Icahn Enterprises to Buy Dynegy for $665 million

by | Dec 15, 2010 | Towing

Power plant operator Dynegy has agreed to be acquired by Icahn Enterprises for $5.50 per share in cash, or about $665 million. Dynegy has about $3.95 billion of outstanding debt, net of cash. The agreement follows a recent fail…

Alstom to Power Down Its Power Plant Work Force

by | Oct 4, 2010 | Towing

In a sign that large fossil-fuel power plants may be falling out of favor, French engineering company Alstom on Monday announced plans to cut 4,000 jobs in the next 17 months. Alstom cited low demand for its coal and natural-ga…