Wednesday, April 7, 2010 as of 11:14 AM ET
Oppenheimer as a surname may refer to:
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...Shares of Arena Pharmaceuticals (NASDAQ:ARNA) skyrocketed 80% Friday morning after a federal regulatory panel recommending approving the pharmaceutical company's obe...
Energy XXI CEO John Schiller on the outlook for oil demand and prices.
U.S. crude oil prices fell below $100 a barrel Friday for the first time since early February--and promptly tumbled past the $99 and $98 marks after a weak reading o...
Marathon Oil Corp.'s (MRO) first-quarter earnings fell 58% from the year-ago period that included contributions from its former refining and marketing business, miss...
Marathon Oil Corp.'s (MRO) first-quarter earnings fell 58% from the year-ago period that included contributions from its former refining and marketing business, miss...
Ireland-based drug maker Warner Chilcott PLC (WCRX) is back at the bargaining table, confirming Monday that it is evaluating options for its business, and is holding...
The following is a summary of analysts' forecasts for BP PLC (BP) first-quarter results, based on a poll of 11 analysts conducted by Dow Jones Newswires (figures in ...
Nearly four years after the financial crisis wreaked havoc on the global economy, U.S. regulators are finally coming down hard on the credit-ratings companies that b...
Exxon Mobil Corp. (XOM), the world's largest publicly traded oil company, raised its quarterly dividend by a higher-than-expected 21% Wednesday, showing its confiden...
Hess Corp.'s (HES) first-quarter earnings fell 41% without the benefit of a large year-earlier asset sale, coming relatively in line with analysts' expectations. But...
Dr. Jerry Webman discusses his new book 'MoneyShift: How to Prosper from What You Can't Control'
Exxon Mobil Corp. (XOM) is expected to next week unveil a higher-than-average dividend increase, pleasing investors who have long urged the company to bring its cash...
Oppenheimer & Co. analyst Brian Nagel on the outlook for Tiffany.
Chesapeake Energy Corp. (CHK) on Tuesday said it stands by its plan to expand its oil production, saying it will spend nearly all of its 2013 capital budget on drill...
Several large hedge funds and investment advisory firms sold large positions in Chesapeake Energy Corp. (CHK) during the first quarter.The sales by some of the large...
OppenheimerFunds Senior Investment Officer Jerry Webman on how investors can boost their portfolio.
Krishna Memani of Oppenheimer Funds explains how Europe impacts the U.S. markets.
Oppenheimer Funds Senior V.P. George Evans on why investors should remain calm despite the news going on with JPMorgan and in Europe.
Earnings from the retail segment will continue next week, with results due from giants Wal-Mart Stores Inc. (WMT) and Target Corp. (TGT).Social networking giant Face...
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