Chesapeake set for probe May 2, 2012 US Senator Bill Nelson plans to ask the Justice Department to investigate Chesapeake Energy Corp for potential fraud and price manipulation, an aide to the lawmaker said. Chesapeake shares fell nearly 15 per cent to close at $16.74 on the New York Stock Exchange, their largest decline in over three years.
Dow ends at highest level in four years May 1, 2012 THE Dow closed at its highest level in more than four years yesterday after US manufacturing expanded at a faster pace than expected in April, easing jitters about a slowdown in the economic recovery. The Dow Jones industrial average gained 65.69 points, or 0.50 per cent, to 13,279.32 at the close. The Standard & Poor’s [...]
Nasdaq upbeat as declares its first dividend April 25, 2012 NASDAQ OMX declared its first quarterly dividend yesterday, but said first-quarter net earnings declined due in part to lower US trading volumes for stocks and derivatives. The exchange operator said it would pay a quarterly dividend of 13 cents a share, a two per cent yield, reflecting its strong cash flow and capital generation. It [...]
Wall Street is in retreat over euro worries April 23, 2012 US stocks fell yesterday as political turmoil in Europe cast doubts on the Eurozone’s ability to push through measures to end its debt crisis and as Wal-Mart sank following a report it stymied a bribery probe. The Dow Jones industrial average was down 102.09 points, or 0.78 per cent, at 12,927.17. The Standard & Poor’s [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 22, 2012 FINANCIAL TIMES Non US banks hope for reprieve on swaps US regulators are exploring ways to give large foreign banks and overseas subsidiaries of US lenders a reprieve from stringent new derivatives rules, potentially alleviating one of the biggest concerns facing global finance institutions. Chesapeake discloses chief’s $661m payments for wells Aubrey McClendon, the chief [...]
Lacklustre US results drag on Wall Street April 18, 2012 US stocks slipped yesterday, a day after Wall Street’s best gains in a month, as uninspiring earnings from tech bellwethers IBM and Intel gave investors a reason to take profits. Chesapeake Energy dropped 5.5 per cent to $18.06 and was the most actively traded stock on the New York Stock Exchange after a Reuters report [...]
Good earnings help US shares bounce back April 11, 2012 AN encouraging start to earnings season helped US stocks rebound yesterday five days of losses that pushed the S&P 500 below a key technical level. Equities cut gains late in the session after the Federal Reserve said rising energy costs were a concern for economic growth. Atlanta Fed President Dennis Lockhart said the economy would [...]
Slide worsens across the US stock markets April 10, 2012 THE SELL-OFF in US stocks accelerated yesterday, as the Dow and S&P 500 dropped for a fifth day, with the pullback coming on the cusp of earnings season. The Dow Jones industrial average lost 213.66 points, or 1.65 per cent, to 12,715.93 at the close. The Standard & Poor’s 500 Index dropped 23.61 points, or [...]
Dow and S&P both end lower for fourth day April 9, 2012 THE Dow and the S&P 500 extended losses to a fourth day yesterday, as investors took their cues from last week’s disappointing jobs report, which raised fresh concerns about the US economy’s recovery. Despite yesterday’s declines, the Dow industrials and the S&P 500 ended above their session lows. But trading has been choppy in recent [...]
Burger King set to rejoin the US stock market April 4, 2012 BURGER King will flip back to the public markets less than two years after it was snapped up by a US private equity house. The world’s third-largest hamburger chain, currently owned by 3G Capital Management, has agreed to sell a 29 per cent stake to London-listed investment firm Justice Holdings for $1.4bn (£882m). Shares in [...]