Duke Energy Corp
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Utilities : Electric Utilities | Large Cap Value
Company profile

Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States. The operations include electricity sold wholesale to municipalities, electric cooperative utilities and other load-serving entities. The Gas Utilities and Infrastructure segment serves residential, commercial, industrial and power generation natural gas customers. The Commercial Renewables primarily acquires, builds, develops and operates wind and solar renewable generation throughout the continental United States.

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Macy's, struggling amid COVID-19, spoke with NYC Mayor de Blasio about doing the July 4 fireworks show

11:43 am ET April 22, 2020 (MarketWatch)

In a clip posted to Twitter (https://twitter.com/NYCMayor/status/1252945537701220352), New York City Mayor Bill de Blasio said he had been in contact with Macy's Inc. (M) Chief Executive Jeff Gennette about moving forward with the department store's annual July 4 fireworks show. No decision has been made about what the fireworks show will look like just yet. "But what we know for sure is this wonderful show will go on," Mayor de Blasio said. "We will celebrate our nation's birthday. The city of New York will partner with Macy's to come up with something great no matter what the coronavirus throws at us." Mayor de Blasio has also promised a parade for first responders and health care workers when the city reopens. He previously announced (https://nypost.com/2020/04/20/de-blasio-cancels-city-permitted-events-through-june-amid-coronavirus/) that city permits for June events, including the Puerto Rican Day parade, have been canceled. MarketWatch has reached out to Macy's for comment. The struggling department store retailer is reportedly seeking to raise $5 billion (http://www.marketwatch.com/story/macys-looks-to-raise-5-billion-in-debt-to-avoid-bankruptcy-report-2020-04-21) to avoid bankruptcy. And Cowen analysts estimate the company has about four months of cash available. Macy's stock is down 7.4% in Wednesday trading, and have plummeted 80% over the past year. The S&P 500 index has fallen 4.1% over the last 12 months.

-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

April 22, 2020 11:43 ET (15:43 GMT)

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