ForbesOnline Media OutletLost independenceMaterialsInfoFound 37 materialsBy relevanceOldest firstNewest firstBy relevanceForbes·May 24, 2011Prokhorov: big business is showing interest in “Right Cause”Mikhail Prokhorov (No. 3 on Forbes ' list of Russia's 200 richest businessmen , net worth $18 billion), considered the most likely contender for the post of Right Cause chairman, said Tuesday that a number of major Russian businessmen are already showing interest in the party. In a conversation with journalists, he clarified that the project is attractive not only to his business colleagues, but also to doctors, engineers and representatives of other professions.Our archive does not currently contain the full version of this documentPreserved copyLink to original versionForbes·May 24, 2011Sitronics and Troika Dialog became shareholders of UECThe new shareholders of OJSC Universal Electronic Card (UEC), the operator for issuing a single citizen card, are Sitronics and Troika Dialog, the UEC said in a statement. In August 2010, UEC OJSC was appointed as the federal authorized organization for the issuance and maintenance of a single citizen card. The initiator of the project was Sberbank, recalls RIA Novosti .Our archive does not currently contain the full version of this documentPreserved copyLink to original versionForbes·May 24, 2011The Board of Directors of Polymetal recommended not to pay dividends for 2010The Board of Directors of JSC Polymetal at a meeting on Tuesday recommended that shareholders not pay dividends based on the results of the 2010 financial year, the company reported. The annual meeting of shareholders of the joint-stock company will be held on June 29 in St. Petersburg, the register of shareholders is compiled as of May 24. In 2010, Polymetal received $250 million in net consolidated profit under US GAAP, Interfax recalls .Our archive does not currently contain the full version of this documentPreserved copyLink to original versionForbes·May 24, 2011Transneft plans to increase dividends by 25.7% based on the results of 2010On May 24, the Board of Directors of Transneft decided to recommend to the annual meeting of shareholders to pay dividends based on the results of 2010 in the total amount of 1,223,435,540.73 rubles, the company said in a statement. It is proposed to allocate 734.07 million rubles, or 132.34 rubles per share, to pay dividends on ordinary shares (5,546,847 shares), and 489.366 million rubles, or 314.73 rubles per share, on preferred shares (1,554,875 shares). .Our archive does not currently contain the full version of this documentPreserved copyLink to original versionForbes·May 24, 2011Soyuz with three cosmonauts successfully landed in KazakhstanIn the Kazakh steppe on the morning of Tuesday, May 24, the descent module of the Soyuz TMA-20 spacecraft landed. As reported by RIA Novosti with reference to the Flight Control Center (MCC), specialists of the search and rescue group have already opened the capsule hatch and are evacuating the crew members. The Soyuz transported Russian cosmonaut Dmitry Kondratyev, European Space Agency astronaut Paolo Nespoli and NASA astronaut Catherine Coleman to Earth from the ISS.Our archive does not currently contain the full version of this documentPreserved copyLink to original versionForbes·May 24, 2011Yandex raised $1.3 billion during its IPOThe Dutch Yandex N. V, which owns 100% of the Yandex search engine, conducted an IPO on the Nasdaq exchange (ticker YNDX) on the night of Tuesday, May 24. During the placement, investors purchased 52.2 million shares of the company for $1.3 billion, Bloomberg reports , citing sources familiar with the situation. The day before, Yandex, as expected , in conditions of increased demand, changed the upper threshold of the offering price from $22 to $25 per security.Our archive does not currently contain the full version of this documentPreserved copyLink to original versionForbes·May 24, 2011Sky Express fined 30,000 rubles for delaying 2 flights to the Czech RepublicSky Express Airlines was fined 30,000 rubles for delaying flights to the Czech Republic in March, the press service of the Moscow transport prosecutor's office reported.Our archive does not currently contain the full version of this documentPreserved copyLink to original versionForbes·May 24, 2011The Moscow City Court remains MosgorshtampThe sentence against Khodorkovsky and Lebedev stands; the sentence has been reduced from 14 to 13 years The sentence to Khodorkovsky and Lebedev was changed in the cassation instance - the Moscow City Court: instead of 14 years - 13 years in prison. Accordingly, the main plunderers of the oil they themselves extracted will be released not on the centenary day of the Great October Socialist Revolution, but a year earlier. Probably to avoid bad associations.