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Dayton's News Source - TOP STORIES
Interstate 75 Southbound is shut down at the Route 4 Exit, due to a crash involving two semis. Dayton Police say one of the semis is on its side. The crash occurred just after 11:30 p.m. Thursday.
Friday, February 5 2010, 12:04 AM EST
LOCAL NEWS
La. pension system sues to stop FirstEnergy deal
March 11, 2010 15:14 EST
GREENSBURG, Pa. (AP) -- The Louisiana Municipal Police Employees Retirement System wants a federal judge in Pittsburgh to stop FirstEnergy's proposed $4.7 billion takeover of the western Pennsylvania electric company.
The retirement system owns unspecified Allegheny Energy stock which it claims is being undervalued in the deal.
FirstEnergy, of Akron, Ohio, wants to combine the companies to serve 6.1 million customers from Ohio to New Jersey. The deal is expected to close within 13 months, subject to regulatory approvals.
The lawsuit wants a judge to stop the deal unless Allegheny Energy gets more value for shareholders.
Allegheny Energy declined comment. FirstEnergy spokeswoman Ellen Raines says the deal will provide "immediate and long-term benefits to shareholders."
News Stories
LOCAL HEADLINES
La. pension system sues to stop FirstEnergy deal
Flood warnings up around Ohio as rivers rise
Judge has reservations about Pagan's guilty plea
Amtrak to review 2 national routes in Ohio
ACORN agrees to leave Ohio under settlement
Cincinnati school board pulls TV plug
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BUSINESS NEWS
Trade gap shrinks
WASHINGTON (AP) -- The U.S.
CONSUMER INFO
La. senator: Are deaths linked to Chinese drywall?
NEW ORLEANS (AP) -- U.S. Sen. David Vitter is calling on federal officials to do a thorough probe into the deaths of several people who lived in homes built with suspect Chinese drywall. ...
SCIENCE/TECH NEWS
IN THE NEWS: A CASE OF THE .XXX
NAIROBI, Kenya (AP) -- A virtual red-light district for the Internet -- a good thing or a bad thing?
GET THIS
GAY MARRIAGE-ICE CREAM
WASHINGTON (AP) -- Jerry -- of Ben & Jerry's fame -- plans to add a sweet touch to a wedding in the nation's capital today.
IE6 Float Fix
