Shareholders

AIG to Webcast Annual Meeting of Shareholders on Wednesday, May 14 at 11:00 A.M. NEW YORK, May 12, 2008 (BUSINESS WIRE) — The Annual Meeting of Shareholders of American International Group, Inc. (AIG) will be broadcast live on the Internet at on Wednesday, May 14, 2008 at 11:00 a.m. EDT. It should be noted that the remarks made [...]

Rupert Murdoch of News Corp (NWS) pulled his $580 million bid for large Long Island paper "Newsday" currently owned by The Tribune Company. Cablevision (CVC),... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Yahoo shareholders may seek to oust CEO  - SAN FRANCISCO   SAN FRANCISCO - YAHOO shareholders are so mad about the company’s failure to cut a deal with Microsoft that several have said they will consider a proxy fight to oust chief executive officer (CEO) Jerry Yang and the board of directors if that will bring the [...]

PetroVietnam Tourism and Technical Company (PTSC) ’s shareholders passed a business plan for 2008 at its annual shareholder meeting. Under the plan, PTSC projects to earn a net revenue of VND6.5 trillion($406 million), an after-tax profit of VND300 billion and a dividend payment of 15% or an increase of 1 per cent... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

ArvinMeritor’s board of directors has approved a plan to spin off its Light Vehicle Systems (LVS) business to ArvinMeritor shareholders, with the Commercial Vehicle Systems (CVS) business remaining with ArvinMeritor.Read more...

Shareholders at the annual meeting of Sai Gon Telecommunication and Technologies Corporation (SaigonTel) have agreed to finance targets of VND1.6 trillion, after-tax profits of VND352.7 billion and a dividend ratio at 30%. In addition, Saigontel will continue investment in projects such as the expanded ICT Dai... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Microsoft Played Brilliantly, Handed Off Negotiations to Yahoo ShareholdersChad Brand submits: This Microsoft (MSFT), Yahoo (YHOO) story just can't get any more interesting. Now that MSFT has walked, what can we expect? Well, YHOO's management team look like fools, not only for misplaying their hand, but also for taking very lightly their fiduciary duty. Expect YHOO shareholders to revolt. I would not be at all surprised if YHOO is forced to do the deal, because the board really cannot say anything to shareholders that remotely convinces them that the company is worth $37 per share or more. When the market thinks you are worth about $20 and someone offers you $33, you take it. End of story.Complete Story » Link - Mon, 05 May 2008 23:43:44 GMT - Feed (1 subs) Sent

It’s only been a day since Microsoft Corp announced that it was withdrawing the proposal to acquire Yahoo! Inc, now today we see Yahoo’s Stock fall sharply, although this was expected. In the early trading today we could see Yahoo stock drop as much as 19 percent, but the current $23 is still more than [...]

Vietcombank's first shareholders' meeting was held in Hanoi on April 26 with the nomination of director board, supervision board for the term of 2008-2013, the approval on operation regulations, business orientation and plans in 2008. Accordingly, the bank's director board includes seven members and the supervision... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Vietcombank's shareholders voiced strong concerns about shrinking share prices in the bank's first general shareholders meeting on Saturday, putting management on the hot seat to explain the bank's shrinking assets during the first quarter of the year. In last December's initial public offering, the average winning... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Vietcombank, one the largest commercial bank in Viet Nam held its first General Shareholders' Meeting on April 26, 2008. For the first time the name Viet Nam Joint-stock Bank for Foreign Trade has ever appeared. The meeting marked a new stage of development for Vietnam's most hitorically rich commercial... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Mumbai, April 22 Reliance Power has obtained shareholders’ approval for the issue of bonus shares in the ratio of 3:5. The company would issue 13.68-crore bonus shares. None will be issued to the company’s Chairman, Mr Anil Ambani, and to other promoters of the company as they waived their entitlement to bonus shares. Reliance Power in January had entered the market with an IPO of Rs 11,700 crore, which was subscribed 72 times. And on listing, though the scrip opened at Rs 95 over its issue price of Rs 450, within minutes, the share price fell below its issue price. Shortly after this, Mr Anil Ambani announced the company’s decision to issue bonus shares to its shareholders, while the promoters themselves decided to waive their entitlement to the same. The company will announce se

UPDATE: Bank Of America Shareholders Wary Of Countrywide Deal Last Update: 4/23/2008 4:34:28 PM (Updates with shareholders’ reaction to Lewis’s statements in favor of a takeover, adds details of BAC’s future in mortgage lending and servicing, and of how the shareholders voted.) CHARLOTTE, N.C. (AP)–Beleaguered Bank of America Corp. (BAC) shareholders pleaded Wednesday with the bank’s chief executive not to proceed [...]

