The U.S. Commodity Futures Trading Commission (CFTC) Thursday filed its case against MF Global Inc., MF Global Holdings Ltd. and CEO Jon Corzine and an assistant treasurer for illegal use of customer money, calling for 100% restitution of customer losses totaling approximately $1 billion, plus a $100 million penalty, in the firm’s October 2011 bankruptcy
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Top Ohio Republicans Take Aim at Severance Tax Proposal
Two prominent Ohio Republicans — state House Speaker William Batchelder (R-Media) and Treasurer Josh Mandel — told supporters of the oil and natural gas industry that they oppose Gov. John Kasich’s proposal to levy new severance taxes on hydraulic fracturing (fracking) and natural gas liquids (NGL).
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Los Angeles-based Occidental Petroleum Corp. (Oxy) has named a new vice president/treasurer, Christopher Stavros, 48, who has been the oil/gas exploration and production (E&P) company’s director of investor relations since 2006. Stavros will continue to oversee the investor relations function in his new capacity, according to Oxy CEO Stephen Chazen, who said Stavros has a comprehensive understanding of both the financial and operational aspects of Oxy and its E&P business. Before joining Oxy in 2005, Stavros held positions with Ernst & Young, Bristol-Meyers Squibb, Prudential Securities and UBS. He holds a bachelor’s degree in accounting from Boston University and an MBA from the University of Rochester’s Simon School of Business.
Alberta Urged to Wean Itself from Gas, Oil Revenues
After a bruising ride on roller-coaster markets, the treasurer of Canada’s chief natural gas- and oil-producing jurisdiction is urging its residents to think about weaning public services off a reliance on resource windfalls.
Alberta Urged to Wean Itself from Gas, Oil Revenues
After a bruising ride on roller-coaster markets, the treasurer of Canada’s chief natural gas- and oil-producing jurisdiction is urging its residents to think about weaning public services off a reliance on resource windfalls.
BHP Billiton Rebuts Governor Candidate on CA Offshore LNG Plans
BHP Billiton challenged Phil Angelides, California State Treasurer and Democratic Party candidate for governor, on his opposition to Billiton’s plans for an LNG receiving terminal 12 miles off the Pacific Coast from Oxnard, CA. Angelides is proposing a tough, detailed state review of all LNG projects.
BHP Billiton Rebuts Governor Candidate on CA Offshore LNG Plans
BHP Billiton is challenged Phil Angelides, California State Treasurer and Democratic Party candidate for governor, on his opposition to Billiton’s plans for an LNG receiving terminal 12 miles off the Pacific Coast from Oxnard, CA. Angelides is proposing a tough, detailed state review of all LNG projects.
Former Enron Exec Given Probation, Fine
A former assistant treasurer for Enron Corp. on Friday received four years probation, four months home confinement, a $10,000 fine and was ordered to do 300 hours of community service work for his misdeeds while working at the now-defunct company.
Last Major Enron Prosecution Witness Completes Testimony
Former Enron Corp. treasurer Ben Glisan Jr. remained steady in his last day of testimony Monday, as defense lawyers for Enron founder Kenneth Lay and ex-CEO Jeffrey Skilling attempted to distance their clients from any wrongdoing.
Enron Ex-Treasurer Claims Skilling Conversations ‘Memorable’
Under intense cross-examination Thursday, Enron Corp.’s ex-treasurer admitted he had no notes or e-mails to support his testimony that ex-CEO Jeffrey Skilling committed fraud at the company. However, Ben Glisan Jr. told the jury, “the conversations were quite memorable.”