Riding a broad stock market rally fueled by investors looking for bargain-basement deals, Williams Cos. Inc.’s stock shot up nearly 88% to close at around $1.99 a share Monday, in spite of the company’s report earlier in the day of a major net loss for the second quarter due mostly to its floundering energy marketing and trading business, which lost nearly half a billion dollars for the period. The sharp bounce in the company’s stock, which had opened at $1.06 a share, suppressed speculation about possible bankruptcy.
Bounces
Articles from Bounces
CA Electricity Woes Converge on Grid’s ‘Path 15’
As the battle over how best to solve California’s electricitywoes bounces around the regulatory and political halls inCalifornia and Washington, DC, an immovable stumbling block thatcan’t be fixed by new legislation or regulatory decisions is anoverworked electricity highway called “Path 15.”
January 3, 2001
Screen Bounces Help Lift Cash; April Impact Varies
Those who expected the swing cash market to use Mondayafternoon’s cash run-up and continued futures strength Tuesdaymorning as a springboard were not disappointed. Late-March quoteswere moving higher by double-digit amounts at nearly every point inall market areas, although few increases exceeded 10-12 centsexcept in the Rockies and Northeast.
March 29, 2000
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