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Author Archives: cwn

Exclusive: Morgan Stanley to sell natural gas business scrutinized by Fed

By Lauren Tara LaCapra NEW YORK (Reuters) – Morgan Stanley has agreed to sell a compressed natural gas business that came under regulatory scrutiny shortly after its launch last year, according to a document obtained by Reuters and three people familiar with the matter. The bank will transfer the gas business, Wentworth, to a newly formed company called Pentagon Energy ...

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Exclusive: Morgan Stanley to sell natural gas business scrutinized by Fed

By Lauren Tara LaCapra NEW YORK (Reuters) – Morgan Stanley has agreed to sell a compressed natural gas business that came under regulatory scrutiny shortly after its launch last year, according to a document obtained by Reuters and three people familiar with the matter. The bank will transfer the gas business, Wentworth, to a newly formed company called Pentagon Energy ...

Read More »

Exclusive: Morgan Stanley to sell natural gas business scrutinized by Fed

By Lauren Tara LaCapra NEW YORK (Reuters) – Morgan Stanley has agreed to sell a compressed natural gas business that came under regulatory scrutiny shortly after its launch last year, according to a document obtained by Reuters and three people familiar with the matter. The bank will transfer the gas business, Wentworth, to a newly formed company called Pentagon Energy ...

Read More »

New player in offshore banking warns against parking ill-gotten gains

The tiny island nation of Dominica in the Caribbean is positioning itself as another offshore banking facility. However, its prime minister warns that if one is thinking of parking ill-gotten gains in his country, to think again. “We are open for business but at the same time we have rules,” said Roosevelt Skerrit, who has been prime minister…

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New Kind of Annoying: Robocall Trojan Horse Hides Cruise Offer in Political Survey

A widespread telemarketing scheme in which companies bombarded American consumers with billions of calls for a purported political survey was actually a tricky and illegal plot to sell cruise travel packages, the Federal Trade Commission announced this week. The FTC and 10 state attorneys general announced this week the partial settlement of a case against Caribbean Cruise Line, which, along ...

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Lufthansa to launch one-way flights to Dubai from $111

Lufthansa’s new long-haul low-cost flights under the Eurowings banner will start from October 25 to destinations such as Dubai, the Caribbean, and Thailand with one-way ticket prices from 99.99 euros ($111), the German carrier said on Wednesday. Lufthansa is expanding Eurowings, a small regional carrier, to regain market share lost in European short-haul travel to budget carriers such as Ryanair ...

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New Kind of Annoying: Robocall Trojan Horse Hides Cruise Offer in Political Survey

A widespread telemarketing scheme in which companies bombarded American consumers with billions of calls for a purported political survey was actually a tricky and illegal plot to sell cruise travel packages, the Federal Trade Commission announced this week. The FTC and 10 state attorneys general announced this week the partial settlement of a case against Caribbean Cruise Line, which, along ...

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