Gazprom's 1Q profit down 62 pct to $3.3 bln

Gazprom profit down one-third in Jan-Sept period
Russia's natural gas monopoly OAO Gazprom said Monday its profit for the first nine months of last year fell more than one-third compared with a year earlier.

Russia's Putin: France backs South Stream pipeline
French electricity giant EDF will join Russia's Gazprom in supporting the South Stream gas pipeline under the Black Sea, Russian Prime Minister Vladimir Putin said Friday.

Applied Industrial 1Q income cut in half
Industrial parts distributor Applied Industrial Technologies Inc. on Tuesday reported a 50 percent drop in fiscal first-quarter profit, but the company said sales improved from the previous...

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