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Hong Kong billionaire’s Husky bet loses over 80% in a decade

3 days ago DieselGasoil Comments Off on Hong Kong billionaire’s Husky bet loses over 80% in a decade
By Michael Bellusci on 8/20/2019 TORONTO (Bloomberg) – Hong Kong billionaire Li Ka-shing’s oil sands investment is hurting — and some analysts are calling on him to stop the bleeding. Shares of Calgary-based Husky Energy Inc. have plummeted over 80% since its 2008 peak on a myriad of reasons: a slump in oil prices, a Read More

The future of pedophile Jeffrey Epstein’s fortune shrouded in mystery after his death

1 week ago DieselGasoil Comments Off on The future of pedophile Jeffrey Epstein’s fortune shrouded in mystery after his death
Millionaire sex offender Jeffrey Epstein’s death has raised many questions. With his accusers seeking compensation, there is speculation about where his wealth came from, how much there is, and what happens to his fortune now. The 66-year-old, who was arrested and jailed on July 6 on charges of sexually abusing and trafficking underage girls, was Read More

Factbox: Merged CBS and Viacom aim to join U.S. media big league

1 week ago DieselGasoil Comments Off on Factbox: Merged CBS and Viacom aim to join U.S. media big league
(Reuters) – CBS Corp (CBS.N) and Viacom Inc (VIAB.O) on Tuesday reached a deal to reunite media mogul Sumner Redstone’s U.S. entertainment empire after 13 years apart. FILE PHOTO: The CBS broadcasting logo is seen outside the CBS Broadcast Center in Manhattan, New York, U.S., July 30, 2018. REUTERS/Shannon Stapleton/File Photo The deal brings together Read More

CBS, Viacom reunite with plans for bigger role in streaming TV wars

1 week ago DieselGasoil Comments Off on CBS, Viacom reunite with plans for bigger role in streaming TV wars
(Reuters) – CBS Corp (CBS.N) and Viacom Inc (VIAB.O) have reached a deal to reunite media mogul Sumner Redstone’s U.S. entertainment empire, betting that a larger company will be able to compete and partner better in a media industry dominated by giants. FILE PHOTO: A trader works below the CBS Corporation logo on the floor Read More

CBS, Viacom reach deal to reunite Sumner Redstone’s media empire

1 week ago DieselGasoil Comments Off on CBS, Viacom reach deal to reunite Sumner Redstone’s media empire
FILE PHOTO: A trader works below the CBS Corporation logo on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., May 14, 2018. REUTERS/Lucas Jackson/File Photo (Reuters) – CBS Corp (CBS.N) and Viacom Inc (VIAB.O) have reached a deal to reunite media mogul Sumner Redstone’s U.S. entertainment Read More

Chinese metal mogul indicted in US for fraud & tax evasion

3 weeks ago DieselGasoil Comments Off on Chinese metal mogul indicted in US for fraud & tax evasion
A Chinese billionaire has been indicted by a US grand jury. He is accused of smuggling huge amounts of aluminum into the United States without paying customs duties. Liu Zhongtian allegedly evaded some $1.8 billion in tariff payments to the United States with an elaborate scheme he executed through metals giant Zhongwang Holdings Ltd, where Read More

Hawaii governor declares emergency for Maui wildfires

1 month ago DieselGasoil Comments Off on Hawaii governor declares emergency for Maui wildfires
HONOLULU (Reuters) – Hawaii’s governor on Friday declared an emergency on the island of Maui, where firefighters were battling a blaze that forced the evacuations of thousands of people and sent huge clouds of smoke billowing over nearby beaches. Although most of the evacuees were later allowed to return home, the blaze more than tripled Read More