BUSINESS NEWS - 2nd UPDATE: Union Fenosa 4Q Net Pft +4.6%; Higher Pool Prices - Wall Street Journal BUSINESS NEWS - 2nd UPDATE: Union Fenosa 4Q Net Pft +4.6%; Higher Pool Prices - Wall Street Journal

Thursday, January 29, 2009

BUSINESS NEWS - 2nd UPDATE: Union Fenosa 4Q Net Pft +4.6%; Higher Pool Prices - Wall Street Journal

MADRID (Dow Jones)--Spanish electricity company Union Fenosa SA (UNF.MC) said Thursday its fourth-quarter net profit rose 4.6%, due to extraordinary gains and higher pool prices. Net profit rose to EUR295.2 million from EUR282.1 million a year in Dow Jones News >

DAVOS, Switzerland (Dow Jones)--Top oil chiefs warned Thursday that the oil sector is at risk of cutting too much investment amid the global economic downturn and may end up laying the foundation for sharply higher prices when economic activity in Dow Jones News >

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