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Dean Somitsch
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Russian Officials Knew Of EU Gazprom Probe Risk - Vedomosti
Russia's Energy Ministry warned in March of a risk that Europe's antitrust authorities would open an investigation into OAO Gazprom (GAZP.RS) over its pricing of natural-gas exports, Vedomosti reports Wednesday, citing a government document.
Schneider Electric Sells 0.45% Stake in AXA for EUR120 Million
France's Schneider Electric SA (SU.FR) said Wednesday it sold its 0.45% stake in insurance company AXA SA (CS.FR) for 120 million euros ($151 million) after both companies decided not to renew a shareholders' agreement that ended May 15.
State Bank of India to Cut Retail Term-Deposit Rates
State Bank of India (500112.BY) said Wednesday it will reduce interest rates on most retail term deposits, effective Friday.
France to Propose Changes to Gas, Power Prices - Report
The French government will sponsor a bill raising retail prices of electricity and gas for heavy consumers for approval in Parliament in October, newspaper Les Echos reports Wednesday.
Subsea 7 Gets $60 Million Contract Offshore Norway
Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) Wednesday announced the award of a $60 million Varg Gas Export Contract from Talisman Energy Norge AS for the development of a gas export pipeline at the Varg field, located 200km off the Norwegian coastline. MAIN FACTS:
Prudential PLC Acquisition
TIDMPRU RNS Number : 4989L Prudential PLC 05 September 2012 5 September 2012 Jackson National Life completes acquisition of SRLC America Holding Corp for GBP417 million Jackson National Life Insurance Company ("Jackson"), an indirect wholly-owned subsidiary of Prudential plc ("Prudential"),
Richemont 5-Months Sales Up 23%, Sees 6-Months Profit Up 20% To 40%
Swiss luxury goods maker Compagnie Financiere Richemont SA (CFR.VX) Wednesday said revenue rose 23% in the five months ended August 31 as sales in Europe were strong, particularly in the retail channel in major tourist destinations, while demand in the Asia-Pacific region remained solid after two
Fresenius SE's Kabi Unit Raises 2012 Outlook
German health care company Fresenius SE & Co. KGaA (FRE.XE) Wednesday said its Kabi unit has raised its full year outlook after posting substantial organic growth across all regions and product areas in the first half of the year, and expecting demand in the U.S. to remain high.
FBI Reportedly Denies Apple Hacking Claims
The Federal Bureau of Investigation denied allegations Tuesday that it was a source for stolen identification data from millions of Apple Inc. devices which a hacking group claimed to have obtained, reports said.
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Katja Somitsch
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