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USEC, Supplier of Enriched Uranium Fuel, Surges Record 53%
Oct. 14, 2011 03:59PM PST
Energy InvestingBloomberg reported on USEC (NYSE:USU), supplier of enriched uranium fuel based in Bethesda, Maryland surged a record of 53%.
Bloomberg reported on USEC (NYSE:USU), supplier of enriched uranium fuel based in Bethesda, Maryland surged a record of 53%.
As quoted in the market news:
USEC said on Sept. 30 it was cutting spending and would begin layoffs if it doesn’t get the $2 billion loan guarantee it’s seeking from the U.S. Energy Department by the end of October to build a uranium-enrichment plant in Ohio.
“We have been meeting with DOE officials on a regular basis but there is no news and the process just continues,” Steve Wingfield, a company spokesman, said in a telephone interview today.