Whenever you happen to be an investor in the business world, one of the worst positions that you can find yourself in is the position where you are actually hoping for a loss. The reason that this is bad should be self-evident, but what is perhaps not as obvious is that the reason you [...]

The Bank for Foreign Trade of Viet Nam (Vietcombank) recently announced that it plans to hold first shareholders' meeting this year on April 26 at the National Conference Centre in Hanoi. The shareholders' meeting will discus on brief report on Vietcombank's equitisation process and pass the operation regulations,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The race of increasing chartered capital among joint stock commercial banks has raised a lot of wonders for the public when these lenders have poured billions of bank shares into the market in the context that the finance market is facing many difficulties. Up to the end of March, the country has total 33 urban joint... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

NCC (NCC) was one of those banks that decided the mortgage business was simply an outstanding way to make money. The price of homes and commercial buildings... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

This is a great read. I especially like the education on mining stock like Rio Tinto (RIO) and BH Billiton (BHP). Leucadia (LUK) is a great company. Read the full letter here. Disclosure ("none" means no position):None ↑ Grab this Headline Animator Visit the ValuePlays Bookstore for Great Investing Books This work is licensed under a Creative Commons Attribution 2.5 License. --> Enter your Email Preview | Powered by FeedBlitz Continued at Todd Sullivan's ValuePlays

Score One for Wamu ShareholdersThe bank backs down on a controversial pay proposal, says BW's Jena McGregor Link - Tue, 15 Apr 2008 16:18:00 GMT - Feed (2 subs) Sent using SendMeRss.com. Visit here to unsubscribe from "2-business" via X2 in Google. Recommended Feeds/Actions Subscribe MSNBC.com: U.S. News

Following on from Mark’s post earlier today about the Nokia Tube, a cellphone/handheld computer that’s aiming its targets at the Apple iPhone. We had a comment early today on PR that raises an interesting question about Apple’s rule over the high-end phone market. The reason Apple could rule this market is because the future of the [...]

The dividend paying season kicks off now. Unlike previous years’ shareholders’ meeting, where the dividends in shares were applauded, shareholders nowadays only want cash. Re-investment plan? No! The shareholders’ meeting of a construction company held late last week lasted an hour more than previously planned. The... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Washington Mutual (WM) may get $5 billion in much-need capital. It is an example of how financial companies bet on subprime mortgages which cut their share... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Shareholders of Fiditour Co have voted to approve a 2007 dividend of 16%, a full 33% higher than originally projected after Fiditour last year generated revenues of VND243 billion, 32% higher than the previous year’s figure. Dividends over the next five years were expected to range at 18-22% against annual growth of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Barry Diller and John Malone went after one another in court over whether Diller could get shareholders in IAC/Interactive (IACI) to approve breaking the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Tuong An Vegetable Oil Joint Stock Company announces the time, venue and contents of the annual shareholders meeting. * Time: From 8:00 April 24, 2008 * Venue: New World Hotel, 76 Le Lai Street, District 1, Ho Chi Minh City * Contents: o Inform of 2007 business result, 2007 financial statement and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Ha Long No. 1 Viglacera Joint Stock Company announces the resolution of shareholder meeting. * Article 1: Pass business result in 2007 o Revenue: VND36.975 billion, 16.2% higher than initial projection o Pretax profit: VND1.53 billion, 15.5% higher than initial projection o Dividend... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

