Russian prosecutors seize tycoons' 44% Yukos stake: move raises concern Putin is overreaching in squeeze on business

Article Abstract:

Russian prosecutors seized a Yukos Oil Co. stake totaling 44%, fueling concerns that privatization deals formed during the 1990s are at risk. The oil firm's officials and its chief executive, Mikhail Khodorkovsky, are under investigation for tax evasion and securities fraud.

Legal issues & crime, Crude Petroleum & Natural Gas, Securities issued, listed, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Securities & Commodities Regulatn, Petroleum refining, Company legal issue, Investigations, Securities fraud, Securities law, Company securities, Tax evasion, Khodorkovsky, Mikhail

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Earnings rebound at Yukos sets off month-long rally

Article Abstract:

OAO Yukos saw its share value almost double in the past month to $1.31 per share as the company posted strong earnings for the 1999 year. However, some analysts still see Yukos as a risky investment.

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Oil giants remain steady performers: Russia's stock rally may ride on talks about oil output

Article Abstract:

The value of Russian oil company stocks are expected to improve if the country cooperates with OPEC's request to cut production. If the company refuses, stock prices may drop.

Administration of General Economic Programs, Trade Relations, International trade, International economic relations, Trade policy

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