posted by Yahoo! News Search Results for dividends on Mar 31
Dividend-paying stocks or funds have long been a favored investment strategy for retirees, but other approaches may be less risky.Archive for March, 2009
posted by Yahoo! News Search Results for dividends on Mar 31
TORONTO - Canadian earnings declared Tuesday as of 4 p.m. ET:Counsel Corp. (TSX:CXS): Year end Dec. 31, 2008, $41,851,000, $0.91 a share;posted by Yahoo! News Search Results for dividends on Mar 31
The government is hurting the banks that have our money by forcing dividend cuts.posted by Yahoo! News Search Results for dividends on Mar 31
MOSCOW (Reuters) - Russia's largest oil producer, state-controlled Rosneft, plans to pay dividends for 2008 and its management is not discussing a merger with rival Surgutneftegaz, its president said on Tuesday.posted by Chris Kaufman on Mar 31
Now that the nation’s top public servant is wielding The Donald-like powers over chief executives of bailed-out companies, expectations are high that more heads will roll, and Bank of America CEO Kenneth Lewis is looking like the next contestant on a new economic prime-time drama: The Executive.
Rick Wagoner, ousted as General Motors CEO, had spent more than three decades in the company and had been in the driver’s seat for most of the last one. He also presided over the era of the energy-unfriendly Sport Utility Vehicle and is criticized for sticking with trucks far longer than he should have.
Lewis has been Bank of America CEO for about eight years. He bought CountryWide, the biggest lender in a market gone crazy for real estate in the early part of this decade, and was ultimately forced to buy Merrill Lynch as the salad days of Wall Street wilted.
By contrast, Citigroup’s Vikram Pandit has been running things for just about long enough to endure the worst of the crisis, and AIG’s Edward Liddy was installed by the government. Perhaps it’s the longevity of characters like Wagoner and Lewis that make them seem so deserving of a presidential pink slip.
Should investors brace for a wave of executive firings? Certainly any chief with enough stripes to remember the good times and who had his hand out for government aid is looking vulnerable.
It is interesting to recall the argument behind AIG’s odious retention bonuses: these are the guys who got their companies into those messes; they should be the best positioned to get them out. If Lewis does get a presidential veto, that argument will be pretty much lost.
Deals of the Day:
* Raven Russia, a property company focused on warehouses in Russia, agreed to acquire property developer Raven Mount Group for 54.9 pence per share, or 60 million pounds, the companies said.
* Spains’ Santander said it had agreed to sell its 32.5 percent stake in Spanish oil company Cepsa to Abu Dhabi fund IPIC at 33 euros per share.
* Hungary’s government said it is injecting fresh funds into FHB, raising its stake in the mortgage bank beyond 40 percent and helping it compete better with foreign rivals in its home market.
* Australian miner OZ Minerals said it received an alternative rescue bid from Minmetals, after Australia last week blocked the Chinese state-owned firm’s $1.8 billion bid on national security grounds
* A Canadian pension fund has offered $930 million to buy Australian investment firm Macquarie Communications Infrastructure Group, sending MCG’s shares up over 58 percent.
(PHOTO: Donald Trump speaks during a news conference at an Aberdeenshire Council inquiry into the plans for his golf course resort in Aberdeen, northeast Scotland June 10, 2008. REUTERS/David Moir)
posted by Yahoo! News Search Results for dividends on Mar 30
TORONTO - Canadian earnings, dividends and distributions declared Monday as of 5 p.m. ET:BIOREM Inc. (TSX:BRM): Three months ended Dec. 31,posted by Yahoo! News Search Results for dividends on Mar 30
Today, the following four Delaware Investments municipal income funds, all closed-end management investment companies, declare their monthly income dividends:posted by Yahoo! News Search Results for dividends on Mar 30
TORONTO, ONTARIO--(Marketwire - March 30, 2009) - Clairvest Group Inc. (TSX:CVG) today announced that the Company received dividends from a Gateway Casinos Inc. entity totaling $104.9 million. Clairvest also repaid loans it had received from Gateway Casinos entities totaling $101.7 million. As previously announced, the loans were non-interest bearing, repayable on demand, and collateralized by ...posted by Yahoo! News Search Results for dividends on Mar 30
Clairvest Group Inc. today announced that the Company received dividends from a Gateway Casinos Inc. entity totaling $104.9 million. Clairvest also repaid loans it had received from Gateway Casinos entities totaling $101.7 million.posted by Laurence Fletcher on Mar 30
There has been no shortage of calls from continental European leaders such as Angela Merkel and Nicolas Sarkozy for regulation of the hedge fund industry to limit potential systemic risks to the global financial system.
But it's little surprise that some executives in London, where the vast majority of European hedge funds are actually based, have privately suggested the calls stem from motives rather more mixed than simply wanting better regulation.
These, they say, can be anything from these leaders wanting to hide their own political problems, to them feeling some ownership because many hedge fund investors are based in continental Europe, to a simple feeling jealousy of an industry that in Europe at least is mostly British.
Whatever the motives, the hedge fund industry has chosen to focus on the many benefits it believes it brings -- to Britain.
In a pamphlet entitled "A British success story", which has been sent to all members of parliament and leading civil servants, the Alternative Investment Management Association talks about how much UK hedge fund firms run, how many people in Britain it employs, and its benefits to the British pensions and savings industries.
As industry bodies such as AIMA strive to head off stringent regulation for the industry, UK managers will be watching and waiting -- and wishing them 'best of British'.