HoSE announces the record date for annual shareholders’ meeting as follows: Name of the listed firm: Truong Thanh Furniture Corporation (TTFC) Stock symbol: TTF Stock type: Common stock Par value: VND10,000 Ex-right date: April 2nd 2008 Record date: April 4th 2008 Meeting time: April 26th 2008 Venue:... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Vietnam Petroleum Transport Joint Stock Company (VIPCO) has informed of holding an annual shareholders’ meeting as follows: · Meeting time: 8am, April 11th 2008 · Venue: 3rd floor, Sholega Trade Center, 275 Lach Tray, Hai Phong · Contents of the meeting: - Report on business result and financial statement in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Who can forget Ralph Witworth's ill timed foray into Home Depot (HD) and the carnage that ensued for shareholders. At least Sprint (S) seems to have learned from that history and gave his demands their due course, the garbage can. In February I begged Sprint's new CEO Dan Hesse to ignore Withworth's call to abandon the WiMax effort and spin off the long distance unit. New out today from the Journal says Comcast (CMCSA) and Time Warner Cable (TWC) are considering providing funding for a... Continued at Todd Sullivan's ValuePlays

The Viet Nam Securities Depository announces the record date for 2008 annual shareholders meeting of Song Da Investment - Development Joint Stock Company * Name of the listed firm: Song Da Investment - Development Joint Stock Company * Stock symbol: SIC * Stock type: Common share * Par value: VND10,000 ... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The Hanoi Securities Trading Center announces the record date for the annual shareholders meeting in 2008 of But Son Cement Joint Stock Company. * Company name: But Son Cement Joint Stock Company * Stock symbol: BTS * Stock type: Common stock * Par value: VND10,000 * Record date: April 2, 2008 *... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Saigon Maritime Joint Stock Co. Ltd (SHC) has informed of holding annual shareholders’ meeting 2008 as follows: Time: 13.00 pm March 28th 2008 Venue: Saigon port, 3 Nguyen Tat Thanh, Dist.4, HCMC. Contents of the meeting: Report of BOD and Supervisory Board on business situation in 2007 Financial report and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Tu Liem Urban Development Joint Stock Company (LIDECO) has informed of holding annual shareholders’ meeting as follows: Time: 7.30 am March 29th 2008 Venue: National Conference Center, Pham Hung Street, Tu Liem, Hanoi. Register for participation: before March 20th 2008 Tel: 04-7578606 (Ms Huong) Fax:... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The reality is no one knows what's going on. Neither the CEOs of the companies, the Fed, nor any of the Managing Directors know what's going to happen. Will people be fired? Yes. But no one knows how many, who, or when, and anyone else saying otherwise is simply spreading false rumors.

Let's face it. The $236 million sale of Bear Stearns at $2 per share to JPMorgan is a sham. Senior Executives, with stakes of over $100 million even at the reduced pre-sale market price of Bear shares, saw their life savings go up in smoke. So did the former James E. Cayne, the former Chief Executive, who holds 5.8 million shares which are now valued at $28 million, considering the current market

Prudential Balanced Fund 1 (PRUBF1) has informed of annual shareholders’ meeting as follows: Time: 13.30 pm – 17.30 pm March 28th 2008 (instead of March 15th 2008 at Hanoi and March 22nd 2008 at HCMC as informed) Venue: Hoa Binh opera house, No.14 3/2 Street, Ward 12, Dist.10, HCMC. Contents: +Report on financial... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

HoSE announces the details of the record date for Annual Shareholders’ Meeting in 2008 as follows: Name of the listed firm: Sucrerie De Bourbon Tay Ninh Short name: SBT Stock symbol: SBT Stock type: Common stock Par value: VND 10,000 Ex-right date: March 19th, 2008 Record date: March 21st, 2008 Meeting... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Campaign to Stop Killer Coke Update Coke Shareholders’ Meeting Mobilization — Proxies Needed!March 13, 2008 Stop Killer Coke Newsletter Contents of This Newsletter 1. Mobilization for Coca-Cola’s Annual Shareholders Meeting We are calling on all our supporters to mobilize for Coca-Cola’s annual shareholders’ meeting, which will be held on Wednesday, April 16th, starting at 10:30 a.m. The [...]

