Industries

Wall Street

Malaysia PM Caught Up in 1MDB Money Trail Probe

Malaysia’s prime minister has been forced to deny being a thief after reports of up to $700M of public money ended up in his bank account. A task force has now raided the offices of three Malaysian companies linked to 1MDB, the debt-ridden state investment firm at the center of the scandal. Bloomberg’s Haslinda Amin reports on “First Up.” (Source: Bloomberg)

Energy

Oil Drops

It's bad for the exporters, great news for you

Stats

700

In December, drilling contractor Ensign Energy Services Inc. told California regulators that it planned to dismiss as many as 700 workers.