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☆ Retiree Travels the World As a House-Sitter, Rents Own Home on Airbnb
▼ + stars: | 2024-02-01 | by ( Claire Turrell | ) www.businessinsider.com time to read: +6 min

I resigned from my job and booked my first house sit that winter in Breckenridge, Colorado. How to choose a good house sitI have now completed over 25 house sits. When I take on a house sit, I make sure I'm close to public transport or have access to a car. However, I've been so busy with house sits recently I haven't stayed there for almost a year. My last house sit in Naples, Florida, included two dogs, two cats, a guinea pig, two geckos, and a tortoise.

Persons: —, Bernadine, you'd, would've, I'd, wouldn't, shih, I've, haven't Organizations: Service, Business, Lady, Social Security, Virgin Islands, New Zealand Locations: Bernadine Swale, Swale, Denver, Breckenridge , Colorado, New Zealand, New York, Botswana, St Croix, Virgin, Caribbean, Japan, States, Airbnb, United States, Naples , Florida

☆ Oil tanker hit by missile after transiting Red Sea — Houthis claim responsibility
▼ + stars: | 2024-01-26 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Children walk near a billboard bearing the image of targeting ships, on the day Yemen's Houthi-run forces targeted an American ship in the Red Sea, on a street in Sana'a, Yemen, on Jan. 10, 2024. An oil tanker operated on behalf of Trafigura was struck by a missile on Friday after transiting the Red Sea, a company spokesperson told CNBC in statement. The Marlin Luanda, a petroleum products tanker vessel, was struck by the missile in the Gulf of Aden. Houthi militants in Yemen have attacked commercial vessels transiting the Red Sea since November in support of Palestinians. Several of the world's major oil tanker companies paused traffic toward the Red Sea immediately after the U.S. and Britain began launching airstrikes against the Houthis earlier this month.

Persons: Trafigura, Houthi, Yahya Saree, Carney, Brent, Robert Thummel, Thummel, WTI Organizations: CNBC, U.S . Navy, U.S . Central Command, Britain, West Texas Intermediate, U.S, Tortoise Capital Locations: American, Red, Sana'a, Yemen, Gulf, Aden, Marshall, U.S, Iran

NORTH BELLMORE, N.Y. (AP) — Authorities seized about a hundred animals from a Long Island home packed with exotic species — including a giant African snail, a sulcata tortoise and a South American ostrich, advocates said Friday. The menagerie's owner was cited for 30 violations related to the illegal possession of animals, according to the advocacy group Humane Long Island. Especially not in someone’s shed or their basement,” said John Di Leonardo, the group's president and executive director. The group took custody of several dozen animals, including a five-month-old, female South American ostrich — or lesser rhea — named Eddy found in the crowded basement. Authorities said the investigation began after the man began appearing with animals at events like birthday shows and street fairs.

Persons: ”, John Di Leonardo, rhea —, Eddy, Di Leonardo, rhea, Matt Roper, Roper, ” Roper Organizations: — Authorities, Nassau County SPCA, Authorities Locations: North Bellmore, New York City, Nassau County

☆ Oil poised for weekly gain as U.S. economic growth, China stimulus raise demand hopes
▼ + stars: | 2024-01-26 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Oil prices are on pace for a weekly gain as U.S. economic growth and stimulus in China raise hopes for more robust crude demand this year. U.S. crude and the global benchmark, however, are poised to post a weekly gain of more than 4%. The U.S. reported stronger-than-expected economic growth in the fourth quarter of 3.3%, compared to 2% expected by Wall Street. China, meanwhile, is loosening reserve requirements for its bank in an effort to boost growth amid concerns that its economy is faltering. The potential for more robust demand comes as crude supply fell in the U.S. due to winter storms.

Persons: Brent, Robert Thummel Organizations: West Texas Intermediate, U.S, Wall, Tortoise, CNBC, Energy Information Agency Locations: China, Wall Street, U.S

☆ Not so dead as a dodo: ‘De-extinction’ plan to reintroduce bird to Mauritius
▼ + stars: | 2023-12-01 | by ( Tom Page | ) edition.cnn.com time to read: +10 min

CNN —An audacious collaboration between geneticists and conservationists plans to bring back the extinct dodo and reintroduce it to its once-native habitat in Mauritius. But according to the partners, its return to Mauritius could benefit the dodo’s immediate environment and other species. The Nicobar pigeon, native to the coastal regions from the Andaman and Nicobar Islands, is the closest living relative to the dodo. Then it will edit the PGCs of a Nicobar so it expresses the physical traits of a dodo. “I have studied the dodo for many years, and there is still a lot to learn about this enigmatic bird,” he added.

