Take a look at some of Friday's morning movers:
Chesapeake Energy - CNBC’s Kate Kelly reports that BlackRock has substantially increased its stake in the energy producer over the past 10 days. The stake has increased to at least 4 million to 5 million shares from the prior 1 million shares.
VeriFone Systems - Verifone registered a three cent beat with its fiscal second-quarter profit of $0.64 per share, excluding certain items. But investors are focusing on the company’s current quarter guidance of $0.68 to $0.70 per share, mostly below analyst estimates of $0.70 a share.
Facebook - Most of the Facebook news centers on lead underwriter Morgan Stanley, which reportedly informed its advisors late Thursday afternoon that no investors will have to pay more than $43 for Facebook shares. Morgan Stanley is planning to adjust prices on “a few thousand” Facebook trades, following the problems that plagued the initial public offering last Friday.
Dish Network - The company has been sued by CNBC and CNBC.com parent and Comcast property NBCUniversal, News Corp.’s Fox Broadcasting, and CBS over its ad-skipping feature AutoHop. Dish has countersued, asking a judge to rule that the feature does not violate the law.
In a separate story, AdWeek is reporting that NBCUniversal is in talks with Microsoft to buy Microsoft’s stake in the MSNBC.com website.
CME Group - The exchange operator has announced a five-for-one stock split, with the dividend paid on July 20 to shareholders of record on July 10.
JPMorgan Chase - The unit that incurred the recent $2 billion trading loss made a number of risky bets in recent months, according to The Wall Street Journal. That includes a stake in broadband provider LightSquared, which recently filed for Chapter 11 bankruptcy protection.
Apple - CEO Tim Cook has voluntarily given up dividend income on restricted stock units, a move that will cost him about $75 million. That news comes from an Securities and Exchange Commission filing, which says Cook asked to be excluded from a recently instituted program which allows workers to accumulate dividends on restricted units that are still in the vesting process. Apple would not comment on why Cook made that move.
—By CNBC’s Peter Schacknow
Questions? Comments? Email us at firstname.lastname@example.org