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Hess Corp to sell Russian unit to LUKOIL for $2.05 billion

2013-04-01 18:09:17| Oil & Gas - Topix.net

Stocks fell modestly on Monday after weaker-than-expected U.S. manufacturing data and the Dow and S&P 500 slipped from record closing highs reached on Thursday.

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Russian government selectively blocks site access

2013-04-01 15:35:42| CNET News.com

The country is taking advantage of a new law signed last year that requires major Web sites to restrict that material officials find objectionable. [Read more]

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Cyprus crisis: No Russian bailout

2013-04-01 12:37:12| BBC News | Business | UK Edition

The Russian government says it will not compensate Russian savers who have lost money in the Cyprus banking crisis.

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Happy 60th, Peeps! Unkosher Easter Candy Invented (Sort of) by Russian Jewish Immigrant

2013-04-01 01:05:39| Food - Topix.net

For the record, because I keep kosher, I've never eaten a "Peep" , but if you are Christian and celebrate Easter, you've probably had the marshmallow confections that come in many colors, are in the form of chicks and bunnies, and are traditionally eaten on or around Easter.

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Tele2 to sell Russian operations for USD 2.4 bln

2013-03-28 08:43:00| Telecompaper Headlines

(Telecompaper) Tele2 has agreed to sell its mobile operations in Russia to the bank VTB for USD 2.4 billion plus USD 1.15 billion in net debt. The deal values Tele2 Russia, the fourth-largest mobile operator in Russia with almost 23 million customers, at 4.9 times EBITDA for 2012. Tele2 said it expects a capital gain of SEK 15.6 billion on the sale, of which SEK 12.5 billion or SEK 28 per share will be distributed to shareholders. The remainder will be re-invested in its business, with a renewed focus on the markets Sweden, the Netherlands, Norway and Kazakhstan. VTB said it sees the takeover as a good financial investment, and it will seek financial and strategic partners to further develop the company. Bloomberg reports that Russian telecoms investor Alfa, which controls rival mobile operator Vimpelcom, has already expressed interest in taking over Tele2 Russia for USD 3.6-4.0 billion.

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