OGE Energy Corp.’s (OGE) midstream pipeline subsidiary, Enogex LLC, sold $250 million of 10-year senior notes with a coupon rate of 6.25%. The company intends to apply the net proceeds from the sale of the new notes for general corporate purposes, including repaying – at maturity – a portion of the $289.2 million outstanding aggregate principal amount of its 8.125% senior notes, which will mature on Jan 15, 2010. Enogex will temporarily use re-financed proceeds to repay borrowings under its credit facility, with any excess proceeds being temporarily invested.   OGE Energy ended the first nine months of fiscal 2009 with $1.9 billion of long-term debt from $2.2 billion at year-end fiscal 2008. On the liquidity front, the company had approximately $2.3 million of cash and cash equivalents, besides $825.9 million of net available liquidity under its revolving credit agreements.   OGE Energy planned capital expenditures of approximately ...

DrStockPick.com Stock Report!

Wednesday August 5, 2009

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The Procter & Gamble Company (NYSE:PG) announced diluted net earnings per share for the fiscal year ending June 30, 2009 of $4.26, up 17 percent and exceeding the Company’s guidance range of $4.20 to $4.25. Core EPS, which excludes the current year impact from the sale of the Folgers business and certain tax adjustments in the prior fiscal year, increased eight percent versus fiscal 2008. For the April - June quarter, diluted net earnings per share were $0.80, above the Company’s guidance range of $0.74 to $0.79 for the quarter.

China Nepstar Chain Drugstore Ltd. (NYSE: NPD), the largest drugstore chain in China based on the number

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