E.ON AG
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Croatia intends to meet the increased demand, spurred by economic growth and rising environmental concerns, by building the terminal. Hungary has also shown interest in investing into wind power plants in Croatia and leasing them from Croatia, Cacic said. Full Article at Bloomberg.com
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AG (NASDAQ: EONGY) was upgraded by equities research analysts at HSBC (NYSE: HBC) from an “underweight” rating to a “neutral” rating in a research note issued to investors on Friday. Separately, analysts at Societe Generale upgraded shares of E.ON AG... Full Article at American Banking and Market News
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FILE - In this Aug. 1, 2011 file picture, flags with the company's logo fly in front of the E.On headquarter in Essen, western Germany. Gas and electric utility E.ON AG says net income fell 23 percent in the first quarter as demand for gas and power... View Photo »
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EON AG and RWE AG (RWE) climbed at least 1.5 percent after Financial Times Deutschland reported that the nation’s biggest utilities are in talks with the Chinese to sell their U.K. nuclear power project. Siemens AG (SIE) advanced after Deutsche Bank AG... Full Article at Bloomberg.com
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Data released Thursday showed the German Ifo business climate index dropping further than expected to a six-month low. The German DAX 30 index (ITF:DX:DAX) rose 0.9% to 6,370.99, led by a 2% gain for utility E.ON AG (FRA:DE:EOAN) , lifted to neutral... Full Article at MarketWatch
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Werke AG and steelmaker ThyssenKrupp AG (TKA), it’s hurting utilities including EON AG and RWE AG (RWE), stoking calls for the EU to ease the surplus of permits caused by the economic slowdown. “German power will most likely fall further without... Full Article at Bloomberg.com
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DUESSELDORF, GERMANY - AUGUST 06: The corporate headquarters of E.ON AG, Germany's largest power company, stands illuminated on August 6, 2011 in Duesseldorf, Germany. The company recently announced it will cut 10,000 jobs worldwide, citing a loss of... View Photo »
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German stocks rose, rebounding from earlier losses, as EON AG and RWE AG (RWE) led a rally in utilities. The benchmark DAX Index rose 0.3 percent to 6,305.44 at 11:10 a.m. in Frankfurt, having previously dropped as much as 0.7 percent. To contact the... Full Article at Bloomberg.com
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“It seems like a very smart strategy on his part.” Sovereign wealth fund Mubadala bought the EBX stake for $2 billion last month. Batista agreed in January to sell 10 percent of his power company MPX Energia SA (MPXE3) to Dusseldorf-based EON for 850... Full Article at Bloomberg.com
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That the nomination of Altmaier brings the energy plan closer to the chancellery is “undisputed and urgently necessary,” Georg Nuesslein, an energy spokesman for the Christian Social Union, the CDU’s Bavarian sister party, said by telephone. “It’s an... Full Article at Bloomberg.com
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