Chile’s Endesa Plans to Invest $1 Billion in 2009

By Nathan Gill April 30 (Bloomberg) — Empresa Nacional de Electricidad SA, Chile’s biggest power generator, said it plans to invest about $1 billion this year to expand capacity. The Santiago-based company known as Endesa will invest in wind farms, a natural gas plant and a coal steam plant, adding 680 megawatts of capacity, Chief… Read More Chile’s Endesa Plans to Invest $1 Billion in 2009

Endesa Chile First-Quarter Profit More Than Doubles

By Nathan Gill and James Attwood April 29 (Bloomberg) — Empresa Nacional de Electricidad SA, Chile’s biggest power generator, said first-quarter profit more than doubled as revenue rose in Chile. Net income rose to 166 billion pesos ($283 million) from 68.4 billion pesos a year earlier, the Santiago-based company said today in an e-mailed statement.… Read More Endesa Chile First-Quarter Profit More Than Doubles

Lan Airlines Profit Falls 35% on Fuel-Hedging Loss

By Nathan Gill April 28 (Bloomberg) — Lan Airlines SA, Chile’s biggest carrier, reported a 35 percent drop in first quarter profit after losing $57.9 million from wrong way bets on fuel prices. Net income slipped to $65 million from $99.6 million a year earlier, the carrier said in an e-mailed statement today. The airline reported… Read More Lan Airlines Profit Falls 35% on Fuel-Hedging Loss

Chile’s Pinera Transfers Assets, Seeks Advice on Lan Airlines

By Nathan Gill and James AttwoodApril 27 (Bloomberg) — Sebastian Pinera, the presidential candidate for the Alliance for Chile coalition, said he’s taking advice on how to sell his stake in Lan Airlines SA and placed shares of other companies he owns in a blind trust. Pinera, who lost the last presidential election in 2005… Read More Chile’s Pinera Transfers Assets, Seeks Advice on Lan Airlines

Chile Police Use Teargas to Break Up Strike Protests

By Nathan Gill and Sebastian Boyd April 16 (Bloomberg) — Chilean police used teargas and water cannons to break up demonstrations in Santiago as unions called a national strike to protest layoffs and demand higher taxes on the rich. About 12,000 people marched today in support of the strike, according to Radio Cooperativa. Chile job… Read More Chile Police Use Teargas to Break Up Strike Protests

Chile’s Pharmacy Fasa to Reimburse Customers for Inflating Drug Prices

By Nathan Gill and James Attwood April 16 (Bloomberg) — Farmacias Ahumada SA, Chile’s second-biggest drugstore chain known as Fasa, will reimburse customers hit by inflated medicine prices. Fasa plans to return 2.5 billion pesos ($4.3 million) through refunds or credit for new purchases, Alejandro Rosemblatt, the company’s chief executive, told reporters in Santiago today.… Read More Chile’s Pharmacy Fasa to Reimburse Customers for Inflating Drug Prices