shareholders

Facebook introduces dual-class stock structure to supply owners’ voting control

November 25, 2009 - 3:31am | News | Other themes

Facebook announced Tuesday it has established a dual-class stock structure targeting to ensure voting control by existing owners. However, the social networking company doesn’t intend to go public.

According to analyst’s opinion, the move is unsurprising, as Facebook has in some ways been modeling itself on Google, which long ago went to a dual-class structure.

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Bank of America "stands ready to litigate" if SEC settlement is turned down

September 10, 2009 - 12:59am | Law aspects | News

Bank of America Corp and the U.S. Securities and Exchange Commission on Wednesday made a third attempt to persuade a skeptical judge to approve their settlement over Merrill Lynch & Co bonuses. But experts said they may not have done enough.

The largest U.S. bank separately rejected allegations brought Tuesday by New York Attorney General Andrew Cuomo that it is hiding behind attorney-client privilege as a defense for its decisions over Merrill.

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Bing to challenge Google under new Yahoo-Microsoft deal

July 29, 2009 - 2:31am | News | Other themes

According to the sources familiar with the matter, Microsoft Corp and Yahoo Inc have agreed to an online search and advertising cooperation, in an attempt to rival Google Inc, that will be announced within 24 hours. Microsoft will not pay an upfront fee to Yahoo, and the focus of the deal is on sharing revenue between the two companies.

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Western Union re-elects board members

May 14, 2009 - 2:52am | News | Other themes

This week Western Union hosted the third annual stockholders’ meeting. At the meeting President and Chief Executive Officer Christina Gold reiterated the company’s strategy and emphasized its commitment to delivering value to shareholders.

About 89.54% of the shares entitled to vote were represented at the meeting in person or proxy. All voting results are preliminary. The stockholders voted to re-elect Roberto G.

money transfer | payments | remittance | shareholders | Western Union

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SEC to apply its ‘enforcement responsibilities with vigor and vigilance’ to BofA

April 14, 2009 - 4:56am | Banks and internet banks | News

As the Financial Times reported, the U.S. Securities and Exchange Commission is reviewing if BofA broke federal securities law. That happened when it failed to disclose to shareholders Merrill Lynch's plan to pay $3.62 billion in bonuses before they voted for the merger of the banks.

However, Bank of America stated last week "we believe we made the appropriate and legal disclosures in the materials available to shareholders" before the meeting.

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Credit unions vs. banks. Your choice!

March 26, 2009 - 12:16am | Analytics | Articles

With over 90 million members nationwide, U.S. credit unions have become an excellent alternative to banks. First of all, they offer similar products and services as banks. Then, credit unions offer better terms and conditions for loans. However, keep in mind that banks and credit unions have several fundamental differences. Read more about them to make a more educated choice.

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Board rearrangement at e-payment solutions provider Tier Technologies

March 20, 2009 - 4:47am | News | Payment systems

Tier Technologies, Inc., that primarily provides federal, state and local government and other public sector clients with electronic payment solutions, on Thursday announced the voting results of the annual meeting of stockholders in Reston, VA, completed March 11, 2009.

Six re-elected board members approved by the shareholders are: Ronald L. Rossetti, Charles W. Berger, John J. Delucca, Morgan P. Guenther, Philip G.

Board of Directors | electronic payments | shareholders | Tier Technologies | voting

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HSBC will not need further capital injection

March 16, 2009 - 9:21am | Banks and internet banks | News

Chief financial officer of HSBC Holdings, the U.K. and Hong Kong listed bank, said it would not require a U.K. government bailout even if economic conditions continue to worsen.

The CFO Douglas Flint added neither was bank planning to raise additional capital from shareholders as it already did raise $17.7 billion earlier this month through a rights share holding. He stated the amount raised was enough to make the bank “robust in any set of circumstances bank analysts could foresee.

banking | financial aid | government bailout | HSBC | shareholders

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Attorney General wants to know if Merill bonuses were sanctioned by BofA

March 11, 2009 - 6:27am | Articles | Banks and internet banks

According to the Financial Times, New York prosecutors started the investigating process connecting with the early payment of bonuses at Merrill Lynch last year to learn whether it was to stimulate the markdown of the value of their trading positions in the last days of December.

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JPMorgan’s comment on “mini-tender” offer by Latam Investments LLC

March 4, 2009 - 9:33am | Banks and internet banks | News

On Tuesday JPMorgan Chase & Co. announced that while the company is aware of the “mini-tender” offer by Latam Investments LLC to acquire up to 5,000 shares per week of JPMorgan Chase & Co. common stock it is in no way affiliated with the broker firm based in Miami, Florida, the offer, or the offer documentation.

Broker | common stock | JPMorgan | Latam Investments LLC | shareholders

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Bank of America shares fell below $5 first time for the last 17 years

February 5, 2009 - 3:30am | Banks and internet banks | News

Bank of America shares fell 10.2%, to $4.75.for the second straight session for the first time since the mid 1980s. The last time that Bank of America shares closed at $4.75 was on January 30, 1985. Bank of America and Merrill Lynch ended 2008 with $2.49 trillion of assets as shares fall can lead to mounting losses on mortgages and corporate loans of the Charlotte, North Carolina, lender, or even the ouster of Chief Executive Kenneth Lewis.

Bank of America | government | losses | shareholders | Stocks

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