On the radar
by Abrahm Lustgarten and Barney Gimbel, FSB Magazine

(FORTUNE Magazine) -- Russian oil's on fire

President Vladimir Putin is already a major player in the global oil market. His country controls more than 5% of the world's reserves, after all. But the status of Putin and Russia as titans in the crude business should be sealed in mid-July, when state-owned oil giant Rosneft floats an IPO in Moscow and London that's expected to bring in $15 billion.

The offering, the third-largest IPO in history, certainly sounds juicy. Rosneft has bigger oil reserves than Exxon Mobil (Charts), its profits have nearly quintupled since 2004, and it is a Kremlin favorite. But there's a catch. About 70% of Rosneft's output comes from a subsidiary of rival Yukos, acquired after its CEO, Mikhail Khodorkovsky, was jailed on tax evasion charges. Still, at the right price, demand for Rosneft stock will be strong--even if some investors have bought the assets once before.- Barney Gimbel

Scrap it and start over

Attendees at the Farnborough Air Show in Britain will have more than biplanes and stunts to look forward to July 17. Airbus, after receiving complaints from carriers that its A350 jetliner is too small, too slow, and too inefficient, is expected to unveil a completely redesigned version of the airplane. The company's goal: Catch Boeing, whose midsized 787 has netted more than twice as many orders as the A350. - Abrahm Lustgarten  Top of page

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.