The charge would settle allegations of improper sales to nations with sanctions. More »
Duke Energy Corp.’s surprise CEO said Tuesday that America’s largest electric company dumped Progress Energy Inc. CEO Bill Johnson the same evening it was created in a merger because directors of the two merging corporations worried about Johnson’s authoritarian style and being forced to pump billions into a troubled Florida nuclear plant. More »
Long-struggling power producer Dynegy Inc. filed for bankruptcy, joining its subsidiary that filed for Chapter 11 protection last year. The parent company will merge with its Dynegy Holdings unit as part of a plan to reorganize both companies. More »
Columnist Loren Steffy details today’s vote by Nabors Industries shareholders today in favor of a proposal that could give them more latitude in nominating candidates for the drilling contractor’s board. More »
An attorney said a shareholders’ meeting scheduled for Friday should be put off to give Chesapeake Energy Corp. more time to provide shareholders with the information they need to determine whether the company’s board of directors has been doing its job.
Chesapeake Energy has agreed to let its two largest investors appoint four independent board members as the natural gas company continues to face scrutiny of its corporate governance. More »
Activists held a press conference and teach-in on Tuesday in San Franciso, and plan to protest outside the gates of Chevron headquarters during Wednesday’s meeting. Some will try to enter the meeting and address shareholders directly.
Oil India Ltd., armed with as much as $1.3 billion cash for acquisitions, will consider Chesapeake Energy Corp.’s “corporate governance issues” before investing in the explorer’s shale assets in the U.S.
Thousands of the embattled natural gas company’s employees have their retirement tied up in Chesapeake stock. More »
Given all the disclosures bombarding Chesapeake Energy investors in recent weeks, basketball may be the farthest thing from their minds, but the company’s liabilities extend, literally, in the arena of professional sports. More »
More disturbing disclosures may be coming from the natural gas producer as the CEO promises to reveal details of controversial loans. More »
Dynegy is both troubled and disappointed by the examiner’s report as we continue to believe our restructuring activities benefited all stakeholders and were conducted in the proper manner,” CEO Robert C. Flexon said . More »