The San Francisco hedge fund, well known for muscling its way into companies and taking actions to boost stock prices, has since increased its stake in Baker Hughes to 5.3 percent and outlined a possible strategy for bumping the company’s stock value higher.
Thirty-seven years to the day after Benny and Frida from ABBA were married, and the recurring theme of ‘the winner takes it all‘ emerges once more in the global oil market. OPEC Secretary General Abdallah Salem El-Badri is on the wires today after rumors are stoked once more of a potential collaboration between OPEC and non-OPEC […]
In an “expedited schedule” filed with a federal district court, the SEC said it would propose a draft rule by the end of the year and adopt a final set of disclosure mandates in June 2016. The move came after a human rights group challenged the agency’s long delays writing the rule, after an oil industry lawsuit invalidated the SEC’s first disclosure mandates.
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