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What is Systematic Investing?
Smart Auto-Trading is an advanced automated Portfolio Manager designed to provides investors with a a state of the art automated investment system to invest in the S&P 500®. Its technology is designed to screen, monitor and invest in elite stocks like "FIRSTENERGY CORPORATION (FE)". It's Artificial Intelligence augments your potential for profit while eliminating most of the work traditionally involved in stock investing.
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Using Smart Auto-Trading is like having a professional Portfolio Manager working for you to help you reach your financial goals.
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Disclaimer: Past performance may not be indicative of future results. Therefore, you should assume that the future performance of any specific investment and systematic investment strategies will be profitable. Smart Auto-Trading, like other investment methods, rely on favorable market conditions to provide positive outcomes.
FIRSTENERGY CORPORATION (FE) News
FirstEnergy Corp. announces agreement with two groups of creditors in FirstEnergy Solutions bankruptcy
FirstEnergy Corp. (NYSE: FE) has taken what it describes as "a significant step" toward helping its FirstEnergy Solutions subsidiary emerge from bankruptcy.
The Akron-based utility company on Monday morning, April 23, announced that it has reached an agreement in principle with two groups of key creditors in the Chapter 11 proceedings involving FirstEnergy Solutions, its related entities and FirstEnergy Nuclear Operating Co. (FENOC), "on a proposed settlement of all potential claims among FE, FES and the creditor groups."
FirstEnergy Solutions, its subsididaries and FENOC on March 31 filed for Chapter 11 bankruptcy protection. FirstEnergy Corp. distribution, transmission, regulated generation and Allegheny Energy Supply (AE Supply) subsidiaries were not part of that filing.
Collectively, FirstEnergy said in a news release, the creditors in the agreement announced Monday morning "represent a majority of the outstanding unsecured and secured debt obligations" of FirstEnergy Solutions and its related entities, including the majority of Bruce Mansfield certificate holders.
"This agreement in principle is a significant step toward FES, its related entities, and FENOC ultimately emerging from bankruptcy," the company said in the release. " The settlement is intended to fully release FirstEnergy and related parties from all claims. It provides FES, its subsidiaries and FENOC with assistance from FirstEnergy on key business matters during the restructuring process."
The agreement "also affirms FirstEnergy's previously announced guarantees and assurances of certain FES employee-related obligations, which include unfunded pension obligations and other employee benefits, and provides for the waiver of certain inter-company claims held by FirstEnergy," according to the release.
FirstEnergy said in the release that the agreement is subject to approval by the FirstEnergy and AE Supply boards of directors, the execution of definitive agreements and certain other conditions, and approval by their respective boards. It also is subject to the approval of the bankruptcy court.Get Started today! - Risk Free