Chesapeake raises production outlook, predicts smaller cash inflowOctober 13th, 2009 Chesapeake raises production outlookOKLAHOMA CITY — Chesapeake Energy Corp. on Tuesday slightly raised oil and gas production forecasts for 2009 and 2010 and predicted a strong production boost in 2011.
RAM Energy shares soar as analyst initiates coverage with "Market Outperform" ratingOctober 1st, 2009 RAM Energy shares soar as analyst initiates ratingNEW YORK — Shares of oil and gas company RAM Energy Resources Inc. soared on Thursday, as an analyst initiated coverage of the company with a "Market Outperform" rating.
ReneSola signs deal to buy Dynamic Green Energy; cuts full-year revenue outlookSeptember 23rd, 2009 ReneSola to acquire Dynamic Green EnergyNEW YORK — Chinese solar maker ReneSola Ltd. on Wednesday said it will acquire Dynamic Green Energy Ltd.'s shares in exchange for 26.8 million of its own shares and $10 million in the form of a convertible promissory note.
Despite low natural gas prices, Chesapeake Energy CEO convinced industry future is brightSeptember 8th, 2009 Chesapeake CEO convinced CNG popularity will growOKLAHOMA CITY — Chesapeake Energy Corp. CEO Aubrey McClendon remains so convinced of the fuel's future that he's even converted his personal vehicle to run on it.
Fitch lifts rating outlook for Ford citing lessening cash worries, new car lineupAugust 26th, 2009 Fitch lifts rating outlook for FordCHICAGO — Fitch Ratings has lifted its ratings outlook on Ford Motor Co. to "Stable" from "Negative," citing "the solid execution" of the automaker's restructuring plan, its planned product lineup, streamlined manufacturing plans and lower liquidity worries.
Citigroup upgrades Advanced Micro Devices to 'Buy,' cites potential gains with Hewlett-PackardAugust 24th, 2009 Ahead of the Bell: AMD upgraded to 'Buy'NEW YORK — Shares of chip maker Advanced Micro Devices Inc. rose 6 percent in premarket trading on Monday after a Citigroup analyst upgraded it to "Buy" from "Hold," saying he sees a chance for increased market share with AMD's main customer, PC maker Hewlett-Packard Co.
Suntech Power profit drops 81 pct on pricing pressure for solar panels, cuts shipment outlookAugust 20th, 2009 Suntech Power 2Q profit falls on pricing pressureSAN FRANCISCO — Chinese solar energy company Suntech Power Holdings Co. Ltd. on Thursday posted an 81 percent drop in second-quarter earnings, driven by sales pricing pressure, and cut its full-year shipment outlook.
Chesapeake Energy CEO McClendon sees potential for global expansion in deal with StatoilHydroAugust 4th, 2009 On the Call: Chesapeake Energy CEO McClendonChesapeake Energy, one of the nation's largest independent natural gas producers, has struck deals in the past year with European oil and gas companies BP and StatoilHydro that gives them a stake in shale gas projects that Chesapeake is developing. Shale is a kind of layered, sedimentary rock that exists in formations throughout the world.
Chesapeake Energy reports second quarter profit even as gas prices fallAugust 3rd, 2009 Chesapeake falls short of 2Q revenue expectationsCOLUMBUS, Ohio — Chesapeake Energy said Monday that it posted a second-quarter profit, one year after the natural gas producer recorded a $1.6 billion loss due to hedging. Stripping out one-time costs, however, Chesapeake Energy said profit was down from last year with natural gas prices off 70 percent.
Michigan power company CMS Energy back 2009 outlook of $1.25 per shareJuly 30th, 2009 CMS Energy reaffirms 2009 outlookJACKSON, Mich. — Power company CMS Energy on Thursday reaffirmed its adjusted profit outlook for 2009 of $1.25 per share.
3M posts decline in 2nd-quarter profit as demand weakens, but raises 2009 earnings forecastJuly 23rd, 2009 3M 2nd-quarter profit slips as economy lagsST. PAUL, Minn. — Manufacturing conglomerate 3M Co.
Bank of America shares fall in premarket trading on reports it needs $34 billion in capitalMay 6th, 2009 BofA shares fall on reports of $34B shortfallNEW YORK — Bank of America stock is falling in premarket trading amid reports that it needs $34 billion in new capital. The Wall Street Journal and New York Times are reporting regulators are telling the Charlotte, N.C.-based bank it needs about $34 billion in capital based on results of government "stress tests." Both reports cite anonymous sources.
Chesapeake Energy defends $112.5M CEO pay package that has drawn criticism from shareholdersMay 4th, 2009 Chesapeake defends CEO pay packageCOLUMBUS, Ohio — Chesapeake Energy on Monday again defended a $112.5 million payout for its CEO, calling it a "carefully tailored" incentive package tied to company performance. At least two investor groups have challenged the package awarded to co-founder Aubrey McClendon at a time when Chesapeake, one of the largest natural gas producers in the United States, has seen its share price decimated.
Chesapeake Energy post $5.7B 1st quarter loss on tumbling natural gas pricesMay 4th, 2009 Chesapeake Energy posts 1Q $6B lossCOLUMBUS, Ohio — Chesapeake Energy on Monday posted a nearly $6 billion loss for the first quarter as tumbling natural gas prices forced one of the nation's largest gas producers to write down the value of its gas and oil properties. Oklahoma City-based Chesapeake said it lost $5.7 billion, or $9.63 per share, for the quarter ended March 31 compared with a loss of $132 million, or 29 cents a share, in the year-ago quarter.
Exelon first quarter earnings climb by 23 percent on back of increased nuclear outputApril 23rd, 2009 Exelon 1Q earnings up 23 percent on nuclear outputCOLUMBUS, Ohio — Exelon on Thursday said its first quarter earnings rose 23 percent, driven by increased output at its nuclear operations and higher rates. The company reiterated its profit outlook of $4 to $4.30 per share for the year and in premarket trading, company shares jumped nearly 6 percent, or $2.68, to $48.20.
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