Chesapeake Energy sues founder Aubrey McClendon

Chesapeake Energy (NYSE:CHK), the second largest natural gas producer in the U.S., is suing its founder and former CEO Aubrey McClendon, accusing him of stealing confidential information to benefit his other investments.

Apple Gearing Up To Launch Apple Watch In April, Orders Up To 6Mn Units

Apple (NASDAQ:AAPL), the maker of the iconic iPhone, has reportedly ordered its Asian watch vendors to manufacture five million to six million units of three Apple Watch models in the first quarter as it gears up to launch the gadget in April.

Transocean’s CEO Steven Newman Resigns

Offshore driller Transocean Ltd. (NYSE:RIG) has announced the departure of its CEO and President Steven Newman amid the downturn in the industry led by the 50% drop in oil prices since mid-2014.

Google to Buy Israeli GPS App Waze for $1 bln (AFP)

Google to buy Israeli GPS app Waze for $1 bln: reports (via AFP)

Google is in talks on a deal worth at least $1 billion to buy the Israel-based GPS mobile navigation app Waze, Israeli media reported on Sunday. Haaretz newspaper said on its website that the two companies had agreed terms and were about to sign for a price "exceeding $1 billion". Business daily Globes…

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Indian Rupee Hits New Record Low Against Dollar (AFP)

India rupee hits new record low against dollar (via AFP)

India's rupee slid to a new lifetime low against the dollar on Tuesday, tracking weakness in most other Asian currencies, as dealers continued to buy the greenback following robust US jobs data. Growing concerns over slackening domestic growth and weak stock markets in India have also hurt the rupee…

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Stock jump makes Tesla more valuable than Fiat

Stock jump makes Tesla more valuable than Fiat (via AFP)

The rocketing stock price of electric sports car maker Tesla made it more valuable than Fiat Tuesday -- even though the Italian auto giant produces 200 times more cars than the American upstart. After a more than 50 percent gain in the past week, Tesla's market value topped $10 billion, compared to…

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Greece enters sixth year of recession

Greece enters sixth year of recession (via AFP)

Data released last week showed Greece entered its sixth straight year of recession, but there is now cautious optimism about the economy's prospects although unemployment is still hitting record highs and consumers are squeezed by pay cuts and tax hikes. On Tuesday, Greece's battered debt ratings received…

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