Business News
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News Summary: Chesapeake names new CEO
Monday, May 20, 11:43 am
(AP) - THE NEW GUY: Chesapeake Energy named Anadarko Petroleum executive Robert Douglas Lawler as its new CEO. Lawler is a petroleum engineer with 25 years of experience in the exploration and... Read more...
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Royalty Pharma increases bid for drugmaker Elan
Monday, May 20, 11:33 am
NEW YORK (AP) - Royalty Pharma has raised its offer to buy Elan on the condition that shareholders reject the Irish drugmaker's push to refocus its business through a string of recently announced deals,... Read more...
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Wal-Mart told to provide more info in bribe case
Monday, May 20, 11:32 am
WILMINGTON, Del. (AP) - A judge in Delaware ordered attorneys for Wal-Mart Stores Inc. to turn over more information to shareholders seeking records on how the company responded to allegations... Read more...
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Special K churns out products in brand evolution
Monday, May 20, 10:57 am
NEW YORK (AP) - Special K was once just a line of cereals. Today, it's a diet food empire. The brand first hit shelves in 1955 as a no-frills breakfast alternative but now caters to dieters... Read more...
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Judge gives final approval to A123 bankruptcy plan
Monday, May 20, 10:47 am
WILMINGTON, Del. (AP) - A Delaware bankruptcy judge has given final approval to the reorganization plan of failed battery maker A123 Systems Inc., which was the recipient of a $249 million Department... Read more...
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Actavis buying Warner Chilcott in $8.5B deal
Monday, May 20, 10:33 am
NEW YORK (AP) - Actavis is buying Warner Chilcott in an all-stock deal valued at about $8.5 billion that would create the third-biggest specialty pharmaceutical company in the U.S. market. The... Read more...
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Ryanair keeps growing, reports record profits
Monday, May 20, 10:32 am
DUBLIN (AP) - Ryanair reported record profits Monday as Europe's largest budget airline expanded its route network across the continent and into North Africa. Ryanair's share price also... Read more...
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Small company stocks take the limelight
Monday, May 20, 9:44 am
NEW YORK (AP) - Small companies took the limelight Monday as the stock market extended a rally. The Russell 2000, an index of small-company stocks, rose above 1,000 for the first time. The... Read more...
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Warren Buffett meets with young entrepreneurs
Monday, May 20, 9:43 am
OMAHA, Neb. (AP) - Billionaire Warren Buffett is spending his day listening to business pitches from a select group of kids, but the ideas aren't likely to generate new acquisitions for Buffett's Berkshire... Read more...
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Oil rises on higher US stocks, falling dollar
Monday, May 20, 9:32 am
NEW YORK (AP) - The price of oil rose Monday, taking its cue from the stock market and the dollar. Benchmark oil for June delivery was up 86 cents, or 0.9 percent, to $96.88 a barrel in... Read more...
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United to restart 787 flights on Monday
Monday, May 20, 8:57 am
(AP) - United Airlines is getting its 787s back in the air. The planes are flying again after being grounded for four months because of smoldering batteries on 787s owned by other airlines.... Read more...
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Small-company stocks lead the market higher
Monday, May 20, 8:55 am
NEW YORK (AP) - The stock market is edging higher in midday trading, led by small-company shares. The Russell 2000 index of small company stocks crossed 1,000 points for the first time Monday.... Read more...
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FDA has safety concerns with Merck insomnia drug
Monday, May 20, 8:43 am
WASHINGTON (AP) - Federal health regulators say an experimental insomnia drug from Merck can help patients fall asleep, but it also carries worrisome side effects, including daytime drowsiness... Read more...
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Stocks open slightly lower on Wall Street
Monday, May 20, 6:50 am
NEW YORK (AP) - Stocks are opening slightly lower on Wall Street as the stock market comes off of four straight weeks of gains. The Dow Jones industrial average fell 21 points to 15,332 shortly... Read more...
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Chesapeake names Anadarko executive as new CEO
Monday, May 20, 6:05 am
OKLAHOMA CITY (AP) - Chesapeake Energy has named Anadarko Petroleum executive Robert Douglas Lawler as its new CEO. The appointment of the 46-year-old Lawler comes after a tough year during... Read more...
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