Shares of Allentown, Pennsylvania-based power utility PPL Corporation (NYSE: PPL) are up 4.5% this week after the company announced Monday that it will issue common shares worth about $2.1 billion and equity units worth about $750 million to help finance the acquisition of an energy company in the U.K. The shares and units are expected to be issued April 15.
Colors are pretty important to a crayon company. For about a year, Crayola had high hopes of turning bright yellow into eco-friendly green. Despite a few delays, Crayola finally has the green light to get even greener.