Category Archives: Dividends

GM bondholders reject offer

By doris | Published: May 27, 2009

Full Story At money.cnn.com NEW YORK (CNNMoney.com) — General Motors has fallen far short of the bondholder support it needed for its proposed debt-for-stock offer, according to a source familiar with the matter, virtually guaranteeing that the nation’s largest automaker will be forced to file for bankruptcy court protection within the week. The bondholders own [...]

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Stock rebound in the works

By doris | Published: March 3, 2009

Full Story At CNNMoney.com NEW YORK (CNNMoney.com) — The gloom may lift on Wall Street, at least for a little bit, when stock markets open Tuesday after the Dow Jones industrial average fell below 7,000 for the first time since 1997. At 4:30 a.m. ET, Nasdaq-100, Standard & Poor’s 500 and Dow futures were all [...]

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Stock deal with feds buys time for Citigroup

By doris | Published: March 1, 2009

Full Story At msnbc.com NEW YORK – Don’t think of the government’s new investment in Citigroup as cash. Think of it as time. Citigroup will save $2 billion a year now that it doesn’t have to pay the government dividends. But what the move really does is give the bank a bit longer to prove [...]

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Fed to banks: Ask us before you pay dividends

By doris | Published: February 25, 2009

Full Story At  msnbc.com WASHINGTON – The Federal Reserve is letting banks know they need to be careful when they decide to pay dividends to shareholders. The central bank, which regulates the nation’s large bank holding companies, said in a guidance letter on Tuesday that banks need to consult with the Fed if they plan [...]

Also posted in Banking, Federal Reserve, Money, Safety | Leave a comment