COMPANIES

Chesapeake Energy

Chesapeake To Replace McClendon As Chairman

Chesapeake Energy Corp will find an independent, non-executive chairman to replace Aubrey McClendon, who will retain his position as chief executive officer, the natural gas producer said on Tuesday.

Bank Of America Cutting 2,000 High-Wage Earners: Report

Bank of America Chief Executive Officer Brian Moynihan
Bank of America Corp., the second-largest U.S. bank by assets, will dismiss about 2,000 employees, many of whom earn high salaries, in its investment banking, commercial banking and non-U.S. wealth-management units, according to the Wall Street Journal.
recall

Dog Food Recall Issued by Diamond Pet Foods for Salmonella, Recalled Products List Grows Longer

Diamond Pet Foods, a Missouri-based pet food manufacturer, has issued a recall and suspended production on its dog and puppy dry food because of possible salmonella contamination. The latest recall comes from the same plant that produced mold-contaminated food when dozens of dogs were killed nationwide in 2005. According to a statement from the company, which is under Schell and Kampeter, Inc., the recall includes the Chicken Soup for the Pet Lover's Soul Adult Light Formula dry dog food and ...
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Apple

iOS Devices Beat Androids In Enterprise Penetration; Apple Still Dominates Business World: Report

The latest report from Good Technology shows that iOS devices are becoming stronger in the business world while the Android devices are still lagging far behind. The report reveals that the first quarter of the current year was dominated by the iPhone 4S, which hit a record high, claiming the number one device spot overall and accounted for 37 percent of Good's activations, followed by the iPad 2 with 17.7 percent. The new iPad, in first one and half months of its launch, has also made quite ...
Google

Shareholder Sues Google To Prevent Stock Split

Google Inc and its board were sued on Monday by a shareholder who wants to block the company's stock split plan because it entrenches the Web search company's co-founders Larry Page and Sergey Brin, according to court documents.
Exxon Mobil

Exxon Mobil Shuts Louisiana Oil Pipeline After Leak

Exxon Mobil Corp has shut the 160,000 barrel-per-day (bpd) North Line crude oil pipeline in Louisiana after a leak spilled 1,900 barrels of crude oil in a rural area over the weekend, affecting a conduit that supplies the nation's third-largest refinery.
M & A

Mergers, Acquisitions Increase: Sunoco, Delta, Payless Shoe

Mergers and acquisitions are on the upstream as low interest rates, rising business and consumer confidence plus depressed prices for some assets have companies seeking buys that will allow them to expand or cut costs through synergy.
Coca-Cola

Coca-Cola In Talks To Buy $11.6B Monster Beverage

The Coca-Cola Co. (NYSE: KO) is in talks to buy energy drink maker Monster Beverage Corp. (Nasdaq: MNST), an $11.6 billion company whose shares rocketed more than 20 percent Monday, in what would be Coca-Cola's largest acquisition, the Wall Street Journal reported.
Hologic

Hologic To Buy Gen-Probe For $3.7B, Gen-Probe Shares Soar

Medical device maker Hologic Inc. said Monday it would acquire diagnostic test maker Gen-Probe Inc. for about $3.7 billion in cash to expand its molecular diagnostic business, international presence and cross-selling opportunities.
Apple's new iPad

Apple Shares Ease On Tax Story, Microsoft-Nook Deal

Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, fell 3 percent after Microsoft (Nasdaq: MSFT), the world's biggest software company, and Barnes & Noble (NYSE: BKS) announced a new partnership to battle the iPad.
Barnes & Noble

Microsoft, Barnes & Noble Ink New Nook Tie-up

Microsoft (Nasdaq: MSFT), the world's biggest software company, and Barnes & Noble (NYSE: BKS), said they?ve agreed to collaborate on new tablet technology to battle Apple (Nasdaq: AAPL), the world's most valuable technology company and Amazon.com (Nasdaq: AMZN).
iPhone 5 Features - Apple Develops NFC Patent For Gift-Giving Through iTunes

iPhone 5 Feature? Apple Introduces NFC Patent For iTunes Gift-Giving [PICTURES]

Recently-granted patents suggest Apple will implement a near-field communication (NFC) chip into its sixth-generation iPhone -- presumably called the iPhone 5 -- but in addition to sending and receiving payments from customers to merchants, Apple will also reportedly use this chip to send and receive gifts from one iPhone to another.
Technicians monitor data flow in the control room of an internet service provider.

Technology Focus: ?Big Data? Goes Consumer, Too

It?s not just enterprises and government agencies that are already starting to benefit from the new era of so-called ?Big Data.? Consumers are already beneficiaries, even if they don?t know it.
The 2012 Ford Focus Electric will serve as the pace car for NASCAR's Capital City 400 at the Richmond International Raceway on Saturday.

Why The Ford Focus Electric Will Pace NASCAR's Capital City 400

NASCAR will have its first-ever all-electric pace car at the Sprint Cup Capital City 400 race at the Richmond (Va.) International Raceway on Saturday. All decked out in NASCAR livery will be the 2012 Ford Focus Electric vehicle that the Ford Motor Co. (NYSE: F) unveiled on video this week.

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