Entries tagged "Chesapeake Energy"
Automakers on Monday reported bleak December sales, marking the industry's worst year since 1992, with sales at Chrysler LLC falling 53%, Ford Motor Co. falling 32%, General Motors Corp. announcing a 31% decline, and Toyota Motor Corp. and Honda Motor Co. sliding 37% and 35%, respectively. Despite the dismal top-line numbers, shares of the two publicly traded U.S. automakers, GM and Ford, rose 2.74% to close at $3.75 and 4.88% to close at $2.58, respectively. Maybe shareholders are hanging onto hopes that the Treasury Department will dole out a few billion more for Detroit? Not likely. ...
Rumors flew in the oil patch this week that British oil giant BP plc would scoop up Oklahoma City oil explorer Chesapeake Energy Corp. Chesapeake's shares shot up 8.2% on Wednesday, or $1.88, to close at $24.83 but were slammed down $2.30 to $22.53 per share Thursday in the general market downdraft. It traded as high as $74 per share over the last year. ...
