NEW YORK— Visa Inc. said its fiscal third-quarter profit jumped 25 percent, helped by a double-digit rise in payments processed on its network. The San Francisco- based payment processing company earned $1.7 billion after payments to preferred shareholders, compared to a profit of $1.36 billion a year earlier. On a per share basis, the bank earned 69 cents per...» Read More
TOKYO, May 11- Japan's Sharp Corp said it was considering a capital reduction and preferred share issuance, wiping nearly a third off its market value at one stage on Monday as investors reeled from the severity of its distress after years of losses. A person familiar with the matter said the electronics manufacturer is planning to slash its capital from more...
RIO DE JANEIRO, April 27- Telefonica Brasil SA said on Monday its board had approved a share offering priced at 47 reais for preferred shares and 38.47 reais for commons shares, as the company raises funds to buy broadband provider GVT.
NEW YORK, March 11- Morgan Stanley withdrew a proposal to repurchase $4.9 billion worth of trust preferred securities in order to get approval from the U.S. Morgan Stanley's capital plan originally included buying back those hybrid securities, as well as the dividend increase and common stock buyback that it announced on Wednesday, said the person, who was not...
NEW YORK, March 11- Big U.S. banks, including JPMorgan Chase& Co and Citigroup Inc, are expected to win Federal Reserve backing on Wednesday to buy back more shares and increase their dividends in the coming year, but the approvals may be as much about the institutions' financial engineering as any improvement in their health. Issuing preferred shares to pay for...
RIO DE JANEIRO, Feb 13- The board of Brazil's Usiminas on Friday blocked the release of fourth-quarter results, as the steelmaker reels from the departure of its previous chief executive over bookkeeping concerns that sparked a battle between controlling shareholders. Following Usiminas' announcement, the company's preferred shares fell 4 percent in early...
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David Einhorn reiterated his arguments that a judge should block a shareholder vote on Apple's proposal to eliminate its ability to issue preferred shares without investor approval.
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Andrew Tonner, Technology and Media Financial Editor at The Motley Fool tells you why Apple is the most misunderstood stock.
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