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☆ Auditor That Works for Trump Media Is Charged With Fraud
▼ + stars: | 2024-05-03 | by ( Matthew Goldstein | More About Matthew Goldstein | ) www.nytimes.com time to read: +1 min

An accounting firm that audits the financial statements of hundreds of public companies including former President Donald J. Trump’s social media company can no longer do so, U.S. securities regulators said on Friday. The Securities and Exchange Commission charged the firm, BF Borgers, with fraud, saying that it had failed to comply with accounting rules. The regulator held BF Borgers and its owner, Benjamin F. Borger, responsible for “deliberate and systemic failures” to comply with accounting rules. Many companies that used BF Borgers must now find new auditors. Trump Media & Technology Group, the parent company of the Truth Social platform, has been a client of BF Borgers since 2022, according to regulatory filings.

Persons: Donald J, BF, Benjamin F, Borgers Organizations: Securities, Exchange Commission, Trump Media & Technology Group, Trump Media Locations: U.S, Borger

☆ Second largest wildfire in Texas history has scorched 850,000 acres
▼ + stars: | 2024-02-29 | by ( Joe Sutton | Steve Almasy | ) edition.cnn.com time to read: +6 min

A satellite image shows Fritch, Texas in August 2023. Maxar Technologies Satellite images show homes in Fritch, Texas, before the wildfire (in August 2023), and after (on Wednesday). Maxar Technologies Satellite images show homes in Fritch, Texas, before the fire (in August 2023), and after (on Wednesday). A sudden shift of wind direction in the Texas panhandle this week contributed to the explosion in size of the Smokehouse Creek wildfire. Latest developments* The Smokehouse Creek Fire grew from 500,000 acres to 850,000 on Wednesday, according to fire officials.

Persons: Joyce Blankenship, Fritch, ” Frank Probst, ”, “, Adam Turner, Snow, Andy Holloway, Greg Abbott, Kevin Stitt, ” Hutchinson, Tyler McCain, Fritch’s, McCain, Addison, Addison can’t, ” McCain, Windy Deuce, Probst, CNN’s Caroll Alvarado, Amanada Jackson, Monica Garrett, Sharif Paget, Sara Tonks, Lucy Kafanov, Andi Babineau Organizations: CNN, Maxar, M Forest Service, AgriLife, Texas, Oklahoma Gov, Amarillo National Bank, Panhandle Disaster Relief Locations: Texas, Rhode, state’s, Oklahoma, Stinnett ., , Texas, Fritch , Texas, Hemphill, Hemphill County, Canadian, Amarillo, Amarillo ., Hutchinson County, Stinnett, Borger, Fritch

☆ Phillips 66's refining operations come under activist radar
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +4 min

REFINERIES:WOOD RIVER, Roxana, Illinois, refining capacity: 356,000 barrels per day (bpd)Largest Phillips 66 refinery by operating capacity. LOS ANGELES: Carson and Wilmington, California, capacity: 139,000 bpdTwo sites linked by pipeline, producing California Air Resources Board-grade gasoline and fuel-grade petroleum coke. *SAN FRANCISCO: Santa Maria, Wilmington, California and Rodeo, Rodeo, California, capacity: 120,200 bpdPhillips 66's San Francisco operations consisted of two sites: Santa Maria refinery in Wilmington, California and Rodeo refinery in Rodeo, California. INTERNATIONAL REFINERIES:HUMBER, North Lincolnshire, United Kingdom, total throughput: 245,000 bpdProduces transportation fuels, petrochemical feedstocks, home heating oil and petroleum coke. MiRO, Karlsruhe, Germany, total throughput: 61,000 bpdProduces transportation fuels, petrochemical feedstocks, home heating oil, bitumen, and petroleum coke.

