Articles by Pierre Bertrand

Churning Oil And Coal, Essar Group's Growth Mirrors Indian Economy

What started as a family construction firm in the 1960s, Essar Group, based in Mumbai India, now is a behemoth of a company. It is fully integrated in steel production, oil and gas production and refining, electric generation and shipping on five continents with revenue of more than $27 billion.
World Crude Oil

OPEC Meeting Preview - Five Things You Should Know

Leaders of the world's 12-member crude oil cartel gather this week in Vienna to discuss and perhaps set a production ceiling for the group in what is expected to rubber stamp the current state of affairs. It is also expected to feature a fierce tug-of-war between Saudi Arabia, the cartel's dominant producer, and Iran.
Best Buy

Best Buy Founder And Chairman Richard Schulze Resigns

Richard Schulze, the founder and largest shareholder of Best Buy Co. (NYSE: BBY), the biggest U.S. electronics chain store, told the company's board Thursday he is resigning, effectively immediately. A reason for the abrupt departure was not publicly disclosed.

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Barclays

Barclays Mulling Standard Chartered Merger

The potential move to merge with Standard Chartered could be a way for Barclays to thwart possible demands from an activist investor to return capital to shareholders, the Financial Times reported Wednesday.
RTX5FI7F

Small Banks Trump Wall Street On Dodd-Frank Rewrite

Congress on Tuesday rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs, Morgan Stanley and JPMorgan Chase, will not be breaking out the champagne.