posted by Yahoo! News Search Results for dividends on Mar 30
March 30 (Bloomberg) -- Barack Obama learns this week whether his rock-star allure for Europeans translates into tangible support for U.S. foreign-policy goals.Archive for March, 2009
posted by Megan Davies on Mar 30
No surprise that private equity firms (even the publicly-traded ones) are reluctant to disclose the individual performance of their funds, particularly in a down market.
A letter from Blackstone Group to the SEC argues against disclosing such information to its public shareholders. Looks like investors voted with their wallets on Monday, with Blackstone’s shares down 9 percent. Here’s an extract from the Dec 5 letter, first reported by Bloomberg:
“We do not believe that disclosure of detailed performance information within MD&A for each of the investment funds that we manage for each period presented is either required by Regulation S-K or, more importantly, a meaningful measurement of our results of operations. The principal disclosure to reflect our revenue recognition of performance fees is the disclosure of changes to performance fees and investment income set forth in our segment disclosure in MD&A and the financial statements. The individual rates of return have no direct impact on our financials and therefore we question the relevance to our investors.”
To read the letter click here:
For some of the information that Blackstone doesn’t want out in the public market, here’s a link to a recent Reuters story detailing the writedowns made on individual funds for 2008.
posted by Chris Kaufman on Mar 30
In retrospect, GM CEO Rick Wagoner’s demise was perhaps the most inevitable twist in the autos overhaul saga to date. The chance that he would present a radical plan to Obama this week, one dramatic enough to save his job, was slim at best. A more shocking result, one clearly less viable for Obama, would have been to make a few more threatening noises and hand out the cash that the company so desperately needs without demanding a very public pound of flesh - a head, in this case.
With only another 60 days to effect a U-turn in defiance of a skidding market, former GM COO Fritz Henderson doesn’t have a lot of room to maneuver. It’s hardly enough time for Washington to have installed a new crash-test chief executive.
The Chrysler bailout story is more intriguing. The private-equity owned car maker has been given 30 days to do a deal with Fiat, which has in deal talks to date pledged somewhere around zero in financial support. If that price was too much for the Italian auto maker, they may think that the ticking of the clock could give them some leverage to squeeze a few billion out of either Chrysler’s private-equity owners or U.S. taxpayers.
While Fiat managers may feel like kids in a Hot Wheels factory, they should probably temper their enthusiasm. Giving a foreign car maker U.S. taxpayer dollars would probably be politically poisonous to Obama, leaving bankruptcy a more viable option for the private-equity venture.
Deals of the Day:
* Turkey’s Sabanci family is buying a 15.3 percent in German airline Air Berlin, scooping up part of Len Blavatnik’s stake, more than two months after the U.S. billionaire sold the holding.
* Chinese car maker Geely Automobile Holdings will pay up to about A$58 million ($40.22 million) for its acquisition of Australian automatic transmission supplier Drivetrain Systems International (DSI).
* Reclusive, cash-rich Russian oil firm Surgutneftegaz made its first move on foreign markets, getting a foothold in eastern Europe with a surprise deal to buy 21 percent of Hungarian oil group MOL.
* OTE, Greece’s biggest telephone company, has agreed to sell its Macedonian mobile phone unit Cosmofon and retail chain Germanos Telekom Skopje to Slovenia’s Telekom Slovenije.
(PHOTO: General Motors Chairman and CEO Rick Wagoner addresses the media during a news conference at GM world headquarters in Detroit, Michigan February 17, 2009. REUTERS/Rebecca Cook)
posted by Yahoo! News Search Results for dividends on Mar 30
Jordan- Housing Bank shareholders approve JD63m cash dividends at a rate of 25%posted by Yahoo! News Search Results for dividends on Mar 30
March 30 (Bloomberg) -- Barack Obama learns this week whether his rock-star allure for Europeans translates into tangible support for U.S. foreign-policy goals.posted by Yahoo! News Search Results for dividends on Mar 30
NEARLY TWO OUT OF EVERY FIVE companies listed on the local stock exchange shared cash earnings to investors last year and the cash dividends declared were much more generous than the windfall in the previous year.posted by Yahoo! News Search Results for dividends on Mar 29
QWhy is it that some companies pay no dividends? How can they attract investors with that approach? - F.W., Tampa, Fla.posted by Yahoo! News Search Results for dividends on Mar 29
Bigger dividend payments are harder to come by as even blue-chip giants like General Electric Co. and Alcoa Inc. have cut payouts to weather the global recession. But not all companies are shortchanging investors on dividends.posted by Yahoo! News Search Results for dividends on Mar 29
The General Assembly of Etisalat today approved the recommendation of the Board of Directors to distribute dividends at 35% of nominal share value for the second half of 2008. This makes the total dividend awarded by Etisalat in 2008 to be 60 %.posted by Yahoo! News Search Results for dividends on Mar 29
QWhy is it that some companies pay no dividends? How can they attract investors with that approach? - F.W., Tampa, Fla.