Persons: Bing Guan, refiner Phillips, Phillips, Santa, Santa Maria, Shariq Khan, Matthew Lewis Organizations: Phillips, Los, Los Angeles Refinery, REUTERS, Investment Management, Energy, Exports, California Air Resources, INTERNATIONAL, MiRO, . Energy, Thomson Locations: Los Angeles, Carson , California, U.S, Wood, Borger, Roxana , Illinois, Midcontinent, BORGER, Borger , Texas, West Texas, New Mexico , Colorado, SWEENY, Old Ocean , Texas, United States, America, LAKE CHARLES, Westlake , Louisiana, Europe, Linden , New Jersey, York, Bayway, East Coast . PONCA CITY, Ponca City , Oklahoma, ANGELES, Carson, Wilmington , California, California, California , Nevada, Arizona, FERNDALE, Ferndale , Washington, BILLINGS, Billings , Montana, Montana , Wyoming , Idaho , Utah, Colorado, Washington, Santa Maria, Rodeo , California, Francisco, HUMBER, North Lincolnshire, United Kingdom, Karlsruhe, Germany, Switzerland, France, Austria, San Francisco, Bengaluru

☆ Nutrien misses quarterly profit estimates as potash prices plummet
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

Nov 1 (Reuters) - Nutrien (NTR.TO) fell short of analysts' estimates for third-quarter profit on Wednesday, as lower potash prices weighed on the world's biggest fertilizer producer. Potash prices have been falling after shipments from Belarus and Russia resumed. Demand for fertilizers was also weak during much of the year, analysts have said, as farmers waited for prices to settle down. Potash prices averaged $250 per tonne during the reported quarter, the company said, compared with $633 per tonne a year earlier. Nutrien said potash sales volumes, however, climbed 23% on strong sales in North America.

Persons: Steve Byrne, Nutrien, Sourasis Bose, Sriraj Organizations: BofA Global, Thomson Locations: Belarus, Russia, Ukraine, U.S, North America, Borger, Bengaluru

NEW YORK, June 21 (Reuters) - U.S. crude oil inventories at the Cushing, Oklahoma, storage hub have risen to their highest in two years, as outages at Midwestern refiners crimp demand and higher flows from Canada add to supply. Stockpiles at Cushing, the delivery point for U.S. crude oil futures, have climbed for eight consecutive weeks after falling earlier this year. Overseas demand for U.S. crude and an end to refinery outages should reverse the build, said analysts. "We're going to be sending more (oil exported) abroad," said Phil Flynn, an analyst at Price Futures Group. Canadian crude may have been sent toward Cushing as feedstock for a restart of the Toledo refinery, which had a fire last year, said Matt Smith, lead oil analyst for the Americas at Kpler.

Persons: Phil Flynn, Hillary Stevenson, Cushing, Stevenson, Enbridge, Flanagan, John Coleman, Wood Mackenzie, Matt Smith, Stephanie Kelly, Nia Williams, Arathy, Jonathan Oatis Organizations: YORK, Cushing, Price Futures, Energy, IIR Energy, BP, Phillips, North, Americas, Kpler, Thomson Locations: Oklahoma, Canada, Cushing, U.S, Toledo, Ohio, Texas, Wood

☆ Draining reservoir from Ukraine's destroyed dam is revealing World War II weapons
▼ + stars: | 2023-06-12 | by ( Sam Fellman | ) www.businessinsider.com time to read: +2 min

The draining reservoir is revealing weapons that date back to World War II. The lurking dangers are also a reminder of the heavy fighting Ukraine saw in World War II. "The water area of the reservoir is contaminated with ammunition. S-300s are Russian-made surface-to-air missiles, and Smerch rockets are heavy rockets fired from mobile launchers. The older dangers lurking in the area are a reminder of the heavy fighting Ukraine saw in World War II.

Persons: —, Oleksandr Chechko, Julian Borger Organizations: Authorities, Service, Soviet, Nazi, Ministry, Internal Affairs, Ukrainian, Nazi Wehrmacht, Red Army Locations: Ukraine, Russia

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