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Tesco faces shareholder lawsuit over profit error
2014-11-26 10:14:00| Daily apparel & textile news and comment - from just-style.com
UK litigation firm Stewarts Law is preparing a legal case against retail behemoth Tesco to compensate shareholders who suffered a loss due to its recent profit overstatement.
Tags: error
profit
faces
lawsuit
Wet Seal shareholder seeks liquidity clarification
2014-11-20 12:51:00| Daily apparel & textile news and comment - from just-style.com
Clinton Group, a shareholder of beleaguered business The Wet Seal, has written to the firm's board seeking clarification on its liquidity and suggesting options to shore up its balance sheet.
Tags: wet
seal
seeks
shareholder
Nos shareholder makes offer for Portugal Telecom
2014-11-10 09:20:00| Telecompaper Headlines
(Telecompaper) Isabel dos Santos, the daughter of Angola's president, has launched a takeover bid for Portugal Telecom. In a statement published by Portugal's stock market regulator on 09 November, Terra Peregrin, a Portuguese holding company controlled by Dos Santos, said the offer was for EUR 1.35 a share, a premium of 11 percent on Portugal Telecom's latest share price. The bid, which is conditional on acquiring more than 50 percent of Portugal Telecom's shares, comes a week after Altice launched a EUR 7 billion offer to buy the Portuguese assets of Oi, Portugal Telecom's merger partner. Dos Santos's offer is for the shares of Portugal Telecom SGPS, which owns a 37 percent stake in Oi. The Brazilian operator in turn controls Portugal Telecom's operations in Portugal. Terra Peregrin said it supported a planned merger between Portugal Telecom and Oi, but added that the success of its offer would involve some delays in the merger operation, the Financial Times reports. Dos Santos is also leading shareholder in Nos, PT's main competitor in Portugal. The Terra Peregrin offer does not involve the other shareholders in Nos.
Tags: nos
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portugal
Corning Exceeds Earnings Estimates, Shareholder Friendly Actions Are Next
2014-11-02 19:31:39| Industrial Machines - Topix.net
The increased use of GLW's Gorilla Glass product in the automotive industry may be the next growth driver for the company. We did not anticipate the exceeding of earnings estimates, but did anticipate the potential for increased share buybacks and a dividend increase.
Tags: next
friendly
actions
estimates
Shareholder Alert: Brodsky & Smith, LLC Announces Investigation of...
2014-11-02 11:12:32| Industrial Machines - Topix.net
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of BTU International, Inc. relating to the proposed acquisition by Click here to learn more about the investigation http://brodsky-smith.com/840-btui-btu-international-inc.html , or call: 877-534-2590. There is no cost or obligation to you.
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