Jan 29- The former controller of Contrarian Capital Management LLC pleaded guilty on Thursday to one count of wire fraud stemming from his embezzlement of more than $9 million from the Connecticut hedge fund, federal prosecutors said. Lawrence Herzing, 45, of Greenwich, Connecticut, entered his plea before U.S. District Judge Jeffrey Alker Meyer in Bridgeport,...» Read More
The natural gas industry may be hurting from rock-bottom prices now but if allowed to fully exploit the shale-gas boom, there may be few losers and many winners in the years to come.
It's almost impossible to overestimate the importance of fracking to the natural gas industry and the nation. It's also difficult to understate the controversy surrounding the environmental issues. Our special report, "Who's Winning the Natural Gas Game?," addresses both
Other countries have invested billions in alternative fuels, from Brazil's government-sponsored soybean-ethanol push to France's headlong expansion of nuclear power after the oil shocks of the 1970s. Should the U.S. do the same?
In coming years, energy from waste-heat recovery systems could be the greenest power available, while letting more U.S. businesses squeeze extra energy out of their power bills.
China should accelerate the loosening of capital controls, its central bank said, in a report outlining the path to a freely tradable currency and more open capital markets. The Financial Times reports.
The European Banking Authority is to challenge a significant proportion of the capital restructuring plans put forward by the continent’s leading banks to meet tough new capital requirements, say three people familiar with the process. The FT reports.
The “key issue” facing Europe’s banks is raising capital, not improving liquidity, JP Morgan Chase International’s chairman Jacob Frenkel told CNBC Wednesday.
More than 90 percent of job creation at venture-backed companies occurs after an IPO. Guest Columnist Terry McGuire looks at ways to get more companies to market.
Years after the dotcom bust, capital is again flowing to needy entrepreneurs, but the funding structure is very different.
The ability to monitor consumer tastes gives retailers access to a trove of information that may help them plan product lines and inventory.
For American bicycle makers, the move to carbon fiber materials was a case of re-inventing the frame —not the wheel.
Information technology is, of course, an integral part of running a business. Too often, however, it’s not an integral part of a company’s strategic goals.
Operational efficiency has become a key to a company's success, especially in an age of thin margins, whether it 's cutting costs, streamlining output or responding to an economic shock.
While derivatives themselves carry risks and financial scandals have tarnished their image, many companies still use futures contracts, swaps, collars, and other hedging instruments to minimize volatility in their cost of doing business.
The US can learn how to boost long-run growth from successful emerging economies, US Federal Reserve chairman Ben Bernanke said in a speech on Wednesday that will delight developing countries more used to admonishment than admiration from Washington. The FT reports.
Banks are being discouraged from big project-finance deals by new global capital rules and the eurozone crisis, according to market participants, who say infrastructure schemes will increasingly be funded by investors. The FT reports.
It's been quite a week. I thought it might be helpful to take a step back from the drama and contrast 2008 versus 2011 from an economic standpoint.
President Barack Obama's financial overhaul law is nearly a year old. For congressional Republicans, the fight to weaken it is just starting.
Hedge funds and local investors have been getting increasingly pessimistic about Greater China stocks, with the short interest on the Hang Seng Index now near a one year high. But The Royal Bank of Scotland (RBS) is taking a contrarian view, saying it believes the MSCI-China Index could see a 40-80 percent upside through 2012.
From concerns over a hard landing to fears over stagflation, investors have found plenty of reasons to stay far away from China’s share market recently. The Shanghai Composite has fallen 3 percent so far this year, a lackluster performance for one of the fastest growing economies of the world.