A Hedge Fund Eyes an Energy IPO

The largest shareholders are Sheffield Holdings, a Dubai-based real estate company, and the College Retirement Equities Fund. In addition, hedge fund giant The Baupost Group, headed by Seth Klarman, …

Dubai to build $8-B stormwater runoff system

DUBAI, United Arab Emirates — Dubai on Monday announced an $8-billion plan for a stormwater runoff system, two months after an unprecedented deluge and widespread flooding brought the desert state to a standstill. The rainwater drainage network announced …