At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once again. Video
NEW YORK - Dish Network Corp said it would not make a new offer to buy No. 3 U.S. wireless provider Sprint Nextel in time for a Tuesday deadline and will instead focus on its tender offer for Clearwire Corp.
WASHINGTON - Small business optimism rose to a one year-high in May, a hopeful sign for an economy that has hit a soft patch.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
E.ON says it does not plan to spin off renewable-energy business
BERLIN (Reuters) - Germany's biggest utility, E.ON, denied that it is planning to spin off its renewable-energy business as part of its debt-reducing disposal program.
"There are no plans to spin off the division," an E.ON spokesman told Reuters on Sunday.
Without citing its source, German magazine Der Spiegel had reported that E.ON plans to create a separate entity for its renewable-energy division, which includes wind parks, biogas plants and solar farms, for a later stock market listing.
The Duesseldorf-based company has sold assets worth about 17 billion euros ($22 billion) to shrink its 36 billion euro debt pile as it contends with a weakening European power market.
E.ON said in January that it was extending its asset disposal target by about 3 billion euros to a total of 20 billion euros, announcing goals to sell its stake in uranium enrichment company Urenco and some holdings in local utilities.
(Reporting by Matthias Inverardi, writing by Andreas Cremer; Editing by David Goodman)
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