Persons: dodo, Beth Shapiro, ”, Matt James, James, Holger Hollemann, Tatayah, ” Tatayah, “, dodos, Ben Birchall, Julian Hume, ” Hume, Ben Lamm, “ We’re Organizations: CNN, Colossal Biosciences, Mauritian Wildlife Foundation, Getty, Gorges, Colossal, “, White Rhino, Biosciences Locations: Mauritius, Rodrigues Island, Asia, Nicobar, Park, “ Mauritius, Aigrettes, Ile

If both are calculated in dollar terms, however, Chinese stocks have, by some measures, carried an advantage over the very long term. Many observers say demographics, deleveraging, and de-risking - U.S. firms on-shoring, new supply chains, and trade tensions – will be a considerable long-term drag on Chinese growth. Little wonder, perhaps, that Chinese stocks are so cheap. Reuters Image Acquire Licensing RightsBased on 12-month forward price/earnings multiples, U.S. stocks are twice as expensive as Chinese stocks. For the past 10 years Chinese stocks have been substantially cheaper than U.S. stocks, and most of the decade before that they were usually cheaper too.

Persons: Brendan McDermid, Goldman Sachs, Morgan Stanley, Torsten Slok, Janet Yellen, Lifeng, Colin Graham, Graham, Jamie McGeever, Andrea Ricci Organizations: New York Stock Exchange, REUTERS, Rights, Shanghai, CSI, Reuters, Apollo Global Management, U.S, Treasury, Thomson Locations: New York City, U.S, Rights ORLANDO , Florida, China, Mexico

With the meme-stock rally in the rearview mirror and interest rates surging, individual investors are rediscovering the philosophy made famous by Vanguard's founder, Jack Bogle. Fans call themselves "Bogleheads," and the strategy "lazy" investing. Dan Griffin, a self-proclaimed Boglehead based in Florida, said he watched the meme stock rally in amusement. The current market condition is proof that his "tortoise" investing approach is the right one to building long-term wealth, he said. "The meme stock phenomenon seemed so focused on being incredibly plugged into your portfolio and monitoring your investments — I see the Bogleheads' philosophy as being antithetical to all of that."

Persons: Jack Bogle, Dan Griffin, Boglehead, Griffin, Christine Benz, Morningstar Organizations: GameStop, CNBC Locations: Florida

☆ I dedicated my life to biology until I went on 'Naked and Afraid' and realized I could make a bigger difference doing TV instead
▼ + stars: | 2023-11-01 | by ( Maiya Focht | ) www.businessinsider.com time to read: +6 min

Forrest Galante was a biologist and worked in field research before he went on "Naked and Afraid." AdvertisementAdvertisementBeing on "Naked and Afraid" is the least interesting thing I've ever doneA few weeks later I was on a plane. It was right then and there that I called my boss and told her I was going to pivot to pursuing conservation media. AdvertisementAdvertisementBasically I pivoted the public interest I was getting from "Naked and Afraid" into what I'm doing now. Dreams coming to fruitionBefore working in wildlife media, Forrest Galante worked in conservation biology.

Persons: Forrest Galante, Galante, who'd, —, It's, I'd, that's, I'm, who's, lightbulb, Eric Evangelista, I've Organizations: Service, UC Santa Barbara Locations: Southern California, California, Panama, Fernandina

☆ Odey Asset Management to close, website statement reads
▼ + stars: | 2023-10-31 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

Hedge fund manager Crispin Odey uses his phone outside of Hendon Magistrates' Court whilst facing one charge of indecent assault, in Hendon, London, Britain February 17, 2021. REUTERS/Toby Melville/ File Photo Acquire Licensing RightsLONDON, Oct 31 (Reuters) - Odey Asset Management, one of Britain's best known hedge funds, will shut, it said on Tuesday in a statement on its website, less than six months after its founder faced fresh allegations of misconduct. Crispin Odey, 64, was ousted in June from Odey Asset Management (OAM), which he founded in 1991, after the Financial Times and Tortoise Media reported that 13 women had alleged that he had sexually assaulted or harassed them. Where each fund manager would move, or if their fund was closed without finding an alternative home, was detailed on the hedge fund's website. No new fund manager for Sophia Whitbread, the only female portfolio manager listed, was named.

