| Freddie Mac: Insult Shareholders, Then Ask Them for More Money | | 2008-07-18 11:34:41 | | It is amazing how corporate America works these days. Everywhere you look, companies are finding more and more interesting ways to survive and thrive in these markets. Freddie Mac is now doing something I have never heard of.
Treasury Secretary Hank Paulson stressed the fact that shareholders would not be bailed out according to his bail [...] | | By: Florida Mortgage Report | | |
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| Vietnam Airlines licensed to sell 20% stake to foreign strategic shareholders | | 2008-06-13 20:14:38 | | Viet Nam Airlines recently was licensed to sell its 10-20% stake to foreign strategic shareholders, leading to the state holding in the firm at 70-80%.
The carrier's equitisation process is under the method of keeping the state's current holding and issuing extra shares to hike chartered capital.
Currently, Viet Nam...
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| | By: Vietnam Stock Market News | | |
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| Who will be strategic shareholders of MobiFone? | | 2008-06-09 23:31:05 | | Unstopped slump of the stock market did not affect to the desire of the world's leading telecommunication groups to become strategic shareholders of Viet Nam's MobiFone-the first mobile telecom service provider making equitisation.
A source from MobiFone said that without an exact equitisation schedule, but there...
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| | By: Vietnam Stock Market News | | |
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| GM shareholders upset over Wagoner's pay | | 2008-06-06 16:46:00 | | Considering the sorry state of financial affairs that GM appears to be in, it seems extremely unsurprising that the board would like to see some big changes made at the very top of the company. What is a little shocking, though, is just how soundly the specific proposals were rejected. For instance, a proposal sponsored by John Chevedden of Redondo Beach, California, which would have given shareholders an annual advisory vote on executive compensation and pay, found less than 38-percent of voters in support. Another proposal which was soundly defeated would have tied executive stock options and awards with company performance.Still, there were some vocal company detractors present at the annual shareholders meeting, such as Mary Ann Wiley from Seattle, Washington. She told GM CEO Rick Wagoner, "If the company does not do well, management should take an equal hit, and I don't think they've taken an equal hit." Wagoner's $15.7 million dollars worth of compensation for 2007 is as drop in | | By: Car News | | |
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| Vietcombank to increase dividend to shareholders | | 2008-04-28 18:45:40 | | Vietcombank's first shareholders' meeting was held in Hanoi on April 26 with the nomination of director board, supervision board for the term of 2008-2013, the approval on operation regulations, business orientation and plans in 2008.
Accordingly, the bank's director board includes seven members and the supervision...
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| | By: Vietnam Stock Market News | | |
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| Vietcombank bosses face worried shareholders | | 2008-04-28 05:38:01 | | Vietcombank's shareholders voiced strong concerns about shrinking share prices in the bank's first general shareholders meeting on Saturday, putting management on the hot seat to explain the bank's shrinking assets during the first quarter of the year.
In last December's initial public offering, the average winning...
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| | By: Vietnam Stock Market News | | |
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| Reliance Power shareholders approve bonus issue | | 2008-04-22 04:48:00 | | Reliance Power has received shareholders' approval to issue 3:5 bonus shares to its shareholders excluding chairman Anil Ambani and other promoters."The shareholders through postal ballot have approved the proposals entailing that no allotment of bonus shares will be made to Anil Ambani and other promoters who waived their entitlement to such shares," the company informed the Bombay Stock Exchange Tuesday.Reliance Power had recommended the issue of 136.8 million bonus shares in the ratio of thre | | By: Brand Mantra | | |
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| Vietcombank to hold first shareholders' meeting in 2008 | | 2008-04-21 18:36:09 | | The Bank for Foreign Trade of Viet Nam (Vietcombank) recently announced that it plans to hold first shareholders' meeting this year on April 26 at the National Conference Centre in Hanoi.
The shareholders' meeting will discus on brief report on Vietcombank's equitisation process and pass the operation regulations,...
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| | By: Vietnam Stock Market News | | |
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| Shareholders ignore banks' capital increase roadmap | | 2008-04-21 18:27:58 | | The race of increasing chartered capital among joint stock commercial banks has raised a lot of wonders for the public when these lenders have poured billions of bank shares into the market in the context that the finance market is facing many difficulties.