  Scripscan:Thomas Cook (India) LtdCmp:88Target:105Return expected:20%Duration:2-3 monthsStory:Thomas Cook Group plc has announced that it is acquiring up to 74.9% of the issued share capital in Thomas Cook India and 100% of Thomas Cook branded businesses in Egypt, as well as licences for the Thomas Cook brand in a total of 15 Middle East countries. Thomas Cook is purchasing the businesses from Dubai Financial Group LLC for total cash consideration of between €208 million and €249 million.Under the terms of the TCIL transaction, Thomas Cook has agreed through its UK subsidiary to acquire at least 61.8% and up to 74.9% of TCIL's share capital. In a private transaction with DFG Thomas Cook will acquire 54.9% of this for the equivalent of Rs 107 per TCIL share. Under local stoc

Scripscan:Thomas Cook (India) Ltd Cmp:88 Target:105 Return expected:20% Duration:2-3 months Story:Thomas Cook Group plc has announced that it is acquiring up to 74.9% of the issued share capital in Thomas Cook India and 100% of Thomas Cook branded businesses in Egypt, as well as licences for the Thomas Cook brand in a total of 15 Middle East countries. Thomas Cook is purchasing the businesses

Crocs made an announcement today that they do not sell Crocs branded products to Costco and they have no intentions to. The news reports have noted that other companies have sold Crocs to Costco in an indirect fashion. It looks like the stock dipped at bit at the end of the day and here is what [...]

An Article in the Hindustan Times of February 25, 2008 highlights that by announcing a 3:5 bonus to shareholders, less the promoters, of Reliance Power, Anil Ambani has given up Rs 5000 crores of his personal wealth to them! This paying of $1.2 billion ‘from his pocket’ is ostensibly to enable shareholders of Reliance Power to make up the losses that they suffered on the listing of this most sought after stock in what has been India’s biggest IPO so far. As a result of the bonus issue, the cost of each share will come down to Rs 269 for retail investors and Rs 281 for institutional investors, a 40 and 37 percent discount respectively from the IPO price that they had initially paid. Not willing to admit that he too allowed greed to overtake the business ethics expected from

From Bloomberg.com By Doug Alexander and Frederic Tomesco Feb. 13 (Bloomberg) — Montreal Exchange Inc. shareholders accepted a takeover offer by TSX Group Inc., bringing the owner of Canada’s derivatives market a step closer to combining with the Toronto Stock Exchange. Some 99.6 percent of shareholders voted in favor of the C$1.13 billion ($1.13 billion) cash and stock [...]

first off, thanks to calculated risk for bringing the letter to my attention.my initial reaction is that it’s fine for the CEO to be writing this letter and it’s at an important time the company history. many of the criticisms on calculated risk are defensible, particularly when they call into question the “awareness” of [...]

- Director Ye Tian Yun has increased his holdings in 8TELECOM INTERNATIONAL HOLDINGS CO LTD from 70.777% to 70.881% through open market purchase. - Substantial shareholder Poh Choo Bin has increased... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Altria's (MO) Phillip Morris USA received $1.2 billion in funds held in an escrow account under the bond stipulation in the Engle smoking and health class action in Florida today. PM USA also said that it will immediately seek the discharge of a $100 million appeal bond in the same case. $1.2 billion will repurchase a whole bunch of shares after the PMI spin is complete.  Subscribe in a reader Enter your Email Preview | Powered by FeedBlitz Continued at Todd Sullivan's ValuePlays

- Substantial shareholder Atorka Group hf has increased its stakes in Asia Environment Hldgs Ltd from 11.63% to 12.06%. - Substantial shareholder Deutsche Bank AG’s deemed interests in Food Empire... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

- Liberty Square Asset Management, LP has increased its stake in Banyan Tree Hldgs Ltd from 5.06% to 6.11%. - Substantial shareholder Lexdale International Limited’s interest in Noble Grp Ltd has... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

- Substantial shareholder Atorka Group hf’s interest in Asia Environment Hldgs Ltd has increased from 4.54% to 7.36%. - Substantial shareholder Screen Power Enterprises Ltd’s interest in C&O... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

- Substantial shareholder Chan Kern Miang’s interest in Adroit Innovations Limited has increased from 7.29 % to 11.19 %. - Substantial shareholder To Hau Yin’s interest in ECS Holdings Limited has... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

- Substantial shareholder Screen Power Enterprises Ltd’s interest in C&O Pharm Tech Ltd has increased from 53.93% to 53.95%. - Substantial Shareholder PT Tunggaladhi Baskara’s interest in PT... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Pardus Capital Management, which has taken a position in Delta (DAL), is going to push a merger with United (UAUA) by taking the proposal to other... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

- Substantial Shareholder Chan Kern Miang's deemed interest in Adroit Innovations Limited increased from 2.20% to 7.29% due to Right Issue. - Substantial Shareholder UBS AG's interest in Asia... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

