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Shareholders of Deutsche Bank (DB) Thursday hit out against the high amount of legal provisions that are eating into the bank's profits and questioned whether they will be enough for the numerous legal disputes the bank is involved in.Union Investment fund manager Ingo Speich, who represents more than 8 million shares in Deutsche Bank, or about 0.9% of the equity capital, said the trust in the bank has been substantially undermined due to legal disputes, allegations of fraud and market manipulation, police raids and excessive bonus payments.Mr. Speich, echoing comments made by other shareholders in the crowded Frankfurter Festhalle, asked whether Deutsche Bank's litigation costs in 2013 would be below the 2012 figure.The bank said it was difficult to predict 2013 litigation costs. It had said, though, that litigation costs will remain high and that the first-quarter figure of EUR132 million shouldn't be taken as an indication for the full-year rate.In 2012, legal provisions of 2.6 bill...
ConocoPhillips (COP) Chief Executive Ryan Lance told shareholders at the company's annual meeting Tuesday that the company's long-awaited production growth rebound w...
The Obama administration is unlikely to make a decision on the Canada-to-Nebraska Keystone XL pipeline until late this year as it painstakingly weighs the project's ...
Canadian Natural Resources Minister Joe Oliver said the possibility of changes to a proposed European Union law that seeks to treat Canadian oil-sands crude as dirti...
The head of the U.S. Environmental Protection Agency on Wednesday gave the U.S. State Department's review of the proposed Keystone XL pipeline a 'C' grade, but said ...
German utility E.ON SE (EOAN.XE) said Wednesday that its power generation business across Europe remains under intense pressure as power prices are hovering around h...
The top speed of vans in the European Union should be electronically limited to 120 km (75 miles) per hour, according to a proposal backed by the European Parliament...
Czech power company CEZ AS (BAACEZ.PR) Tuesday surprised markets and posted an annual increase in first-quarter net profit as non-recurring items offset a steady dec...
Bill Daly and Tom Ruskin discuss charges against new suspects allegedly involved in providing some sort of assistance to the two main suspects
The U.K.'s energy regulator is launching an investigation into six energy companies for failing to meet energy efficiency targets set by the government, the Office o...
Electricite de France SA (EDF.FR) Tuesday confirmed its full-year financial objectives as it posted a 12.1% increase in first-quarter revenue, mostly due to the last...
Imperial Oil Ltd. (IMO) announced Saturday the start-up of the initial phase of its Kearl oil sands project in northeastern Alberta, a project the Calgary energy com...
Europe has gone from role model to "cheater" when it comes to climate protection, the chairman and CEO of E.ON AG said Saturday, urging tougher climate rules in Euro...
The House of Representatives approved a bill as expected on Wednesday declaring that a presidential permit was not needed to approve the Canada-to-Nebraska leg of th...
The chief executives of eight leading energy utilities Tuesday slammed the European Union's political leaders for the continent's fragmented energy policy and sought...
Hope is fading for a global deal to regulate the airline industry's greenhouse gas emissions ahead of a fall deadline, even though failure could push the industry ba...
Business leaders from across Europe met in Brussels on Thursday to discuss--among other things--a proposal from the European Commission to "reindustrialize Europe." ...
Stossel looks at a charter school in Oakland that may be shut down and examines school choices and education unions
Europe faces higher fuel costs than the United States and China for the foreseeable future and therefore needs to reconsider its reliance on energy-intensive industr...
ConocoPhillips (COP) Chief Executive Ryan Lance told shareholders at the company's annual meeting Tuesday that the company's long-awaited rebound in production growt...
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