posted by Yahoo! News Search Results for dividends on Jan 31
The lessons from last year's challenges pay dividends for sophomore forward. A character, good guy, funny, workaholic, down-to-earth and mature are just some of the words Gary Johnson’s teammates use to describe him as a player and as a person.Archive for January, 2009
posted by Yahoo! News Search Results for dividends on Jan 31
The Columbus Blue Jackets are sixth in the Western Conference, in a playoff race that for once feels genuine. They had over 17,000 in the building for the Ottawa Senators last night. They have a kid goalie they believe in Steve Mason , and a coach whose system is paying dividends in Ken Hitchcock. And they have all of this despite some significant obstacles along the way; Derick ...posted by Yahoo! News Search Results for dividends on Jan 31
In times of prosperity, Wall Street executives are highly paid heroes to be emulated. Eye-popping corporate profits and pocket-lining dividends are celebrated like Super Bowl wins and Oscar sweeps.posted by Yahoo! News Search Results for dividends on Jan 31
In times of prosperity, Wall Street executives are highly paid heroes to be emulated. Eye-popping corporate profits and pocket-lining dividends are celebrated like Super Bowl wins and Oscar sweeps.posted by Chris Kaufman on Jan 31
Talk about the end of the salad days. The White House is pledging action against “irresponsible” bonuses for executives at bailed-out Wall Street companies and Senator Claire McCaskill has proposed a law to cap their compensation to $400,000 a year.
Masters of Wall Street should not make more money than the president of the United States, she argues, at least not until they ween themselves from government aid. So what’s a Wall Street executive to do on only $400,000 a year? Here are some ideas - precluding paying rent, buying food, putting gas in the car or getting the poodle a trim:
REAL ESTATE: Thank goodness the property market crash has opened some affordability gaps for the newly upper-middle-class executive. The prospective banking executive could pick up a one bedroom, one bathroom co-op condo on West 45th street, or see if she could get a mortgage on Bernard Madoff’s Montauk $3.3 million East Hampton estate. In this market? Unlikely. Plus, agents will tell you the market price is actually much higher. Pitty.
OFFICE OR HOME DECORATION: He could spend a year’s salary on four painted portraits of billionaire investor Warren Buffet. In May, performance artist Michael Israel painted a portrait of the head of Berkshire Hathaway in 10 minutes flat. Six months later, a Minneapolis executive bought it for $100,000 in an eBay auction, with the proceeds going to the non-profit Girls Inc program.
PARTY PARTY PARTY: The future titan of Wall Street may not be able to afford Rod Stewart, who played at Steve Schwarzman’s big birthday bash in 2007 for $1 million, but he could gorge on 10,000 or so of the Blackstone chief’s favorite crab claws, which were going for $40 per claw back in the heyday of high finance.
SUPERBOWL: StubHub had a Super Bowl luxury suite going for $83,340, so a bank exec could still easily play the part of overpaid sports junky and still have more than $300,000 to lose on the outcome of the game. If he wants to be a bit more frugal, club premium seats are going for $10,511 a pop. If ego demanded, he could afford 4 seconds of TV advertising.
GETTING OUT OF DODGE: The cost of operating the private jet fleets, while difficult to estimate, could still be managed by the bank exec of tomorrow. NetJets Inc, owned by Warren Buffett’s Berkshire Hathaway, was selling fractional ownership shares of private planes for a minimum of $406,250 back in December, so that’s out, but through Marquis Jet, it is possible to purchase 25-hour increments of time in NetJet planes for $115,900, or roughly $4,600 an hour. Virgin Galactic was offering tickets to space for $200,000 in 2006 through Park Avenue travel, but like the plan to cut Wall Street executive pay, space travel is just an idea at this point.
MAKING IT BACK: Lloyd Blankfein, CEO of Goldman Sachs, earned more than $68 million in 2007. At $400k it would take him 170 years to get back to the good old days.
OTHER AFFAIRS: Spitzerish peccadilloes? Shoe collections? A few fine bottles of wine? How would you deal with a crummy $400,000 day job on Wall Street?
posted by Yahoo! News Search Results for dividends on Jan 30
Dividends are being cut at the fastest pace in at least 50 years, and many of the reductions are coming from U.S. companies investors have been relying on to provide income during the recession.posted by Phil Wahba on Jan 30
Bankers desperate for signs of life in the U.S. IPO market are likely to be buoyed that three are on the calendar in a single week in February, including a $562.5 million offering by Bristol-Myers Squibb offshoot Mead Johnson Nutrition. Hardly a deluge, but not bad after only one IPO in the past six months.
That flurry doesn’t mean there will be major reopening of the market anytime soon: new filings, which indicate companies think the market might soon be ready for their IPO, remained anemic in January.
In fact, the first month of 2009 saw only two, according to Thomson Reuters’ monthly snapshot, and they were small deals at that. And on the last business day of the month, Magnachip Semiconductor withdrew its $575 million IPO.
In January, Medidata Solutions, a New York-based company that serves pharmaceuticals and contract research organizations, filed for a $86.3 million IPO, while OpenTable, an online reservation taking service for restaurants and their patrons, filed for a $40 million IPO Friday.
The OpenTable deal is being led by Merrill Lynch, the top underwriter of U.S. IPOs. In 2008 — Merrill worked on deals worth $3.7 billion, earning it fees of about $84 million.
In normal times, a major banker like Merrill would pass on a small deal like OpenTable. But the pickings are slim these days and you have to keep your bankers busy somehow. Still, the IPO is likely to yield fees of only about $1.2 million, or barely enough to redecorate an office in some circles.
IPOs are expected to remain small for the time being, at least until the stock markets recover. And follow ons by already public companies are set to dominate the equities issuance landscape- January saw a total of $2.7 billion in follow on offerings, compared to zero for IPOs.
posted by Michael Erman on Jan 30
Even though fertilizer maker Terra Industries rejected a more than $2 billion takeover offer from rival CF Industries earlier this week, CF has said it is still committed to doing a deal.
While CF said it prefers a negotiated transaction, it could launch a hostile bid. So, how are Terra’s defenses against a possible hostile takeover?
Fair, according to research firm FactSet SharkRepellent. Terra does not have a poison pill, but it does have a classified board with staggered terms. And the company is incorporated in Maryland, which has some takeover laws that are favorable to targets.
“They are one of the states that have a lot more protection than others. In ‘99 they actually approved legislation that added protection for their constituent companies,” said John Laide of FactSet SharkRepellent. ”It’s a lot of procedural things and Terra has taken advantage of most of those.”
(PHOTO:University of Maryland’s James Gist (R) stops Duke University’s DeMarcus Nelson short of the basket during the second half of their NCAA basketball game in Durham, North Carolina, February 28, 2007. REUTERS/Ellen Ozier )
posted by Yahoo! News Search Results for dividends on Jan 30
Sunstone Hotel Investors, Inc. announced today the following tax treatments for its 2008 dividends.posted by Yahoo! News Search Results for dividends on Jan 30
The Board of Directors of Cleco Corporation (NYSE: CNL) today declared regular quarterly dividends on the Company's common stock and preferred stock. Following is a summary of dividend payments, as declared:
