Tuesday, CNBC hosted Carl Icahn who announced he would NOT be selling Chesapeake Energy. As the second largest natural gas producer in the country, Chesapeake Energy has been growing steadily and quickly. But with the recent price fixing scandal, former pollution charges and other questionable business practices have left the gas giant on unpopular ground. Still, Icahn sees tremendous potential in what he claims is a largely underestimated corporation. The news of Icahn's retention of the company was well received by investors. Chesapeake Energy is trading up 2.32% at 19.81 on an average volume of 29.76 million shares.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...