On Friday, Shares of Chesapeake Energy Corporation (NYSE:CHK), lost -5.53% to $10.94.
Oil prices edged lower on Monday as data showed Saudi Arabian exports fell to the lowest in five months despite record output, while a resurgence in U.S. drilling activity seen earlier this month seemed to fizzle out, according to Reuters.
Both international and U.S. crude futures posted their third successive weekly losses last week on expectations of raised exports from Iran following a deal to ease sanctions against the OPEC producer. Reuters Reports.
U.S. crude futures, also known as West Texas Intermediate (WTI), were down 7 cents at $50.82 on Monday, after falling more than 3 percent last week and more than 14 percent in July. The August contract expires on Tuesday. Reuters added.
Chesapeake Energy Corporation produces oil and natural gas through acquisition, exploration, and development of from underground reservoirs in the United States.
Shares of CBS Corporation (NYSE:CBS), declined -1.35% to $54.70, during its last trading session.
The E.W. Scripps Company and CBS Corporation, have signed a new three-year affiliation agreement for WTVF, the top-rated local television station in Nashville.
Scripps attained WTVF in April when it merged its broadcast assets with those of the former Journal Communications. It also attained a second CBS-associated station – KMTV in Omaha, Nebraska, whose affiliation agreement expires in mid-2016. It was 1996 when Scripps last had a CBS-associated TV station.
CBS Corporation operates as a mass media company worldwide. It operates through four segments: Entertainment, Cable Networks, Publishing, and Local Broadcasting.
Finally, First Niagara Financial Group Inc. (NASDAQ:FNFG), ended its last trade with -1.04% loss, and closed at $9.54.
First Niagara Financial Group, declared that Peggy Yankovich joined the bank’s Treasury Administration group to lead its commercial card and payments business.
As Head of Commercial Card and Payments, Yankovich will lead all aspects of First Niagara’s commercial payments counting card-based solutions, product strategy, positioning, business administration and sales enablement.
The 28-year banking veteran joins First Niagara following eight years with HSBC Bank in New York City. Most recently, she served as Global Head of Commercial Card, responsible for creating, leading and executing HSBC’s strategy to launch and manage products and enhancements across North America, Latin America, Europe, Middle East and Asia. Formerly, she was HSBC’s North American Head of Commercial Card. She also worked at Bank of America for nine years, eventually becoming the company’s Commercial Card Payments Executive. Yankovich began her career at NationsBank in Dover, Del. in 1987.
First Niagara Financial Group, Inc. operates as the bank holding company for First Niagara Bank, N.A. that provides retail and commercial banking, and other financial services to individuals, families, and businesses.
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