Europe Shares Close Lower on Fed Fears
Anadarko Petroleum Corp
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Some of the names on the move ahead of the open.
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Chesapeake Energy hired Robert Douglas Lawler of rival Anadarko Petroleum as its new chief executive.
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May 20- Chesapeake Energy Corp said it hired Robert Douglas Lawler of rival Anadarko Petroleum Corp as chief executive, filling the post vacated by co-founder Aubrey McClendon. Lawler, who is senior vice president of international and deep-water operations at Anadarko Petroleum, will join Chesapeake on June 17, the company said.
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Check out which companies are making headlines after the bell Wednesday:
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The "Fast Money" traders share their final trades of the day.
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NEW YORK, May 7- Long considered the best option for growth investors, technology funds have lost some of their edge. It's not just that many technology funds have large stakes in Apple Inc, whose shares have fallen nearly 23 percent over the last year as it lost share of the worldwide smartphone market to Samsung Electronics Co Ltd.
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NEW YORK, May 7- David Einhorn's Greenlight Capital has added to its investment position in Apple Inc, Einhorn, the hedge fund's president, said on Tuesday. "We've added to our Apple position. Now we just wait for the release of Apple's next blockbuster product, "Einhorn said on a conference call for his Cayman Island- based reinsurer Greenlight Capital Re Ltd.
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*Smartphones for emerging markets Nokia's best bet- analyst. HELSINKI, May 7- Nokia investors told Chief Executive Stephen Elop on Tuesday that they were running out of patience with his flagging attempts to catch up with market leaders Apple and Samsung in smartphones. The transition to Windows Phone from Nokia's own Symbian system was meant to take two years.
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NEW YORK, May 7- David Einhorn's Greenlight Capital has added to its investment position in Apple Inc, Einhorn, the hedge fund's president, said on Tuesday. "We've added to our Apple position. Now we just wait for the release of Apple's next blockbuster product, "Einhorn said on a conference call for his Cayman Island- based reinsurer Greenlight Capital Re Ltd.
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David Einhorn, hedge fund manager and chairman of reinsurer Greenlight Capital Re, said on Tuesday he had added to the firm's investment position in Apple.
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NEW YORK, May 7- U.S. stocks edged up on Tuesday with the S&P 500 setting yet another record, led by gains in energy and tech sectors. The Nasdaq Composite Index was up 2.83 points, or 0.08 percent, at 3,395.80. ( (For multimedia versions of Reuters Top News: 3000 Xtra: visit BridgeStation: view story. 134==============================================================.
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*Westjet Airlines Ltd said it expects revenue per available seat mile to decline in the second quarter, hurt by the timing of the Easter and Passover holidays and cancellation of some business by travel agency Thomas Cook.
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*Concho Resources: ISI Group starts with neutral-. Theflyonthewall.com* EOG Resources Inc: ISI Group starts with neutral- Theflyonthewall.com* Chesapeake Energy: ISI Group starts with cautious- Theflyonthewall.com.
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May 7- The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. *Pfizer will sell Viagra, its billion dollar erectile dysfunction drug, directly to men with a doctor's prescription through its website.
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NEW YORK, May 7- David Einhorn's Greenlight Capital has added to its investment position in Apple Inc. In a conference call for his Cayman Islands- based reinsurer Greenlight Capital Re Ltd, Einhorn did not specify when the hedge fund added to its Apple position or the size of its current holdings.
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ALGIERS, May 7- Algeria's Sonatrach and its U.S. partner Anadarko have started production at the El Merk oilfield and output should reach 127,000 barrels per day of crude and condensate at the end of 2013, the official Algerian APS news agency said on Tuesday.
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