Economics has identified three types of capital as the drivers of economic growth-physical capital, human capital, and knowledge capital. This paper introduces the concept of entrepreneurship capital and suggests that it is also an important factor shaping the economic performance of an economy. The purpose of paper is to suggest...
The Merrett Group soon will be the first Lloyd's underwriting agency to access corporate capital through a quota share partnership with a Bermuda company, which will ultimately be capitalized at $70 million. The Bermuda company, called Underwriters Capital Merrett Ltd., will be backed principally by...
Employee options are a risky equity instrument. In America, when equity increases in value, it is called a capital gain. It's not called compensation. Bill Gates' annual compensation is less than $1 million, even though the value of his equity may go up billions. No one confuses his salary with...
VANCOUVER, British Columbia--BUSINESS WIRE--May 16, 1997--FT Capital Ltd. FT Capital Ltd. reported a net loss for 1996 of $22,543,000 or $2.52 per common share compared to a net loss of $17,294,000 or $1.96 per share in 1995. For the fourth quarter of 1996, FT Capital reported...
VANCOUVER, British Columbia--BUSINESS WIRE--Aug. 9, 1996--QUEST CAPITAL CORP. (TSE,VSE:QCC) EPOCH CAPITAL CORP. (VSE:EPH) Quest Capital Corporation ("Quest") and Epoch Capital Corporation ("Epoch") announced today that they have agreed to merge on a share for share basis. The surviving entity will be Quest Capital Corporation.After the completion of the merger,...
MADRID--BUSINESS WIRE--July 1, 1998--Endesa, S.A. (NYSE: ELE), the major electric utility group in Spain, announced today the filing of a public deed reducing its share capital by Pta17,042,954,600, the result of purchasing 85,214,773 shares from Sociedad Estatal de Participaciones Industriales SEPI and their subsequent amortization. The amount reimbursed to SEPI...
NEW YORK -- Morgan Stanley (NYSE: MWD) and the investment professionals at Morgan Stanley Venture Partners have agreed to establish Morgan Stanley Venture Partners as an independent venture capital firm. The new firm, to be called Crossmark Capital, will be led by Dr. William Harding, a 20-year veteran of the...
LISBON--BUSINESS WIRE--May 24, 1999-- Re-denomination of Banco Comercial Portugues's share capital Banco Comercial Portugues (BCP, NYSE: BPC) announced that, as at June 23, 1999, it shall proceed with the re-denomination of its share capital into Euros, concurrent with a capital increase by incorporation of reserves in the amount...
CALGARY, Alberta--BUSINESS WIRE--April 23, 1998--Humboldt Capital(VSE:HMB.A.) (VSE:HMB.B.) Humboldt Capital Corporation is pleased to report that earnings for the year ended December 31, 1997 increased to $1.8 million or $0.13 per share from $803,000 or $0.06 per share reported for 1996. The Company's net asset value per share increased to $1.67...
GREEN BAY, Wis. AP -- ShopKo Stores Inc. said Friday its shareholders will vote Dec. 23 on a proposed merger with an affiliate of Sun Capital Partners Inc. An affiliate of Boca Raton, Fla.-based Sun Capital is buying ShopKo for $29 a share, plus an annual 6 percent...
STOCKHOLM, Sweden -- As a part of the redemption procedure approved by the Annual General Meeting 4 April 2007, AB Volvo (Nasdaq:VOLV) (STO:VOLVA) (STO:VOLVB) carried out a share split where each share was split into six shares, of which one redemption share. Upon completion of the redemption procedure the redemption...
SEATTLE--BUSINESS WIRE--May 10, 1999-- The Board of Directors of Bergstrom Capital Corporation, a publicly traded investment company listed on the American Stock Exchange, today declared a cash dividend of $13.50 per share payable June 7, 1999 to stockholders of record on May 20, 1999. The company estimates that...
JERUSALEM -- Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA) announced today that it has been notified of an unsolicited so-called "mini-tender" offer by TRC Capital Corporation to purchase up to 2.5 million Teva ordinary shares in the form of American Depositary Shares ("ADSs"), representing less than 0.4% of Teva's outstanding shares....
NEW YORK -- Fitch Ratings has assigned a 'BBB-' rating to Capital One Capital IV's issuance of $500 million Capital Securities. Payments may be deferred for up to 10 years if Capital One Financial Corp. defers payments on the underlying Capital Efficient Notes CENts, which have a scheduled maturity of...
MINNEAPOLIS -- Ameriprise Financial, Inc. (NYSE:AMP) today said that it has been notified of an unsolicited so-called "mini-tender" offer by TRC Capital Corporation to purchase up to 2.5 million shares of its common stock, representing approximately 1 percent of the outstanding shares. TRC Capital's offer price of $31.10 net per...
NEW YORK -- Morgan Stanley (NYSE: MWD) announced today that it has signed a definitive agreement with a team of investment professionals from Morgan Stanley Capital Partners to finalize the establishment of an independent private equity firm. The new firm will be called "Metalmark Capital LLC" and will be based...
BOSTON -- Capital Crossing Bank (Nasdaq: CAPX) today announced that it has signed a definitive agreement whereby Capital Crossing would be acquired by Lehman Brothers Bank, FSB, a subsidiary of Lehman Brothers, the global investment bank. Under the terms of the agreement, Lehman Brothers will pay $30.00 per share in...
Business Editors SAN FRANCISCO, Calif.--BUSINESS WIRE--Dec. 27, 2000 iShares Trust announces final classifications of income and capital gains for the iShares Index Funds listed below. ...
Nokia Corp. reported a total of 525,904 of its shares were subscribed for after the increase in the share capital registered July 28. The $28,488 increase in the share ... Nokia Corp. reported a total of 525,904 of its shares were subscribed for after...
