Shares in the world’s largest utility E.ON increased considerably after it gave up its 42 billion euro bid ($56 billion) for Spanish utility company Endesa (down 0.69%), agreeing to split it up with rivals.
The global selloff throughout world stock markets triggered by the brief but sharp fall in the Shanghai Composite Index at the end of February has stirred up even more interest in already hot Chinese markets. This week, "A Fund Affair" features AMP Capital's China Growth Fund, which gives the investor rare access to China 'A' shares.
Here some of Friday's big movers on European stock markets
Here's our exclusive web cast on investment strategies to help you win the CNBC Million Dollar Portfolio Challenge. CNBC host Dylan Ratigan talks with Bill Barker, Motley Fool senior analyst, and Arthur Hogan, Jefferies managing director offerd his own high-risk, high-return stock picks.
How do you feel about buying a sector where the profit prospects still look challenging, but the reduction in expectations has now brought the price back onto professional investor radar screens?
The French financial regulator AMF on Tuesday gave billionaire Francois Pinault three weeks time in order to present an offer for French utilities company Suez, Reuters reported.
They haven't always been known as the sexiest stocks out there but their returns lately are very alluring. The Dow Jones Utility Average is now trading around record highs--but how much juice is left? On CNBC’s “Morning Call” Liz Claman talked with Greg Gordon--a utilities analyst with Citigroup.
LOS ANGELES, Nov 30- Southern California Edison said an emergency generator at one of its San Onofre nuclear reactors may have been tampered with, prompting the utility to beef up security at the plant, which has been out of service since January due to a leak in a steam generator.
The country has become the world leader in wind power development, currently supplying an estimated one-fourth of all wind energy injected into the grid worldwide, according to the new China Wind Market Quarterly report by GTM Research and Azure International. Furthermore, according to Azure forecasts, China's installed wind capacity will increase from a predicted 80 gigawatts by the end of 2012 to roughly 150 gigawatts by the end of 2015, significantly exceeding the wind target set by China's 12th Five-Year Plan. FIGURE: Wind Forecast by Province in 2015 However, the sector faces some immense challenges, from ongoing problems with grid connection, ever-growing amounts of curtailed wind generation, new restrictions from State Grid on who can connect, and, perhaps most importantly, uncertainty about whether policymakers will do as they have done in the past to ensure the sector continues its rapid growth.
*New York governor wants Indian Point shut. Nov 28- New York energy regulators told power companies in New York City to develop plans to keep the lights on in the Big Apple in case the giant Indian Point nuclear power plant, which supplies about a quarter of the city's electricity, is forced to shut down.
Shipments were 418 MW, above the high end of the Company's previous guidance of 370 MW, and flat from the 418 MW shipped in the second quarter of 2012 Net revenue wa s RMB 1.6 billion, a decrease of 9.2% from RMB 1.8 billion in the second quarter of 2012 Gross margin was negative 5.9%, compared with positive 4.8% in the second quarter of 2012. Excluding an inventory provision of RMB 51.4 million and a reversal of prior provisions for anti-dumping and countervailing duties in the United States of RMB 15.8 million, gross margin would have been negative 3.7% Operating loss was RMB 631.3 million, compared with operating loss of RMB 155.9 million in the second quarter of 2012. Excluding a long-lived asset impairment of RMB 250.7 million and a prepayment impairment of RMB 75.2 million, operating loss would have been RMB 305.4 million Net loss was RMB 371.4 million, compared with net loss of RMB 457.8 million in the second quarter of 2012. Loss per diluted ADS was RMB 1.91, compared with loss per diluted ADS of RMB 2.34 in the second quarter of 2012 Operating cash flow was positive RMB 545.3 million, compared with negative RMB 254.0 million in the second quarter of 2012 Cash and cash e quivalents at the end of the quarter were
*Bayway refinery in NJ seen back by end-November. Nov 19- New Jersey power company Public Service Enterprise Group Inc said Monday it has restarted about of a quarter of its power plants in New Jersey that were knocked offline by Hurricane Sandy, which hit the U.S. East Coast three weeks ago. One megawatt can power about 800 to 1,000 homes in New Jersey.
Microsoft's Data Center Research Project in Cheyenne, Wyoming to be powered by fuel cell power plant Renewable biogas to be used to generate carbon neutral electricity that is virtually free of pollutants.
NEW YORK, Nov 14- The Long Island Power Authority is close to restoring electric service to the last 7,000 Long Island, New York, homes and businesses able to receive power, the company said on Wednesday, 16 days after Hurricane Sandy battered the U.S. East Coast.
NEW YORK, Nov 14- The Long Island Power Authority is close to restoring electric service to the last 8,000 Long Island, New York, homes and businesses able to receive power, the company said on Wednesday, 16 days after Hurricane Sandy battered the U.S. East Coast.