Chesapeake Energy Corporation (CHK) has modestly raised its 2009 and 2010 production outlook and introduced its 2011 production guidance. The company also expects to spend $3.15 billion to $3.35 billion on drilling this year, up from its August forecast of $3 billion to $3.2 billion.  The company is expecting production of 12 million barrels of oil (MMbbl), 815–825 billion cubic feet (Bcf) of natural gas and total production of 885–895 billion cubic feet equivalent (Bcfe) during 2009.  For 2010, Chesapeake expects oil production to be 12.5 MMbbl, natural gas generation of 882–902 Bcf and total output to be 957–977 Bcfe. The company has provided its initial projections for 2011. It expects 13 MMbbl of oil, 1,007–1,027 Bcf of natural gas and 1,085–1,105 Bcfe of total production.  For 2009, the company expects year over year production growth to be in the range of 5%–6% (up from ...

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Thursday August 6, 2009

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Teradata Corporation (NYSE: TDC), the world’s largest company solely focused on data warehousing and enterprise analytics, today reported revenue of $421 million for the quarter ended June 30, 2009, a decrease of 7 percent from $455 million in the second quarter of 2008. Revenue decreased 2 percent from the second quarter of 2008, when adjusted for 5 percentage points of negative impact from currency fluctuation.

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today reported net income attributable to NASDAQ OMX of $69 million, or $0.33 per diluted share, for the second quarter of 2009 compared with net income attributable to NASDAQ

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Wednesday August 5, 2009

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Options traders made a mad dash for Chesapeake Energy Corporation (NYSE: CHK) calls on Tuesday, after the firm reported a stronger-than-expected second-quarter profit. According to data from WhatsTrading.com, the natural gas concern saw almost 33,500 calls cross the tape, more than doubling its average single-session volume of fewer than 13,900 contracts. Most popular was the August 23 call, which saw roughly 12,400 contracts change hands.

Seeger Weiss LLP announced today a $41.5 million settlement with Merck & Co., Inc. (NYSE:MRK) and Schering-Plough Corporation (NYSE:SGP) resolving nationwide fraud claims arising out of the sale and marketing of the companies’ co-ventured prescription

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Tuesday July 28, 2009

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Michael Baker Jr., Inc., an engineering unit of Michael Baker Corporation (NYSE Amex:BKR), announced today that it has been selected by the Pennsylvania Department of Transportation, District 8-0, to provide construction management support and construction inspection services on 17 separate construction projects, under two separate agreements, with a total construction value of more than $77 million. Baker’s fee under the two-year agreements is $5 million.

PPL Corporation (NYSE: PPL) plans to release its consolidated second-quarter 2009 earnings results before the stock market opens Tuesday, Aug. 4. James H. Miller, PPL chairman, president and chief executive officer, and other members of PPL’s executive management team will

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Due to tightening credit markets and declining energy prices, Chesapeake Energy Corporation (CHK) today announced a reorganization of its Eastern Division Operation in Charleston, WV.

The move, which will transform the division from a regional corporate headquarters to a regional field office, will involve moving (to Oklahoma City) or eliminating 215 out of 255 position in the area.

The reorganization, which will be completed on Jun 30, is being made to optimize CHK's operational performance, and will also provide cost savings over time.

Through this move, CHK, which is the country's largest natural gas producer, will consolidate management for a number of Eastern Division departments into its corporate offices in Oklahoma City. Severance packages and employment outplacement services will be provided to the employees affected.

Shares of the company are up approximately 2% today. CHK is a Zacks #3 Rank ("hold") company. The Zacks Rank covers a period

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Oklahoma is a land of innovation. After all, the first parking meter came out of this state. Today Oklahoma is a top producer of automobiles and planes. Centrally located, mild temperatures and low cost of living make Oklahoma a very attractive state. Here are some interesting facts about Oklahoma:1. Oklahoma’s top exports are pumps for liquids, and liquid elevators.2. Oklahoma offers an incentive program for new employers generating employment within the state. Its quality jobs program pays up to 5% of the total payroll expense for up to 10 years.3. The cost of doing business in Oklahoma is the 10th lowest in the country.4. It is estimated that Oklahoma will be the second largest provider of wind power by 2030.5. The state’s aerospace industry employs over 143,000 people.6. There are 4 foreign trade zones within the state.7. ...