Word: stockly
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...Unlike most companies, particularly foodmaker Kraft, which is also considering a bid for Cadbury, Hershey is controlled not by investors but by a charitable trust, established a century ago by company founder Milton Hershey to fund the education of orphans. The Hershey Trust, which holds 80% of the voting stock of the candy company, runs the Milton Hershey School not far from the corporate headquarters in central Pennsylvania, and it is required to maintain it in perpetuity. (See which businesses are bucking the recession...
...Neither the company nor the trust will talk specifically about the possibility of a bid for Cadbury, a decision that appears imminent, but they acknowledge that the needs of the school put the business decisions of the company in an unusual context. Dividends from the candy-company stock provide about 44% of the funding for the school...
...Chile; but they're also angry about vast tracts they say were illegally taken from them in Araucania, near the city of Temuco, for forestry operations. This year militants have set fire to tree farms, leaving huge swaths of eucalyptus and pine trees scorched - and prompting local ranchers to stock up on weapons and ammunition...
Some card companies are tackling the punishing economy with humor. DCI Studios has a Christmas card that doubles as a "new guide to the stock market." Some useful terms: "Broker: What we are this year compared to last year. Merrill Lynch: What we want to do to Merrill. Liquid assets: beer, scotch, vodka, whatever helps...
...divest from companies investing in Iran’s petroleum and natural gas sector or doing business with Iran’s nuclear industry. Since these companies are already liable for sanctions under the Iran Sanctions Act, states have a fiduciary responsibility to consider the financial consequences of holding stock in them...