Goldman shares rise on false SEC settlement rumor
NEW YORK (Reuters) – Goldman Sachs Group Inc shares rose as much as 5.4 percent on Friday on rumors of a possible settlement with regulators and a feeling that the stock could be oversold.
Buffett worried on inflation, Greek ‘high drama’
French Economy Minister Christine Lagarde earlier Saturday said he was expecting an aid package of around 100-120 billion euros ($133-$160 billion), and had “good hopes” an agreement could be reached by the end of this weekend.
LAGUNA NIGUEL, California (Reuters) – Oil major BP Plc plans to invest more than $1 billion (650 million pounds) this year on alternative energy development, the head of BP’s alternative energy unit said on Tuesday.
Stec continues to see inventory impa
BANGALORE, Feb 23 (Reuters) – Stec Inc, which makes flash memory storage products, posted quarterly earnings in line with estimates, but an inventory overhang at its top customer EMC Corp dampened first-quarter forecast and sent the company’s shares down 30 percent in extended trade.
Canada police search for “Chinese Warren Buffett”
TORONTO (Reuters) – Canadian police issued an arrest warrant on Wednesday for a man who promoted himself as the “Chinese Warren Buffett” but is accused in Canada of operating a C$30 million ($29 million) Ponzi scheme.
Conoco says Sweeny compressor shut during FCC start up
NEW YORK, Nov 5 (Reuters) – ConocoPhillips said on Thursday a hydrogen purification unit compressor shut briefly in association with start-up of a gasoline-making fluid catalytic cracker at its Sweeny, Texas, refinery.
A Morgan Stanley star falls in China Interviews with those who know and have worked with him say his story is one of an ambitious and hard-working expatriot who appears to have crossed the line in his zeal to get ahead in the Chinese business world.
In the story on Garth Peterson he is called an ‘expatriot’ which would make him a Benedict Arnold or a turncoat. Given the context of the story it would seem the correct word would be ‘expatriate,’ defined as a person who has withdrawn from his native land, but not a former citizen or supporter.