News Release
... Operating profit increased 20% to £2,665 million (FY14: £2,213 million). The contribution from Friends Life (£554 million) and underlying growth (£103 million) more than offset headwinds from foreign exchange movements (£117 million) and a reduction in one-off items. Operating EPS2,3 rose 2% to 49.2 ...
... Operating profit increased 20% to £2,665 million (FY14: £2,213 million). The contribution from Friends Life (£554 million) and underlying growth (£103 million) more than offset headwinds from foreign exchange movements (£117 million) and a reduction in one-off items. Operating EPS2,3 rose 2% to 49.2 ...
E TRADE FINANCIAL CORP - Nasdaq`s INTEL Solutions
... necessary accounting and reporting functions. This is a product of the trading and investing segment since it serves as an introduction to E*TRADE for many employees of our corporate customers who conduct equity option and restricted stock transactions, with our goal being that these individuals wil ...
... necessary accounting and reporting functions. This is a product of the trading and investing segment since it serves as an introduction to E*TRADE for many employees of our corporate customers who conduct equity option and restricted stock transactions, with our goal being that these individuals wil ...
Enersis Américas SA - corporate
... Form 20-F [X] Form 40-F [ ] Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes ...
... Form 20-F [X] Form 40-F [ ] Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes ...
Executive Summary - Baylor University
... about turning the company around. His energy should inspire others to accept this change. Also, if managers do not support this strategy, they send a negative message about their current belief in the value of the firm. If they don’t believe the company can be turned around, Newell should seek new m ...
... about turning the company around. His energy should inspire others to accept this change. Also, if managers do not support this strategy, they send a negative message about their current belief in the value of the firm. If they don’t believe the company can be turned around, Newell should seek new m ...
2G Energy AG Annual Report
... years, a slowdown in the Chinese economy, further simmering of the European financial and banking ...
... years, a slowdown in the Chinese economy, further simmering of the European financial and banking ...
Chapter 19
... There was no tax disadvantage to dividends. Thus, investors are indifferent between buying the stock at Pb and receiving the dividend or waiting, buying the stock at Pe and receiving a subsequent capital gain. When only the dividend is taxed, after–tax proceeds must be equated for investors to be in ...
... There was no tax disadvantage to dividends. Thus, investors are indifferent between buying the stock at Pb and receiving the dividend or waiting, buying the stock at Pe and receiving a subsequent capital gain. When only the dividend is taxed, after–tax proceeds must be equated for investors to be in ...
Inflation Targeting, Reserves Accumulation, and Exchange Rate
... Hence, monetary policy may have to respond to exchange rate movements if the latter are correlated with future inflation, which is likely to be the case for most Latin American countries. This analysis is summarized in Section II of this paper. Section III reviews episodes in Brazil, Colombia, Chile ...
... Hence, monetary policy may have to respond to exchange rate movements if the latter are correlated with future inflation, which is likely to be the case for most Latin American countries. This analysis is summarized in Section II of this paper. Section III reviews episodes in Brazil, Colombia, Chile ...
the role of financial markets in the pricing of crude oil
... involves understanding some aspects of refining and petroleum product specifications, including Environmental Protection Agency (EPA) regulations, as well as political science and policy in understanding the passage of renewable fuel standards and the ban – and eventual repeal – on crude oil export ...
... involves understanding some aspects of refining and petroleum product specifications, including Environmental Protection Agency (EPA) regulations, as well as political science and policy in understanding the passage of renewable fuel standards and the ban – and eventual repeal – on crude oil export ...
COLLEGE STUDENTS AND CREDIT CARD USE: THE EFFECT OF
... Mae, 2002; 2005). College students represent a unique market. As noted, they typically have limited levels of income. Further, rising costs associated with attending both public and private institutions, coupled with the widespread availability of credit cards as a source of borrowing, have increase ...
... Mae, 2002; 2005). College students represent a unique market. As noted, they typically have limited levels of income. Further, rising costs associated with attending both public and private institutions, coupled with the widespread availability of credit cards as a source of borrowing, have increase ...
Dynamic Monitoring of Financial Intermediaries with Subordinated
... riskier are hypothesized to have larger observable subordinated yield spreads [1]. Crosssectional studies cannot provide a relevant and prompt signal mechanism to regulators or market participants mainly for two reasons. First, they rely on public accounting measures that are announced in a quarterl ...
... riskier are hypothesized to have larger observable subordinated yield spreads [1]. Crosssectional studies cannot provide a relevant and prompt signal mechanism to regulators or market participants mainly for two reasons. First, they rely on public accounting measures that are announced in a quarterl ...
Currency boards and the euro – An “international role of the euro
... unilaterally by the country that introduces a currency board, it does not involve any commitment from the central bank that issues the anchor currency. However, the analysis of the salient characteristics of various exchange rate regimes has become a key issue in the recent debate on sustainable exc ...
... unilaterally by the country that introduces a currency board, it does not involve any commitment from the central bank that issues the anchor currency. However, the analysis of the salient characteristics of various exchange rate regimes has become a key issue in the recent debate on sustainable exc ...
