Lotte Group Founder Shin Kyuk-ho Retires as Board Director at 94

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Lotte Group Founder Shin Kyuk-ho Retires as Board Director at 94

Shin Kyuk-ho, the 94-year-old founder of Korean-Japanese retail giant Lotte Group, is leaving his post as board director of Lotte's holding company,
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Mexico's Short 3.5 Million Barrels of Gasoline With a Plant Down

Mexico's state-run oil refiner is looking for an extra 3.5 million barrels of gasoline to make up for a plant shut by a fire and flooding. Petroleos
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Jeff Bezos is $5 billion away from being the world's richest person

Thanks to a surge in Amazon (AMZN, Tech30) stock — the company just announced that it is buying Whole Foods (WFM) — Bezos added another $1.8 billion to his net worth, according to Bloomberg.
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Crude oil production: royalty rates, profit-sharing, and accounting arrangements

In last week's article, we referred to the two recognized methods of accounting for costs relating to the exploration, development and production of
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One Dead in London Mosque Incident

Bloomberg's Anna Edwards reports on a major incident in London. She speaks on “Bloomberg Markets: Middle East.” (Source: Bloomberg)
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