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Oil speculators held great sway over prices, data suggest

Los Angeles Times – Regulators had long classified a private Swiss energy conglomerate called Vitol as a trader that primarily helped industrial firms that needed oil to run their businesses. But when...

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Gulf firms shy away from US distressed assets

Emirates Business 24/7 – Cheap they may be, but not all cash-rich Gulf investors are up for buying distressed assets in the US. Such a move historically was a good way to make a profit. A good fund...

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GE to raise $15 billion, Buffett gets preferred stake

Reuters – General Electric Co plans to raise $15 billion through stock sales — including $3 billion from Warren Buffett — to improve liquidity and give it the option of more acquisitions at a time of...

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