This is a fascinating battle where two fundamental impulses--the right of shareholders to earn the best possible returns and the role of an independent media in the American democracy--come into conflict. Disclosure: I've been writing for the Times for seven years, but think I can step back...
Dual-class common stock allows for the separation of voting rights and cash flow rights across the different classes of equity. This report constructs a large sample of dual-class firms in the United States and analyzes the relationships of insider's cash flow rights and voting rights with firm value, performance, and...
Stocks represent part ownership in a corporation, proportional to the shares owned. The valuation of stocks depends on the economic progress of the organization. The stock value rises with the increase in the economic performance of the organization. The decisions regarding investing in common stocks are, sometimes, based on speculations....
"Individual investors who hold common stocks directly pay a tremendous performance penalty for active trading. Of 66,465 households with accounts at a large discount broker during 1991 to 1996, those that trade most earn an annual return of 11.4 percent, while the market returns 17.9 percent. The average household...
Big Apple Worldwide, Inc. (PINKSHEETS: BPWI)is pleased to announce that its Board of Directors has approved a reductionof the Company's authorized common stock to 950 million shares. The purposeof the reduction is to aid the Company in its objective to increase theshare price in concert with its current business plan...
Critical Outcome Technologies Inc. (TSX VENTURE: COT) announced today that the Board of Directors approved the granting of 100,000 stock options to a senior manager of the Company at its Board meeting of July 16, 2008 under the Company's Stock Option Plan. The options have a life of five years...
Mengold Resources Inc. ("Mengold") (TSX VENTURE: MNI) has awarded 200,000 incentive stock options to an officer of the Company. The stock options, which are subject to vesting over an 18-month period, are exercisable at $0.20 per common share and expire in 20 months on March 15, 2010. This grant of...
Longview Capital Partners Incorporated("Longview") (TSX: LV) issues this press release pursuant to Section 111 ofthe Securities Act British Columbia, Section 141 of the Securities ActAlberta and Section 101 of the Securities Act Ontario with respect toPacific Coast Nickel Corp. ("NKL") Pursuant to a single trade conducted on the TSX Venture...
Holzer Holzer & Fistel, LLC has filed a classaction lawsuit in the United States District Court for the Middle Districtof Tennessee on behalf of purchasers of Healthways, Inc. ("Healthways" orthe "Company") (NASDAQ: HWAY) common stock during the period betweenOctober 17, 2007 and February 26, 2008, inclusive (the "Class Period"), andthe...
Peerless Systems Corporation (NASDAQ: PRLS)today announced that the Company's Board of Directors authorized therepurchase of up to 2.0 million shares of common stock, in accordance witha written plan adopted pursuant to Rule 10b5-1 under the SecuritiesExchange Act of 1934, as amended. Chairman of the Board Timothy E. Brog said, "This...
Chaparral Energy's two decades as a private company will come to an end later this year when its reverse merger with Edge Petroleum of Houston is finalized. Pending regulatory approval and approval of Edge shareholders, the combined company will have the Chaparral Energy name and will be...
Hunt Gold Corporation (PINKSHEETS: HGLC)confirms that the Company has agreed the terms of the sale of its "AmericanMolygold" Mining & Exploration interests. The proceeds from the sale of these "Molygold" interests are to beimmediately upon the Company's receipt; be utilized to effect a substantialshare buyback of the Company's "free float"...
MASSBANK Corp. ("MASSBANK") (NASDAQ: MASB)announced today that its stockholders had approved the merger agreement bywhich Eastern Bank Corporation will acquire MASSBANK. The agreement wasapproved by holders of in excess of 77% of MASSBANK's outstanding shares ofcommon stock at a special meeting held yesterday for that purpose. Completion of the...
BEDFORD, Mass. -- Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services to financial institutions, active traders and individual investors, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of Interactive Data common stock payable...
* Dramatically Increased Size and Scale * Equity Purchase Price of Approximately $10 Billion or $128 Per Alpha Share * Pro Forma Enterprise Value of Over $22 Billion CLEVELAND & ABINGDON, Va. -- Cleveland-Cliffs Inc (NYSE: CLF) and Alpha Natural Resources, Inc. (NYSE: ANR)...
Attorney Advertising. Prior Results Do NotGuarantee a Similar Outcome. The law firm of Milberg LLP ("Milberg")announced today that it has filed a lawsuit in the United States DistrictCourt for the Central District of California against MRV Communications,Inc. ("MRV" or the "Company") (NASDAQ: MRVC) and certain of MRV's officersand directors...
Lonestar Capital Corporation (TSX VENTURE: LON.P) ("Lonestar" or the "Company"), a capital pool company listed on the TSX Venture Exchange (the "Exchange"), is pleased to announce that it has entered into agreements to acquire two leading California solar companies (the "Acquisitions"). It is anticipated that the Acquisitions will constitute the...
CHICAGO -- uBid.com Holdings, Inc. (OTCBB: UBHI), the leading asset recovery solutions company for the world's most trusted brands, today announced that it has entered into a $10 million common stock purchase agreement with Fusion Capital Fund II, LLC, a Chicago-based institutional investor. Up to $10 million of...
NEW YORK -- MSCI Inc. (NYSE: MXB) announced today that the secondary offering of 23,000,000 shares of its class A common stock by Morgan Stanley was priced at a public offering price of $32.00 per share. The secondary offering is pursuant to a Registration Statement on Form S-1 filed with...
HARTSVILLE, S.C. -- The Board of Directors of Sonoco (NYSE: SON) today declared a regular quarterly dividend of $.27 per common share. This 333rd consecutive quarterly dividend will be payable September 10, 2008, to shareholders of record as of August 15, 2008. About Sonoco Founded in...
