Latest Dividends News

Fed finds biggest US banks strong enough to survive shock

Jun. 21, 2018 7:01 PM EDT

WASHINGTON (AP) — The Federal Reserve says that all of the 35 largest U.S. banks are fortified enough to survive an economic shock and keep on lending. Banks' hypothetical losses from credit cards increased in the latest "stress tests," however. The first round of the central bank's annual stress tests,...

Asian stocks take breather from trade tension; markets mixed

Jun. 19, 2018 11:26 PM EDT

SINGAPORE (AP) — Asian markets were mixed on Wednesday as traders sidelined tariffs that the U.S. and China have threatened to impose on one another, focusing on positive housing data instead. KEEPING SCORE: Japan's benchmark Nikkei 225 index rose less than 0.1 percent to 22,287.42 and South Korea's Kospi...

CBS controlling shareholder fires back over board vote

May. 29, 2018 5:30 PM EDT

DOVER, Del. (AP) — CBS Corp.'s controlling shareholder fired back Tuesday over a board attempt to dilute the shareholder's stock voting power, the latest move in an escalating legal battle for control of the media company. In complaint filed in Delaware's Chancery Court, National Amusements Inc. argues...

Stocks dip as oil prices and energy companies fall sharply

May. 25, 2018 4:39 PM EDT

NEW YORK (AP) — Energy companies and oil prices took their worst losses in months Friday on reports OPEC countries plan to produce more oil soon. Stock indexes finished an indecisive week with small losses. U.S. crude oil sank 4 percent after multiple reports indicated that Russia and OPEC could start...

CBS renews NAI fight, seeks court approval of dilution vote

May. 23, 2018 3:49 PM EDT

DOVER, Del. (AP) — CBS Corp. asked a Delaware judge on Wednesday to bless a move by its board to dilute the stock voting power of its controlling shareholder, the latest step in an ongoing legal battle for control of the mass media company. In amending a lawsuit filed earlier this month, CBS attorneys...

CBS board approves special dividend in face of likely veto

May. 17, 2018 8:55 PM EDT

DOVER, Del. (AP) — Most of CBS Corp.'s board on Thursday approved a special dividend that could enable the company to break free from its controlling shareholder, but the power struggle's outcome still hinges on an ongoing legal battle. National Amusement Inc., currently CBS's majority shareholder, would...

The Latest: CBS approves dividend in face of likely veto

May. 17, 2018 7:33 PM EDT

DOVER, Del. (AP) — The Latest on the battle between CBS Corp. and its controlling shareholders, National Amusements Inc. (all times local): 7:30 p.m. Most of CBS Corp.'s board has approved a special dividend that could enable the company to break free from its controlling shareholder, but the power...

Judge mulls CBS restraining order against major shareholder

May. 16, 2018 6:20 PM EDT

WILMINGTON, Del. (AP) — A Delaware judge ordered a pause on Wednesday in a dispute between CBS and its majority shareholder that could decide control of the company. Chancellor Andre Bouchard granted CBS a temporary restraining order prohibiting National Amusements Inc. from taking any action to thwart a...

NKorea moves, weak Japan GDP data pull Asian shares lower

May. 16, 2018 12:21 AM EDT

Share prices fell Wednesday in Asia after losses in technology and health care companies snapped an eight-day winning streak for the Dow Jones industrial average. North Korea's cancellation of talks with South Korea and weaker than expected Japanese economic growth weighed on sentiment. KEEPING SCORE: Japan's...

Apple's tax break yields $102 billion boon for shareholders

May. 1, 2018 6:20 PM EDT

SAN JOSE, Calif. (AP) — Apple's tax break on its overseas profits is turning into a $102 billion boon for shareholders. The iPhone maker is raising its quarterly dividend by 16 percent to 73 cents per share, matching the largest increase since Apple restored the payment under shareholder pressure six years...