The "Squawk on the Street" news team reports on today's top business headlines, including the play on natural gas as record cold temperatures sweep across the U.S.
NEW YORK, Dec 19- When shareholder activist Carl Icahn turned up the heat on Apple in October, demanding a massive $150 billion share buyback, bond investor Bill Gross wasn't having any of it.
Dec 13- A partnership related to Chesapeake Energy Corp's former Chief Executive Officer Aubrey McClendon filed for a public offering on Friday to raise up to $2 billion to buy and drill oil and gas properties within the United States.
*E&P spending to rise more than 7 pct in North America. The Big Oil companies-- Exxon Mobil Corp, Chevron Corp, Royal Dutch Shell Plc and Total SA and BP Plc-- though not targeted by activist investors are also under pressure to boost returns.
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NEW YORK, Nov 6- Not long ago, Kathleen Gaffney was considered the obvious successor to bond guru Dan Fuss, with whom she co-managed the $21.9 billion Loomis Sayles Bond fund for nearly 20 years.
*Earnings per share match Wall Street estimate. Nov 6- Chesapeake Energy Corp, the No. 2 U.S. natural gas producer, reported a third-quarter profit on Wednesday, but its shares fell more than 6 percent after it said its oil production would be lower this quarter.
*Q3 EPS $0.43 v Street $0.43. Nov 6- Chesapeake Energy Corp, the No. 2 U.S. natural gas producer, reported a third-quarter profit on Wednesday compared with a loss a year earlier and said it expects to spend less as it drills fewer wells.
U.S. stock index futures pointed to a higher open on Wall Street on Wednesday.
Nov 6- Chesapeake Energy Corp, the No. 2 U.S. natural gas producer, reported a third-quarter profit on Wednesday, compared with a loss a year earlier, and said it expects additional asset disposals in the fourth quarter, raising about $600 million..
Some of the names on the move ahead of the open.
Nov 6- Chesapeake Energy Corp, the second largest U.S. natural gas producer, reported a profit for the third quarter, compared with a loss a year earlier when the company wrote down the value of some of its natural gas assets.
Bulls could keep the upper hand in the coming week, even with increasing warning signs that the market could be getting bubbly.
LONDON/ HOUSTON, Oct 31- Oil industry shareholders concerned about poor returns and costly projects urged executives from Big Oil this week to return cash to shareholders- and at least one of the world's top five petroleum companies fully acquiesced.
As part of its companywide restructuring, Chesapeake Energy laid off about 800 employees on Tuesday, its CEO Doug Lawler said in an email to employees.
CALGARY, Alberta, Oct 7- Talisman Energy Inc shares surged in after-hours trading on Monday after activist investor Carl Icahn said he had purchased about 61 million shares of the underperforming Canadian oil producer and may seek a seat on the company's board. The stock closed at $12.75 in New York on Monday.
The former CEO of Chesapeake Energy is about to close on $1.8 billion in equity and debt financing for a new exploration and production company.
Chesapeake Energy plans to continue layoffs for about another six weeks, according to an internal email.