rey McClendon and questions about his taking out big loans from companies that do business with Chesapeake. This week, the company stripped McClendon of his role as board chairman. In an earnings call Wednesday, McClendon said he was "deeply sorry for all the distractions" but also said there was "a great deal of misinformation" circulating about himself and the company. Ascena Retail Group shot up more than 10 percent after announcing it plans to buy rival Charming Shoppes, http://www.cheaptomsoutlet0.com - toms sale . Ascena runs dressbarn, http://www.cheaptomsshoesoutletstore.us - cheap toms shoes sale , maurices and Justice, which are clothing chains for women and girls. The purchase will add Lane Bryant, Catherines and Fashion Bug to its portfolio. Energizer Holdings, parent of the eponymous batteries, popped more than 9 percent after reporting higher revenue and earnings. The company said that sales of Schick razors helped results. Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ. An insider's guide to politics and policy, available on the iPad or as a PDF download.
By CHRISTOPHER BODEEN, Associated Press BEIJING (AP) U.S. Treasury Secretary Timothy Geithner urged Beijing to let its tightly controlled currency strengthen and improve market access amid trade strains at a high-level economic dialogue Thursday. Beijing has allowed the yuan to rise gradually but Washington and other trading partners complain it still is undervalued, giving Chinese exporters an unfair advantage and hurting foreign competitors. Some American lawmakers are calling for punitive tariffs on Chinese goods if Beijing fails to act faster. This week's talks, overshadowed by a diplomatic tussle over a blind Chinese legal activist, come as a weak global economy and pressure on governments of developed countries to reduce unemployment are fueling trade complaints against China. Washington considers "particularly important" the promise of a stronger yuan in China's latest five-year economic development plan, Geithner said in prepared remarks for the opening of the two days of talks. In more pointed language last month, Geithner complained an undervalued yuan was a source of "unfair competition." He called for a "stronger, more market-determined" exchange rate and said that would help the global economy, http://www.cheaptomsshoesoutletstore.us - toms shoes reviews . Chinese officials have said that future gains by the yuan are likely to be limited, setting up a possible clash with Washington. Premier Wen Jiabao said in March the currency might have reached an "equilibrium exchange rate." Washington welcomes Beijing's move last month to widen the daily trading band within which the yuan is allowed to fluctuate from 0.5 percent to 1 percent but thinks it fails to go far enough to create a market-driven exchange rate, according to a senior administration official with Geithner's delegation. U.S. officials also pressed China to create a more "level playing field" for foreign companies by remov
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