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...Citi's effort to repay the government will remove some of the stigma surrounding the firm that has evolved since the start of the financial crisis. Treasury officials say Citi will no longer be considered one of the companies that have received "exceptional assistance" from the government. That means pay czar Kenneth Feinberg will no long have a say over salaries at the company. What's more, the company will save $1.6 billion in annual preferred-stock dividend payments it would have owed the government on its TARP loan...
...will lower the company's earnings per share by about 20%. "One of the basic problems for [Citigroup's] valuation is that it has too many shares as a result of its many rounds of capital raising and exchange offers," says analyst David Hensler, who follows Citi for research firm Creditsights...
...Capacity across the industry has increased--15 ships have launched this year, including Carnival's Dream, and 12 set sail next year--so there are deals of less than $60 per day out there. "Hotels are shaking in their boots," says Peter Yesawich, CEO of Y Partnership, a marketing firm, "and they should...
Since stepping down as chairman at Corning for the second time, he has continued to play a role at the firm. He also remains a longtime trustee of the Corning Museum of Glass...
...This little exhibit is simply one little step for Harvard in what it’s done in the past for the environment,” said Zofnass, who is the president and founder of the Environmental Financial Consulting Group Inc., a New York City firm that advises environmental and engineering/consulting firms...