Feb 09, 2013 22:04 EST
The US government's $5 billion lawsuit against Standard & Poor's for exaggerating mortgage bond ratings in 2007 has cast a pall over the ratings industry and exposed its role in the financial crisis.
Feb 08, 2013 02:04 EST
Farm commodities supplier Olam reported a near 20 percent jump in quarterly net profit but US-based short-seller Muddy Waters on Friday maintained its "strong sell" rating on the Singapore company.
Dec 06, 2012 00:57 EST
Shares in farm commodities supplier Olam tumbled for a second day on Thursday on lingering doubts about its financial health despite a $1.25 billion rights issue backed by Singapore's Temasek Holdings.
Dec 05, 2012 12:06 EST
Farm commodities supplier Olam's shares tumbled sharply Wednesday as investors thumbed down its move to tap the capital markets amid claims by an influential US-based short-seller it was in danger of collapse.
Dec 04, 2012 13:42 EST
Farm commodities supplier Olam on Tuesday parried the latest salvo by US-based short seller Muddy Waters after bringing out its "big gun" Temasek Holdings to support a $1.25 billion bond and warrant sale.
Dec 04, 2012 00:34 EST
Shares in farm commodities supplier Olam surged Tuesday after it announced a $1.25 billion bond issue, but US-based short seller Muddy Waters warned the move would only postpone its collapse.
Nov 30, 2012 06:28 EST
Farm commodities trader Olam's chief executive on Friday bought one million shares in the firm to boost shareholder confidence amid a withering attack from influential US short-seller Muddy Waters.
Nov 30, 2012 01:15 EST
US-based short-seller Muddy Waters threatened to counter-sue farm commodities trader Olam and its chief executive for defamation as a war of words between the companies escalated.
Nov 29, 2012 06:23 EST
Olam International shares rebounded Thursday, recouping some of the losses in previous sessions as Singapore state investment fund Temasek said it was keeping its 16 percent stake in the farm commodities trader.
Nov 28, 2012 16:13 EST
Bloggers, "crowdsourcing" and computer-generated articles are making contributions to the news media, but they cannot replace professional journalists in digging up important news.
Nov 28, 2012 00:30 EST
Olam International said there was no risk of it becoming insolvent after a US research firm warned that the Singapore farm commodities giant could collapse like US energy trader Enron.
Nov 27, 2012 11:21 EST
An influential US research firm on Tuesday said Singapore-based farm commodities giant Olam International faced a "significant risk" of default and likened it to failed energy trader Enron Corp.
Apr 16, 2012 14:14 EDT
The US Supreme Court Monday turned down the latest appeal by former Enron CEO Jeffrey Skilling to overturn his conviction for his role in the energy giant's spectacular 2001 collapse.
Mar 02, 2012 13:22 EST
NEW YORK (Reuters) - Wall Street's biggest banks are locked in an increasingly frantic struggle with the Federal Reserve over the right to retain the jewels of their commodity trading empires: warehouses, storage tanks and other hard assets worth billions of dollars.
Mar 02, 2012 13:04 EST
(Reuters) - JPMorgan Chase & Co. is looking to sell its metal concentrates business due to U.S. regulatory restrictions following its acquisition of RBS Sempra Commodities, and currently faces a deadline of mid-year, industry sources told Reuters.
Mar 02, 2012 08:07 EST
NEW YORK (Reuters) - Blythe Masters, JPMorgan's global head of commodities, has steered the bank's expanded franchise to record revenues exceeding $2.8 billion in 2011, more than long-time industry leaders Goldman Sachs and Morgan Stanley, the three banks' data showed this week.
Feb 27, 2012 15:12 EST
People from the wealthy upper classes are more likely than poorer folks to break laws while driving, take candy from children and lie for financial gain, said a US study on Monday.
Feb 21, 2012 15:39 EST
HOUSTON (Reuters) - Big energy companies like Royal Dutch Shell and commodity merchants like Cargill have a simple argument in pushing back against looming new swap market rules: We're not a bank, so don't regulate us like one.
Feb 17, 2012 17:01 EST
(Reuters) - For the dozen or so niche hedge funds that make their money in the natural gas market, January's wild trading should have come as a welcome relief.
Feb 13, 2012 08:03 EST
(Reuters) - Apple Inc <AAPL.O> has the best image of any American company, scoring a record high in a new reputation study, while financial institutions filled the ranks of the worst.
Facts from the Wikipedia page:
|Former type||Defunct / Asset-less Shell|
|Founded||Omaha, Nebraska, 1985|
|Headquarters||Houston, Texas, United States|
|Key people||Kenneth Lay, Founder, former Chairman and CEO|
Jeffrey Skilling, former President, CEO and COO
Andrew Fastow, former CFO
Rebecca Mark-Jusbasche, former Vice Chairman, Chairman and CEO of Enron International
Stephen F. Cooper, Interim CEO and CRO
John J. Ray, III, Chairman
|Revenue||$101 billion (in 2000)|
|Employees||approx. 22,000 in 2000|