AutoDesk (NASDAQ:ADSK) has posted non-GAAP EPS of $0.49 on revenues of $538 million, while First Call estimates were $0.47 EPS and $536.14 million in revenues.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

- Director Fan Kai Leung's deemed interest in Anwell Technologies Limited increased from 23.88% to 51.84% due to allotment of 694,943,890 shares to Tech Power Resources Co., Ltd., pursuant to the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Yesterday, shareholders of both Sirius and XM Radio approved the proposed $5 billion sale of XM Radio to Sirius.  I have reported on the merger news in the past, but yesterday the shareholders voted.  The proposed merger still needs the OK from the FCC and the Department of Justice.  As an XM-radio subscriber, I still think it is a bad idea, but I may be in the minority on this.  What are your thoughts on the proposed merger?  Feel free to post a comment.  See my previous posts:  Satellite Radio to Offer Different Plan Options, XM+Sirius Merger Thoughts from ZDNet, Sirius and XM To Merge.

- Substantial Shareholder Bain Corporation Pty Ltd's interest in Ausgroup Limited decreased from 6.57% to 5.31% due to placement to institutional Investors. - Substantial Shareholder Selat (Pte)... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Shareholders approved a deal Tuesday to allow Sirius Satellite Radio Inc. to acquire its rival XM Satellite Radio Holdings Inc. for about $5 billion, but the largest hurdle has yet to come regulatory approval in Washington.Shareholders of Sirius and XM had been widely expected to approve the deal, which would allow the companies to save costs on programming, acquiring subscribers and broadcasting. Shareholder advisory firms had already endorsed the deal.More difficult will be getting the deal approved in Washington, where the Department of Justice and the Federal Communications Commission must both give their blessing. Several consumer groups have opposed the combination, saying it would create a monopoly that could hurt consumers.

- Substantial Shareholder First Gulf Asia Holdings Limited reduced its deemed interest in Arianecorp Limited from 5.457% to 4.592% through market transaction. - Substantial Shareholder Value... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

- Director Barry Alfred Carson of AUSGROUP LIMITED has reduced his stake from 4.07% to 2.55% via placement to institutional investors. - Substantial shareholder Orange Capital, LLC has increased its... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Cyberonics (CYBX), a stock I picked back in February of this year, has been a terrible stock. I am sorry to say that I followed Carl Icahn into this name and came out very short. The only positive: it might help offset some of the capital gains, but thats no solace. The stock is at a 52-week low, so I am not sure if it makes sense to sell now or wait for a possible recovery or for the stock to get bought out. I leave it to your judgement.-- Faisal LaljeeFull Disclosure: I do not own CYBX, but my position can change anytime without notice.

- Substantial shareholder The Capital Group Companies, Inc. reduced stake in Banyan Tree Holdings Limited from 10.797% to 9.997% via open market sales. - Substantial shareholder for Digiland... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

- Value Partners Ltd reduced stake in Asia Dekor Holdings Ltd from 6.89% to 5.94% through sales in the open market. - Substantial shareholder Yeo Seng Chong increased holdings of Aussino Group Ltd... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Chief Justice John Roberts Supreme Court has elected to increase it's review of punitive damages against corporations by hearing an appeal of a $2.5 billion award against Exxon Mobil (XOM) over the 1989 Valdez oil spill in Alaska. Altria (MO) shareholders ought to be very interested. The award against Exxon, the largest ever by a U.S. federal court is the final major litigation left from the Valdez oil spill. To date Exxon has paid more than $3.4 billion in claims and fines tied to the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

In a lawsuit filed Monday in Los Angeles Superior Court, a pension fund accused CEO Angelo Mozilo and many other Countrywide executives of gross mismanagement for improperly using $2 billion in cash to repurchase stock. The New England Teamsters & Trucking Industry Pension Fund claims Countrywide executives pocketed hefty gains by artificially inflating the lender’s stock [...]

NutriSystem, Inc. (NASDAQ:NTRI) has lowered expectations for its preliminary financial results for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Would you reinvest in a bank that had credit problems, and had borrowed up to three billion pounds from the last-resort fund, Bank of England, because there is a possibility there might be a management change? Northern Rock has swiftly changed its stance, and reneged on its promise of a 59 million pound dividend payout to [...]

