In a filing yesterday with the Securities and Exchange Commission, oil refiner Valero Energy Corp. (NYSE: VLO) said that it has accepted an offer of $350 million plus working capital for its…
For the second time in two months, MarkWest Energy Partners L.P. (NYSE: MWE) has launched a secondary offering of common units to support the company’s expansion plans. In March, MarkWest sold 6.8…
Oil has passed $97 on its way down to what some analysts believe will be $90 or less. That would be a reset of more than 15% over two months. The worry…
Coalition talks in Greece are unlikely to create a new government, raising the chance Greece could leave the eurozone. (Reuters) GlaxoSmithKline (NYSE: GSK) will launch a takeover of Human Genome Sciences (NASDAQ:…
Corporate governance, which is a subject often debated but usually in abstract, has moved to the front pages. Patti Hart, the Yahoo! (NASDAQ: YHOO) director who was in charge of the search…
Douglas A. McIntyre Southeastern Asset Management, Inc. is getting aggressive against Chesapeake Energy Corporation (NYSE: CHK). This is no ordinary shareholder either: it is the largest listed shareholder. The new filing shows some 89,854,868 shares…
Jon C. Ogg It was just a couple of days ago that oil was trading around $105 per barrel for West Texas Intermediate crude. Now the talk has migrated away from geopolitical risks associated with Iran. …
Facebook sets its IPO to raise more than $10 billion. (Reuters) The California State Teachers’ Retirement System (CalSTRS) files suit against Walmart (NYSE: WMT) over bribery allegations in Mexico. (Reuters) Greek elections…
Chesapeake Energy Corporation (NYSE: CHK) has confirmed what many investors probably should have been expecting in relation to the recent CEO double-dip dealing of Aubrey McClendon. Chesapeake issued a notice that the…
Jon C. Ogg The major US stock indexes opened mostly flat this morning following a softer-than-expected report from the Institute for Supply Management on non-manufacturing growth (our coverage here). The report on new unemployment benefits…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Thursday. Align Technology, Inc. (NASDAQ: ALGN) named Bull of the Day at Zacks.…
The Chesapeake Energy (NYSE: CHK) board has gone so far as to strip CEO Aubrey K. McClendon of his role as chairman. Its members say they will change McClendon’s controversial compensation plan, which gives him a stake in some…
The major US stock indexes opened lower this morning following dismal reports from Europe on manufacturing (our coverage here) and unemployment (more coverage here). The ADP report on US unemployment provided more…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Wednesday. Assurant Inc. (NYSE: AIZ) Cut to Underperform at BofA/ML. Cerner Corporation (NASDAQ: CERN)…
Natural gas producer Chesapeake Energy Corp. (NYSE: CHK) reported first quarter results after the markets closed yesterday. The company missed the headline numbers, but that’s not the company’s biggest problem. That would…
