Chesapeake Energy Corp. will purchase $1 billion worth of its own stock, the company said after it completed the sale of nearly $5 billion worth of natural gas assets in Pennsylvania and West Virginia.
Evidence that A G Lafley, the chief executive of US consumer conglomerate Procter & Gamble, is offloading businesses was enough for the company's shares to erase losses on Monday.
Sales of previously built homes slipped in November to their lowest level in six months as the supply of properties remained tight, an unexpected setback in what has shaped up to be a disappointing year for the housing market.
MOSCOW: The Russian rouble firmed to a 10-day high against the dollar on Monday as exporters sold foreign currency revenues, partly to meet tax obligations and partly in response to a call from President Vladimir Putin.
BRASILIA, Dec 23 (BERNAMA-NNN-Agencies) -- Brazilian President Dilma Rousseff said her government will have to take "drastic" economic measures in 2015 to cut spending.