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Keyword: harbert

CALPINE SEEKS INQUIRY ON RUMORS ABOUT FINANCES (RUMORS ABOUT BANKRUPTCY)

05/01/2005 7:05:21 PM PDT · by MeneMeneTekelUpharsin · 6 replies · 420+ views
The Wall Street Journal via DJ Newswires via Yahoo ^ | 02 May 2005 | Rebecca Smith

Big electricity producer Calpine Corp. said it asked the New York Stock Exchange to investigate trading of its stock and "reckless and unfounded rumors" about its finances that have circled the company the past two weeks, pushing its stock down 35%. Calpine sought to reassure investors on Friday that is able to meet its obligations. The company said it will report first-quarter earnings Thursday that will be in line with earlier projections. Specifically, it said it will report a loss of 38 cents a share for the quarter and expects a loss of 80 cents to 90 cents a share...

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