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The Guardian: Business news in brief

Wednesday November 15, 2006

Reuters pays $7m to put bloggers in the news

Reuters has invested $7m (£3.7m) in an internet startup, aiming to push the world of blogging further into the mainstream. Texas dotcom firm Pluck brings together almost 3,000 highly rated blogs and syndicates them to news media organisations for use on their websites.

The service covers subjects such as politics, sports, technology and travel, and has negotiated deals with news groups including the Washington Post and Guardian Unlimited. As part of the agreement, Reuters will syndicate third-party blog content alongside its news and information.
Bobbie Johnson

Gazprom signs ‘strategic’ deal with Italian group

The oil and gas companies Gazprom of Russia and ENI of Italy yesterday signed a “broad strategic alliance” that could further challenge the role of BP and Shell in Russia and elsewhere. ENI’s chief executive, Paulo Scaroni, described it as an “historic agreement” that represented a big step towards energy security in Italy.

The two companies had identified projects, including in Russia, that would be jointly owned, he said. Analysts see it as a political move by Gazprom to increase its technology and skills base when it is trying to muscle in on domestic gas schemes such as Shell’s Sakhalin-2.
Terry Macalister

http://business.guardian.co.uk/story/0,,1947753,00.html

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