14 June, 2015 by The TZ Newswire Staff Comments Off on In $8 billion Samsung bid, some Koreans break ranks to side with foreign activist
In $8 billion Samsung bid, some Koreans break ranks to side with foreign activist
In a country with a record of hostility toward foreign capital, some local investors are breaking with tradition as they side with a U.S. hedge fund opposing an $8 billion merger seen vital to the transfer of leadership at South Korea’s top conglomerate. Hundreds of Samsung C&T Corp’s small stakeholders have converged on a public web forum in recent days to protest what they say is a low-ball all-stock takeover offer from Cheil Industries Inc , an affiliate of Samsung Group and the conglomerate’s de facto holding company.
14 June, 2015 by The TZ Newswire Staff Comments Off on Japan Inc faces stormy AGMs in governance shake-up
Japan Inc faces stormy AGMs in governance shake-up
Japan’s normally sleepy shareholder meetings are set for a shake-up this year as a new corporate governance code encourages disgruntled investors to speak out and forces companies to take demands for better returns more seriously. Combined with a separate “stewardship” code, which holds fund managers accountable for how they vote, the new rules mean CEOs of poor market performers like electronics maker Sharp Corp may face unusually strong dissent in the proxy season starting on Tuesday.
14 June, 2015 by The TZ Newswire Staff Comments Off on China company insiders skim the cream off frothy stock market
China company insiders skim the cream off frothy stock market
Senior executives of listed firms in China have stepped up the pace at which they are selling shares in their own companies, suggesting they may have doubts about whether their stock prices can go much higher. In May company insiders – senior executives or their relatives – sold a combined 1.68 billion shares, a tripling from April, and much more than in each of the previous months of this year, according to data compiled by Reuters.
14 June, 2015 by The TZ Newswire Staff Comments Off on Greek default fears rise, 11th-hour talks collapse
Greek default fears rise, 11th-hour talks collapse
Efforts to strike a last minute deal with Greece collapsed, the Financial Times reported, raising new fears of a default.
14 June, 2015 by The TZ Newswire Staff Comments Off on Sunday Market Video
Sunday Market Video
The post Sunday Market Video appeared first on UpsideTrader.
14 June, 2015 by The TZ Newswire Staff Comments Off on Low Energy Prices And Conflict Drive Shell Out Of Ukrainian Shale
Low Energy Prices And Conflict Drive Shell Out Of Ukrainian Shale
Submitted by Andy Tully via OilPrice.com,
Royal Dutch Shell has been considering ending its partnership with a Ukrainian energy company in a shale gas exploration venture in eastern Ukraine because of the fighting in the region and prospect of little profit from the project.
14 June, 2015 by The TZ Newswire Staff Comments Off on Philip Morris International, Inc. Dividends: Smoking Hot or Unhealthy?
Philip Morris International, Inc. Dividends: Smoking Hot or Unhealthy?
Philip Morris pays a big dividend yield of 4.9%, and the company has delivered impressive dividend growth over the years. On the other hand, tobacco is a pretty toxic business.