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.

Financial management, Basic Chemical Manufacturing, CHEMICALS AND ALLIED PRODUCTS, Specialty Chemicals, Hercules Inc., HPC

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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Shoup Voting Solutions Inc. develops a computerized voting machine which it intends to supply to Florida to replace its outdated terminals.

Office machines, not elsewhere classified, Product information, Florida, Other Commercial and Service Industry Machinery Manufacturing, Voting Machines, Shoup Voting Solutions Inc.

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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.

Acquisitions & mergers, Water Transportation, Water Transportation Services, Support Activities for Water Transportation, Mergers, acquisitions and divestments, Company acquisition/merger, Company sales and earnings, Company earnings/profit, Shipping industry, Kvaerner Philadelphia Shipyard Inc., Matson Navigation Company Inc.

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