Duke Energy’s decision to dismantle a Florida nuclear power plant rather than undertake the costliest- ever U.S. atomic repair shows how rapidly cheap natural gas is remaking the U.S. power industry, hastening a shift from traditional fuels such as coal and uranium.
A damaged Florida nuclear plant that spurred a boardroom coup at Duke Energy Corp. in July risks getting scrapped unless the power company can justify spending more than $1.3 billion on the costliest-ever U.S. atomic repair.
Barton Biggs , the hedge-fund manager who bought stocks when the market bottomed in 2009, said there needs to be a change in government in Syria before he invests in the country after popular unrest escalated this year.
AT&T Inc. Chief Executive Officer Randall Stephenson is to testify at a May 11 congressional hearing into the company’s proposed purchase of T-Mobile USA Inc., according to a news release from the U.S. Senate.
A gauge of U.S. corporate debt risk rose for the first time in three days as Spanish bond yields climbed above 7 percent, dimming optimism that a pro-bailout victory in Greece will stave off the sovereign-debt crisis.
The growing failure of European monetary union can’t be measured by superficial yardsticks such as the number of tiny euro-area economies at risk of meltdown or of monthly turbulence in currency markets. The main development has been the dashing of hopes for monetary stability.