Entries tagged "energy mergers"
Rep. Henry Waxman, D-Calif., will be the House of Representatives' chief overseer of media and telecom mergers, the energy industry and foreign acquisitions that have national security implications. Waxman landed that charge Thursday morning after beating Rep. John Dingell, D-Mich., in a battle for the chairmanship of the House Energy and Commerce Committee. Waxman had argued that Dingell was too close to automakers and had not done enough to impose tighter emission standards on cars or to pursue other environmental initiatives....
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. ...