Clearwire Corporation (NASDAQ:CLWR) had a filing after Friday's close showing shareholder selling... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Taro and Sun possible merger to be discussed with fresh Taro financial results Israeli multinational company Taro Pharmaceutical Industries has been proposed to merge with India-based, Sun Pharmaceutical Industries. Many Taro shareholders expressed their desire to meet only when Q1 & Q2 financial results are available, which is why previously scheduled conference for September 25 is postponed for late October or November. Audited financial statements for 2006 and unaudited financial statements for Q1 & Q2 2007 are expected for September 2007. Source: Taro Pharmaceutical Industries

Corporate managers and shareholders can sometimes find themselves in a conflict of interest. The goal of being a good manager is being able to spot these potential conflicts and to remedy the situation before a serious problem arises. The biggest conflict between managers and shareholders is going to be money. Here is the most common scenario. A corporation is profitable. In fact, the corporation is more profitable than expected. Therefore, the corporation has a cash surplus, if you will. Managers would want this money as a financial bonus and the shareholders would want this money as a stock dividend. What to do? What to do?Mangers will argue that without their leadership and managerial ability, the corporation would not have been as profitable. The shareholders will argue that without their money, the corporation would not have been able to invest in its growth, and therefore, would not have reached that level of prosperity. Who should get the money?Another situation arise

A shareholders meeting of the Caspian Pipeline Consortium yesterday rejected all proposals made by Transneft, which represents the Russian package of shares in the CPC. Not even Kazakhstan was satisfied by Transneft Finance head Murod Mukhamedzhanov's proposal to restructure CPC debt by raising fees higher than the previously stipulated $38 per ton pumped and issuing Eurobonds for $5 billion. Transneft may making firmed statements today.Mukhamedzhanov has already said that rejecting his proposal threatens the CPC with bankruptcy. Transneft Left Out of the Consortium The two-day CPC shareholders meeting began today at the Marriott Grand Hotel in Moscow. The CPC is the only private trunk pipeline in Russia.It connects oil deposits in Kazakhstan with ports in Novorossiisk. The shareholders meeting reached a dead end on its first day. Transneft, which took over management of the 24 percent of CPC stock in the possession of the Federal Property Management Fund (Rosimushchestvo) only last

A shareholders meeting of the Caspian Pipeline Consortium yesterday rejected all proposals made by Transneft, which represents the Russian package of shares in the CPC. Not even Kazakhstan was satisfied by Transneft Finance head Murod Mukhamedzhanov's proposal to restructure CPC debt by raising fees higher than the previously stipulated $38 per ton pumped and issuing Eurobonds for $5 billion. Transneft may making firmed statements today.Mukhamedzhanov has already said that rejecting his proposal threatens the CPC with bankruptcy. Transneft Left Out of the Consortium The two-day CPC shareholders meeting began today at the Marriott Grand Hotel in Moscow. The CPC is the only private trunk pipeline in Russia.It connects oil deposits in Kazakhstan with ports in Novorossiisk. The shareholders meeting reached a dead end on its first day. Transneft, which took over management of the 24 percent of CPC stock in the possession of the Federal Property Management Fund (Rosimushchestvo) only last

Finally, Blockbuster (BBI) gives investors a reason to smile. In a Carl Icahn lead revolt, John Antioco was finally fired as chief executive officer and chairman of Blockbuster on Monday, ending a tenure that was highly criticized from the billionaire investor who owns 9.6% of the outstanding shares. Antioco's leadership was marked by company shares plummeting 82.9% over the past five years. James Keyes, who will replace Antioco previously served as president and chief executive of 7-Eleven.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Apple stock dropped 2.2% today in mid-afternoon trading as Engadget published news based on a faked e-mail inside Apple. 'Apparently an internal memo was sent to several Apple employees--and forwarded to Engadget--around 9am CT today saying that Apple issued a press release with the news that the iPhone was now scheduled for October, and Leopard was delayed until January. About an hour and a half after that e-mail went out, a second e-mail was sent--this time officially from Apple--saying the first e-mail was a fake, and that the delivery schedule for the iPhone and Leopard had not changed.

