Shareholders

Business

Business News: Companies announce dividends and other corporate actions

Hess, CME Group, Cisco, Packaging Corporation of America, Equity Residential, and Bristol-Myers Squibb Company announce dividends or other corporate actions Yesterday, multiple companies announced dividends and other corporate actions, including: Hess (NYSE:HES) announced quarterly cash dividend for preferred stockholders of $20 per share on the Company’s 8.00% Series A Mondatory Convertible Preferred Stock, which is equivalent … Continue reading Business News: Companies announce dividends and other corporate actions →

General

SACRAMENTO, Calif. | Utility asked last month to hike bills over California fires

SACRAMENTO, Calif. — A utility facing severe financial pressure amid speculation its equipment may have sparked a deadly Northern California wildfire asked U.S. energy regulators last month for permission to raise its customers’ monthly bills to harden its system against wildfires and deliver a sizable increase in profits to shareholders. In an October filing with … Continue reading SACRAMENTO, Calif. | Utility asked last month to hike bills over California fires →

Business

Business News: Amdocs Limited Fourth Quarter Results for Fiscal 2018

Amdocs Limited Record Quarterly Revenue of $1 Billion Amdocs Expects Fiscal 2019 Revenue Growth of 2.0%-6.0% YoY in Constant Currency Amdocs Quarterly Cash Dividend to be Raised From $0.25 to $0.285 Per Share Fourth Quarter Fiscal 2018 Highlights Revenue of $1 billion, slightly above the midpoint of the $980-$1,020 million guidance range including a negative … Continue reading Business News: Amdocs Limited Fourth Quarter Results for Fiscal 2018 →

Business

What to do when a fund in your portfolio closes

The past decade has seen an explosion in new exchange-traded funds. Investors have flocked to ETFs because they trade like individual stocks, but offer the diversification benefits of mutual funds — all at a low cost. But not all funds attract investors, and ETFs are dying off at a near-record rate this year. Fund closures … Continue reading What to do when a fund in your portfolio closes →

Business

Business News: Huntington Ingalls Industries Increases Quarterly Dividend to $0.86 per share

NEWPORT NEWS, VA – Huntington Ingalls Industries (NYSE:HII) announced today that its Board of Directors has declared a quarterly cash dividend of $0.86 per share, a $0.14 increase over the $0.72 per share dividend paid in each of the prior four quarters.  The $0.86 per share dividend will be payable on Dec. 14, 2018, to … Continue reading Business News: Huntington Ingalls Industries Increases Quarterly Dividend to $0.86 per share →

Business

Business News: Emerson Increases Quarterly Cash Dividend

ST. LOUIS, MO – The board of directors of Emerson (NYSE: EMR) today voted to increase the regular quarterly cash dividend by one-half cent to forty-nine cents ($0.49) per share of common stock payable December 10, 2018 to stockholders of record November 16, 2018. “Increasing our dividend, as we have done every year since 1956, … Continue reading Business News: Emerson Increases Quarterly Cash Dividend →

Business

Business News: ADP Increases Cash Dividend; Marks 44th Consecutive Year of Dividend Increases

ROSELAND, N.J. – The board of directors of Automatic Data Processing, Inc. (Nasdaq: ADP) approved a $0.10 increase in the quarterly cash dividend to an annual rate of $3.16 per share, Carlos Rodriguez, ADP’s president and chief executive officer, announced today.  The increased cash dividend marks the 44th consecutive year in which ADP, a leading … Continue reading Business News: ADP Increases Cash Dividend; Marks 44th Consecutive Year of Dividend Increases →

Business

Business News: Cboe Global Markets Reports Results for Third Quarter 2018

Cboe Global Markets, Inc. Third Quarter 2018 Highlights* • Diluted EPS of $0.76, up 43 Percent • Adjusted Diluted EPS of $1.06¹, up 19 Percent • Net Revenue of $270.5 Million Compared to $269.7 Million in Third Quarter 2017 • $84 Million of Capital Returned to Shareholders CHICAGO, IL – Cboe Global Markets, Inc. (Cboe: … Continue reading Business News: Cboe Global Markets Reports Results for Third Quarter 2018 →

Business

Business News: Energizer Holdings, Inc. To Webcast A Discussion Of Fourth Quarter And Fiscal 2018 Results

ST. LOUIS, MO – Energizer Holdings, Inc. (NYSE: ENR) will report results for its fourth quarter and Fiscal 2018 before the market opens on November 15, 2018.  Energizer will also discuss its results during an investor conference call that will be webcast on November 15, 2018, beginning at 10 a.m. ET.  The call will be … Continue reading Business News: Energizer Holdings, Inc. To Webcast A Discussion Of Fourth Quarter And Fiscal 2018 Results →

General

Shareholders must vote on Musk’s return as Tesla chairman

If Tesla CEO Elon Musk wants to return as chairman, shareholders will have to vote on it. The requirement is detailed in a court brief filed jointly on Thursday by Tesla and the Securities and Exchange Commission. The brief was required by a federal judge who must approve a securities fraud settlement reached with Musk … Continue reading Shareholders must vote on Musk’s return as Tesla chairman →

