Areva backing off African mines and US reactors

Areva may proceed more slowly with spending on African mines and plant construction in the U.S. The decision was designed to mitigate the negative effects on the company's cash flow and debt. Areva fell 93 cents, or 3.4 percent, to 26.27 euros at 1:21 p.m. in Paris. The stock has dropped 28 percent this year.