Natural gas prices have been rising, getting to around $2.75/thousand cubic feet last week before falling back a little to around $2.69. At this level, coal once again enters the picture, as…
When a CEO lays out good money to purchase shares of his company at market prices, that’s usually a positive signal to shareholders. Such is the case with Continental Resources Inc. (NYSE:…
Paul Ausick Late last Friday, credit rating firm Fitch Ratings downgraded the already low corporate credit rating of Chesapeake Energy Corp. (NYSE: CHK) from ‘BB’ to ‘BB-’. The firm also lowered its rating on…
Paul Ausick Alibaba buys back a 20% share held by Yahoo! (NASDAQ: YHOO) for a combination of cash and preferred shares worth $7.1 billion. (Reuters) The heads of Samsung and Apple (NASDAQ: AAPL) will discuss…
G8 leaders will seek solutions to the EU crisis. (Reuters) The Facebook IPO, priced at $38, will raise $16 billion. (Reuters) A new poll shows Greeks favor pro-bailout leaders who will keep…
Ratings agency Standard & Poor’s this morning lowered the corporate credit rating of Chesapeake Energy Corp. (NYSE: CHK) from ‘BB’ to ‘BB-’, and put the company on negative credit watch. Two Chesapeake…
Paul Ausick Many Americans, and some politicians, have attacked the boards of major U.S. corporations for paying their CEOs too much, not holding management to tough earnings goals and lining their own pockets with…
The president of Greece cannot create a coalition government. (Reuters) Sony (NYSE: SNE) and Panasonic may force a partnership to build OLED TVs. (Reuters) Trouble at Chesapeake Energy (NYSE: CHK) may prompt…
Several senior JP Morgan (NYSE: JPM) executives will leave the bank in the wake of its $2 billion trading loss. (Reuters) Yahoo! (NASDAQ: YHOO) ex-CEO Scott Thompson has thyroid cancer. (WSJ) Greece will…
Its reputation, and Wall St.’s perception of its future in tatters, Chesapeake Energy (NYSE: CHK) secured a much need loan to prop up its short term balance sheet prospects. The firm announced…
Douglas A. McIntyre The major US stock indexes opened significantly lower this morning as investors reacted to the surprise loss of $2 billion by JPMorgan Chase & Co. (NYSE: JPM) disclosed by the bank’s CEO…
Fitch Ratings is out with a statistical review of operational metrics at a number of oil & gas companies. The review notes a handful of emerging trends: Finding, development, and acquisition (FD&A)…
Facebook’s initial public offering is already oversubscribed. (Reuters) JP Morgan (NYSE: JPM) books a $2 billion trading loss, and the figure could rise by another $1 billion. (Reuters) China’s industrial production and…
Protestors in various cities around the world are “occupying” any parks and streets they can find, to some extent to protest the success of big business as it contrasts the fortunes of…
Short sellers moved aggressively into the shares of companies with weak financial prospects and stock prices. According to data from the NYSE and Nasdaq, for the period that ended April 30, shares…
