posted by Yahoo! News Search Results for dividends on Dec 30
Unitholders have received more than $1 billion in dividends from the Unit Trust Corporation of Trinidad and Tobago. This is the first time the UTC has paid out such a large distribution in one year.Archive for December, 2008
posted by Yahoo! News Search Results for dividends on Dec 30
GALVESTON — A Sugar Land church multiplied an Ugandan church's $22 donation into more than $38,000 for Galveston's Broadway Church of Christ.posted by Michael Erman on Dec 29
Kuwait’s decision to walk away from a $17.4 billion joint venture with Dow Chemical could hurt the prospects for the company’s $15.3 billion takeover of Rohm & Haas. But there could be other losers, too.
According to Thomson Reuters, Citigroup and Merrill Lynch advised Dow on the Kuwaiti deal and could lose some fees now that it has been scuttled. Those banks, as well as Morgan Stanley, advised the chemical company on the Rohm and Haas deal, and could drop some more fees if that deal is renegotiated or terminated.
The three firms also lead the group of 19 banks behind the $13 billion term loan that Dow took out to finance the takeover. Leading the loan are Citi, Merrill and Morgan Stanley, which have each committed $1.35 billion.
Others who could take a hit include Goldman Sachs, who advised Rohm and Haas, and Lazard, who advised the Haas family trust, in the Dow deal.
posted by Yahoo! News Search Results for dividends on Dec 29
GALVESTON — A Sugar Land church multiplied an Ugandan church's $22 donation into more than $38,000 for Galveston's Broadway Church of Christ.posted by Michael Erman on Dec 29
2008 had the largest number of cancelled deals ever, and the year isn’t even over yet.
Kuwait’s decision to pull out of a $17.4 billion petrochemical joint venture with Dow Chemical could hinder the chemical company’s plans to buy rival Rohm & Haas.
The company had planned to use the proceeds from the JV to repay a large part of a $13 billion bridge loan it would have to shoulder to buy Rohm & Haas.
And without those proceeds, that bridge would be hard to cross — Dow could have to tap into perilous credit markets.
The Dow/Rohm & Haas deal already seems like a throwback to another era, when companies had access to easy money and could pay heady sums to build their business. At the time of the deal’s announcement in July, Dow agreed to pay a 74 percent premium for its rival — in cash.
It seems somewhat apt, then, that if the deal falls apart, it would join a long list of cancelled deals for the year, including such latter-day blockbusters as BHP Billiton’s $188 billion bid for Rio Tinto and Microsoft’s unsolicited bid for Yahoo.
DEALS OF THE DAY
** Japan’s Mitsui Sumitomo Insurance Group Holdings Inc, Aioi Insurance Co and Nissay Dowa General Insurance Co are in merger talks, a company source said, aiming to survive an economic downturn that has battered demand for car and housing insurance.
** Citigroup Inc is injecting $800 million of new capital into its South Korean banking arm, Citibank Korea said, joining other banks in efforts to shore up their financial bases.
** Dmatek Ltd , which sells technologies that monitor people remotely, said it had agreed to be bought for 52.9 million pounds ($77.6 million) by an investor group led by private equity fund Francisco Partners.
posted by Yahoo! News Search Results for dividends on Dec 29
COLUMBUS, Ohio -- The Big East, it wasnt. A big-time atmosphere, it was.The latter should aid West Virginias basketball team when it delves into the former starting this weekend at Seton Hall, with second-ranked Connecticut visiting the WVU Coliseum in e...posted by Yahoo! News Search Results for dividends on Dec 29
MOSCOW. Dec 29 (Interfax) - Directors at Russian coking coal producer Raspadskaya (RTS: RASP) Monday decided that the company will pay not more than 25% of its net profit to International Financial Reporting Standards (IFRS) in dividends, starting with the final dividend for 2008, the company said.posted by Yahoo! News Search Results for dividends on Dec 29
The point guard duo of Kyle Lowry and Mike Conley keeps paying dividends for the Grizzlies after the position suffered early in the year when Conley struggled with his shot as a starter.posted by Yahoo! News Search Results for dividends on Dec 29
LONDON (SHARECAST) - Chemicals group Yule Catto has suspended its dividend for two years to reduce its indebtedness to below £100m.posted by Yahoo! News Search Results for dividends on Dec 29
Canada has a mixed credit and exemption system for taxing foreign investments made by Canadian residents. Regarded as a whole, the recommendations relating to outbound investment would expand the exemption system used to tax dividends received by Canadian corporations from foreign affiliates.
