June 10, 2024 archive

Chesapeake responds to merger claims made by stockholders

  Just as Southwestern Energy revealed that demand letters and complaints had been made by its shareholders regarding the proposed merger with Chesapeake Energy, similar revelations have been made by Chesapeake. And like Southwestern, Chesapeake denies any wrongdoing in its proposed merger. The Oklahoma City energy company, in a filing with the Securities and Exchange …

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Energy briefs

** Tesla’s controversial CEO Elon Musk, and his massive wealth, are front and center in a shareholder vote this coming week. Five months after a Delaware judge threw out the largest pay package in history, then worth more than $50 billion, shareholders will vote Thursday on a new pay package. ** New York’s grid operator says the …

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EV makers react to slow sales

  The old saying “money talks” apparently got the attention of electric vehicle makers. Responding to sluggish sales and customers who complained about the high cost of EVs, some manufacturers are launching new EVs with a reported lower cost. They include Ford and Tesla who are scrambling to do something to attract new car buyers. …

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