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Transformers hit the road Monday for weeklong trip to Peach Bottom
By Amanda Dolasinski | The York Dispatch (MCT) - Traffic in southern York County could be slowed next week as two main power transformers travel to Peach Bottom Township as part of an $87 million investment, Exelon officials announced Thursday. The...Tags: Trips and Vacations, Emergency Planning, Traffic, Emergency Incidents, Havre de Grace
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Citigroup agrees to settle fraud suit
From Wire ReportsNEW YORK - In the first significant shareholder settlement since Enron Corp. collapsed more than three years ago, Citigroup Inc. has agreed to pay $2 billion to investors who accused the bank of aiding Enron in its huge accounting scandal by selling the...Tags: Management Change, WorldCom Incorporated, Lawyers, Trials, Judges
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For Olympian, a new life
Los Angeles TimesHe has walked down the red carpet with Kid Rock, been a presenter at the MTV Video Music Awards, filmed a skit with Jimmy Kimmel, been asked for autographs by celebrities, been a guest on Jay Leno's show, served as honorary bell ringer at the New York...Tags: Swimming, Beijing Games, Jay Leno, Awards and Prizes, Multi-Sport Events
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GM loses $1 billion, will cut 25,000 jobs
Sun StaffGeneral Motors Corp., a symbol of American industrial might a half-century ago when it became the first U.S. company to make $1 billion in a year, announced plans yesterday to cut 25,000 jobs after losing more than $1 billion in the first quarter of...Tags: Hyundai Motor Co., Management Change, Maryland, University of Maryland, College Park, Bethlehem Steel
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Citigroup-Legg deal runs into some snags
Sun StaffAt least part of Legg Mason Inc.'s deal with Citigroup Inc. to swap parts of their businesses, which both firms hope to seal by the end of the year, could be held up by a regulatory ruling and a few unhappy mutual fund shareholders. New York-based...Tags: Personal Investing, Personal Finance, Mutual Funds, Legg Mason, Inc., Voting
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Constellation headquarters staying in Baltimore
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: Maryland, Stock Broking, Baltimore Gas and Electric Co., Government, Morningstar Incorporated
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Legg CEO says deal with Citi is on track
sun reporterThe chairman and chief executive officer of Legg Mason Inc. told investors and analysts yesterday that the Baltimore firm is making "dramatic progress" toward completing its deal with Citigroup Inc. that would double the assets it manages for clients....Tags: Citigroup Incorporated, Stock Broking, Mutual Funds, Finance, Legg Mason, Inc.
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Constellation, FPL unveil $11.5 billion merger plan
Sun reportersAfter Mayo A. Shattuck III and Lewis Hay III began meeting last spring to discuss a merger of the power companies they lead, they described their talks as "Project NASCAR." Shattuck's Constellation Energy Group Inc. in Baltimore was code-named "Chevy" and...Tags: Management Change, Maryland, Stock Broking, Government, Electricity Production and Distribution
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Legg gains, stock tumbles
Sun StaffLegg Mason Inc., which is poised to become the fifth-largest money manager in the world, saw its stock tumble from historic highs after its earnings report yesterday fell short of Wall Street expectations. Stock in the Baltimore-based investment firm...Tags: Citigroup Incorporated, Credit Ratings, Stock Broking, Mutual Funds, Finance
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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: MidAmerican Energy Holdings Company , Antitrust Issues, Contracts, Constellation Energy Group, Morningstar Incorporated
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Legg Mason, Citigroup agree to swap business
Sun StaffLegg Mason Inc. agreed yesterday to trade its brokerage unit for the money management business of financial giant Citigroup Inc. in a $3.7 billion deal that transforms the Baltimore-based firm from a regional player into the world's fifth-largest money...Tags: Stock Broking, Personal Finance, Mutual Funds, Finance, Legg Mason, Inc.
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Ousted AIG chief Greenberg resigns from insurer's board
Associated PressNEW YORK - American International Group Inc. might begin putting its financial and regulatory problems behind it now that Maurice "Hank" Greenberg, who built the company into one of the world's largest insurers, has stepped down from the board of...Tags: The Pennsylvania State University, Management Change, Laws, Finance, American International Group
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