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Short & distort? The ugly war between CEOs and activist critics

16 mins ago DieselGasoil Comments Off on Short & distort? The ugly war between CEOs and activist critics
NEW YORK (Reuters) – On the morning of July 11, Paul Pittman was on a corn farm in Western Illinois, unaware his company had taken a devastating hit. Joshua Mitts, Associate Professor of Law at Columbia University in New York City, is seen in this undated photo released from New York, NY, U.S., March 8, Read More

Russian metals tycoon Deripaska sues U.S. over sanctions

5 days ago DieselGasoil Comments Off on Russian metals tycoon Deripaska sues U.S. over sanctions
WASHINGTON/NEW YORK (Reuters) – Russian tycoon Oleg Deripaska sued the United States on Friday, alleging that it had overstepped its legal bounds in imposing sanctions on his companies and made him the “latest victim” in the U.S. probe into Moscow’s alleged political interference. FILE PHOTO: Russian aluminium tycoon Oleg Deripaska and Industry and Trade Minister Read More

Sports Direct offers Debenhams loan in return for more equity

1 week ago DieselGasoil Comments Off on Sports Direct offers Debenhams loan in return for more equity
(Reuters) – Sports Direct said on Wednesday it offered Debenhams an interest-free loan in return for a further 5 percent stake, just as the department store chain was on the brink of securing funds to fend off a bid from Sports Direct’s founder, Mike Ashley, to take charge of the company. FILE PHOTO: Mike Ashley, Read More

Trump's EPA unveils plan to pump up ethanol as Big Oil cries foul

1 week ago DieselGasoil Comments Off on Trump's EPA unveils plan to pump up ethanol as Big Oil cries foul
(Reuters) – The U.S. Environmental Protection Agency on Tuesday released its proposed rule lifting a summer ban on higher-ethanol blends of gasoline to help farmers, putting the agency on a collision course with Big Oil which has called the move illegal. U.S. Environmental Protection Agency Administrator Andrew Wheeler speaks at a media briefing at CERAWeek Read More

Ending war with another war? Erik Prince wants to send 1,000s of mercenaries to fix Afghan quagmire

1 week ago DieselGasoil Comments Off on Ending war with another war? Erik Prince wants to send 1,000s of mercenaries to fix Afghan quagmire
Founder of the notorious Blackwater firm Erik Prince wants to end the 18-year Afghan stalemate with… another war which could see 6,000 mercenaries replace US troops on the ground once they leave the country. Prince, a private war mogul who made a fortune during the post-9/11 conflicts, believes he has a recipe for bringing the Read More

Exclusive: U.S. EPA aims to curb biofuel credit speculation by blocking outsiders

2 weeks ago DieselGasoil Comments Off on Exclusive: U.S. EPA aims to curb biofuel credit speculation by blocking outsiders
WASHINGTON (Reuters) – The Environmental Protection Agency will attempt to stamp out speculation in the U.S. biofuel credit market by barring trading by non-industry players, publicizing large positions, and improving price transparency, a source familiar with the agency’s proposals told Reuters on Thursday. FILE PHOTO: The U.S. Environmental Protection Agency (EPA) sign is seen on Read More

Congo lost $617 million dispute before approving oil deal

2 weeks ago DieselGasoil Comments Off on Congo lost $617 million dispute before approving oil deal
By William Clowes on 3/7/2019 KINSHASA (Bloomberg) — An international court ordered the Democratic Republic of Congo to pay DIG Oil Ltd of South Africa $617 million for failing to honor two oil contracts, weeks before outgoing President Joseph Kabila finally approved one of the deals.  The previously undisclosed ruling is the latest twist in Read More

Former NY Mayor Bloomberg to forgo 2020 White House bid, will focus on climate change

2 weeks ago DieselGasoil Comments Off on Former NY Mayor Bloomberg to forgo 2020 White House bid, will focus on climate change
(Reuters) – Former New York City Mayor Michael Bloomberg will not seek the Democratic nomination for U.S. president in 2020 but will instead launch an effort aimed at combating climate change, he said on Tuesday. A billionaire who could have sunk millions of his own dollars into a campaign, Bloomberg had publicly toyed with running Read More

Kylie Jenner becomes youngest self-made billionaire ever

2 weeks ago DieselGasoil Comments Off on Kylie Jenner becomes youngest self-made billionaire ever
Kylie Jenner has been named the youngest self-made billionaire of all-time, thanks to the booming cosmetics company she founded just three years ago. The 21-year-old, who is the half-sister of reality television stars Kim, Khloe and Kourtney Kardashian, has made it onto the annual Forbes list of billionaires. She has a net worth of $1bn Read More