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...Among the latest actions, the PCAOB found that PwC ignored red flags in its audit of Aegean Marine Petroleum Network, one of the world’s largest traders of shipping fuel, which went bust in 2018 as a result...
...Another firm linked to the family, Lime Partners LLC, also held shares in FTX and FTX US....
...ESG in executive pay: Beyond the ‘fluff’ In 2018, Marathon Petroleum agreed to pay a $335,000 fine for a diesel spill that leaked into a river on the border between Indiana and Illinois....
...(FT) Mike Ashley’s game of spoof over legal bill ‘quite serious’, says Morgan Stanley banker (FT) Microsoft, OpenAI and Nvidia back $2.6bn robot start-up (FT) Bidding war for Wincanton drives up UK logistics...
...Elliott ran a similar campaign against Marathon Petroleum in 2019, which led to the replacement of the chief executive and the spin-off of its Speedway retail operation....
...It was founded in the 1970s by Jan Nasmyth, a former Treasury official and British Army officer, as a weekly newsletter called Europe-Oil Prices covering European petroleum products....
...Since 2019 RSM has moved into the FTSE 350 audit market, winning work that involves checking the books of companies such as Mike Ashley’s Frasers Group, bakery chain Greggs and Clipper Logistics....
...At Goldman Sachs, Brian Haufrect, co-head of M&A in the Americas, is a seasoned adviser to energy groups including Occidental Petroleum, ConocoPhillips and Shell....
...“This will bring with it the likelihood that container services will begin to see delays which they’ve been able to previously avoid,” freight forwarder and logistics company Flexport wrote in a newsletter...
...There's cargo and other services, too. PWC estimates that the lunar transport and logistics market could be worth more than $100bn by 2040....
...A marathon effort over the first weekend of July to finalise the banks’ IT systems — albeit briefly interrupted when an unsuspecting employee opened a dishwasher mid-cycle and set off the fire alarm — has...
...Commended Freshfields Bruckhaus Deringer O: 6; L: 8; I: 7; Total: 21Freshfields advised Li & Fung on the sale of its logistics arm, LF Logistics, to Danish shipping group Maersk, and the buying back of...
...“As Amazon seeks to become a dominant player in logistics while being carbon neutral, we believe that Rivian will be their end-to-end fleet provider of choice,” he wrote....
...Total shareholder returns at Occidental Petroleum, Hess, Marathon, and Schlumberger soared more than 80 per cent in 2022....
...Lossmaking Marathon Digital, for instance, is one of the most shorted stocks in the US market....
...US shale oil and gas producers, led by companies such as Pioneer Natural Resources, Devon Energy and Occidental Petroleum, have undergone an especially pronounced economic revival, turning out record amounts...
...In refined petroleum products, such as diesel and fuel oil, UAE dominance was even higher, with 10 of the 20 largest traders registered in the country....
...The Beijing-based logistics group closed down more than 13 per cent on Monday....
...Consumer businesses such as Bath and Body Works, Kellogg and Clorox have all acknowledged higher diesel prices driving up costs for logistics and prices for products....
...Amazon logistics supremo Dave Clark, who announced his surprise departure from the company last week, is set to become chief executive of logistics software start-up Flexport. 5....
...It’s like a runner who wins in both the 100m dash and a marathon.” Nonetheless, Griffin has also become a magnet for ire. For some he embodies the finance industry and its supposed ills....
...He points to best-practice initiatives such as Christie’s recent tie-up with the logistics firm Crozier to run a regular shipping service for arts organisations from London to New York and Hong Kong....
...For the moment it is running only limited services in Lviv....
...He added that the fund was also “very interested” in Turkish financial services....
...“So when I create these events, I want the events to be the best, so I need the best people, I need the best equipment, I need the best logistics.”...
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