Joshua's Feed
Jun 14, 2013

Special Report: Lack of a prenup imperils oil billionaire’s fortune

OKLAHOMA CITY (Reuters) – The divorce of oil baron Harold Hamm has had its dramatic moments. Among them: allegations that Harold was unfaithful – and a heated debate over whether the court should order his wife, Sue Ann, to turn over secret video and audio recordings she made of him at home.

But the split of the Continental Resources chief executive’s fortune, worth at least $11 billion, could turn on the absence of a single document – and result in the largest divorce settlement in history.

May 3, 2013

At Texas fertilizer plant, a history of theft, tampering

NEW YORK (Reuters) – The Texas fertilizer plant that exploded two weeks ago, killing 14 people and injuring about 200, was a repeat target of theft by intruders who tampered with tanks and caused the release of toxic chemicals, police records reviewed by Reuters show.

Police responded to at least 11 reports of burglaries and five separate ammonia leaks at West Fertilizer Co over the past 12 years, according to 911 dispatch logs and criminal offense reports Reuters obtained from the McLennan County Sheriff’s office in Waco, Texas through an Open Records Request.

May 3, 2013

Exclusive: At Texas fertilizer plant, a history of theft, tampering

NEW YORK (Reuters) – The Texas fertilizer plant that exploded two weeks ago, killing 14 people and injuring about 200, was a repeat target of theft by intruders who tampered with tanks and caused the release of toxic chemicals, police records reviewed by Reuters show.

Police responded to at least 11 reports of burglaries and five separate ammonia leaks at West Fertilizer Co over the past 12 years, according to 911 dispatch logs and criminal offense reports Reuters obtained from the McLennan County Sheriff’s office in Waco, Texas through an Open Records Request.

Apr 20, 2013

Texas fertilizer company didn’t heed disclosure rules before blast

NEW YORK, April 20 (Reuters) – The fertilizer plant that
exploded on Wednesday, obliterating part of a small Texas town
and killing at least 14 people, had last year been storing 1,350
times the amount of ammonium nitrate that would normally trigger
safety oversight by the U.S. Department of Homeland Security
(DHS).

Yet a person familiar with DHS operations said the company
that owns the plant, West Fertilizer, did not tell the agency
about the potentially explosive fertilizer as it is required to
do, leaving one of the principal regulators of ammonium nitrate
- which can also be used in bomb making – unaware of any danger
there.

Apr 19, 2013

Before Texas plant exploded: What did regulators know?

HOUSTON/NEW YORK, April 19 (Reuters) – Despite being located
within a short walk of a nursing home, school and residential
buildings, West Fertilizer Co in central Texas had no blast
walls and had filed no contingency plan to the Environmental
Protection Agency for a major explosion or fire at the site.

It remains unclear what safety measures, if any, were
required of the company or whether West Fertilizer failed to
comply. But on Wednesday night, the company’s fertilizer complex
in West, Texas – population, 2,600 – exploded with such force
that 60 to 80 homes were flattened, the school and nursing home
took heavy damage and at least 14 people were killed,
authorities said.

Mar 21, 2013

Looming divorce could threaten U.S. oil baron’s empire

ATLANTA/NEW YORK, March 21 (Reuters) – Continental Resources
chief executive Harold Hamm, one of America’s wealthiest and
most influential businessmen, is embroiled in a contentious
divorce that could lead to a record financial settlement and
threaten his control of America’s fastest-growing oil company.

Sue Ann Hamm, Harold Hamm’s second wife and a former
executive at Continental, filed for divorce on May 19, 2012,
Oklahoma court records show.

Mar 21, 2013

UPDATE 1: Looming divorce could threaten U.S. oil baron’s empire

ATLANTA/NEW YORK, March 21 (Reuters) – Continental Resources
chief executive Harold Hamm, one of America’s wealthiest and
most influential businessmen, is embroiled in a contentious
divorce that could lead to a record financial settlement and
threaten his control of America’s fastest-growing oil company.

Sue Ann Hamm, Harold Hamm’s second wife and a former
executive at Continental, filed for divorce on May 19, 2012,
Oklahoma court records show.

Mar 21, 2013

Exclusive: Looming divorce could threaten U.S. oil baron’s empire

ATLANTA/NEW YORK (Reuters) – Continental Resources chief executive Harold Hamm, one of America’s wealthiest and most influential businessmen, is embroiled in a contentious divorce that could lead to a record financial settlement and threaten his control of America’s fastest-growing oil company.

Sue Ann Hamm, Harold Hamm’s second wife and a longtime executive at Continental, filed for divorce on May 19, 2012, Oklahoma court records show.

Mar 20, 2013

Brent oil rises from 3-month low as Cyprus concern eases

NEW YORK, March 20 (Reuters) – Brent crude oil rose above
$108 a barrel on Wednesday, recovering from a three-month low,
after the U.S. Federal Reserve signalled it would continue its
stimulus programs and on optimism that European policymakers can
keep a debt crisis in Cyprus from spreading.

The Federal Reserve wrapped up a two-day meeting on
Wednesday by pressing forward with its aggressive efforts to
stimulate the U.S. economy, saying it would take into account
risks posed by its policies but also how much progress it was
making lowering unemployment.

Mar 19, 2013

Brent oil near 3-mth low as Cyprus bailout raises concerns

NEW YORK, March 19 (Reuters) – Brent crude oil fell to
around $108 a barrel on Tuesday, near a three-month low, as
uncertainty over a bailout for Cyprus raised concern about the
euro zone debt crisis and its impact on energy demand.

Cyprus’s parliament appeared likely to reject a divisive tax
on bank deposits, pushing the island closer to a debt default
and banking collapse. A vote was scheduled for 12 p.m. EDT (1600
GMT), but it had earlier been postponed twice. A German official
said it was unclear when results would come.