VimpelCom Ltd, a wireless operator controlled by Russian billionaire Mikhail Fridman, reported a fourth-quarter loss after writing down its Ukraine assets by $2.1 billion because of the country’s political turmoil.
Andrey Braginskiy says he took one look at the two-hour-long lines in a Sochi Olympic village store and figured he’d load up on souvenirs at the airport instead. He had no luck there either, finding vendors had sold out of the Team Russia backpack and scarf he coveted.
Yandex NV, the Russian Internet company whose shares doubled last year, surged in New York after signing a partnership with Facebook Inc. that will boost the search engine’s access to public information.
VimpelCom Ltd., the wireless carrier controlled by Russian billionaire Mikhail Fridman, climbed on speculation the company will sell or merge its Italian subsidiary Wind Telecomunicazioni SpA and cut debt.