Persons: Crispin Odey, Toby Melville, Odey, James Hanbury, Jamie Grimston, Oliver Kelton, Freddie Neave, Geoffrey Marson, Canaccord Genuity, Adrian Courtenay, Green, Sophia Whitbread, Peter Martin, Nell Mackenzie, Alun John, Mark Potter Organizations: Hendon Magistrates, REUTERS, Odey, Management, Odey Asset Management, Financial Times, Tortoise Media, Asset Management, Lancaster Investment Management, Reuters, Inc, Bainbridge Partners, Thomson Locations: Hendon, Hendon , London, Britain, S.W, Mitchell

Fish and Wildlife Service (FWS) has partnered with the Association of Zoos and Aquariums (AZA) to launch last week a pilot Wildlife Confiscations Network in Southern California. Southern California is considered an epicenter for trafficked wildlife, much of it from Asian countries. Criminal networks and syndicates have built illegal wildlife trade into a multi-billion dollar a year criminal enterprise, Ashe said. [1/5]A critically endangered radiated tortoise, who was confiscated in 1998 and named Ninja, is shown eating at the Los Angeles zoo as the U.S. Back at the FWS Office of Law Enforcement, a room holds taxidermied trafficked animals and birds, horns and ivory.

Persons: Dan Ashe, AZA, Ashe, Moka, San Diego . Speed, Jake Owens, Owens, Braxton, Rene Galindo, Ray Hernandez, Mary Milliken, Jorge Garcia, Sandra Maler Organizations: Los Angeles Zoo, U.S . Fish, Wildlife Service, Association of Zoos, Aquariums, Wildlife Confiscations Network, El Paso , Texas ., Lions, Tigers, Bears, Wildlife Confiscations, LA Zoo, Los Angeles International Airport, LAX, CITES, FWS, Law, Thomson Locations: Bali, U.S, Southern California, Miami, El Paso , Texas, El Paso , Texas . Southern California, Bengal, Mexico, California, San Diego ., Los Angeles, Los, LAX

☆ Can We Save the Redwoods by Helping Them Move?
▼ + stars: | 2023-10-25 | by ( Moises Velasquez-Manoff | ) www.nytimes.com time to read: +4 min

Their aggressive approach to conservation featured prominently in numerous scientific articles that followed, discussing the pros and cons of assisted migration. These cases underscore the reality that other plants and animals are already living where you might want to introduce something in order to save it. “I would treat assisted migration as a tool of last resort,” he told me in an email. Many of the animal’s native wetlands were fragmented and shrinking, and conservationists feared that global warming would finish the tortoise off. Similarly, she says, assisted migration is appropriate when contrasted with the other possibility: extinction if no one intervenes.

Persons: martens, Anthony Ricciardi, “, ”, it’s, “ It’s, ” Nicola Mitchell, Jessica Hellmann, you’re Organizations: McGill University, University of Western Australia, U.S . Forest Service, Forest Service, University of Minnesota’s Institute, Environment Locations: Central, South America, Australia, Hawaii, Canada, Newfoundland, Montreal, “, U.S

☆ US oil is back, and ExxonMobil's $60 billion deal isn't even the biggest signal
▼ + stars: | 2023-10-15 | by ( Tim Mullaney | ) www.cnbc.com time to read: +8 min

The news came a day after a $60 billion deal between Exxon Mobil and independent oil producer Pioneer Natural Resources . Monthly production topped out at 13 million barrels per day in November 2019 and hit 9.9 million by February 2021. And offshore oil drilling in the Gulf of Mexico recovered to 2 million barrels a day, but hasn't grown. Where oil companies have been spending their money U.S. oil companies cut capital spending to $106.6 billion last year from $199.7 billion in 2014, according to Statista, contributing to the decline in oil production and arguably delaying the recovery. According to Energy Department data, oil and gas companies paid out about $75 billion per quarter in the last year.

Persons: Brittany Sowacke, Rob Thummel, hasn't, what's, Thummel, Alexandre Ramos, Jay Hatfield, doesn't, Baker, Hughes, Darren Woods, Woods, Hatfield, Ramos, Peon, aren't Organizations: Bloomberg, Getty, Energy, U.S . Department of Energy, Exxon Mobil, Natural Resources, Wall, Exxon, Big Oil, America, Rystad Energy, Oil, Infrastructure Capital Advisors, Energy Department, Pioneer, CNBC, Chevron, PDC Energy, Noble Energy, Independent, Global, ExxonMobil, OPEC, Iran Locations: Midland , Texas, Brittany, Kansas City, Mo, U.S, Oklahoma, North Dakota, Alaska, Gulf, Mexico, Texas, New Mexico, Colorado, New York, American, Hatfield, Israel, Iran

☆ Oil consolidation makes sense to 'continue to lower the cost of production': Tortoise's Rob Thummel
▼ + stars: | 2023-10-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil consolidation makes sense to 'continue to lower the cost of production': Tortoise's Rob ThummelRob Thummel, Tortoise senior portfolio manager, joins 'Squawk Box' to discuss Exxon Mobil's acquisition of Pioneer Natural Resources, why the deal could open the door for more consolidation in the oil and gas sector, and more.

