Hercules dividend trimmed by 70%; shareholders will receive 8 cents per share instead of 27 cents
Article Abstract:
In a financial move to help alleviate its burden of debt, Hercules Inc.'s board decided to cut dividends to shareholders. The debt the company is grappling with is a whopping $3.5 billion partially due to the acquisition of BetzDearborn Inc. in 1998. The specialty chemical company may still be a candidate for takeover. Cutting the dividend, though, will free up $80 million per year.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2000
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Democracy at your fingertips-without any pregnant chads
Article Abstract:
Shoup Voting Solutions Inc. develops a computerized voting machine which it intends to supply to Florida to replace its outdated terminals.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2001
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Philadelphia shipyard breaks even
Article Abstract:
Kvaerner Philadelphia Shipyard broke even in the second quarter of 2004 and is heavily subsidized by state economic-development funds. However it is well along in building and assembling its third container cargo ship and has begun with its fourth ship. The study reported that Matson Navigation Co. a subsidiary of Alexander and Baldwin Inc. would buy the first two ships priced at $230 million.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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