Enemalta losses Lm7m over projections
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Enemalta is expected to end the current financial year with a loss of Lm11-12 million, some Lm7 million more than projected, owing to the rising oil prices, Public Investments Minister Austin Gatt told a ...
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Business & money: Britain's seventh-biggest bank warns margins this year will be hit by higher funding costs
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Italian electricity group Enel has bought 10 percent of Spanish utility Endesa and wants up to 24.99 percent of the company under a plan that appears to enjoy political support in Madrid and Rome.
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Utility E.On AG said Friday it raised its offer for Spain's Endesa SA to $53.4 billion as it delivered its final bid in a more than year-long takeover saga.Comment
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Enel, an Italian utility, said it had bought a 10 percent stake in Endesa, the Spanish utility, for 4.1 billion euros ($5.4 billion), possibly breaking up an attempt by a German company, E.On, to buy Endesa. Enel, based in Rome, said it had acquired 9.99 percent of Endesa at 39 euros a share, above E.Onâs bid of 38.75 euros and Endesaâs closing price of 38.12 euros. E.On raised its offer for Endesa this month to 41 billion euros ($54.2 billion) and emerged as the leading bidder, ahead of Gas Natural of Spain. It has cleared a number of legal hurdles in a bidding war that has lasted more than a year. Analysts said another bidder, Acciona, also of Spain, might revive its interest in Endesa as a result of Enelâs action.
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By Marc Silvestrini, Waterbury Republican-American, Conn.  Feb. 13--Chemtura Corp. on Monday reported a wider net loss for the  fourth quarter, but a narrower loss for the fiscal year.
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Franco-American telecommunications equipment maker Alcatel-Lucent on Friday posted a loss of about $3.8 billion for the fourth quarter, said it would scrap its 2007 dividend and predicted a rocky 2008.
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Company posts big loss amid a variety of problems that are "self-induced." It also expects an operating loss for the current quarter, which includes the holiday selling season.
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Flat-screen maker LG.Philips LCD. Co. Ltd.   is expected to report a loss for the second quarter in a row, as it struggles with weak prices and high costs for its mainstay TV panels.
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El Paso Corp. EP.N, the biggest U.S.  natural gas pipeline company, on Monday posted a third-quarter  loss as higher prices for oil and gas failed to offset lower  production volumes.
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Alitalia SpA, Italy&#39;s largest airline, said it expects a loss this year of about 515 million euros ($642 million), in line with 2003.
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IT services provider Electronic Data Systems yesterday reported a net loss of $153 million for the third quarter, with earnings hit in part by an asset impairment charge of $375 million connected with EDS's N/MCI project.
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The struggling Italian national carrier Alitalia reported narrower first-quarter losses Tuesday as the airline reaches the final stages of a tender bid to go private.
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Drilling contractor Ensco International Inc. on Tuesday said its earnings fell 7 percent in the third quarter on charges from damage caused by Hurricane Ivan and from less use of its deepwater drilling rig during the period.
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ROME: Italian airline Alitalia said yesterday that its first half loss was 620 million euros ($NZ1.14 billion), a higher-than-expected result owing to one-off expenses from a broad restructuring.
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The final price was $85, far off the target range of $108 to $135 a share that the company projected last month.
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Struggling Italian carrier Alitalia said it lost euro620 million (US$767 million) in the first half of the year, almost double the airline&#39;s euro315 million (US$360 million) losses for the same period the previous year.