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IBM to Pay Big to Unload Chip Division

2014-10-20 21:32:20| Semiconductors - Topix.net

IBM will pay $1.5 billion to Globalfoundries in order to shed its costly chip division. IBM Director of Research John E. Kelly III said in an interview Monday that handing over control of the semiconductor operations will allow it to grow faster, while IBM continues to invest in and expand its chip research.

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Report: Treasury OKs big pay raises for GM, Ally

2014-09-24 23:10:01| Automakers - Topix.net

The U.S. Treasury Department continued to approve "excessive" pay raises for top executives at General Motors and its former consumer finance arm, both of which received taxpayer-funded bailouts during the financial crisis, a new government report says. The government watchdog that oversees the $475 billion bailout said Treasury approved cash salaries exceeding $500,000 last year for 16 of the 47 top executives at General Motors Corp. and Ally Financial Inc. Treasury allowed total pay packages, including company stock, of at least $1 million for every top executive at the two companies, according to the report released Wednesday by the special inspector general for the Troubled Asset Relief Program.

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Why bother? 11 big stocks pay tiny dividends

2014-09-12 16:19:07| Industrial Machines - Topix.net

Companies know dividends are like Scooby snacks for investors. Give an investor a dividend and they'll put up with almost anything.

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Small Changes Pay Big Dividends for Hormel

2014-05-27 17:21:00| Food Processing

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Many big U.S. corporations pay very little in taxes: study

2014-02-27 02:09:38| Telecom - Topix.net

Many of the most profitable U.S. corporations paid little or no federal income tax from 2008 to 2012, according to a five-year study issued on Tuesday by a left-leaning tax activist group.

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