Plaintiffs say it must choose: Help Wall Street or Enron victims by KRISTEN HAYS Plaintiffs whose massive Enron shareholder lawsuit was sidelined by an appeals court ruling in March want the Securities and Exchange Commission to support their fight to bring it to trial. William Lerach, who represents the Regents of the University of California, the lead plaintiff, said Tuesday that the SEC's

Plaintiffs say it must choose: Help Wall Street or Enron victims by KRISTEN HAYS Plaintiffs whose massive Enron shareholder lawsuit was sidelined by an appeals court ruling in March want the Securities and Exchange Commission to support their fight to bring it to trial. William Lerach, who represents the Regents of the University of California, the lead plaintiff, said Tuesday that the SEC's

CQ.com: House Passes Bill Allowing Shareholders to Vote on Executive PayExcerpt:"Shareholders of publicly traded companies would be allowed to cast nonbinding votes on compensation packages for top executives under legislation the House passed 269-134 today.The Senate, as yet, has no companion bill, and the White House opposes the measure (HR 1257).Supporters highlighted the great increase in total compensation for top corporate executives in recent years and the growing disparity with workers’ salaries. They said shareholders should have a guaranteed mechanism for expressing their views of the contracts that in total can be worth tens of millions of dollars or more."http://public.cq.com/docs/cqm/cqmidday110-000002494473.htmlAlex

Halliburton said Tuesday that the response to its offer to exchange its shares for those of KBR was so overwhelming, it would be able to accept only about 40 percent of the tendered Halliburton...

Reliance Industries Ltd has informed BSE that pursuant to the order made by the Hon’ble High Court of Judicature at Bombay, separate meeting of the Equity Shareholders, Secured Creditors (including Debentureholders) & Unsecured Creditors of the Company will be held on April 21, 2007, for the purpose of considering and, if thought fit, approving with or without modification(s), the Scheme of Amalgamation of Indian Petrochemicals Corporation Ltd with the Company. 52 week chart of RIL is shown below

"I got the best deal that was available," Patrick Lynch, RI Attorney General commenting on Lead Paint settlement with DuPont “What makes this announcement so gratifying is that this money will go straight to cleaning up the mess". Lynch commenting to press at announcement "Just.....follow the money" Deep Throat, All The President's Men Have you ever turned over a compost pile? The more you dig and the deeper you get into it, the more it smells. I am getting the same whiff as I dig deeper into the Rhode Island Lead Paint litigation. The first trail against lead paint manufacturers ended in a hung jury in 2002, before the start of the second trial, Patrick Lynch, Rhode Island’s Attorney General, announced that he settled the State’s claims against the DuPont Co. Interestingly,however, it appears that the settlement may not be a ‘‘settlement.’’ Both Lynch and DuPont (DD ) say the deal was not a legal settlement but simply an agreement. Because it is not a settlem

I will have more on this next week. Here is the summary from the DOW website. MIDLAND, Mich., March 23 /PRNewswire-FirstCall/ -- In his annual letter to shareholders, Andrew Liveris, chairman and chief executive officer of The Dow Chemical Company, summed up 2006 as "a very good year." And he underscored the Company's commitment to a transformational growth strategy, focused on reshaping its integrated business portfolio in order to enhance its earnings profile. In his letter, headlined 'Strong today. Stronger tomorrow', Liveris said: "Although our 2006 performance represents an important milestone for our Company, we believe 2007 will be even more significant." In 2006, Dow reported record sales of $49 billion, the second highest earnings in the company's history, a 12% increase in the dividend, the repurchase of more than 18 million shares and the approval of an additional $2 billion in share buy-backs. Commenting on Dow's future, Liveris said: "We have the right strategy.

between...Buffett seeks a 'New Buffett' In annual report released Thursday, the world's greatest investor says he's looking for an understudy - job-hoppers and money-grubbers need not apply.Picking the right person to hire on the investment side will not be easy, Buffett says. "We need someone genetically programmed," he specifies, "to avoid serious risks, including those never before encountered." Other talents he will be looking for, he says, are "independent thinking, emotional stability, and a keen understanding of both human and institutional behavior."Thanks for lessons Warren !keyword: Warren Buffett

New York City, New York (CaymanMama.com) --CNN reported that many Yahoo shareholders have announced that they are not satisfied with the ways that Yahoo negotiated with Microsoft. Yahoo has provided a time up to May 15 to the shareholders to select an alternate board of directors prior to its holding ...