12:07 PM
Merrill Lynch (MER -2.6%) is suing Reliant Energy (RRI -5.5%) for cancelling a $300M line of credit. Reliant says it believes it has the right to terminate the contract.
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10:09 AM
Reliant Energy (RRI) is considering strategic alternatives, including the sale of its retail unit. The move would underscore the difficulties facing some power companies from the credit crunch and the aftermath of Hurricane Ike. RRI -2.5%.
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Tuesday, August 5, 2008
07:32 AM
Reliant Resources (RRI): Q2 EPS of $1.01 beats by $0.84. Revenue of $3.4B (+29.2%) vs. $2.7B. [PR]
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