Wednesday, April 7, 2010 as of 11:14 AM ET
* Morning star is the name given to the planet Venus when it appears in the east before sunrise.
Read More at Wikipedia ›Activist investor Carl Icahn reported a 7.
6% stake in Chesapeake Energy Corp. (CHK) Friday and called for the replacement of at least four of the embattled natural-gas company's board members.Icahn's call for a shakeup echoes the wish of investors who have said lax board oversight is partly to blame for the company's 50% decline in share price over the past year. Scandals surrounding company co-founder and Chief Executive Aubrey McClendon and complicated financials have helped the company lose hundreds of millions of dollars in market capitalization."He's out for blood," Morningstar analyst Mark Hanson said of Icahn's demands. "You needed someone with sharper elbows, and now you got it."News of Icahn's stake and demand sent Chesapeake shares 1.5% higher in after hours trading, to $16.04.Icahn called for at least four of the board's current members, other than Louis Simpson, to be immediately replaced by two individuals of his own choosing. Another large shareholder should designate two...The Schroder International Multi-Cap Value fund (SIDNX) will go anywhere in the world for a good value.The fund, rated four stars out of five by Morningstar, has mor...
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Shareholder advisory firm Glass, Lewis & Co. on Wednesday advised investors in Chesapeake Energy Corp. (CHK) to vote for shareholder proposals that would dramaticall...
The Securities and Exchange Commission is taking its own sweet time coming up with a rule that would make all investment advisers put their clients' interest first.A...
Chesapeake Energy Corp. (CHK) Friday said it will cut total compensation for its board by 20%, the latest move by the beleaguered natural-gas giant to quell criticis...
Rick Summer, Morningstar analyst, on Facebook’s IPO and the company’s valuation.
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