By Yakubu LAAH InvestAdvocateLagos INVESTADVOCATE)-The securities and exchange commission (SEC) has endorsed the Nigerian stock exchange’s (NSE’s) amendments to listing rules which is expected to commence. November 01, 2014. According to the amendment on market abuse, every issuer shall ensure that investors and the public are kept fully informed of […]
Author: InvestAdvocate
Coca-Cola quarterly profit falls 3 percent
Coca-Cola Co reported a 3 percent fall in quarterly net profit due to restructuring of its juice operations in Russia and the separation of its Brazilian bottling operations last year. The company’s net income attributable to shareholders fell to $2.60 billion, or 58 cents per share, in the second […]
CIT to Acquire OneWest Bank for $3.4 Billion in Cash and Stock
Press Release Acquisition Advances CIT’s Bank Strategy Transaction Is Immediately Accretive to CIT’s Earnings Per Share Improves ROTCE and Accelerates Use of Net Operating Losses (NOL) CIT’s Total Assets Will Increase to $67 Billion; Total Deposits Will Increase to $28 Billion1 Combines CIT’s National Lending Platform with OneWest’s Regional Branch […]