> >

Investor favourite NiSource faces questions after Massachusetts explosions

Firstpost Saturday, 15 September 2018
By Ross Kerber BOSTON (Reuters) - Before gas explosions in Massachusetts sent its shares reeling on Friday, utility NiSource Inc was considered a secure play and its top investor was loading up on shares as part of a push into what it called "the safest, most defensive sector in the S&P 500." All that changed in the aftermath of Thursday's gas explosions across three suburbs north of Boston that left at least one person dead, injured at least a dozen more, and drove thousands from their homes. The area is served by the Columbia Gas of Massachusetts unit of NiSource, whose shares were down 11.5 percent at $24.84 on Friday afternoon.
Credit: Newsy Studio - Published < > Embed
News video: Massachusetts Explosions Leave One Man Dead, Dozens Injured

▶ Massachusetts Explosions Leave One Man Dead, Dozens Injured 00:51

An 18-year-old died when an explosion blew part of a chimney off a house and onto his car.

Recent related videos from verified sources

Web Extra: Warren Grills Columbia Gas, NiSource Presidents On 'Personal Responsibilty' In Explosions [Video]Web Extra: Warren Grills Columbia Gas, NiSource Presidents On 'Personal Responsibilty' In Explosions 06:40

Sen. Elizabeth Warren asked Steve Bryant of Columbia Gas and Joe Hamrock of NiSource what they've done since the gas explosions, including cutting their own pay and firing anyone responsible.

Credit: WBZ CBS Boston - Published

You Might Like

Tweets about this

Other recent news in Business

Jet Airways shares jump after REPORT chairman likely to step downEuro zone bond investors exercise caution ahead of BREXIT vote
'Game of THRONES' final season to premier in AprilUAE, SAUDI ARABIA to invest in India for food security; to benefit farmers, says Suresh Prabhu
Environmentally friendly: newsR is hosted on servers powered solely by renewable energy
© 2019 newsR / One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest