Veolia Environnement SA wants to almost double sales from the food processing industry within the next few years as part of an effort by Europe’s biggest water utility to boost contracts with industry.
U.S. stocks rose, with the Standard & Poor’s 500 Index and the Dow Jones Industrial Average closing at records, as jobless claims unexpectedly fell and measures of consumer confidence beat estimates. Treasuries dropped while crude oil tumbled as a report showed U.S. supplies climbed.
Vivendi SA, debating how to spend what remains of the $14 billion from asset sales after cutting debt, is done with big acquisitions for now as the board favors returning surplus cash to investors in the next six months.
Societe Nationale Maritime Corse Mediterranee, a money-losing French ferry operator partly owned by Veolia Environnement SA, must repay an extra 220 million euros ($296 million) in illegal subsidies, regulators said.