This paper proposes a theory of corporate liquidity demand and provides new evidence on corporate cash policies. Firms have access to valuable investment opportunities, but potentially cannot fund them with the use of external finance. Firms that are financially unconstrained can undertake all positive NPV projects regardless of their cash...
Bruce Kelly When the Federal Reserve cut a key lending rate by 25 basis points last week, global investors were left expecting - and wanting - more. Fed Chairman Alan Greenspan had hinted at cuts in his September testimony before the Senate Banking CoBruce Kelly ...
FOOD AND BEVERAGE CLOSE-UP-8 June 2009-The Great Atlantic & Pacific Tea Company Announces Cash SettlementC2008 - CloseUpMedia - newsdesk@closeupmedia.com The Great Atlantic & Pacific Tea Company announced it settled in cash totaling $45.7 million, the 4,657,378 Series A Warrants, issued in connection with the acquisition...
GBS Gold International Inc. (TSX: GBS) ("GBS Gold" or the "Company") provides the following preliminary results of its internal business review. Operations Review As previously announced, GBS Gold's new management team recently commenced a detailed review of the Company's operations, internal growth projects and financing requirements. The review is focused...
Cupertino accountant Richard Smith wants to buy a few bank- repossessed houses in Antioch and Brentwood priced at about $200,000 and rent them out. He can make down payments of about 30 percent, and can afford the mortgage payments. But he can't find a bank who will make him the...
Parlay Entertainment Inc. (TSX VENTURE: PEI), the world's leading supplier of Internet and TV bingo software solutions, today announced its results for the three and six-month periods ended June 30, 2008. "In Q2 2008, we consummated a Divestiture transaction which had a positive impact on both revenue and cash flow...
GARDEN CITY, N.Y. -- Proginet Corporation [OTCBB: PRGF], a world leader in multi-platform file transfer solutions, today announced preliminary unaudited financial results for the fiscal year ended July 31, 2008. Proginet expects that total revenues for the year will amount to $7.6 million, compared to total revenues of $9.4 million...
DELAWARE, Ohio, Aug. 26 /PRNewswire-FirstCall/ -- The Board of Directors of Greif, Inc. (NYSE: GEF; GEF.B) today declared quarterly cash dividends of $0.38 per share of Class A Common Stock and $0.57 per share of Class B Common Stock. The dividends are payable on Oct. 1, 2008,...
The King Puts Money Back in Customers' Pockets with New BK[TM] Value Menu Items MIAMI -- Burger King Corp. (NYSE:BKC) announced today a new series of television advertising spots that feature the newest additions to the BK[TM] Value Menu, the Cheesy Bacon BK WRAPPER[TM] and the Spicy Chicken...
$1.25 Per Share Dividend Plus $0.13 Regular Quarterly Dividend SIOUX FALLS, S.D., Aug. 26 /PRNewswire-FirstCall/ -- Raven Industries, Inc. announced that its board of directors, noting the company's strong cash position, today approved a special one-time cash dividend of $1.25 per share and the regular third...
EDEN PRAIRIE, Minn., Aug. 26 /PRNewswire-FirstCall/ -- MTS Systems Corporation today announced that its Board of Directors has declared a cash dividend as follows: (Logo: http://www.newscom.com/cgi-bin/prnh/20020430/MTSCLOGO) Amount: $0.15 Record Date: September 15, 2008 ...
HudBay Minerals Inc. ("HudBay")(TSX: HBM) and Skye Resources Inc. ("Skye")(TSX: SKR) are pleased to announce that the business combination between the two companies has been completed. "We are very excited at the prospects for the combined company," said Allen Palmiere, President and CEO of HudBay. "The completion of this transaction...
Mechelen, Belgium and Cambridge, UK; 26 August 2008 - Galapagos NV(Euronext: GLPG) and Sareum Holdings plc (AIM: SAR) announce todaythat Galapagos has acquired Sareum's assets in drug discoveryservices, for a total cash consideration ...
Company anticipates strong sales growth from existing and new agreements beginning in the 4th quarter PALM DESERT, Calif., Aug. 26 /PRNewswire-FirstCall/ -- Spare Backup, Inc. (BULLETIN BOARD: SPBU) announced today that the vast majority of its short term debt, due in November, has been extended...
CHICAGO -- Zacks Equity Research highlights Celanese Corporation (NYSE: CE) as the Bull of the Day and Hibbett Sports (Nasdaq: HIBB) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on CryoLife, Inc. (NYSE: CRY), Alpharma, Inc. (NYSE: ALO) and Ferrellgas Partners (NYSE: FGP). ...
OAK BROOK, IL, Aug. 25 /PRNewswire-FirstCall/ -- Primary Energy Recycling Corporation (TSX: PRI.UN) (the "Company") announced today that after evaluating the Company's liquidity position, it has determined that its current cash on hand of $14.4EeAamillion (at July 31, 2008) plus anticipated proceeds from operations are expected to be adequate...
Service-now.com FY 2008 Facts(year end June 30, 2008) -- Revenue grew 389 percent. -- Cash flow positive. -- Eighty five new customers selected Service-now.com in FY 2008, including JuniperNetworks, Progress Energy , and Orrick. -- The majority of new Service-now.com customers in FY 2008 are formercustomers of BMC...
Highlights * Revenue for the first six months of 2008 increased to $98.1 million, up 37% from the same period in the prior year * Net income for the first six months of 2008 increased to $9.1 million, up 18.6% from the same period in the...
ROME AFP — Germany's Lufthansa is the airline in talks with Alitalia over a partnership deal aimed at saving the cash-strapped Italian national airline from bankruptcy, a report said Saturday. "There is no longer any doubt on the foreign partner: Lufthansa is in pole position to sign an...
LOS ANGELES, Aug. 22 /PRNewswire/ -- Vista Partners announced today that it has updated its coverage on Orbit International Corp. following the release of Orbit's second quarter earnings. Vista Partners issued a target price on Orbit of $8.80. Ross Silver, Director of Research of Vista Partners stated,...
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