. subsidiary that defaulted on an agreement to buy electricity from Edison Mission. In a filing with the Securities and Exchange Commission, Edison Mission estimated that the payments would increase net income by $90 million. * ChevronTexaco Corp. awarded a $1.
BUSINESS
January 11, 2003 | From Bloomberg News
FleetBoston Financial Corp. said it earned half as much as forecast in the fourth quarter after setting aside $800 million to cover losses from loans to companies including United Airlines parent UAL Corp. and energy trader TXU Corp.'s European unit. Net income for the bank was $300 million, or 28 cents a share, falling short of the 57-cent average estimate of analysts surveyed by Thomson First Call. In the fourth quarter of 2001, FleetBoston posted a loss of $507 million.
BUSINESS
April 2, 2007 | From Reuters
Kohlberg Kravis Roberts & Co. is in talks to buy payment processor First Data Corp. for $25.6 billion in what would be the second-largest private equity transaction ever, a person familiar with the matter said. A deal could be announced as early as today, the source said. At $34 a share, the proposal represents a 26% premium to First Data's closing price Friday of $26.90 a share. KKR declined to comment. A spokeswoman for First Data, based in Greenwood, Colo., could not be reached for comment.
BUSINESS
October 16, 2006 | From the Associated Press
A building boom that would add scores of coal-fired power plants to the nation's power grid is creating a new dilemma for politicians, environmentalists and utility companies across the United States. Should power companies be permitted to build new plants that pollute more but are reliable and less expensive? Or should regulators push utilities toward cleaner-burning coal plants, even if it means they will cost more and are based on unproven technology?
BUSINESS
October 15, 2002 | Associated Press
TXU Corp. made another attempt to restore its financial footing, slashing its quarterly dividend by 80% and saying it would sell all or part of its European operations. Shares in the utility and energy trader fell 31%, or $5.81, to close at $12.94 on the New York Stock Exchange. TXU said it was cutting the dividend to meet the new requirements of the credit-rating firms for investment-grade credit. TXU's board of directors declared a quarterly dividend of 12.
BUSINESS
October 9, 2002 | From Reuters and Times Staff
Investors continue to exhibit extraordinary skittishness over the financial condition of some of the nation's biggest companies. That was hammered home for two big names Tuesday: * Shares of TXU Corp., a major energy services company, plunged as much as 39% on liquidity concerns before trading was halted, and TXU made a statement saying that its financial condition is "strong." That helped the stock rebound, though it still closed down $5.46, or 24%, at $17.18 on the New York Stock Exchange.
BUSINESS
March 3, 2007 | From the Associated Press
Federal regulators charged Friday that unknown investors pocketed more than $5.3 million in illegal profits from insider trading before TXU Corp. announced that it had agreed to be sold for $32 billion. The Securities and Exchange Commission said the insider trading was done through foreign brokerage firms to conceal the investors' identities.
BUSINESS
February 27, 2007 | Janet Wilson and Peter Nicholas, Times Staff Writers
In a plan to curb global warming, five governors from Western states agreed Monday to work together to set a regional cap this year on carbon dioxide emissions, and join forces in a market-based emissions trading program within 18 months. The agreement came as the largest utility in Texas, TXU Corp.
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