Occidental Petroleum Corp shareholders in a vote on Friday ousted Chairman Ray Irani after more than two decades of leading the oil company.
NEW YORK, May 3- If there is a stock market superhero these days, it is the humble dividend. The companies in the Standard& Poor's 500 Index doled out a record $281.5 billion in dividends in 2012, and payouts in 2013 are slated to rise even higher.
NEW YORK, May 3- If there is a stock market superhero these days, it is the humble dividend. doled out a record $281.5 billion in dividends in 2012, and payouts in 2013 are slated to rise even higher. Investors adore them: Dividend-paying companies best nonpayers by 8 percent a year in total returns, according to Ned Davis Research Group.
*SandRidge shares are down 20 percent this year. *SandRidge reports Q1 results May 7. While natural gas prices have risen from last year's 10- year lows, they remain depressed, adding pressure to SandRidge and peers like Chesapeake Energy Corp and Hess Corp to cut costs and improve well efficiency.
NEW YORK, May 2- Shares in ING U.S. Inc rose nearly 6 percent in their New York Stock Exchange debut on Thursday following its spin-off by Dutch financial services company ING Group via a $1.3 billion initial public offering.
NEW YORK, May 2- Shares in ING U.S. Inc rose nearly 6 percent in their New York Stock Exchange debut on Thursday following its spin-off by Dutch financial services company ING Group via a $1.3 billion initial public offering.
May 2- Shares of ING U.S. Inc were up slightly in their New York Stock Exchange debut on Thursday after opening down 1 percent. Shares exchanged hands at $20.10 in late-morning trading after opening at $19.45 as the company, an affiliate of Dutch financial services company ING Groep NV, raised $1.3 billion in its initial public offering.
*Fund wants Tim Hortons to create REIT for property assets. TORONTO/ NEW YORK, May 1- Highfields Capital, a U.S. hedge fund agitating for change at Tim Hortons Inc, may have a hard time convincing institutional investors that the chain that says it sells eight out of every 10 cups of coffee in Canada needs a wake-up call.
HOFFMAN ESTATES, Ill., May 1- Sears Holdings Corp Chairman and Chief Executive Eddie Lampert used the retailer's annual meeting on Wednesday to reassure investors that he planned to build on the foundation laid by the former CEO to turn around the retailer.
HOFFMAN ESTATES, Ill., May 1- Sears Holdings Corp. Some on Wall Street saw D'Ambrosio's departure as adding to Sears' risks, and pointed to his lack of retail sales experience just as the company is trying to turn around its core Sears and Kmart chains.
May 1- Loblaw Cos Ltd, Canada's largest food retailer, said it would soon announce more actions in the wake of the collapse of a building in Bangladesh where some of its "Joe Fresh" garments were manufactured. More than 400 people died in the collapse of the illegally constructed building in Dhaka, which housed a number of apparel factories.
*Fund wants Tim Hortons to create REIT for property assets. TORONTO/ NEW YORK, May 1- Highfields Capital, a U.S. hedge fund agitating for change at coffee shop chain Tim Hortons Inc, faces a difficult task in trying to persuade long-term institutional investors of the merits of its plan to shake up the Canadian company.
April 30- DreamWorks Animation SKG Inc reported better-than-expected quarterly results, riding on the worldwide success of its animated film, "The Croods", sending its shares up 9 percent in trading after the bell.
April 30- DreamWorks Animation SKG Inc reported better-than-expected quarterly results, riding on the worldwide success of its animated film, "The Croods", sending its shares up 9 percent in trading after the bell.
WELLINGTON, May 1- Following are some of the lead stories from New Zealand metropolitan newspapers on Wednesday. Turners& Growers abandons appeal: Turners& Growers'.
*Actavis would take Valeant outside its area of expertise. WINNIPEG/ NEW YORK, April 30- After five years and some 60 deals that have turned Valeant Pharmaceuticals International Inc into a stock market darling with a market capitalization of $22 billion, Chief Executive Michael Pearson still has some surprises up his sleeve.
April 30- Aetna Inc on Tuesday reported a first-quarter profit that beat analyst expectations as customers used medical services lightly and revenue in the health insurer's Medicare and Medicaid businesses rose 7 percent due to higher premiums. It also added in the negative effects of government cuts to payments for the Medicare health plan for the elderly.
April 29- Occidental Petroleum Corp said Chief Executive Steve Chazen would continue in his role through 2014 with the full support of the board, reducing uncertainty surrounding its CEO succession plans.
CHICAGO, April 30 Fitch Ratings has taken various rating actions on Dean Foods Co. and Dean Holding Co.. --7.0% senior unsecured notes due June 1, 2016 at' BB-';. --9.75% senior unsecured notes due Dec. 15, 2018 at' BB-'.
*Berkshire Hathaway annual meeting set for May 4. April 30- Warren Buffett may be on safari for major acquisitions, which he likes to call elephants, but shareholders may wonder if his Berkshire Hathaway Inc has become the biggest elephant in the room.