Up to the end of March, the country has total 33 urban joint...
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| | By: Vietnam Stock Market News | | |
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| Fiditour shareholders approve higher dividend | | 2008-04-01 05:36:30 | | Shareholders of Fiditour Co have voted to approve a 2007 dividend of 16%, a full 33% higher than originally projected after Fiditour last year generated revenues of VND243 billion, 32% higher than the previous year’s figure.
Dividends over the next five years were expected to range at 18-22% against annual growth of...
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| | By: Vietnam Stock Market News | | |
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| Tuong An Vegetable Oil: Time, Venue and Contents of Annual Shareholders Meeting | | 2008-03-28 13:41:48 | | Tuong An Vegetable Oil Joint Stock Company announces the time, venue and contents of the annual shareholders meeting.
* Time: From 8:00 April 24, 2008
* Venue: New World Hotel, 76 Le Lai Street, District 1, Ho Chi Minh City
* Contents:
o Inform of 2007 business result, 2007 financial statement and...
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| | By: Vietnam Stock Market News | | |
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| Ha Long No. 1 Viglacera: Resolution of Shareholders Meeting | | 2008-03-28 13:06:28 | | Ha Long No. 1 Viglacera Joint Stock Company announces the resolution of shareholder meeting.
* Article 1: Pass business result in 2007
o Revenue: VND36.975 billion, 16.2% higher than initial projection
o Pretax profit: VND1.53 billion, 15.5% higher than initial projection
o Dividend...
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| | By: Vietnam Stock Market News | | |
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| Sabeco to hold shareholders' meeting next month | | 2008-03-26 19:32:51 | | The Saigon Beer Alcohol-Beverage Corp (Sabeco) planed to hold the shareholders' meeting next month. After Sabeco's IPO, foreign partners still continue expressing their desire to become Sabeco's strategic partners and the equitisation plan could be finished in the second quarter.
According to the statistics of...
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| | By: Vietnam Stock Market News | | |
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| SAM: Resolution of annual shareholders’ meeting | | 2008-03-17 23:36:51 | | Cables and Telecommunications Material Joint Stock Company (SACOM) has informed of resolution of annual shareholders’ meeting 2008 as follows:
Pass criteria of business plan for 2007
+ Shareholders had high assessment of the company to implement business plan in 2007 although it did not meet the plans of revenue and...
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| | By: Vietnam Stock Market News | | |
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| NAV: The record date for an annual shareholders’ meeting | | 2008-03-17 23:35:45 | | HOSE announces the record date for annual shareholders’ meeting as follows:
Name of the listed firm: Nam Viet Joint-Stock Company (NAVIFICO)
Stock symbol: NAV
Stock type: Common stock
Par value: VND10,000
Ex-right date: March 24th 2008
Record date: March 26th 2008
Estimated meeting time: April 24th 2008
Venue:...
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| | By: Vietnam Stock Market News | | |
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| MPC: The record date for an annual shareholders’ meeting and dividend payment 2007 | | 2008-03-17 23:34:43 | | HOSE announces the record date for annual shareholders’ meeting and dividend payment 2007 as follows:
Name of the listed firm: Minh Phu Seafood Joint stock Company (MINH PHU SEAFOOD CORP)
Stock symbol: MPC
Stock type: Common stock
Par value: VND10,000
Ex-right date: March 26th 2008
Record date: March 28th...
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| | By: Vietnam Stock Market News | | |
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| Google gets DoubleClick, shareholders applaud | | 2008-03-12 00:11:28 | | BRUSSELS/SAN FRANCISCO (Reuters) - Google Inc won approval on Tuesday from the European Commission of its planned acquisition of DoubleClick Inc and promptly closed the deal, sending its stock 6 percent higher.
The move will allow the Web search and advertising leader to accelerate its move into the market for corporate banner and display ads, where [...] | | By: Indonesia First | | |
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| Warren Buffett’s Letter to Shareholders for 2007 | | 2008-03-02 21:47:12 | | Warren Buffett has just released his latest annual letter to his Berkshire shareholders a few days ago. While I haven’t read through the entire thing yet, a quick scan shows Warren critisising pension funds for their over-optimistic projections of their returns.
