Online brokerage optionsXpress Holdings Inc. said it will return about $259 million to shareholders as special dividend payout in the absence of “value-creating” acquisition opportunities. Get the full story »
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Fannie, Freddie may need another $215 billion
The cost for the huge government bailouts of housing finance giants Fannie Mae and Freddie Mac will grow — and possibly more than double to $363 billion — over the next three years.
But the taxpayer loss depends mainly on the health of the economy and the real estate market, a federal regulator said Thursday. Get the full story »
Study says bank bailouts profitable for U.S.
A government program to bail out banks at the height of the financial crisis has so far turned a profit, according to a report by investment bank Keefe, Bruyette & Woods Inc. The Capital Purchase Program, part of the $700 billion Troubled Asset Relief Program, has generated an average return of 10 percent on the initial investment in 61 banks that have fully repaid the aid, said the report, issued on Wednesday. Get the full story »
Ford to repay $4 billion more in debt
Ford Motor Co., the only Detroit automaker to avoid bankruptcy protection, said Wednesday it will reduce its huge debt by another $4 billion as it continues to show signs of financial strength. The Dearborn, Mich., automaker will pay $3.8 billion in cash to a United Auto Workers trust fund that pays retiree health care bills, and it will pay out $255 million in dividends on preferred securities that had been deferred as the automaker worked its way through financial troubles.
Supervalu to buy back $70 mln shares
Supermarket operator Supervalu Inc. said on Thursday it will buy back up to $70 million of its common shares through June 30, 2011.
The operator of Albertsons, Jewel-Osco and Shaw’s stores also declared a regular quarterly dividend of $0.0875 a share.
The dividend will be paid on Sept. 15 to stockholders of record on Sept. 1.
May 26, 2010 at 2:26 p.m.
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Filed under: Deere to raise dividend 7 percent
By Mary Ellen Podmolik | Deere & Co. announced plans to raise its dividend 7 percent, to 30 cents a share. The Moline-based company said the higher dividend would be paid Aug. 2 to shareholders of record June 30.
