Alliant Subsidiary purchases Riverside Energy Center From Calpine
- Details
- Category: Acquisition
In the press release issued on 18 May 2012, Wisconsin Power and Light Company (WPL), a subsidiary of Alliant Energy Corporation (NYSE:LNT), announced that it exercised its option to purchase Riverside Energy Center, LLC, from Calpine Corporation (NYSE:CPN). This transaction took place subsequent to the approval of the purchase by the Public Service Commission of Wisconsin (PSCW). The deal is worth USD 392 million, and is subject to further approval by the Federal Energy Regulatory Commission (FERC). Post the purchase of the company.
The company, Wisconsin Power and Light (WPL), is interested in retaining the current employees of Riverside for smooth ownership and operating transition.
Visa Makes Public DoJ Demand For Pricing Structure Info
- Details
- Category: Lawsuit/Investigation
In the 10Q document filed by Visa Inc with the SEC on 2nd May 2012, the company has divulged that it had received a Civil Investigative Demand (CID) on March 13, 2012 from the U.S. Department of Justice (DoJ), which sought documents and information pertaining to possible violation by Visa of Section 1 or 2 of the Sherman Act (antitrust law), 15 U.S.C. 1, 2. The CID was issued by the DoJ on March 13, 2012. Through the CID, the DoJ is seeking information on Visa's PIN-authenticated debit card products and its Fixed Acquirer Network Fee.
Schlumberger Declares Q1 2012 Earnings
- Details
- Category: Dividend
Schlumberger Limited (NYSE:SLB) declared its dividend for Q1 2012 of USD 0.275 per share of outstanding common stock on April 20th, 2012. The dividend declaration is on the back of revenue of USD 10.61 billion, which is USD 1.89 billion more than the same quarter of 2011, but is less compared to Q4 2011 by USD 0.36 billion. Diluted EPS works out to USD 0.98, compared to USD 1.11 in Q4 2011.
Coca Cola Q1 2012 Results
- Details
- Category: Earnings
Coca Cola Company announced its Q1 2012 financial results on April 2012. The company has reported a net rise in operating revenue of 6% compared to Q1 2011, touching USD 11.137 billion, leading to an operating income of USD 2.509 billion and operating margin of 22.5%. The EPS works out to USD 0.89. cash from operations jumped by 8% compared to the same quarter last year, with the result that the company is sitting on a cash and cash-equivalent pile of USD 10.664 billion as of close of March 30, 2012.