Business

FRANKFURT, Germany | BMW ramps up investment in China to meet electric demand

FRANKFURT, Germany — German automaker BMW says it is taking a majority stake in its China joint venture and investing 3 billion euros ($3.5 billion) in production there as it prepares to meet increased demand for electric vehicles. Munich-based BMW said Thursday it would pay 3.6 billion euros ($4.2 billion) to raise its stake in … Continue reading FRANKFURT, Germany | BMW ramps up investment in China to meet electric demand →

Business

SAN FRANCISCO | Investor sues Tesla alleging scheme to ‘burn’ short sellers

SAN FRANCISCO — Tesla has been sued again by an investor who alleges that CEO Elon Musk artificially manipulated the stock price to damage investors who bet against his company. The lawsuit filed Thursday by short-seller Andrew Left alleges that Tesla and Musk damaged all shareholders when Musk tweeted Aug. 7 that he had secured … Continue reading SAN FRANCISCO | Investor sues Tesla alleging scheme to ‘burn’ short sellers →

Business

DETROIT | ‘Private’ mess: Musk’s credibility goes from bad to worse

DETROIT — First it was the shocking tweet that funding was secured and Tesla may go private, then a statement that the money wasn’t locked down after all. Two weeks later it’s never mind, the whole deal is off. Welcome to the disarray of Elon Musk, the impulsive genius and architect of cutting-edge car, rocket … Continue reading DETROIT | ‘Private’ mess: Musk’s credibility goes from bad to worse →

General

DETROIT | Musk says investors convinced him Tesla should stay public

DETROIT— Tesla Inc. CEO Elon Musk said Friday that investors have convinced him that he shouldn’t take the company private, so the firm will remain on the public stock markets. The eccentric and sometimes erratic CEO said in a statement that he made the decision based on feedback from shareholders, including institutional investors, who said … Continue reading DETROIT | Musk says investors convinced him Tesla should stay public →

General

Rite Aid, Albertsons call off merger deal

Drugstore chain Rite Aid and grocer Albertsons say they have called off their merger deal. Rite Aid CEO John Standley said in a statement late Wednesday that after hearing the views of shareholders, Rite Aid is “committed to moving forward and executing our strategic plan as a standalone company.” As a result, a special meeting … Continue reading Rite Aid, Albertsons call off merger deal →

Business

LONDON | RBS says profit down after US settlement, picture improving

LONDON — The Royal Bank of Scotland has announced a fall in second-quarter profit after being hit by a big charge from U.S. authorities over past misdeeds. But the bank says it is putting its troubled past behind it and will pay its first dividend to shareholders in a decade. RBS, which remains majority-owned by … Continue reading LONDON | RBS says profit down after US settlement, picture improving →

Real Estate News

Common Dividend Increased 5.3% By National Retail Properties, Inc.

ORLANDO, Fla./ July 16, 2018 (STL.News) — The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend of 50 cents per share payable August 15, 2018 to common shareholders of record on July 31, 2018. The 5.3% increase in the quarterly dividend marks the 29th … Continue reading Common Dividend Increased 5.3% By National Retail Properties, Inc. →

Real Estate News

Wall Street Fraud Watchdog Now Appeals to an Insider with Proof a CEO is Lying to Their Shareholders About Profits or Liabilities to Call About Potentially Huge SEC Rewards and Being Anonymous

WASHINGTON, DC/ July 10, 2018 (STL.News)– The Wall Street Fraud Watchdog says, “We are urging an employee of a publicly traded company or an insider/analyst with proof the corporation’s CEO is lying to shareholders about profitability or liabilities to call us anytime at 866-714-6466. The SEC has perhaps the best whistleblower reward program in the … Continue reading Wall Street Fraud Watchdog Now Appeals to an Insider with Proof a CEO is Lying to Their Shareholders About Profits or Liabilities to Call About Potentially Huge SEC Rewards and Being Anonymous →

Real Estate News

PNC Raises Common Stock Dividend To 95 Cents Per Share

PITTSBURGH/ July 5, 2018 (STL.News) — The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of 95 cents per share, an increase of 20 cents per share, or 27 percent, from the second quarter dividend of 75 cents per share. The dividend, … Continue reading PNC Raises Common Stock Dividend To 95 Cents Per Share →

Business

KCS Holds Annual Meeting of Stockholders, Elects Twelve Directors & Announces Preferred and Common Dividends

KANSAS CITY, MO – Kansas City Southern (KCS) (NYSE:KSU) held its Annual Meeting of Stockholders on May 17, 2018 in Kansas City, Missouri.  With 88% of KCS’ outstanding common and preferred stock represented in person or by proxy at the Annual Meeting, the stockholders: elected Lydia I. Beebe, Lu M. Córdova, Robert J. Druten, Terrence … Continue reading KCS Holds Annual Meeting of Stockholders, Elects Twelve Directors & Announces Preferred and Common Dividends →

Class Action

Rowley Law PLLC is Investigating Proposed Acquisition of Abaxis, Inc.

