Forestar Group Inc. is in the business of buying land that is rich in natural resources, such as oil and gas. That business, however, has not been as profitable lately, and activist shareholders are calling for major changes to the company’s board in light of diminishing returns.
Wondering why gas prices are so high in parts of the country (Chicago, we’re looking at you)? So is the Federal Trade Commission (FTC).
Regulators launched one of the biggest ever crackdowns on oil price manipulation on Tuesday, suing two well-known traders and two trading firms owned by Norwegian billionaire John Fredriksen for allegedly making $50 million by squeezing markets in 2008.