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Latest Financial News for ALLETE INC.

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News about Allete Inc

  • Allete 3Q profit rises on rate increase

    (Friday, October 31, 2008 3:48 PM)

    DULUTH, Minn. (AP) - Allete Inc., a regional utility, said Friday third-quarter earnings rose as revenue climbed on an increase in its electric rate base.

  • ALLETE Reports Third Quarter Results; Reaffirms 2

    (Friday, October 31, 2008 8:30 AM)

    ALLETE (NYSE: ALE) today reported third quarter 2008 earnings of 85 cents per share, compared with 58 cents in the same period a year ago. Third quarter 2008 net income was $24.7 million on revenue

  • Allete sets quarterly dividend of 43 cents

    (Monday, October 27, 2008 4:05 PM)

    DULUTH, Minn. (AP) - Allete Inc. on Friday said its board declared a quarterly dividend of 43 cents.

  • ALLETE Board of Directors Declares Dividend on Co

    (Friday, October 24, 2008 8:30 AM)

    ALLETE?s (NYSE: ALE) board of directors has declared a quarterly dividend of 43 cents per share of common stock. On an annual basis the dividend is equivalent to $1.72 per share, unchanged from the

  • ALLETE'S Third Quarter Earnings Release, Conferen

    (Monday, October 13, 2008 9:00 AM)

    ALLETE, Inc. (NYSE:ALE) will announce its financial results for the quarter ended September 30, 2008 with a news release scheduled to be issued before the market opens on Friday, October 31, 2008.

  • Minnesota Power's Wind Energy Project Reaches Mil

    (Monday, September 08, 2008 9:30 AM)

    Minnesota Power?s plan to harness wind energy from the plains of North Dakota and transmit it to customers took an important step forward with the signing of an agreement to purchase an interstate

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MarketWatch.com - All MarketWatch News - ALE

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MarketWatch.com - All MarketWatch News - ALE
  • Energy Stocks: Natural-gas shares routed 16% on unexpected inventory rise

    (Thu, 20 Nov 2008 16:18:00 -0500)

    Energy stocks continue their slide as oil falls below $50 a barrel for the first time in nearly two years and retail gasoline prices fall within a whisker of $2 a gallon.

  • Gore won't take 'formal role' in new admininstration

    (Thu, 20 Nov 2008 16:17:37 -0500)

    NEW YORK (MarketWatch) -- Former Vice President Al Gore said Thursday he would "not be taking a formal role" in the administration of President-elect Barack Obama, but that he has been in contact with Obama and would do whatever he could to help him. Shifting to renewable energy could help pave the way out of the current global economic crisis, Gore said a conference of economic and phanthropic leaders. "The climate crisis and the economic crisis all have the common thread of our ridiculous over-dependence on carbon fuels," he said. Some had speculated Gore could take on a new role...

  • Movers & Shakers: Thursday's biggest gaining and declining stocks

    (Thu, 20 Nov 2008 15:11:00 -0500)

    Among the companies whose shares are seeing active trade in Thursday’s session are Ambac, Citigroup, Ford and General Motors.

  • Measure of credit market woes hits another record

    (Thu, 20 Nov 2008 13:48:00 -0500)

    SAN FRANCISCO (MarketWatch) - A closely-watched measure of credit market woes hit another record Thursday on concern about how harsh a recession is going to be and worries about Citigroup Inc.

  • Rep. Waxman wins powerful Energy committee chairmanship

    (Thu, 20 Nov 2008 13:16:00 -0500)

    Henry Waxman of California prevails in a fight to take control of the powerful House Energy and Commerce Committee, wresting the chairmanship from longtime auto-industry ally and veteran lawmaker John Dingell of Michigan.

  • MarketWatch First Take: Five percent of Citigroup isn't what it used to be

    (Thu, 20 Nov 2008 11:04:00 -0500)

    The decision by Saudi Arabian investor Prince Alwaleed to raise his Citigroup stake means a lot less than it would have previously.

  • Rep. Waxman new head of House Energy and Commerce Committee

    (Thu, 20 Nov 2008 11:04:02 -0500)

    WASHINGTON (MarketWatch) -- Rep. Henry Waxman of California has been elected the new chairman of the powerful House Energy and Commerce Committee, replacing veteran lawmaker and Detroit-ally Rep. John Dingell. The 137 to 122 vote by Democratic lawmakers on Thursday marks a significant shift in congressional leadership, and opens the door to stronger environmental standards for the auto industry. Dingell, a staunch supporter of the U.S. auto industry, has successfully blocked tighter regulations for carbon emmission standards.

  • Obama makes picks for Commerce, Homeland Security: reports

    (Thu, 20 Nov 2008 08:41:17 -0500)

    NEW YORK (MarketWatch) -- President-elect Barack Obama plans to name 49-year-old billionaire Penny Pritzker to be Secretary of Commerce, news reports said late Wednesday. Pritzker served as Obama's national finance chair during the presidential campaign. The reports also said Obama will chose longtime ally Arizona Gov. Janet Napolitano to head the Department of Homeland Security.

  • Before the Bell: Citigroup, Pfizer, General Electric in the spotlight

    (Thu, 20 Nov 2008 08:46:00 -0500)

    U.S. stock market futures dropped Thursday as fears over the financial and automotive sectors continued and jobless figures showed another sharp rise.

  • Prince Alwaleed to increase stake in Citi back to 5%: report

    (Thu, 20 Nov 2008 07:42:11 -0500)

    NEW YORK (MarketWatch) -- Saudi Arabian investor Prince Alwaleed bin Talal bin Abdulaziz Al Saud said Thursday that he will increase his holdings in Citigroup Inc. back to 5%, adding that he supports the banking giant's management, according to a report by Zawya Dow Jones. His holdings are currently less than 4%, according to an emailed statement quoted by Zawya Dow Jones. Citi has raised $50 billion in private capital, in addition to the $25 billion that the U.S. government has provided under the TARP program, the statement said. Shares of Citi were up about 4% in premarket trading.



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