Persons: Rob Thummel Rob Thummel Organizations: Tortoise, Exxon, Natural Resources

Unlike Russia, one of the world's top oil and gas producers, Israel has very modest energy production. But there is a risk the war could spread to major energy producers in the Middle East and affect oil and gas flows. Second, a deal being brokered by Washington to normalise relations between Saudi Arabia and Israel, which could see the kingdom increase oil output, could be derailed. Saudi Arabia told the White House it is willing to boost oil production early next year to help secure the deal, the Wall Street Journal reported last week. Russian Deputy Prime Minister Alexander Novak added on Thursday that current oil prices factored in the conflict and reflected the market's belief that risks posed by the clashes were not that high.

Persons: Dado Ruvic, Brent, David Goldwyn, Rob Thummel, Janet Yellen, Iranian Oil Minister Javad Owji, Joe Biden, Helima Croft, Biden, Ben Cahill, Prince Abdulaziz, Alexander Novak, Vladimir Putin, Natalie Grover, Ahmad Ghaddar, Alex Lawler, Laura Sanicola, Kirsten Donovan, Cynthia Osterman Organizations: REUTERS, Hamas, U.S . State Department, Tortoise, Iran, U.S, Treasury, Iranian Oil Minister, RBC Capital Markets, Macquarie, SAUDI, Israel, Wall Street, Washington, Strategic, International Studies, Saudi Arabia's Energy, CNBC, OPEC, Organization of, Petroleum, Thomson Locations: Israel, Ukraine, Russia, U.S, Iran, Hormuz, Washington, Saudi Arabia, Strait, Riyadh, Moscow, United States, Tehran, Washington . Saudi Arabia, Saudi, OPEC, London, New York

☆ The economy will continue to see higher oil prices, says Tortoise's Rob Thummel
▼ + stars: | 2023-10-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe economy will continue to see higher oil prices, says Tortoise's Rob ThummelRob Thummel, Tortoise Ecofin senior portfolio manager, joins 'Power Lunch' to discuss oil prices sliding and what it means for the energy sector.

Persons: Rob Thummel Rob Thummel, Tortoise

☆ Supreme Court returns for first private meeting of the term amid even more controversy
▼ + stars: | 2023-09-26 | by ( Ariane De Vogue | ) edition.cnn.com time to read: +8 min

CNN —The Supreme Court returns to Washington to face a new term and the fresh reality that critics increasingly view the court as a political body. Earlier this year, Roberts declined an invitation to appear before the Democratic-led Senate Judiciary Committee to discuss Supreme Court ethics, citing separation of powers concerns. Even if he did believe a formal ethics code is necessary, it’s unclear whether he would need a unanimous vote to move forward. Instead, they say, critics of the court are manufacturing a controversy to delegitimize the institution and staunch the flow of conservative opinions. Last week, she told an audience in Indiana that she thought it would be a “good” idea if the court were to adapt the ethics code used by lower court justices to fit the Supreme Court.

Persons: Donald Trump’s, Roe, Wade, John Roberts, Roberts, Joe Biden’s, ”, Justice Elena Kagan, Sonia Sotomayor, Ketanji Brown Jackson, “, ” Kagan, Clarence Thomas, Samuel Alito, ” Cate Stetson, Hogan Lovells, Dick Durbin, Durbin, recuses, Carrie Severino, Alito, forthrightly, ” Alito, “ I’ve, Elena Kagan, Amy Coney Barrett, Brett Kavanaugh Organizations: CNN, Democratic, Conservative, Cato Institute, Democrat, Judicial, Crisis Network Locations: Washington, Congress, Indiana, Lake Geneva , Wisconsin, Ohio

ENGLE, N.M. (AP) — While the average lifespan of North America's largest and most rare tortoise species is unknown, biologists have said it could span upward of a century. The “safe harbor agreement” will facilitate the release of captive tortoises on the Armendaris Ranch to establish a free-ranging population. The tortoise is just the latest example of a growing effort to find new homes for endangered species as climate change and other threats push them from their historic habitats. Absent a willingness by wildlife managers to think more broadly, he said, species like the Bolson tortoise could have a bleak future. That work will include getting state and federal permits to release tortoises outside of the enclosures on Turner lands.

