Briefing.com - 1 minute ago
Co announced that W. Marvin Rush is retiring from his position as Chairman of the Board of the Company. He will continue to serve as a member of the board of directors of the Company and have the honorary title of Chairman Emeritus. The Company also announced the appointment of W.M. "Rusty" Rush as the Company's Chairman of the Board. Rusty Rush has served as President of the Company since 1995 an...
Briefing.com - 2 minutes ago
Co announced that it has entered into a $150 million accelerated share repurchase agreement (ASR) with Citibank, N.A. Under the ASR, Ashland has agreed to repurchase an aggregate of $150 million of its common stock from Citi, with immediate delivery of approximately 1.3 million shares based on current market prices. The ASR is part of the company's recently announced $600 million common stock repu...
Briefing.com - 13 minutes ago
Co announced that certain subsidiaries of Sabra have priced and entered into an agreement to issue and sell, subject to certain conditions, $200 million aggregate principal amount of 5.375% senior notes due 2023 pursuant to an effective registration statement filed on May 20, 2013 with the Securities and Exchange Commission. Sabra expects to close the offering on May 23, 2013, subject to the satis...
MarketWatch - 16 minutes ago
WASHINGTON (MarketWatch) -- Apple Inc. avoided "billions of dollars" in U.S. taxes by setting up offshore entities, a Senate report charged Monday. "Apple sought the Holy Grail of tax avoidance," said Sen. Carl Levin, chair of a Senate panel that will hold a hearing about offshore profit shifting on Tuesday. "It has created offshore entities holding tens of billions of dollars, while claiming to be tax resident nowhere," Levin said. Apple earlier Monday said it does not use tax gimmicks and that its Irish subsidiary isn't a shell company. The report charges Ireland is an offshore tax haven for Apple.
MarketWatch - 23 minutes ago
WASHINGTON (MarketWatch) - President Barack Obama will meet with Chinese President Xi Jinping in California in early June, the White House announced Monday. This will be Obama's first meeting with Xi since he became China's president. The two will meet on June 7-8. White House national security advisor Tom Donilon will travel to Bejing later this month to prepare for the talks.
Briefing.com - 29 minutes ago
The dividend is payable on June 28, 2013 to shareholders of record as of the close of business on May 31, 2013.
MarketWatch - 30 minutes ago
So far Yahoo's $1.1 billion acquisition of Tumblr is playing out similarly to its 2005 purchase of Flickr.
Briefing.com - 36 minutes ago
Co announced it has agreed to sell in an underwritten public offering $275 million aggregate liquidation preference of its 5.375% Series E Preference Shares, or 11 million shares, with a liquidation preference of $25 per share. RenaissanceRe currently expects to consummate the sale to the underwriters on May 28, 2013, subject to customary closing conditions. RenaissanceRe anticipates using the net...
MarketWatch - 41 minutes ago
The Treasury market turned a morning rally into an afternoon slump Monday as benchmark U.S. government debt yield rose to its highest since mid-March.
MarketWatch - 41 minutes ago
SAN FRANCISCO (MarketWatch) -- SAC Capital's Steven Cohen may broker a deal with the government to shut his $15 billion hedge fund to outside investors to settle an insider trading probe, according to Bloomberg News late Monday, citing a person close to the thinking. On Friday, Cohen sent a letter to investors saying he was no longer unconditionally cooperating with the government investigation, following a subpoena to appear before a grand jury last week. SAC Capital had no comment on the report.