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Constellation shareholders will vote on merger Nov. 17
Constellation Energy Group said Thursday that its shareholders will meet Nov. 17 in New York to vote on the proposed $7.9 billion merger with Chicago-based Exelon Corp. In a filing […]
Proxy adviser says Murdochs should be voted off News Corp.’s board
NEW YORK — A leading shareholder advisory firm says most of News Corp.’s board, including Chairman Rupert Murdoch, should be replaced because of a phone-hacking scandal that has embroiled one […]
Neuralstem cuts loss, beats forecast
Neuralstem Inc. of Rockville, a biotechnology company, reported a second-quarter net loss attributable to common shareholders of $3.6 million, or 8 cents per diluted share, versus a net loss of […]
Fetting says Legg still has work to be done
As part of its continuing restructuring efforts, Legg Mason Inc. said Tuesday that it had laid off 180 people, about 5 percent of its workforce, at the beginning of the […]
Bank of America reports $9.1B loss in second quarter on settlement
NEW YORK — Things keep getting worse for Bank of America. On Tuesday, the largest U.S. bank reported a loss of $9.1billion during the second quarter, partly due to an […]
Shareholders sue News Corp. over hacking scandal
NEW YORK — A group of News Corp. shareholders have sued the media conglomerate over a phone-hacking scandal at its now-closed News of the World tabloid in London. The lawsuit […]
High court revives class action against Halliburton
WASHINGTON — The Supreme Court ruled Monday that Halliburton Co. shareholders can pursue a class-action lawsuit claiming the oil services company inflated its stock price. The high court overturned a […]
WaMu reaches tentative deal with shareholders
WILMINGTON, Del. — Washington Mutual Inc. has reached a tentative agreement with shareholders that could resolve their long-standing objections to the bank holding company’s proposed reorganization plan. An attorney for […]
PSC may not approve Constellation-Exelon deal until early 2012
It could be January before shareholders and executives from Constellation Energy Group and Exelon Corp. learn if their proposed $7.9 billion merger will pass muster with Maryland regulators. On Friday, […]
Week in review: 4/1/11
Grasmick plans to leave schools Maryland State Superintendent of Schools Nancy Grasmick, the nation’s longest-serving appointed state schools chief, said Wednesday that she will retire June 30 after two decades on […]
J.C. Penney closing stores
NEW YORK — J.C. Penney Co. plans to close some stores, outlets and call centers, finish closing its catalog business and add two opinionated shareholders, including activist investor William Ackman, […]
Goldman Sachs limits Facebook private offering
NEW YORK — Goldman Sachs Group Inc. has prohibited U.S. investors from participating in a private offering expected to raise up to $1.5 billion for social networking site Facebook, citing […]
