Word: trader
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...early October, Citigroup sold its commodities-trading division Phibro to energy company Occidental Petroleum. Citi was motivated to dispose of the unit because of pressure from regulators to curtail the pay of Phibro's top trader Andrew Hall, who made $100 million last year, and reportedly has a contract that would award him roughly the same amount in 2009. Oxy declined to comment on Hall's compensation. But the energy giant says Hall will remain with the unit at Oxy. Hall had threatened to leave Citi if his pay was cut, which means Oxy is probably honoring his contract. Says...
...years here, is part of a daily homage to a woman who touched every Kolkatan's life. Up a flight of stairs is the Mother's room, sparsely furnished with a narrow iron bed, a long table and bench and a desk where she worked. Mohammad Hossain, a trader, stands outside the room with eyes closed and head bowed in prayer. "I always feel her presence here, which fills me with hope," he says. (See pictures of the life of Mother Teresa...
...took to Iran's streets after the country's disputed elections earlier this year. Users of the micro-blogging site might now consider overlaying their avatars with a film of sludge brown as a mark of their spontaneous, collective action to help undermine an attempt by the international oil trader Trafigura to gag a British newspaper's reporting on a toxic-dumping case...
...Trafigura's legal representatives, the London-based law firm Carter-Ruck, had obtained a secret injunction in September to prevent the Guardian from revealing the existence of a report commissioned by the oil trader about the alleged 2006 dumping of toxic waste off the Ivory Coast by a ship chartered by the company. The lawyers then tried to stop the Guardian from telling its readers about a written question lodged in Parliament this week by Paul Farrelly, a Labour MP. His question mentioned both the secret injunction and the report. (Read "Bobby on the Tweet: British Police Try Twitter...
...check for 2009. Citigroup is subject to government-imposed pay caps as a term of the financial aid it received. The government was reviewing Hall's pay package and was reportedly moving closer to forcing Citi to either reduce or restructure Hall's pay. Rather than risk losing the trader - and the profits of the unit - Citi decided to sell...