The company's shares plunged 51 percent to $1.50 in early trading. Chesapeake, which has more than $10 billion in debt, has been hit by a steep fall in both oil and gas prices. Chesapeake reported cash and cash equivalents of approximately $1.8 billion on Sept. 30, according to public filings.» Read More
JPMorgan Chase won a court victory today that may have saved it $769 million dollars.
With the price surging more than 50% in just a few days, even Bitcoin supporters acknowledge that the digital currency is unofficially in bubble territory.
Bank of America agreed to pay $165 million to resolve claims from the U.S. credit union regulator over purchases of mortgage-backed securities by corporate credit unions that have since failed.
Cyprus may be a "special case" in the eyes of European officials, but their handling of its bailout is taking a toll on another small euro zone member with an over-burdened banking sector- Slovenia.
They are the investment everyone suddenly hates to love, but those bonds that were supposed to collapse this year continue to attract billions in investor money.
Saruul Ganbaatar, Deputy CEO of the Mongolian Stock Exchange, discusses the steps the exchange is taking to attract more activity.
The current market cycle is showing "extreme similarities" with 1929, Sandy Jadeja, chief market strategist at SignalPro said.
Illinois, which has the worst-funded state pension system in the United States, has agreed to settle charges alleging it repeatedly misled municipal bond investors about the underfunding of its pensions.
Even amid declining stock market correlation, active managers are still having a tough time staying competitive.
We "suspect a drop is now likely to unfold over the next several months," Piper analysts said, adding that their full-year forecast is for a "hop, a drop and a pop."
"A short-selling ban would signal that they're really starting to panic. As a result it's probably going to have unintended consequences," one pro said.
Australia's central bank governor said on Friday there is already a good deal of interest rate stimulus in the economy, but reiterated the bank could lower rates further if needed.
While the Dow is still about 1 percent below its October 2007 high, two-thirds of all stock mutual funds have posted new highs since then, according to Lipper.
The SEC has shown little evidence that anything illegal happened in the Heinz insider trading case.
European telecom stocks have declined more than 10 percent over the past year. That sell-off has pushed yields on many large-cap names to between 6 and 10 percent. Yet dividend fund managers who would normally snap up such high yielding stocks are steering clear, worried about the sector's health and the prospect of dividend cuts.
Long frustrated about the low market valuation of Nasdaq OMX Group, the exchange operator's management is debating ideas ranging from diversification to going private or eventually splitting up the company.
Companies have a problem many people would envy. After a fourth year of higher profit, companies' piles of cash is approaching yet another all-time high and they can't get rid of it fast enough. USA Today reports.
A new report by a non-profit government watchdog group says former SEC employees, hired away from the Commission by the private sector, "routinely" help their new employers to influence the agency and blunt SEC enforcement actions.
A new study shows the SEC's revolving door with Wall Street is spinning out of control, with CNBC's Scott Cohn.
The subprime market for risky mortgage-backed securities is hot again and the chief market strategist at Rosenblatt Securities said, it will end badly.