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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 ...

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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 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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Jamaica moving to reclaim global dominance in reggae

KINGSTON, Jamaica (AP) — For decades, the sound of Jamaica has been reggae, the infectious, uniquely syncopated music that transformed the small Caribbean island into a cultural powerhouse.

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Cuba Has Some of the World’s Last Unspoiled Reefs—Will American Tourists Ruin Them?

An unexpected side effect of Cuba and the United States’ strained relations can be seen about 70 miles off the island nation’s southern coastline. Called Jardines de la Reina, or the Queen’s Gardens, the 1,100-square-mile marine reserve is considered one of the world’s most vibrant coral reef habitats. “It’s got the levels of biodiversity, coral cover, and apex predators like ...

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Virgin sued for $300 million in dispute over cruise line

The former chief executive officer of Norwegian Cruise Line is suing British billionaire Richard Branson and his Virgin Group conglomerate, claiming that Virgin essentially stole his ideas and business …

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