E.On joins rush to raise prices
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E.On becomes the latest of the big energy firms to increase prices of gas and electricity.
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The New York Stock Exchange  has  the means to up its offer for pan-European stock market  Euronext  if needed to thwart rival suitor Deutsche  Boerse (DB1Gn.DE), NYSE chief John Thain was quoted as saying  on Thursday.
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World oil prices bolted up to new record summits beyond 52 dollars on markets nervous about tight global supplies with winter looming in the northern hemisphere.
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As the euro rose above $1.42 to a new high against the dollar, the price of crude oil also hit a record, briefly surpassing $90 a barrel in after-hours electronic trading.
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Energy experts warn that the jump in the price of crude would raise prices for heating oil and gasoline in coming weeks.
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Consumer prices rose faster than most workers' wages last year, as surging energy prices pushed inflation to the highest level in four years, the Labor Department said yesterday.
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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.
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Business & money: Superstore groups prepare to stomach higher prices because of far east demand and biofuel incentives.
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German firm E.ON, the only bidder for Spain's Endesa, has raised its final offer after a lengthy takeover battle.
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The Anglo-Dutch oil firm sets out to woo investors by explaining how it will boost its oil reserves.
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Despite winning new support from European regulators, the German power company E.On was forced on Tuesday to raise its offer for the Spanish utility Endesa.
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A 2p increase in the average cost of petrol, as a result of surging crude oil prices, helped push UK inflation higher in October.
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Higher oil and food prices push up inflation in the eurozone to its highest in more than six years.
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Hershey Foods will be raising the price for many of its confectionery products.
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Rising energy and transport costs helped push inflation higher last month, raising the prospect that interest rates may increase next year.
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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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Energy customers are urged to switch suppliers after Npower follows the lead of rival British Gas by announcing big price increases.