Luminant, the Texas-based electric utility is buying two electric power plants in East Texas from NextEra in a deal of $1.3 billion. Luminant has greater than 13,700 of generating capacity in Texas already. To that, the addition of the Forney Energy Center east of Dallas and the Lamar Energy Center in Paris will include 3,000 megawatts of power generating capacity to Luminant's system.
On Friday, Rupert Murdoch, the Media mogul and executive chairman of News Corp. set off speculations with a tweet as he declared that he thinks Los Angeles philanthropist and billionaire Eli Broad, is most probably buying the Los Angeles Times, which currently is owned by the Tribune Publishing Company based in Chicago.
People with the knowledge of matters said that Pfizer Inc. was scheduled to take a formal approval from its board on Sunday for acquiring Allergan Plc in a deal of $150 billion or more.
The sources said if things work out, Pfizer and the Botox maker together will create the largest drug maker of the word.
In October, the unemployment rate in Mississippi dropped lower than six percent and that's the first time it has been so, since late 2007. More number of people was reported to find jobs bringing the jobless rate to 5.9 percent compared to September's 6.1 percent. In October 2014, the jobless rate was at 7.3 percent rate with this Octobers figures showing a greater optimistic outlook.