Persons: ENGLE, Ted Turner's, Martha Williams, Shawn Sartorius, ” Sartorius, It's, it's, Mike Phillips, Phillips, ”, can’t, ” Phillips Organizations: Fund, Fish, Wildlife Service, Fish and Wildlife Service, Turner, Species Fund, Southwestern, U.S . Fish, Wildlife Locations: N.M, America's, New Mexico, U.S, Southwest, Mexico, United States, Texas, Oklahoma, Southwestern U.S, Carlsbad, Turner

☆ Decarbonizing has tremendous growth potential for energy infrastructure, says Tortoise's Rob Thummel
▼ + stars: | 2023-09-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDecarbonizing has tremendous growth potential for energy infrastructure, says Tortoise's Rob ThummelRob Thummel, Tortoise Ecofin senior portfolio manager, joins 'Squawk on the Street' to discuss rising energy oil prices due to the output cut extension, oil prices influencing energy investment decisions, and companies building carbon capture infrastructure.

Persons: Decarbonizing, Rob Thummel Rob Thummel, Tortoise

CNN —A 100-year-old African tortoise named Biscuit has been reunited with his family after being rescued from a canal, according to the Parish of Ascension in Louisiana. Animal control officers Curt Trepagnier and Isreal Millet “humanely contained, loaded into the truck, and safely transported” Biscuit to Cara’s House-Ascension Parish Animal Shelter, the post detailed. Biscuit was rescued by Animal Control in Ascension Parish, Louisiana. “We are happy to report that Biscuit has been reunited with his family! A video on the shelter’s Facebook page showed the centenarian tortoise slowly walking in front of his owner toward Howard’s pickup truck.

Persons: Curt Trepagnier, Isreal Millet “, Lamoine Howard, “, Howard, ” Howard, ” Organizations: CNN, Cara’s, Animal Control, ” CNN Locations: Ascension, Louisiana, New, Baton Rouge and New Orleans, Ascension Parish , Louisiana

☆ CNN is reportedly in talks to bring in a British boss to clean up Chris Licht's mess
▼ + stars: | 2023-08-28 | by ( Chris Johnston | ) www.businessinsider.com time to read: +4 min

Two British media figures have been linked with the top job at CNN, Semafor reported. Mark Thompson, the former New York Times Company CEO, is the "leading candidate," per the outlet. Not one, but two, British media figures have been linked with the role, Semafor first reported. Before an eight-year stint as The New York Times boss, he was director-general of the BBC. The decision to launch CNN Max comes about year after the company axed CNN+.

Persons: Semafor, Mark Thompson, James Harding, Chris Licht, Licht, Donald Trump, He'd, Jeff Zucker, Thompson, he'd, Semafor's Ben Smith, David Zaslav, Oli Scarff, Harding, WBD, CNN Max Organizations: CNN, New York Times Company, BBC News, Morning, The, Street Journal, New York Times, BBC, Financial Times, Washington DC, Max Locations: British, London, AFP, Asia, Washington

☆ Rome’s Iconic Umbrella Pines Imperiled by Pests and the Ax
▼ + stars: | 2023-08-13 | by ( Elisabetta Povoledo | More About Elisabetta Povoledo | ) www.nytimes.com time to read: 1 min

The protesters who had gathered on an arid patch of lawn in Rome’s central Piazza Venezia hailed from neighborhoods all around the capital, but they had one concern in common: saving the towering umbrella pine trees that for centuries have adorned the city’s low-slung skyline but are disappearing in distressing numbers. Celebrated in music and art, and admired by the ancient Romans, the trees are as much a part of the city’s identity as its human-made landmarks. “They are in the hearts, photographs and memories of everyone,” said Jacopa Stinchelli, who is helping lead the defense of the pines, which in recent years have taken a mangy turn. An infestation of a pernicious and invasive pest, an insect known as the pine tortoise scale, which sneaked into Italy about a decade ago, has killed many trees.

