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Cheung Kong Infrastructure, Hongkong Electric Bid on EDF Unit
Billionaire Li Ka-shings Cheung Kong Infrastructure Holdings Ltd. and Hongkong Electric Holdings Ltd. are bidding 5.8 billion pounds for Electricite de France SAs U.K. power networks unit, according to a statement to the Hong Kong stock exchange today. free stock quote 30 Jul 2010
Morgan Stanley Hires Santoro as Co-Head of U.S. Equities Trading
Morgan Stanley hired Peter Santoro, former head of institutional markets at Citadel Investment Group LLC, as co-head of U.S. equities trading, according to an internal memorandum. He will run the group with Tony Lauto, Morgan Stanley said in the memo, the contents of which were confirmed by spokesman Mark Lake. The New York-based firm also named John Neary global head of portfolio products. free stock quote 30 Jul 2010
New Jersey May Not Make 2012 Pension Payment, Christie Says
New Jersey Governor Chris Christie said the state may not be able to make a pension payment in the next fiscal year. free stock quote 30 Jul 2010
House Votes to Set Aside Obama Drill Ban as Standards Are Met
The U.S. House adopted an amendment to legislation overhauling offshore drilling rules that would set aside the Obama administration moratorium on deep-water exploration as rigs meet new safety standards. free stock quote 30 Jul 2010
AstraZeneca Settles Almost 4,000 Seroquel Drug Cases
AstraZeneca Plc, the U.K.s second- biggest drugmaker, said it has tentatively settled almost 4,000 product-liability cases this month involving its antipsychotic drug Seroquel through mediation, and that the terms are being kept confidential. free stock quote 30 Jul 2010
Ethics Subcommittee Recommended Reprimand of Rangel, Green Says
House ethics investigators recommended that New York Representative Charles Rangel be reprimanded for ethical violations, the chairman of the investigative subcommittee said today. free stock quote 30 Jul 2010
