judge-weighing
Oil prices down on profit-taking after two-day jump
September 30, 2016 by elegant · Leave a Comment
Oil prices dropped on Friday on profit-taking, after rising 7 percent in the past two sessions, amid doubts that OPEC's first planned output cut in eight years would make a substantial dent in the global crude glut. NYMEX crude for November delivery was down 8 cents at $47.75. Both Brent and NYMEX
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Oil prices down on profit-taking after two-day jump
judge-weighing
Judge takes over questioning ex-AIG chief Hank Greenberg
September 30, 2016 by creative · Leave a Comment
The New York judge weighing whether ex-AIG chief Maurice “Hank” Greenberg should be liable for accounting fraud on Thursday pressed the 91-year-old executive about why AIG had created an offshore entity for losses from a failed automotive warranty program. Greenberg was on the stand for the third day for allegedly engineering the offshore entity, known as Capco, to hide $200 million in underwriting losses from shareholders. The transaction is one of two at the heart of a 2005 case against…
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Judge takes over questioning ex-AIG chief Hank Greenberg