Hints and tips:
...Gallone joins from Morgan Stanley where he was co-head of Emea healthcare banking....
...Chesapeake, which ousted its co-founder and chief executive Aubrey McClendon last year, outlined plans for a possible spin off of its oilfield services operations....
...Chesapeake Energy shares lost 2.5 per cent to $19.67 after news reports that the company and Aubrey McClendon, its outgoing chief executive, were under investigation by the Securities and Exchange Commission...
...Shares in Kinder Morgan lost 2.3 per cent to $87.61....
...Some good information is starting to come out about the nature of the liabilities Chesapeake’s CEO Aubrey McClendon managed to saddle the company with....
...Morgan Stanley , the US bank that was the lead underwriter of Facebook’s public offer, fell 2.9 per cent to $12.36....
...Aubrey McClendon made trades in the same commodities in which Chesapeake operated, for at least four years from 2004 to 2008 (Reuters)....
...Morgan Stanley was leading the major US banks lower, falling 3.1 per cent to $16.95. Close behind among the decliners was Citigroup , which dropped 2.7 per cent to $32.70....
...Chesapeake Energy shares jumped as much as 11 per cent on Tuesday after the US natural gas producer said chief executive Aubrey McClendon would step down from his role as chairman....
...Freddie Mac is poised to appoint former JP Morgan Chase banker Donald Layton as its next CEO, reports the FT, citing people familiar with the matter....
...Aubrey McClendon, Chesapeake’s chief executive, said: “The Texoma Woodford play is non-strategic to Chesapeake and we are happy to unlock the value in these assets for our shareholders....
...Morgan Stanley climbed 1.2 per cent to $17.48 and Citigroup was up 1.4 per cent to $33.89, even as shareholders refused to back its chief executive’s pay package....
...Morgan Stanley and Bank of America , two of the large banks that reported improved earnings results last week, lost more than 2 per cent to $16.98 and $33.25 respectively....
...However, by most accounts Mr Mbeki also distrusts Morgan Tsvangirai, leader of the opposition Movement for Democratic Change (MDC)....
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