Chesapeake Energy (CHK) shareholders have a friend in activist Carl Icahn. Shares rose by as much as 4% after filings disclosed he is now the natural gas giant's second largest shareholder.The billionaire's M.O. is to target under-performing companies and that's Chesapeake. Shares have tumbled nearly 40% over the past 12-months. Part of the slide is tied to weak commodity prices, the other is because the company could likely be doing a better job to offset that.
Google (GOOG) has some good news for shareholders; a new CFO. Shares are 2% higher after Ruth Porat, Morgan Stanley's (MS) CFO, said she will join the tech company in May. Morgan Stanley shares are lower on the news. Early speculation is that she may be more capital friendly to shareholders. That could mean more buybacks and/or dividends. Currently, Google does not pay a cash dividend unlike other big companies such as Apple (AAPL) and Oracle (ORCL).
In other techRead More »from Google nabs Morgan Stanley CFO, Twitter-Foursquare tag team & Icahn ups Chesapeake