NEW YORK, NY – Rowley Law PLLC is investigating potential claims against Abaxis, Inc. (NASDAQ: ABAX) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by Zoetis Inc. Stockholders will receive $83.00 for each share of Abaxis, Inc. stock that they hold.  The transaction is valued at approximately … Continue reading Rowley Law PLLC is Investigating Proposed Acquisition of Abaxis, Inc. →

Business

Bitauto Board of Directors Approves $150 Million Share Repurchase Program

BEIJING (STL.News) Bitauto Holdings Limited (“Bitauto” or the “Company”) (NYSE: BITA), a leading provider of internet content & marketing services, and transaction services for China’s fast-growing automotive industry, today announced that the board of directors of the Company has approved a share repurchase program whereby Bitauto is authorized to repurchase its own ordinary shares represented … Continue reading Bitauto Board of Directors Approves $150 Million Share Repurchase Program →

Business

Investor Update – Kaplan Fox Continues Investigation Of TrueCar, Inc.

NEW YORK, NY (STL.News) Kaplan Fox & Kilsheimer LLP is continuing its investigating of potential claims on behalf of investors of TrueCar, Inc. (“TrueCar” or the “Company”) (NASDAQ: TRUE) for violations of the federal securities laws.  Investors who purchased TrueCar common stock may be affected. On or about April 27, 2017, TrueCar and other selling … Continue reading Investor Update – Kaplan Fox Continues Investigation Of TrueCar, Inc. →

Business

Shareholder Group Calls On Avon Board To Explore The Sale Of The Company

NEW YORK, NY (STL.News) A group of shareholders of Avon Products, Inc. (NYSE: AVP) led by Shah Capital, Barington Capital Group, L.P., and NuOrion Partners that collectively beneficially owns approximately 3.5% of the outstanding common stock of the Company (the “Shareholder Group”), announced today that it has sent a letter to the Board of Directors … Continue reading Shareholder Group Calls On Avon Board To Explore The Sale Of The Company →

Business

Increase in Regular Cash Dividend Announced by Mercantile Bank Corporation

Board declares $0.22 regular quarterly cash dividend on common stock resulting in a current annual yield of approximately 2.4% GRAND RAPIDS, MI/January 16, 2018 (STL.News) – Mercantile Bank Corporation (NASDAQ: MBWM) (“Mercantile”) announced today that on January 11, 2018, its Board of Directors declared a regular quarterly cash dividend of $0.22 per common share, payable … Continue reading Increase in Regular Cash Dividend Announced by Mercantile Bank Corporation →

General

Israeli drugmaker Teva to cut quarter of global work force

JERUSALEM/December 14, 2017 (AP)(STL.NEWS) — Teva Pharmaceutical Industries Ltd., the world’s largest generic drugmaker, on Thursday said it would lay off over a quarter of its workforce as part of a global restructuring meant to salvage its ailing business. The company said 14,000 workers would be let go. The cuts will be scattered across Teva’s … Continue reading Israeli drugmaker Teva to cut quarter of global work force →

Business

Global shares in retreat after dismal session on Wall Street

TOKYO/December 6, 2017 (AP)(STL.News) — World share benchmarks fell Wednesday following the latest retreat on Wall Street. Warnings of tighter regulation of China’s financial markets added to gloom in Shanghai and Hong Kong KEEPING SCORE: Germany’s DAX gave up 1 percent to 12,913.40 and the CAC 40 of France lost 0.9 percent to 5,329.84. Britain’s … Continue reading Global shares in retreat after dismal session on Wall Street →

Business

Global shares decline after tech stock tumble on Wall Street

TOKYO/December 5, 2017 (AP)(STL.News) — World share benchmarks were mostly lower on Tuesday after a lackluster session on Wall Street, where technology stocks tumbled. Investors are keeping an eye on U.S. tax legislation and Brexit negotiations. KEEPING SCORE: Germany’s DAX slipped 0.2 percent to 13,031.90 and the CAC 40 of France lost 0.2 percent to … Continue reading Global shares decline after tech stock tumble on Wall Street →

Business

Europe up, Asian shares mixed with US politics in focus

SEOUL, South Korea/December 4, 2017 (AP)(STL.News) — European markets opened higher after Asian stocks closed mixed on Monday, with U.S. politics in focus. Investors are digesting the U.S. Senate’s passage of the tax bill and considering implications of the guilty plea by President Donald Trump’s former U.S. national security adviser. KEEPING SCORE: Britain’s FTSE 100 … Continue reading Europe up, Asian shares mixed with US politics in focus →

Business

Global stocks mixed after tech recovery, China data

SEOUL, South Korea/December 1, 2017 (AP)(STL.News) — Global stocks were mixed on Friday after a technology stocks recovered from heavy selling the day before. An agreement among key crude exporting countries to extend oil production cuts boosted sentiment but weak China factory data tempered appetite for risk. KEEPING SCORE: Europe opened weaker with Britain’s FTSE … Continue reading Global stocks mixed after tech recovery, China data →