Word: quarterly
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...other immediate effect: common stockholders can say goodbye to their dividend, which was 16 cents last quarter. To make sure the government's money - i.e., the taxpayer's money - isn't simply passing through the company and into other hands, the deal prohibits Citi from paying dividends of more than a penny per share for three years without approval from Treasury, the FDIC and the Federal Reserve. If Citi goes out and raises more money on its own through a common stock offering, there's a greater chance the government will allow for a larger dividend to be paid. That...
...retailer Bon-Ton faces a double challenge: softening sales and a mountain of debt resulting from its $1 billion buyout of 142 stores from Saks two years ago. Even powerhouse Dillard's, with stores spread across 29 states, is raising anxiety owing to weakening sales, down 10% for the quarter. In early November, Standard & Poor's lowered its corporate credit rating of Dillard's to B+ from BB-, citing the "deepening spending pull-back by consumers." Adding to the drama, hedge-fund investors Barington Capital Group LP and Clinton Group Inc. called for William Dillard II, the chain...
Gordon did not turn the ball over once and led the Crimson to a dominating hold over the clock. The Elis, who did not get the ball until there were three minutes and twenty-five seconds left in the first quarter, found themselves chasing Harvard the entire game thanks to Gordon’s early touchdown...
...Harvard made some plays, obviously,” Bulldog coach Jack Siedlecki said. “That whole first quarter, with not getting out on the field at all, not running an offensive play in the game until two, three minutes left in the quarter was a very difficult thing...
After leaving The Game on Saturday in the fourth quarter “due to cold and general boredom”, James A. Fish ’10 and his sister, Nicole M. Fish, a senior at Yale who was also in the stands, had the following text message exchange: “Me: FALE Nicole: YOU SUCK Me: Who sucks? Scoreboard what? Nicole: Dude i don’t care—it was so cold i left” As the Harvard student body celebrated the win on Saturday, the victory was particularly sweet for the few siblings...