posted by Yahoo! News Search Results for dividends on Jul 30
Miner Anglo American reinstated dividends but warned about delays and higher costs at its key iron ore project in Brazil after first-half profit doubled on higher prices.Archive for July, 2010
posted by Yahoo! News Search Results for dividends on Jul 30
The $1.24 trillion in cash sitting in U.S. companies’ coffers may soon be going back to work to stimulate the economy.posted by Jon Cook on Jul 29
German automaker Volkswagen has revealed it has amassed a $20-billion war chest it intends to use to finance its ambitious Strategy 2018, VW finance chief Hans Dieter Poetsch told Reuters.
Analysts expect the majority of VW’s cash reserve to be used to bid for the 70 percent of German truckmaker MAN it does not already own and to possibly buy the Porsche AG sports car business and Austria’s Porsche Holding. Even with those three purchases, VW would still have money left over.
Bernstein analyst Max Warburton told Reuters the $22.9 billion cash pile Poetsch claimed the company has accrued is “a ridiculous level of liquidity” unless VW aimed to top up its underfunded pensions or pursue M&A plans.
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Rental car rivals Avis and Hertz were also kicking the tires on their respective takeover bids for the Dollar Thrifty Rental Group, according to New York Times DealBook blog contributor Stephen Davidoff. The latest news had Avis Budget Group matching Hertz’s initial takeover offer with their own with Avis CEO Ronald L. Nelson submitting a letter to the Dollar Thrifty board requesting “removing the matching rights, eliminating the break-up fees, and increasing the commitment to secure antitrust approvals” in any future Hertz bid.
Davidoff argues the motivation behind the unusual Avis request signifies “it fears being stuck in a never-ending bidding war in which Hertz is able to outbid the company by one penny every time, safe in the assumption that Hertz still can pocket the termination fee even if it loses.”
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A day after the House Financial Services Committee approved a bill that would legalize and regulate Internet gambling, a couple of overseas gaming companies announced a merger that will make them the single largest listed player in the space. The reverse takeover of Austria’s bwin by Britain’s PartyGaming would create a $3.3-billion online gaming Goliath and position the united entity to take full advantage of the deregulated U.S. market.
“With market-leading positions in poker, sports betting, casino and games — in particular bingo — the enlarged group will have a winning formula to exploit the growing online gaming market,” PartyGaming CEO Jim Ryan told Reuters.
Photo credit: A Volkswagen logo sign is seen next to the grill of a 2009 GTI automobile inside the lobby of the U.S. headquarters building of Volkswagen Group of America in Herndon, Virginia, September 18, 2008. REUTERS/Larry Downing
posted by Yahoo! News Search Results for dividends on Jul 29
TORONTO - Dividends or distributions were declared or updated on the followed listed issues on the Toronto Stock Exchange on July 29,posted by Yahoo! News Search Results for dividends on Jul 29
TORONTO - Dividends or distributions were declared or updated on the followed listed issues on the Toronto Stock Exchange on July 29, 2010. Canada Bread Company Limited (TSX:CBY): $0.06. Payable Oct 01. Record Sep 06.posted by Yahoo! News Search Results for dividends on Jul 29
PINEVILLE, LA--(Marketwire - July 29, 2010) - The Board of Directors of Cleco Corp. ( 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:posted by Yahoo! News Search Results for dividends on Jul 29
PARAMUS, N.J.----VORNADO REALTY TRUST today announced that its Board of Trustees has declared the following quarterly preferred dividends: Series A Convertible $ .8125000 per share Series E Cumulative Redeemable $ .4375000 per share Series F and H Cumulative Redeemable $ .4218750 per share Series G and I Cumulative Redeemable $ .4140625 per shareposted by Yahoo! News Search Results for dividends on Jul 29
The oil sector has gotten some bad press of late as the media demonized BP and the public honed in on the potential environmental consequences of oil exploration and production.posted by Yahoo! News Search Results for dividends on Jul 28
Execs like Warren Buffett, Steve Jobs invest cash rather than hand it away.posted by Yahoo! News Search Results for dividends on Jul 28
AUSTIN, Texas----Today, Texas Mutual Insurance Company began distributing $100 million in workers’ compensation dividends among approximately 38,000 policyholders. Dividends reward loyal policyholders who share Texas Mutual’s commitment to workplace safety.
