Chesapeake Energy Shares Rally on Spending Reduction Plans
Investors are cheering the company's plan to stop spending heavily on land and sell $4 billion to $5 billion in assets next year.
Shareholder Expects Chile's Enersis to Change Capital Increase Terms
Chilean pension-fund manager AFP Habitat SA (HABITAT.SN), a minority shareholder in Enersis SA (ENI, ENERSIS.SN), expects the energy holding company to amend the terms of a disputed $8.02 billion capital increase.
Coming Up: Consumer Credit For June
The Federal Reserve's report on consumer credit for June is due for release at 3:00 p.m. Eastern.
AT&T Reaches Union Deals as Others Begin Strike
AT&T Inc. (T) reached three-year agreements with unions covering more than 22,000 workers, but groups representing another 20,000 have formed picket lines out of frustration over talks with the giant telecom company.
Spain Bourse Apologizes for Shutdown
Spain's stock market operator Tuesday issued a formal apology for a major trading disruption Monday, and said the halt was due to the failure of the communication servers market members used to access the exchange.
Judge: Peregrine Trustee Can Subpoena Firm's Banks
A federal judge on Tuesday cleared the way for a trustee to seek financial records from banks used by Peregrine Financial Group Inc., as investigators sift the collapsed brokerage's finances.
Chevron Refinery Fire Out, Markets Brace for Impact
A large fire at Chevron Corp.'s (CVX) Richmond, Calif., refinery has been extinguished, even as traders, bracing for a lengthy outage, are bidding up regional fuel prices.
Glencore Says Demand Remains Healthy
Commodities giant Glencore International PLC (GLEN.LN) said Tuesday that growing euro-zone sovereign debt concerns and the resulting knock to financial market sentiment and commodities prices has tempered the performance of its industrial assets, but that its market operations are still performing
Microsoft Reaches Licensing Deal with Sharp
Microsoft Corp. (MSFT) reached a licensing agreement with consumer electronics company Sharp Corp. (6753.TO, SHCAY) for technology that eases the transfer of larger files between personal computers and other electronic devices.