Sarkozy backtracks on national energy champion

Nicolas Sarkozy, the French interior minister, has raised the prospect of limiting a deal between Gaz de France and Suez to cross shareholdings rather than a full blown merger, ahead of a crucial debate in the French parliament today.

Sarkozy's proposal follows mounting political turbulence in France threatening to scupper the €34.7bn ($44.7bn) merger.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire