Posts Tagged Industries

Bank scandal tarnishes powerful Portuguese family

In this July 24, 2014 photo, Francisco Proenca de Carvalho, lawyer for Portuguese bank Banco Espirito Santo's former chief executive Ricardo Salgado, leaves a Lisbon court after Salgado was questioned about money-laundering, fraud and forgery. The Espirito Santo family business survived wars, dictatorship, revolution and family feuds for almost 150 years. Now, one of Europe's last banking dynasties is being stripped of its wealth and influence amid accounting irregularities, huge unreported debts, and a police investigation. (AP Photo/Francisco Seco)

LISBON, Portugal (AP) — Portugal’s Espirito Santo family business survived wars, dictatorship, revolution and family feuds for almost 150 years. Now, one of Europe’s last banking dynasties is being stripped of its wealth and influence amid accounting irregularities, huge unreported debts, record losses at the family bank and a police investigation.

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Sanctions will damage Russia if not lifted quickly

Russian President Vladimir Putin, background center, heads the Cabinet meeting in the Novo-Ogaryovo residence, outside Moscow, Russia, Wednesday, July 30, 2014. The meeting focused on measures to encourage Russian companies to pull their assets back from offshore. The United States and the European Union on Tuesday announced a raft of new sanctions against Russian companies and banks over Moscow’s support for separatists in Ukraine. (AP Photo/RIA Novosti, Alexei Nikolsky, Presidential Press Service)

MOSCOW (AP) — U.S. and European sanctions against Russia’s energy and finance sectors are strong enough to cause deep, long-lasting damage within months unless Moscow persuades the West to repeal them by withdrawing support for Ukrainian insurgents.

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Raiders owner confirms talks with San Antonio

OAKLAND, Calif. (AP) — Oakland Raiders owner Mark Davis confirmed he has met with San Antonio officials but declined to disclose whether he has any interest in relocating the franchise to Texas.

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How to fit a wind farm into your portfolio

In this Tuesday, Aug. 3, 2011 file photo, a worker looks over solar panels at the NRG Solar and Eurus Energy America Corp.’s 45-megawatt solar farm in Avenal, Calif. Energy companies are wrapping renewable energy projects and other power-related assets that generate steady cash into new companies they hope attract investors hunting for dividends. (AP Photo/The Sentinel, Apolinar Fonseca, File)

NEW YORK (AP) — You can now fit a wind or solar farm into your portfolio, even if your portfolio isn’t exactly vast.

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Churchill Downs, Saratoga close to management deal

SARATOGA SPRINGS, N.Y. (AP) — Churchill Downs Inc. is finalizing a deal with the operators of the Saratoga Casino and Raceway to manage the upstate New York gambling facility and another in Colorado, the companies announced Wednesday.

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