Exelon Declares Alert at NJ Facility and 2 Hot Stocks to Note
Exelon (NYSE:EXC) declared an “alert,” which is the second lowest of four NRC action levels, at its New Jersey Oyster Creek nuclear facility after the flood waters caused by Hurricane Sandy rose more than 2 meters and threatened to submerge the pumps that circulate water through the plant. The water was expected to lower after high tide. Constellation Energy’s (NYSE:CEG) Nine Mile Point 1 nuclear plant in New York was shut down as a result of issues putting power onto the grid.
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UBS (NYSE:UBS) earning: saw a Q3 net loss reaching 2.17 billion francs compared to a profit of 1.02 billion francs the previous year and consensus reaching 439 million franc profit, as a result of an impairment charge of 3.1 billion francs concerning goodwill and other non-financial assets. The company has also confirmed its intentions to cut 10,000 jobs and close its fixed income business as an attempt to save 3.4 billion Swiss francs a year. However the restructuring is expected to cost 3.3 billion francs through the next three years.
Bayer (BAYZF) has agreed to acquire Schiff Nutrition (SHF) for $1.2 billion in cash, with the $34-a-share offer, which is a 47 percent premium to the Schiff Nutrition’s close on Friday. This deal will strengthen Bayer’s presence within the U.S., which is the largest market in the world for over-the-counter and nutritional products. Also, Bayer’s Q3 EBITDA has been pushed up to 1.85 billion euro as sales increased 12 percent to 9.67 billion euro.