Chesapeake shares drop as loan increased to $4 billion
Tue May 15, 2012 10:50am EDT (Reuters) – Chesapeake Energy Corp shares dropped as much as 6.5 percent early on Tuesday after sources said the natural gas producer had increased a new bridge loan to $4 billion from $3 billion. The company, which faces a funding shortfall of about $10 billion this year, said on [...]
Home Depot sales miss estimates; shares fall
By Dhanya Skariachan Tue May 15, 2012 8:20am EDT (Reuters) – Home Depot Inc (HD.N) reported weaker-than-expected quarterly sales on Tuesday after demand slowed in April following a jump in home improvement projects spurred by warm weather earlier in the year. The news sent shares of the world’s largest home improvement chain down more than [...]
Shares in TV maker Loewe jump on Apple bid talk
FRANKFURT | Mon May 14, 2012 5:53am EDT FRANKFURT (Reuters) – Shares in German luxury TV maker Loewe jumped to a 10-month high on Monday on market talk of a potential offer from Apple. Web blog AppleInsider cited a person familiar with the matter as saying Apple was willing to pay 87.3 million euros ($113 [...]
Yahoo shares up after CEO exit
Mon May 14, 2012 10:09am EDT (Reuters) – Yahoo Inc (YHOO.O) investors welcomed the appointment of a media veteran as interim Chief Executive of the Internet company after Chief Executive Scott Thompson stepped down following a controversy over his academic record. Yahoo shares rose 1.7 percent after the company said on Sunday that Thompson was [...]
Avon shares up on hopes of a Coty takeover
Mon May 14, 2012 9:17am EDT (Reuters) – Avon Products Inc (AVP.N) shares rose more than 5 percent in premarket trading on Monday, a day after the cosmetics company said it would consider the latest proposal from Coty Inc COTY.UL, raising hopes of a takeover. Avon, which rejected Coty’s prior offers, said on Sunday that [...]
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