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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.

Tags: report big pay treasury

 

Telefonica Deutschland raises EUR 3.6 bln in share issue

2014-09-24 15:05:00| Telecompaper Headlines

(Telecompaper) Telefonica Deutschland has raised EUR 3.6 billion in its rights issue to help finance the takeover of rival E-Plus. Shareholders subscribed for 99.92 percent of the shares on offer, and majority shareholder Telefonica exercised all its rights to maintain its stake in the German subsidiary. Each share held entitled shareholders to one new share at the discounted price of EUR 3.24. The bookrunners were sell on the market the remaining shares not subscribed in the rights issue. The issue of 1.12 billion new shares doubles Telefonica Deutschland's outstanding capital, and another 740.7 million new shares will be issued to KPN as partial payment for E-Plus.

Tags: share issue eur deutschland

 
 

VIETNAM: Vinatex raises US$58m through IPO

2014-09-24 13:40:34| Daily apparel & textile news and comment - from just-style.com

The Vietnam National Textile and Garment Group (Vinatex) has raised VND1.22trn (US$58m) through its initial public offering, which took place yesterday (23 September).

Tags: vietnam ipo raises vinatex

 

UK: Chapel Down raises nearly GBP3m from crowd-funding

2014-09-19 16:41:14| Daily beverage news and comment - from just-drinks.com

Chapel Down, the English wine producer and brewer, has raised nearly GBP3m (US$4.9m) in ten days from a crowd-funding project.

Tags: chapel raises gbp3m crowdfunding

 

Credit Suisse Raises Ashtead Group plc Price Target to GBX 1,220

2014-09-19 14:05:44| Jewelry - Topix.net

The firm currently has an "outperform" rating on the stock. Credit Suisse's price target indicates a potential upside of 17.87% from the stock's previous close.

Tags: price group credit target

 

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