Persons: ”, Jacopa Stinchelli Organizations: Piazza Venezia Locations: Rome’s, Italy

☆ Survivor stories: Victims of Maui wildfires tell of watching Lahaina burn down
▼ + stars: | 2023-08-11 | by ( Alaa Elassar | ) edition.cnn.com time to read: +11 min

CNN“The smoke started getting thicker and blacker,” Kaleiopu recalled. An emergency alert soon reached him by phone, urging Lahaina residents to flee: The smoke had given way to flames. Not far away on the ocean, boat captain Christina Lovitt soon found herself on a skiff, also trying to help. Stymied from anchoring by 70- to 80-mph gusts, they drifted and eventually were pulled onto a 120-foot boat, Lovitt recalled. Aguiran watched his parents’ house burn down, one of five family homes destroyed, Tacderan said, and among more than 270 structures declared impacted so far by the fire in Lahaina.

Persons: Phena Davis, “, Dustin Kaleiopu, Hurricane, ”, ” Kaleiopu, Davis, Bryan Aguiran, ” Aguiran, Teri Lawrence, Lawrence, you’re, Christina Lovitt, ” Lovitt, Lovitt, who’d, Reza Danesh, ’ ”, Danesh, He’d, Tiffany Kidder Winn, Aguiran, Ella Sable Tacderan, Tacderan, ‘ You’ll, I’m, I’ve, grandpa, ” Davis, “ We’re Organizations: CNN, “, Coast Guard, Hawaii Army National Guard, Hawaii National Guard, Reuters, MODO Mobile Locations: Lahaina, Maui, Kaanapali, Hawaiian, That’s, “, ”, New York, Wailuku Maui, Huelo

☆ Death Valley: 2 men got lost, drove off-road; charges pending
▼ + stars: | 2023-08-02 | by ( Marnie Hunter | ) edition.cnn.com time to read: +3 min

CNN —Two men driving in Death Valley National Park on July 4 got lost and illegally drove off-road, the US National Park Service alleges, sending one man to the hospital with heat-related illness. “Death Valley is an awe-inspiring place that demands our utmost respect and preparedness,” Superintendent Mike Reynolds said in a statement. The pair walked about another mile to paved Badwater Road, where they walked an additional 12 miles (19 kilometers) north, the Park Service said. NPSDeath Valley must: Road mapThe Park Service reminds visitors that there is no cell service in most of the park, and GPS navigation can be unreliable in remote locations such as Death Valley. The Park Service said it’s safest to stay on paved roads during the summer heat.

Persons: Mike Reynolds, ” Organizations: CNN, National Park Service, NPS, GPS, Park Service, View, “ Vehicles, Service Locations: Death, Shoshone , California, Pahrump , Nevada, Alaska

☆ Flagship Odey fund slimmed down by manager Neave, exits commodity futures
▼ + stars: | 2023-08-02 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

OAM, which declined to comment, will send out further correspondence about how the Odey European Inc fund will be restructured, the letter said. OAM reorganised many of its funds in June and Neave took over the flagship Odey European Inc fund, amid fears of an investor exodus following the allegations. Since then, Neave has reduced the size of the hedge fund's investments in stocks, bonds and, in June, sold out of its gold futures. The fund closed out its direct exposure to gold futures, the letter said. Odey European Inc has kept some exposure to commodities through long positions related to the crude and palm oil company stocks, the letter said.

Persons: Freddie Neave, Crispin Odey's, Crispin Odey, Odey, Neave, Leopalace, Nell Mackenzie, Amanda Cooper, Alexander Smith Organizations: Reuters, Odey Asset Management, Financial Times, Tortoise Media, Inc, United Rentals, Learning Technologies, Jadestone Energy, Thomson

It began Friday in the New York Mountains of California’s Mojave National Preserve and crossed state lines into Nevada on Sunday. The fire is burning through and threatening groves of Joshua trees – the branching, spiky plants of the Mojave Desert that can live more than 150 years. The Mojave National Preserve is a significant hotspot for biodiversity, with one conservationist calling it the “crown jewel” of the deserts of Southern California. But rain in the Mojave Desert, which is seasonal and scarce, “poses a unique challenge to firefighters,” the Mojave National Preserve said. They will be on the lookout for desert tortoises, making sure to avoid burrows and active individuals,” the Mojave National Preserve said.

Persons: Joshua, Joshua trees, Marc Peebles, Cody Hanford, “, ” Hanford, David Swanson, ” Laura Cunningham, ” Cunningham Organizations: CNN, York, Land Trust, Getty, Mojave, KVVU, National Park Service, Park Service Mojave National, Firefighters, National Interagency Fire Center, Preserve, “ Locations: California, Nevada, New York, Southern California, Mexico, AFP, Cima

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