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Evacuations Mount in Southern California as Wildfire Spreads

November 2, 2019 admin Comments Off on Evacuations Mount in Southern California as Wildfire Spreads

(Bloomberg) — A wildfire that erupted near Los Angeles has forced up to 8,000 people to flee as the tail end of a powerful windstorm takes its its final swing at Southern California.The blaze in Ventura County has ripped through almost 9,000 acres and threatens 2,300 structures, according to local authorities. Edison International has cut power to 625 nearby homes and businesses to prevent live wires from toppling and sparking more infernos.“We are in the middle of a big fight,” Ventura County Fire Department Chief Mark Lorenzen said during a news conference. “The end is not yet in sight.”The Maria …read more […]

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Mahathir says no to Goldman's 1MDB offer of under $2 bln to Malaysia- FT

November 2, 2019 admin Comments Off on Mahathir says no to Goldman's 1MDB offer of under $2 bln to Malaysia- FT

Malaysia has rejected an offer from Goldman Sachs of less than $2 billion in compensation over the 1MDB scandal, Prime Minister Mahathir Mohamad told the Financial Times on Friday, compared with its publicly stated demand of $7.5 billion. The Southeast Asian nation has charged Goldman and 17 current and former directors of its units for allegedly misleading investors over bond sales totalling $6.5 billion that the U.S. bank helped raise for sovereign wealth fund 1Malaysia Development Bhd (1MDB). “Goldman Sachs has offered something like less than $2 billion,” Mahathir told the newspaper. …read more […]

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New York Struggles to Show Exxon Misled Investors on Climate

November 2, 2019 admin Comments Off on New York Struggles to Show Exxon Misled Investors on Climate

(Bloomberg) — New York rested its securities-fraud case against Exxon Mobil Corp. after nine days of trial testimony without appearing to produce any definitive evidence that the oil company intentionally misled investors about how it accounted for climate-change risks.Exxon began presenting its first witnesses on Friday and may wrap up its defense late next week. The company is expected to call employees, accountants and experts to the stand to stave off claims that it lied to the public about the way it plans for future climate regulations.For the second time during the three-week trial, climate protesters, most of them young …read more […]