BP to donate $10K to Someplace Safe

BP to donate $10K to Someplace Safe

WARREN

British Petroleum will make a $10,000 donation to Someplace Safe, Trumbull County’s domestic-violence shelter, today.

Curtis Thomas, director of government and public affairs for BP in Ohio, will present the check with state Rep. Sean O’Brien at 2 p.m. at 1540 Tod Ave. in Warren.

Chesapeake Energy announces dividend

OKLAHOMA CITY

Chesapeake Energy Corp., a company active in Northeast Ohio shale drilling, announced Monday a quarterly dividend on common stocks.

The board of directors declared a dividend of nearly 9 cents will be paid to common shareholders Jan. 31.

The company also will pay dividends on convertible preferred stock issues.

Huntington plans to announce earnings

COLUMBUS

Huntington Bancshares Inc. plans to announce its fourth-quarter earnings Jan. 16, before the market opens.

Huntington’s senior management will host an earnings conference call at 10 a.m. Jan. 16.

Stocks sharply higher

Stocks raced higher after two down weeks, as investors warmed up to the idea that the economy is getting better.

Stocks have fallen lately after good economic news as investors worried that the Federal Reserve would think its stimulus no longer was needed. But Monday’s gains, driven by two corporate deals and a strong report on manufacturing, suggested that investors are focused more on growth and less on the central bank’s actions.

The Fed meets for two days beginning today, and officials could signal when the Fed will dial back the stimulus that has helped boost the stock market this year.

Vindicator staff/wire reports