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Chesapeake Energy

Chesapeake Loan Brings Company Debt Total To New Record

Facing a dropoff in cash in recent months, Chesapeake Energy, the second-largest producer of natural gas in the United States, announced last week it got a $3 billion loan from Goldman Sachs, bringing the company's debt to a new record.
Underground mining machine

Gold Prices Tumble To Four-Month Low

Gold prices fell to a 4-1/2-month low on Monday, hit by concerns about a worsening debt crisis in the euro zone following political deadlock in Greece which fuelled risk aversion and put pressure on the euro.
Chesapeake campus

Carl Icahn To Reveal 'Significant' Stake In Troubled Chesapeake Energy

Shareholder activist Carl Icahn is expected to disclose his acquisition of a significant piece of Oklahoma City-based natural gas company Chesapeake Energy Corp. (NYSE: CHK), which has seen shares tumble amid a federal inquiry, a securities class-action suit and near-record-low natural gas prices. Both parties have yet to publicly confirm the deal.
Gac Filipaj

Janitor Gac Filipaj Earns Free Degree From Columbia University, Graduates With Ivy League Honors

Want a degree from Columbia University, but can't afford the absurd tuition? Do you own a mop, are not disgusted by with cleaning toilets and can spare a dozen years of your life? Gac Filipaj, a 52-year-old refugee from the former Yugoslavia, spent the last 12 years working as a janitor at Columbia while also taking classes at the Ivy League school -- and didn't pay a penny in tuition. He graduated on Sunday with honors from the university.
JPMorgan Chase & Co CEO Dimon speaks at the Stanford Institute for Economic Policy Research at Stanford University in Palo Alto

JPMorgan Chase Exec Ina Drew Resigns, $2B Trading Debacle Claims Its First Scalp

First JPMorgan Chase & Co. lost an estimated $2 billion in derivatives trading, and now it has lost one of CEO Jamie Dimon's top lieutenants: Ina R. Drew, JPMorgan Chase's chief investment officer and a bank employee for three decades, will step down on Monday. Matt Zames will take over for Drew, Bloomberg News reported.

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