Андрей КолесниковOur archive does not currently contain the full version of this documentPreserved copyLink to original versionForbes·May 24, 2011Medvedev signed a decree on the creation of an intellectual property serviceRussian President Dmitry Medvedev signed a decree on the creation of the Federal Service for Intellectual Property. The head of state himself announced this on Tuesday at a meeting of the commission on modernization and technological development of the economy.Our archive does not currently contain the full version of this documentPreserved copyLink to original versionForbes·May 24, 2011Belarus will receive $1.24 billion from the EurAsEC fund in 2011On June 4, the EurAsEC countries will make a final decision on providing a loan to Belarus. Deputy Prime Minister and Minister of Finance of Russia Alexei Kudrin announced this on Tuesday. According to him, out of the total loan amount of $3 billion, $1.24 billion will be allocated this year, including the first tranche of $800 million. At the end of last week, Minsk and Moscow once again discussed the terms of the loans, but there was no final clarity on this issue, recalls RIA Novosti .Our archive does not currently contain the full version of this documentPreserved copyLink to original versionForbes·May 24, 2011Yandex shares increase by more than 30% during first trading on NasdaqYandex shares increased in price by 31.32% during the first trading session on the American Nasdaq exchange, according to exchange data. As of 19:10 Moscow time, the Russian Internet giant's shares were trading at $32.83 per share. Earlier on Tuesday, the company announced that the price of its Class A shares in the initial public offering (IPO) on the American Nasdaq exchange was set at $25 per security, or at the upper limit of the previously determined price range of $24-25.Our archive does not currently contain the full version of this documentPreserved copyLink to original versionForbes·May 24, 2011The price of oil rose to $98.9 after the sharpest drop in a weekOil prices rose in trading on Tuesday after its sharpest fall in more than a week, as signs of dwindling inventories and a weaker dollar boosted the appeal of oil assets, Bloomberg reported . The cost of July futures contracts for WTI oil in electronic trading on the New York Mercantile Exchange (NYMEX) by 14:16 Moscow time increased by $1.2 (1.23%) compared to the level of May 23 – to $98.9 per barrel.Our archive does not currently contain the full version of this documentPreserved copyLink to original versionForbes·May 24, 2011Cherkizovo Group reduced profits by 42% in the first quarterOJSC Cherkizovo Group in the first quarter of this year reduced net profit according to US GAAP by 42% - to $18.4 million compared to $31.9 million in the first quarter of last year, according to a company press release. In ruble terms, this figure decreased by 44% - to 537.2 million rubles against 952.3 million rubles in January-March 2010. Analysts predicted a decrease in the company's net profit, but in much smaller numbers.Our archive does not currently contain the full version of this documentPreserved copyLink to original versionForbes·May 24, 2011Hungarian authorities bought out Surgutneftegaz's share in MOLThe Hungarian authorities bought out the stake of Surgutneftegaz OJSC in MOL, Reuters reported, citing Prime Minister Viktor Orban. The head of government emphasized that the deal was the result of a “persistent struggle” and expressed satisfaction that “one of the most important corporations” has returned to state control. The market value of the stake purchased by Hungary today is estimated at $2.6 billion.Our archive does not currently contain the full version of this documentPreserved copyLink to original versionForbes·May 24, 2011The government returned for revision the draft resolution on the gas exchangeThe Russian government has once again returned the draft resolution “On the sale of gas using exchange technologies” to the Ministry of Energy for revision.Our archive does not currently contain the full version of this documentPreserved copyLink to original versionPrevious123NextShow more