Highlights
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Baltimore: America's biggest branch town
The name "Constellation Energy" will still be around. The energy trading firm will still be doing much the same thing it ever has in a large, new building on Baltimore's waterfront. It will have somewhat fewer employees, but it will, at least for the next...Tags: Annapolis, Al Gore, New York City, Seaboard Corporation, Under Armour Inc.
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Are Romney-Buffett taxes truly that low? Yes
The Web economics argument of the day is whether Romney's and Warren Buffett's tax rates are really 15 percent or lower. Last night Obama reiterated Warren Buffett's argument that Buffett's tax rate is lower than that of Buffett's secretary. Mitt Romney's...Tags: Companies and Corporations, Companies and Corporations, Mitt Romney, Warren Buffett, Shareholders
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Stop the latest backdoor stimulus
In 2009, President Barack Obama lifted the $400 billion cap off the bailout money that Freddie Mac and Fannie Mae could pass on to the taxpayers. Apparently, $400 billion wasn't enough. Fannie and Freddie are publicly owned. You and I own them and all the...Tags: Democratic Party, Companies and Corporations, Freddie Mac, Homes, Fannie Mae
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Constellation seals deal for its sale
Constellation Energy Group sealed an agreement yesterday allowing Warren Buffett's MidAmerican Energy Holdings to buy the company for $4.7 billion, even as the Baltimore firm's largest shareholder was reported to be weighing a higher bid for the company....Tags: Inner Harbor, Bloomberg L.P., Sales, Des Moines (Polk, Iowa), Credit Ratings
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CEG, MidAmerican file for deal approval
Baltimore's Constellation Energy Group and MidAmerican Energy Holdings Co. said yesterday that the two companies filed an application with the Federal Energy Regulatory Commission requesting approval of their proposed $4.7 billion deal. Warren Buffett's...Tags: Nuclear Power, Companies and Corporations, Regulatory Policy and Organizations, Antitrust Issues, Warren Buffett
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Constellation deal still on
Warren E. Buffett's MidAmerican Energy Holdings Co. said yesterday that it is moving forward with a planned $4.7 billion acquisition of Baltimore-based Constellation Energy Group after completing a review of the BGE parent's retail and wholesale...Tags: NYSE, Stock Market, Contracts, Corporate Officers, MidAmerican Energy Holdings Company
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Constellation to lay off more than 800 workers
Constellation Energy Group Inc. will lay off as much as 8 percent of its work force, or more than 800 people, mostly from the commodities trading division that propelled the company to the brink of bankruptcy this year and forced it into a proposed...Tags: Layoffs and Downsizing, Market and Exchange, Regulatory Policy and Organizations, Bankruptcy, Unemployment
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Constellation Energy replaces CFO
The Associated PressConstellation Energy Group Inc. said today its chief financial officer is stepping down and it will promote the treasurer to replace him. The company said CFO John R. Collins has stepped down and will take an advisory role in the company's merger with...Tags: Companies and Corporations, Energy Partners Limited, Deutsche Bank AG, Corporate Officers, Warren Buffett
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Buffett denies knowledge of suspect deals with AIG
Los Angeles TimesNEW YORK - Uncharacteristically on the defensive, billionaire Warren E. Buffett denied yesterday having been briefed on suspect transactions between a unit of his Berkshire Hathaway Inc. and insurance giant American International Group Inc. Buffett, long...Tags: U.S. Department of Justice, American International Group, Corporate Officers, Eliot Spitzer, Lawyers
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Greenberg quitting AIG post today or tomorrow
From Wire ReportsAmerican International Group Inc. is moving closer to resolving an accounting investigation as Maurice R. "Hank" Greenberg relinquishes ties to the company that he spent more than 40 years building into the world's largest insurer. AIG shares rose 2.1...Tags: Bloomberg L.P., NYSE, Stock Market, American International Group, Corporate Officers
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New audit says AIG worth $1 billion less
Associated PressNEW YORK - American International Group Inc., one of the world's largest insurance companies, said yesterday that it will again delay filing its 2004 annual report and make accounting adjustments that will cut its value by about $2.7 billion - $1...Tags: NYSE, Moody's Corporation, Stock Market, American International Group, Corporate Officers
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Ex-Gen Re official admits AIG sham
From Wire ReportsALEXANDRIA, Va. - A former executive at Berkshire Hathaway's General Re insurance unit pleaded guilty yesterday to helping American International Group concoct a sham transaction that made AIG's finances appear better than they were. As part of a plea...Tags: Prosecution, Court Preliminary, Punishment, New York City, American International Group
Mar 14, 2012
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Jan 25, 2012
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Oct 25, 2011
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Sep 20, 2008
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Oct 15, 2008
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Oct 21, 2008
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Mar 30, 2005
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Mar 30, 2005
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May 3, 2005
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Jun 10, 2005
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