On Monday, Pepco Holdings, Inc. (NYSE:POM)’s shares inclined 0.11% to $26.41.
A state agency charged with representing utility customers’ interests is going to court to object to Maryland regulators’ decision in May to approve Exelon Corp.’s $6.8 billion acquisition of Pepco Holdings, Inc. (POM).
The Maryland Office of People’s Counsel filed an appeal of the merger approval in the Circuit Court of Queen Anne’s County, it said Thursday. Pepco serves that county through its Delmarva Power partner.
The filing comes just days before a June 15 appeal deadline and less than a month after the Maryland Public Service Commission issued a split 3-2 decision approving Chicago-based Exelon Corp.’s proposal to buy Pepco. The Office of People’s Counsel opposed the acquisition, saying it would give Exelon control of 80 percent of Maryland’s residential customers. Several other groups tried to make a stand against the deal in Maryland as well, believing the state’s strong utility regulations gave them a chance to block the acquisition.
Exelon’s acquisition would not directly change the utility landscape in the immediate Baltimore area — Pepco’s Maryland customers are in Montgomery and Prince George’s counties, while its Delmarva Power partner serves customers on the Eastern Shore. But Exelon owns Baltimore-based Constellation and Baltimore Gas & Electric.
Pepco Holdings, Inc., through its auxiliaries, engages in the transmission, distribution, and supply of electricity. The company also distributes and supplies natural gas. In addition, the company designs, constructs, and operates energy projects and distributed generation equipment, counting combined heat and power plants principally for federal, state, and local government customers.
Sears Holdings Corp (NASDAQ:SHLD)’s shares dropped -3.38% to $21.44.
Sears, a leading integrated retailer, is launching a Connected Solutions flagship store that simplifies the way people shop for their connected home. Located at The Shops at Tanforan in San Bruno, Calif., it features a living room, kitchen, nursery, workout room, garage and outdoor area, so members can experience the benefits of smart technology firsthand. Nationally, Sears is expanding its Connected Solutions assortment to hundreds of stores, offering one of the industry’s largest cross-category selections of smart technology products. Online, members can experience the San Bruno store and shop for an even wider selection of smart products on the new Sears Connected Solutions site.
Sears Holdings Corporation operates as a retailer in the United States. It operates in two segments, Kmart and Sears Domestic. The Kmart segment operates retail stores that offer a range of products, counting consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables, and apparel; and in-store pharmacies. It provides merchandise under the Jaclyn Smith, Joe Boxer, and Alphaline labels; Sears brand products, such as Kenmore, Craftsman, and DieHard; and Kenmore-branded products. As of January 31, 2015, this segment operated about 979 Kmart stores located across 49 states, Guam, Puerto Rico, and the U.S. Virgin Islands. The Sears Domestic segment operates stores that provide appliances, consumer electronics/connected solutions, tools, sporting goods, outdoor living, lawn and garden equipment, apparel, footwear, jewelry, and accessories, in addition to automotive services and products, such as tires, batteries, and home fashion products.
At the end of Monday’s trade, Royal Gold, Inc USA) (NASDAQ:RGLD)‘s shares dipped -1.92% to $50.18.
Royal Gold, Inc. (RGLD) provides an operational update for its streaming and royalty interests at Mount Milligan, Phoenix and Voisey’s Bay, in addition to an update on the status of its streaming transaction with Golden Star Resources Ltd. (“Golden Star”) and its Peak Gold Joint Venture (“Peak Gold”).
For the quarter ended June 30, 2015, the Company’s wholly owned partner, RGLD Gold AG (“RGLD Gold”), purchased about 21,400 ounces of gold from the Mount Milligan mine at a cash price of $435 per ounce as part of its purchase and sale agreement with Thompson Creek Metals Company, Inc. (“Thompson Creek”), and sold about 23,000 ounces of gold related to Mount Milligan. In addition, RGLD Gold had about 5,300 ounces remaining in inventory as of June 30, 2015.
Royal Gold, Inc., together with its auxiliaries, acquires and manages precious metals royalties, metal streams, and similar interests. It focuses on acquiring royalty interests or to finance projects that are in production or in development stage in exchange for royalty interests.
Service Corporation International (NYSE:SCI), ended its Monday’s trading session with -0.82% loss, and closed at $29.09.
Service Corporation International (SCI) North America’s largest provider of funeral and cemetery services is ongoing to strengthen its philanthropic ties with the American Diabetes Association (ADA) in its hometown, Houston, Texas. SCI, through its brand, “Dignity Memorial”, is proud to declare its title sponsorship for the seventh straight year of the ADA Dignity Memorial Tour de Cure Houston.
Since partnering with the ADA, SCI has contributed over $4.5 million to fund critical diabetes research, education and advocacy programs to support children and adults living with diabetes.
The annual cycling event will take place on Sept. 26, 2015. Registration is now open on the ADA Dignity Memorial Tour de Cure website, where participants can sign up to ride as individual or as a part of a team. The Tour is open to everyone, and offers routes for the novice and expert cyclists.
Service Corporation International, together with its auxiliaries, provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and related businesses.
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