BUSINESS

Chesapeake CEO Aubrey McClendon

Chesapeake Energy Terminates CEO's Well Ownership Program

Chesapeake Energy (NYSE: CHK), the second-largest producer of natural gas in the United States, announced on Thursday that it was stopping a controversial program that gave its chief executive officer a stake in the company's wells.
ExxonMobil

Exxon Mobil 1Q Earnings Fall As Output Slips

Exxon Mobil Corp, the world's largest publicly traded oil company, posted a lower first-quarter profit on Thursday as its oil and natural gas production slumped more than 5 percent, pushing its shares down 1.1 percent premarket.
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James Tapke

Dad Locks 12-year-old Daughter In Dog Cage: Was it A Joke?

James Tapke, 41, of Ohio, was sentenced to 30 days in jail for a misdemeanor charge of binding his 12-year-old daughter with duct tape and locking her in a metal dog cage. Tapke claims the incident, dating back to January, was just a joke.
Royal Dutch Shell

Shell Q1 Profit Rises 11% On High Oil Prices

Royal Dutch Shell, the world's third largest oil and gas company, reported a $7.7 billion profit in the first quarter on Thursday, giving the company an 11 percent increase compared to the same period a year ago.
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Fed's Reassurance, Earnings Optimism Lift Asian Shares

Asian shares gained on Thursday, retaining positive momentum as the Federal Reserve reassured markets that it will keep its highly accommodating stance to support growth, and optimism grew over strong corporate earnings after Apple Inc's robust results.
David Cameron went on the offensive during Prime Minister's Questions

UK Economy Next EU Country To Double Dip

Britain's economy contracted in the first quarter, its second such consecutive decline, sending Europe's third-largest economy into a double-dip recession and giving ammunition to critics of Prime Minister David Cameron's austerity measures.
AutoNation CEO Mike Jackson talks with Reuters reporters during the Reuters Autos Summit in Detroit, Michigan

AutoNation Leads Automobile Dealers in 1Q Earnings Gains

AutoNation Inc. (NYSE: AN), Penkse Automotive Group Inc. (NYSE: PAG) and Sonic Automotive Inc.( NYSE: SAH), the three largest auto dealer groups, each reported profit growth in the first quarter, demonstrating the quarter's strong auto sales.
Federal Reserve Chairman Ben Bernanke faced a tough round of questions from reporters Wednesday

Markets Fluctuate As Press Corps Shells Bernanke

Federal Reserve Chairman Ben Bernanke rattled financial markets Wednesday afternoon, as the top U.S. central banker hemmed and hawed his way through a tough round of questioning from a cadre of economic reporters.

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