Category archives for: Business

Under pressure, Chesapeake cuts director pay – CNBC.com

BloombergUnder pressure, Chesapeake cuts director payCNBC.com(Reuters) – Chesapeake Energy Corp , under growing pressure from shareholders to improve corporate governance, reduced the compensation for its outside directors by 20 percent and eliminated …

Postal Service’s next deadline: Aug. 1 – CNN

Kansas City StarPostal Service's next deadline: Aug. 1CNNBy Jennifer Liberto @CNNMoney May 18, 2012: 5:29 PM ET The next deadline for Congress to save the Postal Service is Aug. 1, when the agency won't have enough cash to make a payment into t…

GM won’t advertise in the 2013 Super Bowl – CNNMoney

CBC.caGM won't advertise in the 2013 Super BowlCNNMoneyBy Peter Valdes-Dapena @PeterDrivesMay 18, 2012: 5:33 PM ET During last year's Super Bowl, GM ran an ad implying that only its Chevrolet Silverado trucks could survive an apocalypse. But ap…

Dow Sinks for 12th Time in 13 Sessions – Wall Street Journal

Wall Street JournalDow Sinks for 12th Time in 13 SessionsWall Street JournalBy TOMI KILGORE And MATT JARZEMSKY Blue chips extended a streak of declines the likes of which hasn't been seen in almost 40 years, amid concerns about the euro zone and Fa…

New York penthouse sells for a record $90 million – CNNMoney

New York Daily NewsNew York penthouse sells for a record $90 millionCNNMoneyBy Les Christie @CNNMoney May 18, 2012: 5:07 PM ET Take a look inside New York's most expensive penthouse by clicking on the picture above. NEW YORK (CNNMoney) — An unname…

Hurry up and wait: Trading in Facebook IPO delayed – Los Angeles Times

Hurry up and wait: Trading in Facebook IPO delayedLos Angeles TimesBy Walter Hamilton Investors waiting for trading ofFacebook Inc.shares to begin will have to wait a bit longer. The Nasdaq stock market announced Friday morning that it was "experi…

FB starts trading on the Nasdaq – ZDNet (blog)

FB starts trading on the NasdaqZDNet (blog)By Emil Protalinski | May 18, 2012, 7:59am PDT Summary: Facebook is now a public company. Will the stock go up, or down? The social networking giant has started trading shares on the Nasdaq under the “FB” …

Crude down, hits biggest 3-wk loss since Aug ’11 – Reuters

Globe and MailCrude down, hits biggest 3-wk loss since Aug '11Reuters| NEW YORK (Reuters) – Crude oil futures fell more than 1 percent on Friday, down for the sixth straight session, as worsening problems in Greece and Spain raised worries of conta…

Hewlett-Packard Said to Consider Cutting Up to 25000 Jobs – San Francisco Chronicle

AFPHewlett-Packard Said to Consider Cutting Up to 25000 JobsSan Francisco Chronicle(Updates with closing shares in seventh paragraph.) May 17 (Bloomberg) — Hewlett-Packard Co. is considering cutting as many as 25000 jobs, or 8 percent of its workforce…

Union Leaders Of United Continental Pilots Call For Strike Vote – Wall Street Journal

Union Leaders Of United Continental Pilots Call For Strike VoteWall Street JournalUnion leaders of Continental Airlines and United Airlines pilots said they plan to call for a vote to strike against their employer, air carrier United Continental Holdin…

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