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Business

Wall Street Likes Facebook's Earnings

Major Moves Sometimes the market makes big moves during market hours (between the opening bell at 9:30 am and the closing bell at 4:00 pm Eastern Time). During the earnings season, however, most of the big moves seem to happen during off hours when the market is closed. Facebook, Inc. (FB) shares made a major move last night after the …

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House Town House, Heat Restored To Princeton Residents – WCCO

MINNEAPOLIS (WCCO) – Finally, Xcel Energy has informed their natural gas customers to lower their thermostat to 63 degrees after some families north of the Twin Cities woke up in hotel rooms on Thursday morning. Xcel's natural gas service did not work for 152 homes in Princeton because of the extreme cold. Xcel Energy went from dinner to door and …

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Why a short-term hedge fund says the PG & E store goes to zero

A Butte County firefighter looks at burnt properties in Paradise, California, November 14, 2018 Photo by Josh Edelson / AFP / Getty Images Text size MIAMI – Bankruptcy Shares in California PG & E (PCG) has gone up, but this investor says it's based on false hope. George Schultze, founder of distressed investor Schultze Asset Management, who has around $ …

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Consumer Energy emergency alert to lower heat averts crisis

CLOSE Video taken from home in Ray Township shows fire and explosion at Consumer Energy Compressor Station.      Paul Kacanowski, Special to Free Press Consumers Energy wants to be thermostats dialed down through Friday. That late-night text message plea to turn down your thermostat worked, reducing peak demand for gas and preventing possible shut- down. Offs, Consumers Energy President and …

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Polar vortex, four leaves Midwest utilities asking customers to turn down thermostats amid bitter blast

Record-breaking cold from the polar vortex, combined with a fire at a gas compressor station in Michigan, causing utility companies in the Midwest to ask customers to turn thermostats down, even as bitter conditions drag on. The blaze at the Consumers Energy natural gas compressor station north of Detroit on Wednesday prompted Michigan Gov. Gretchen Whitmer to ask all residents …

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Robert Swan Named CEO of Intel

Intel today announced that its board of directors had named Robert Swan, its CFO and interim CEO, as full-time chief executive officer. Mr. Swan will be the company's first CEO with financial background. As the head of the company, Mr. Swan will continue Intel's transformation from a PC-centric to a data-centric company with a focus on improving execution and aggressive …

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