Alpha Dynamics_Evaluating the Activeness of Equity Portfolios.indd
... segments offer greater potential to add value through active management. For instance, our experience indicates that small-capitalization portfolios can maintain active share in excess of 80% and coverage ratios below 20% without introducing unintended systematic biases. Incidentally, it is no coinc ...
... segments offer greater potential to add value through active management. For instance, our experience indicates that small-capitalization portfolios can maintain active share in excess of 80% and coverage ratios below 20% without introducing unintended systematic biases. Incidentally, it is no coinc ...
Ending "Too Big To Fail"
... both within and across countries – will financial markets really believe any government when it promises not to save its biggest firms? Relevant experience in the Republic of Korea suggests an answer: No. When financial crisis broke out at the end of 1997, the banking system was threatened with coll ...
... both within and across countries – will financial markets really believe any government when it promises not to save its biggest firms? Relevant experience in the Republic of Korea suggests an answer: No. When financial crisis broke out at the end of 1997, the banking system was threatened with coll ...
Greene County Bancorp 10K - The Bank of Greene County
... institution's net interest income, which is presented on a before-tax basis, is exempt from taxation (e.g., is received by the institution as a result of its holdings of state or municipal obligations), an amount equal to the tax benefit derived from that component is added to the actual before-tax ...
... institution's net interest income, which is presented on a before-tax basis, is exempt from taxation (e.g., is received by the institution as a result of its holdings of state or municipal obligations), an amount equal to the tax benefit derived from that component is added to the actual before-tax ...
Do Legal Origins Have Persistent Effects Over Time?
... the legal tradition of their home country. Observing that this leads Rajan and Zingales to overestimate stock market capitalization for French civil law countries such as Cuba and Egypt, LLS (2008) correct some of the figures that bias the averages for civil law countries up by, for instance, using ...
... the legal tradition of their home country. Observing that this leads Rajan and Zingales to overestimate stock market capitalization for French civil law countries such as Cuba and Egypt, LLS (2008) correct some of the figures that bias the averages for civil law countries up by, for instance, using ...
UNITED TECHNOLOGIES CORP /DE/ (Form: 10
... On February 7, 2013 , we completed the acquisition of Grupo Ascensores Enor, S.A. (Enor), a privately held company headquartered in Spain with operations in Spain and Portugal, which designs, manufactures, installs and services elevators. Enor's 2012 sales were approximately $50 million . Under the ...
... On February 7, 2013 , we completed the acquisition of Grupo Ascensores Enor, S.A. (Enor), a privately held company headquartered in Spain with operations in Spain and Portugal, which designs, manufactures, installs and services elevators. Enor's 2012 sales were approximately $50 million . Under the ...
Value-at-Risk and Expected Stock Returns
... size, and liquidity explain the cross-sectional variation in expected returns, while beta and total volatility have almost no explanatory power at the stock level. Furthermore, the strong positive relationship between average returns and VaR is robust for different investment horizons and loss-proba ...
... size, and liquidity explain the cross-sectional variation in expected returns, while beta and total volatility have almost no explanatory power at the stock level. Furthermore, the strong positive relationship between average returns and VaR is robust for different investment horizons and loss-proba ...
words - Nasdaq`s INTEL Solutions
... With the exception of historical facts, the statements contained in this discussion are forward-looking statements, which are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Certain, but not all, of the forward-looking statements in this report ...
... With the exception of historical facts, the statements contained in this discussion are forward-looking statements, which are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Certain, but not all, of the forward-looking statements in this report ...
Chapter 11
... Mead Corporation is planning to issue debt that will mature in the year 2025. In many respects the issue is similar to currently outstanding debt of the corporation. Using Table 11-2 in the chapter, a. Identify the yield to maturity on similarly outstanding debt for the firm, in terms of maturity. b ...
... Mead Corporation is planning to issue debt that will mature in the year 2025. In many respects the issue is similar to currently outstanding debt of the corporation. Using Table 11-2 in the chapter, a. Identify the yield to maturity on similarly outstanding debt for the firm, in terms of maturity. b ...
Challenging traditional attitudes towards investment risk and
... of inheritance tax. The saver can draw from the assets at their marginal rate of tax and at the time of their choosing. The perception of poor value from annuities, the flexibility of how much is drawn and the benefits of leaving what is left in a pension pot to loved ones upon death all help explai ...
... of inheritance tax. The saver can draw from the assets at their marginal rate of tax and at the time of their choosing. The perception of poor value from annuities, the flexibility of how much is drawn and the benefits of leaving what is left in a pension pot to loved ones upon death all help explai ...
Financialization
Financialization is a term sometimes used in discussions of the financial capitalism that has developed over the decades between 1980 and 2010, in which financial leverage tended to override capital (equity), and financial markets tended to dominate over the traditional industrial economy and agricultural economics.Financialization describes an economic system or process that attempts to reduce all value that is exchanged (whether tangible or intangible, future or present promises, etc.) into a financial instrument. The intent of financialization is to be able to reduce any work product or service to an exchangeable financial instrument, like currency, and thus make it easier for people to trade these financial instruments.Workers, through a financial instrument such as a mortgage, may trade their promise of future work or wages for a home. The financialization of risk sharing is what makes possible all insurance. The financialization of a government's promises (e.g., US government bonds) is what makes possible all government deficit spending. Financialization also makes economic rents possible.