Amvescap cuts interim dividend by half
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Anglo-US fund firm Amvescap has announced a 50 percent cut to its interim dividend but says it plans to return to a progressive dividend policy for 2005 onwards.
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Ambac Financial Group Inc  on Tuesday reported a quarterly loss of $3.3 billion after recording massive credit derivative write-downs but its shares surged after the bond insurer said it could be close to raising much-needed new capital.
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Financial service group Fortis has  moved to sell almost all of its remaining 36 percent stake in  Assurant, worth about $1.55 billion, after floating the U.S.  insurer nearly a year ago.
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CVS Corp.  sweetened its bid for Caremark Rx Inc.  on Tuesday by tripling a proposed special cash dividend for the pharmacy benefit manager's stockholders to $6 per share, after proxy advisory firms urged rejection of the previous offer.
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BURNABY, BC (CP) - Major unitholders of the Gateway Casinos Income Fund are selling half their controlling stake in one of Western Canada&#39;s biggest casino operators.
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RICHMOND, Va., Jan. 31  /PRNewswire-FirstCall/ -- The Board of Directors of Media General  today increased the company's quarterly dividend by 5 percent from 22 cents per common share to 23 cents per common share.
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Carlyle Capital Corporation Ltd (CCC) has cut the price of a planned initial public offering, its chief executive said on Thursday, blaming market "headwinds".
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For the second time in about a week the investor sold shares, this time at a loss, cutting his stake in half.
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After breakneck increases in its stock price, Apple recently initiated a 2-for-1 stock split. The move will reduce the existing stock value by 50%, with each shareholder receiving an extra share. For investors, the move is another positive devel...
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Amaranth Advisors LLC, a hedge-fund manager with about $9.5 billion in assets, told investors its two main funds fell an estimated 50 percent this month because of a plunge in natural-gas prices.
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MIDLAND, Mich., Dec. 14  /PRNewswire-FirstCall/ -- The Dow Chemical Company , has declared a dividend of 37.5 cents per share, payable January 30, 2007, to shareholders of record on December 29, 2006.  This is the 381st consecutive cash dividend issued by Dow.
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Bond insurer Ambac Financial Group Inc   on Tuesday reported a quarterly loss of $3.3 billion  after credit derivative losses totaling $5.2 billion.
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Three former employees at fund manager Amvescap yesterday agreed to pay penalties totalling $3.34m (Â£1.9m) to settle charges relating to the US mutual funds scandal.
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Belgian-Dutch banking and insurance group Fortis said it planned to cut its 36-percent stake in its separately listed US unit Assurant, generating a gain of more than 800 million dollars (595 million euros).
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The company scrapped its dividend after posting a net loss of 3.5 billion euros ($5.12 billion) for the year, including a huge charge in the 4th quarter to reflect a drop in value of Lucentâs mobile assets.
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Shares of teen retailer Wet Seal (Nasdaq: WTSLA) lost half their value today after the company posted a much-deeper-than-anticipated loss.
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Extra Space Storage Inc. announced Thursday that its board of directors has declared a quarterly dividend of 22.75 cents per share on the company's common stock.  The dividend is payable March 30 to stockholders of record at the close of business on March 15.