Chesapeake shareholders withhold support at annual meeting
Chesapeake Energy Corp. investors vote against two directors amid concerns over board oversight of CEO Aubrey McClendon. Shares dropped 40 percent year over year, while the company pursues asset sales to manage a heavy debt load and fund big spending.
MENTIONED IN THIS ARTICLE
Oklahoma City
Chesapeake Energy Corp
Aubrey McClendon
K. Davidson
McClendon
Chesapeake
Biju Perincheril
Jeffries & Company
Dow ends week on strong note as stocks rally on hoards of restocked goods
Investors push the Dow up about 76 points after a 0.6 percent April rise in wholesale stockpiles signals faster restocking. The S&P 500 gains near 9 points and the Nasdaq climbs over 23 as Wal-Mart leads gains. energy sectors lag while Asia markets slide.
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US oil and gas rig count rises to 1984 with gains
Baker Hughes reports an increase of four rigs this week bringing the national total to 1,984. Of these 1,414 drill for oil and 565 for gas with five miscellaneous rigs. Colorado advanced four rigs and Louisiana three while California Oklahoma and Texas gained two each.
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Baker Hughes Inc
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Revenue gains at American Airlines outpace rivals in May
AMR Corp and its Eagle unit posted a 7.3 percent rise in revenue per passenger mile in May, outpacing Delta US Airways Southwest and United. Traffic edged up 0.4 percent year over year to 11.88 billion miles as capacity fell 0.6 percent amid ongoing bankruptcy protection.
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American Airlines
American Eagle
AMR Corp
AMR
Delta
US Airways
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American
Eagle
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Ray Neidl
Maxim Group LLC
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