Eon Ag News

Separately, analysts at Societe Generale upgraded shares of E.ON AG from a "hold" rating to a "buy" rating in a research note to investors on Monday, April 2nd.

Electricity for 2013 delivery in Germany, a European benchmark, slid to a record of 48.45 euros a megawatt-hour today, according to broker prices compiled by Bloomberg.

An employee passes electronic screens showing stock price movements inside the Athens Stock Exchange in Athens.

Eike Batista , Brazil 's richest man, is selling stakes in his holding company to international investors to help bolster confidence after shares of his largest unit slumped to the lowest in seven months.

German Chancellor Angela Merkel is tightening her grip on the biggest energy overhaul in the country's history, assigning a party enforcer to speed the transition amid signs her 12-month-old policy shift has stalled.

A group led by Macquarie Group Ltd. agreed to pay 3.2 billion euros to EON AG for a network of natural-gas pipelines in Germany.

E.ON AG agreed to sell its natural-gas transmission grid to a consortium led by Australian bank Macquarie Group Ltd.

EON AG, Germany's largest utility, selected a group led by Macquarie Group Ltd. to buy a network of natural-gas pipelines in the country, according to a person with knowledge of the matter.

Asian markets were down in overnight trading with the Hang Seng falling 1.30 percent after weak data out of China.

French utility GDF Suez is leading a consortium that has filed a definitive offer to buy the extensive pipeline network that German utility E.ON AG has up for sale, French daily Les Echos reported Friday, cited "several sources". The consortium includes CNP Assurances and IFM Australian Infrastructure Fund, the newspaper said.

RWE AG, Germany's second-biggest utility, said first-quarter profit dropped 20 percent as Chancellor Angela Merkel's nuclear phase-out curbed power- generation earnings and gas sales fell.

Louisville Gas and Electric Company and Kentucky Utilities Company announced that Chip Keeling, longtime spokesperson and vice president of Communications will retire at the end of May.

German utility E.ON AG Wednesday reported first-quarter results that were in line with market expectations and reiterated that it expects profits to rise this year and next.

Gas and electric utility E.ON AG says net income fell 23 per cent in the first quarter as demand for gas and power remain weak due to a troubled European economy.

EON AG, Germany's biggest utility, said first-quarter profit rose 27 percent after the company renegotiated natural-gas contracts and boosted sales in Russia.

German utility E.ON AG Thursday defended its push into emerging markets outside Europe to tap high energy demand growth, as shareholders voiced criticism of the plans and called on the company to conserve cash after huge write-downs on the European assets acquired in recent years."One gets the impression that E.ON earns money in Germany to burn it ... (more)

E.ON AG, Germany's largest utility, posted quarterly operating profit above expectations and kept its outlook for the current year.

German utility E.ON AG said Wednesday it expects operating profit and bottom-line earnings to have increased by over 8% and 30% respectively in the first quarter of the year, reiterating its 2012 financial outlook.

German utility E.On AG is close to selling its gas pipeline business, German daily Boersen-Zeitung reported Wednesday, citing Chief Financial Officer Marcus Schenck.