And get this, Warren Buffett thinks that the 8% assumed by the funds is not [...] | | By: Intelligent Investor Club | | |
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| UBS shareholders approve Singapore GIC’s $14b capital injection | | 2008-02-28 01:04:22 | | UBS shareholders approve Singapore GIC’s $14b capital injectionÂ
Over two-thirds vote in favour of proposal; chairman, board castigated
By Grace Ng, Finance CorrespondentÂ
TENSE MEETING: After seven long hours, some 6,500 UBS shareholders voted in favour of the proposed capital injection. — PHOTO: REUTERS
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UBS shareholders approved last night an 11 billion Swiss franc (S$14.16 billion) injection by the [...] | | By: singapore property real estate news blog | | |
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| OfficeMax Announces Dividends and Date for Annual Shareholders Meeting | | 2008-02-15 04:36:00 | | OfficeMax(R) Incorporated (NYSE:OMX) , a leader in office products and services, today announced a regular quarterly dividend of $.15 per common share, payable on April 15, 2008, to shareholders of record on April 1, 2008. In addition, a regular semiannual dividend of $1.659375 per share on the company's convertible preferred stock, Series D, was declared. That dividend is payable on June 28, 2008 to shareholders of record on June 14, 2008.OfficeMax also announced that it intends to hold its ann | | By: Brand Mantra | | |
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| Hanaka to sell 50m shares to existing shareholders | | 2008-01-16 19:09:05 | | State Securities Commission on January 8 approved Bac Ninh province's Hanaka Group Joint Stock Co with a chartered capital of 500 billion dong to sell 50 million shares at 10,000 dong par to the existing shareholders.
The share buying right is one...
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| | By: Vietnam Stock Market News | | |
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| Legg Mason Value Trust Letter to Shareholders | | 2007-11-05 20:53:00 | | Bill Miller of Legg Mason released the Value Trust Letter to Shareholders on Friday. The letter discusses some very interesting factors Bill has observed about the economy. At the end, he comments on how financial stocks, namely those tied to housing, are being driven by emotion, fear and relief rather than rational analysis. His case in point is Countrywide (CFC) which Miller values at $40/share. From the letter: "The recent precipitous decline in financial stocks, especially those related to housing, which sent Countrywide Financial (CFC) to $12 last week, and led to 20 to 30% drops in financial guarantors in a day or so -- after they had already dropped between 25 and 50% this year -- is a case in point. After falling 20% in a only a few days on no news, and this after being down 50% for the year, CFC rallied over 30% in one day once they reported their results and indicated they would be profitable for the 4th quarter and expect to earn a reasonable return on equity of 10-15% for a | | By: Focus On Value | | |
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| ASIA: Private Caspian shareholders reject all Transneft proposals | | 2007-07-06 21:51:00 | | A shareholders meeting of the Caspian Pipeline Consortium yesterday rejected all proposals made by Transneft, which represents the Russian package of shares in the CPC. Not even Kazakhstan was satisfied by Transneft Finance head Murod Mukhamedzhanov's proposal to restructure CPC debt by raising fees higher than the previously stipulated $38 per ton pumped and issuing Eurobonds for $5 billion. Transneft may making firmed statements today.Mukhamedzhanov has already said that rejecting his proposal threatens the CPC with bankruptcy. Transneft Left Out of the Consortium The two-day CPC shareholders meeting began today at the Marriott Grand Hotel in Moscow. The CPC is the only private trunk pipeline in Russia.It connects oil deposits in Kazakhstan with ports in Novorossiisk. The shareholders meeting reached a dead end on its first day. Transneft, which took over management of the 24 percent of CPC stock in the possession of the Federal Property Management Fund (Rosimushchestvo) only last | | By: energy BLOG | | |
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| AMERICA: ENRON, Shareholders seek SEC's help to pursue banks | | 2007-05-16 05:37:00 | | Plaintiffs say it must choose: Help Wall Street or Enron victims
by KRISTEN HAYS
Plaintiffs whose massive Enron shareholder lawsuit was sidelined by an appeals court ruling in March want the Securities and Exchange Commission to support their fight to bring it to trial. William Lerach, who represents the Regents of the University of California, the lead plaintiff, said Tuesday that the SEC's | | By: energy BLOG | | |
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