Midday Market: Utility Stock Rout, Dole Declines, Tiffany Still Sparkling
May 28, 2013 at 12:57 PM EDT
The earth gives and the earth takes away. While sales of high-end baubles mined from deep underground have helped profits at jeweler Tiffany, cheap natural gas mined from U.S. shale rock is forcing some American utilities to reset profit expectations. Shares of large nuclear power operator Excelon (EXC) and another utility, FirstEnergy (FE), each have fallen [...]