(Reuters) - Chesapeake Energy Corp sought to calm Wall Street worries about its financial position, telling investors on Monday it was confident it would complete asset sales to plug a funding gap, sending shares up as much as 11 percent. The stock rebound came after a steep drop last week and was driven by news late Friday that the company had secured a $3 billion loan, as well as a report that activist investor Carl Icahn would take a stake in the company.

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(Reuters) - Stocks rose on Friday after a strong outlook from chipmaker Nvidia and surprisingly robust consumer confidence offset a slide in bank shares after disclosures of huge trading losses at JPMorgan Chase & Co. JPMorgan (JPM.N) said it lost at least $2 billion from a failed hedging strategy. The Dow component was down 7.3 percent at $37.77 and weighed on the entire sector.

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(Reuters) - Producer prices unexpectedly fell in April as energy costs dropped by the most in six months, a sign of easing inflation pressures that could give the Federal Reserve more room to help the economy should growth weaken. The Labor Department said on Friday its seasonally adjusted producer price index dropped 0.2 percent last month. That was the first drop of the year and the biggest decline since October.

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(Reuters) - U.S. consumer sentiment rose to its highest level in more than four years in early May as Americans remained upbeat about the job market, a survey released on Friday showed. Separate data earlier in the day showed U.S. producer prices unexpectedly fell in April as energy costs dropped by the most in six months, a sign of easing inflation pressures that could give the Federal Reserve more room to help the economy should growth weaken.

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(Reuters) - Facebook Inc's record initial public offering is already oversubscribed, a source familiar with the share listing said, days after the world's largest social network embarked on a cross-country roadshow to drum up investor enthusiasm. Despite concerns about slowing growth, a lofty valuation and signs the company is having trouble ramping up revenue from mobile advertising, institutional investors have so far indicated demand for more shares than Facebook has available, the source told Reuters.

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(Reuters) - Two 550,000 barrel cargoes of U.S. sweet domestic crude were on offer priced at a 50 cent per barrel discount to the price of global benchmark Brent crude, trade sources told Reuters on Friday. This is the first crude seen on offer to come off the reversed Seaway pipeline, which will start carrying crude from the oil hub of Cushing, Oklahoma into the Houston area next week.

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(Reuters) - Edoma Partners, the hedge fund run by ex-Goldman Sachs (GS.N) star Pierre-Henri Flamand, has lagged behind rivals this year after a "frustrating" period when it missed out on a rally in stock and bond markets, a letter to its investors showed. The $1.8 billion Edoma fund, founded by Flamand to make bets on corporate events like mergers, bankruptcies and restructurings, was down 0.85 percent at the end of the first quarter, bringing its losses since inception to 3.1 percent, according to the letter obtained by Reuters

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(Reuters) - Stocks advanced modestly on Thursday as investors snapped up beaten down shares after a spate of weakness, but a disappointing outlook from tech bellwether Cisco Systems limited gains. The latest uncertainty surrounding Greece and the euro zone's sovereign debt crisis helped spark a drop in the S&P 500 in five of the past six sessions, sending the benchmark index down nearly 4 percent. While the region's difficulties persisted, marked by political gridlock in Greece, investors used the market declines as a buying opportunity.

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(Reuters) - The number of Americans submitting new applications for jobless benefits edged down last week, easing concerns the labor market was deteriorating after surprisingly weak employment growth in April. Another report on Thursday showed the U.S. trade deficit widened in March, with exports surging to a record high and a rise in imports highlighting the economy's firming underlying demand.

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(Reuters) - Import prices in April recorded their largest drop in 10 months as energy costs tumbled, according to a government report on Thursday that also showed tame underlying inflation pressures from imports. Overall import prices fell 0.5 percent, the Labor Department said. March's data was revised to show a 1.5 percent increase rather than the previously reported 1.3 percent gain.

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