Taking the offensive in what has become an increasingly stressful time for energy companies, Aquila Inc.’s CEO said last week the company may sell up to $1 billion in assets — twice as much as announced two months ago — in an effort to improve the company’s wobbling credit quality. It also has cut 200 employees from its merchant services and corporate staff and expects the previously announced reduction of 500 positions at its utility companies to be completed by July.
Stressful
Articles from Stressful
Tragic Week Ends With Flat to Mildly Lower Prices
A highly stressful trading week came to a close Friday with most of the market in a general holding pattern. Flat to barely higher or lower numbers prevailed at a majority of points; declines of about a nickel or more were concentrated in the Rockies and California.
September 17, 2001
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