Major Milestone in Industry Growth: Schneider Exec

July 31 (Bloomberg) -- Emmanuel Babeau deputy CEO at Schneider Electric, talks with Alix Steel about his company’s $5.2 billion purchase of Invesys in order to gain access to software and control systems used by oil refineries and mining companies. He speaks on Bloomberg Television's "Bloomberg Surveillance."

The Crude Reality of BP's Sliding Profits
22:23 - BP Plc, the first oil major to report second-quarter results, said earnings fell 45 percent as lower crude prices continued to erode income and refining margins shrank. Profit adjusted for one-time items and inventory changes dropped to $720 million from $1.3 billion a year earlier, the company said Tuesday. That missed the $819 million average estimate of 13 analysts surveyed by Bloomberg. Downstream earnings, which include refining, declined 19 percent. Bloomberg's Ryan Chilcote reports and Source Head of Multi-Asset Research discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."
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