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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...
Constellation Energy Group, which narrowly avoided bankruptcy last year, negotiated a deal with France's largest utility ensuring senior managers would receive up to $32 million in long-term performance and retention incentives during the next two years....
Constellation Energy Group, which agreed to sell itself to Warren Buffett's MidAmerican Energy Holdings Co. three months ago in the midst of a financial crisis, said yesterday that it will begin talks with its largest shareholder about its unsolicited...
French utility Electricite de France, rebuffed in its efforts to acquire Constellation Energy Group, is expected today to offer to buy 50 percent of Constellation's nuclear power business for nearly the same price that MidAmerican Energy Holdings Co....
Tags: Shareholders, Maryland, Government, Marketing, Justice System
Wall Street's three major credit-rating agencies said yesterday that they are studying the latest twist in Constellation Energy Group's pending sale to decide whether changes should be made to the Baltimore company's bond ratings, a source of concern that...
Baltimore-based Constellation Energy Group said yesterday that it has agreed to sell most of its London-based commodities business as it continues to divest itself or wind down much of the operation that was the source of its credit troubles. Terms of...
Constellation Energy Group Inc. revived its future as an independent, Baltimore-based company yesterday, calling off its takeover agreement with billionaire investor Warren E. Buffett in favor of a $4.5 billion investment from France's largest utility....
Tags: Sheila Dixon, Shareholders, Maryland, Stock Broking, Government
A proxy advisory firm recommended yesterday that Baltimore's Constellation Energy Group shareholders reject the company's $4.7 billion pending sale to Warren Buffett, raising another doubt about the takeover amid reports that Constellation favors an offer...
Sun ReporterThe rookie Cal Ripken Jr., sitting at the back of the team bus, had an unusual question for the seasoned major-league players: What were they going to do after baseball? At 22, the Harford County native was already wondering what his own answer would be....
Constellation Energy Group's largest shareholder, whose higher offer to acquire the Baltimore company was rebuffed for a proposed $4.7 billion deal with Warren Buffett, said yesterday that it will not submit another bid for the firm. The announcement...
Constellation Energy Group announced late yesterday that it sold a big piece of its commodities trading operations, once the biggest source of its growth but more recently the source of financial troubles that forced it to find a merger partner....
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