Greece should consider selling some of its islands to pay off its debt, a pair of German politicians has claimed.
The former was quoted by Reuters as saying: “Those in insolvency have to sell everything they have to pay their creditors.
March 6th, 2010
Before You Invest
Greece should consider selling some of its islands to pay off its debt, a pair of German politicians has claimed.
The former was quoted by Reuters as saying: “Those in insolvency have to sell everything they have to pay their creditors.
March 3rd, 2010
Before You Invest
(Reuters) — General Growth Properties Inc.’s unsecured creditors and suitor Simon Property Group Inc.
March 2nd, 2010
Before You Invest JPMorgan Chase will not raise its dividend until the threat of a “double dip” in the economy has subsided, the company’s chief executive officer has said.
Jamie Dimon made the comments at the financial institution’s annual investor meeting, Reuters reported.
Representatives from the bank stated that ideally the dividend would be increased from 75 cents to $1.
However, further confirmation that the financial crisis had ended, such as rising employment figures, would be needed before the bank would increase the figure.
Mr Dimon said: “We don’t mind holding extra capital right now because we don’t know what’s going to happen. There are huge
potential negatives out there.”
He added that the company is “cautious” due to uncertainty over the amounts of money needed to be maintained in reserve for future potential credit losses.
Although the economic turmoil in Greece was not an issue for the bank, the CEO did express concern over the ability of states such as California to manage debt.
Earlier in the month, JPMorgan announced the acquisition of the commodities arm of RBS Sempra for $1.7 billion.
February 22nd, 2010
Before You Invest (Reuters) — Motorola Inc. said Monday that Dan Moloney, the head of its television set-top box business, has decided to leave the company to become chief executive officer of electronics components maker Technitrol Inc.
February 17th, 2010
Before You Invest Walgreen Co. will buy Duane Reade for $618 million in cash, catapulting the largest U.S. drugstore operator into the top spot in the New York City area.
February 12th, 2010
Before You Invest
(Reuters) — BM&FBovespa, the world’s fourth-largest exchange operator by market value, has agreed to raise its stake in CME Group Inc. for $620 million and develop new technologies, in its biggest bet to date on high frequency trading. As part of the deal, BM&FBovespa will increase its stake in Chicago-based CME to 5 percent from 1.8 percent, the Brazilian company said Friday. The companies also agreed to develop new technologies for high-speed trading platforms for stocks, derivatives, currencies, government and corporate bonds, where investors will be able to buy and sell securities in less than 1 millisecond. BM&FBovespa said it will invest $175 million over 10 years in the new trading platform. CME and BM&FBovespa also formed a “strategic partnership,” valid for 15 years, to jointly look for partnerships and investment opportunities in other exchange operators around the world.
February 12th, 2010
Before You Invest
(Reuters) — Discover Financial Services paid Morgan Stanley $775 million to settle claims related to sharing proceeds from an antitrust suit against credit card networks Visa Inc.
February 3rd, 2010
Before You Invest Goldman Sachs chief executive officer Lloyd Blankfein is likely to pick up a bonus of around $40 million for his work in 2009, it has been predicted.
Alan Johnson, a Wall Street compensation consultant, forecast to Reuters that Mr Blankfein would accept a pay package in this region –which will be a considerable drop on the $67.9 million payout he received for 2007.
Mr Johnson said that Goldman Sachs was highly likely to react to continuing criticism of its remuneration levels by reducing the size of Mr Blankfein’s 2009 bonus.
“They have made a number of moves to try to ameliorate the issues,” he said.
“I would be shocked if it didn’t have an impact on his and everybody else’s total.”
Last month, Goldman Sachs announced that it was paying out $16.2 billion to staff for their work last year – the lowest ratio when compared to revenue since the financial institution went public in 1999.
January 20th, 2010
Before You Invest (Reuters) – Warren Buffett said Kraft Foods Inc.’s proposed $19.6 billion acquisition of Cadbury Plc is a “bad deal” and questioned how Chief Executive Irene Rosenfeld chose to pay for it.
While Buffett indicated he would not sell his stake in Kraft, shares of the company fell more than 2 percent as the U.S.
January 14th, 2010
Before You Invest The death of financier Danny Pang, who was found dead in September while facing U.S. Securities and Exchange Commission charges of running a massive Ponzi scheme, has been ruled a suicide, coroner’s officials said on Monday.
“We did determine that the cause of death was suicide due to the combined effects of multiple drugs,” a spokeswoman for the Orange County Coroner’s Office told Reuters.
She said the drugs found in Pang’s system included the painkillers oxycodone, oxymorphone and hydrocodone, among others.
Police had earlier said there was no sign of foul play and had called the financier’s death a probable suicide.
Pang, 42, was found unconscious in his home on Sept 12 and pronounced dead later that day at Hoag Memorial Hospital in Newport Beach.