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Activists seek divestment linked to Occupation Activities
2008-05-26 21:00:00 Angela Galloway Seattle activists hope to ask voters this fall to approve a measure they say would block the city from investing its pension funds in corporations that benefit from the Iraq war, or from certain other Middle East military occupations. But it's unclear how city retirement officials... Click on the headlines to read the full story!
UMC (United Methodist Church) Meltdown Continues; Considers Divestment from
2008-04-04 19:22:00 April 4, 2008 - The Simon Wiesenthal Center recently provided a presentation (click on image) outlining the United Methodist Church's notorious track record of biased, anti-Israeli views. This was...
Ascott’s Q4 net profit triples on divestment gains - Singapore
2008-01-26 06:55:00 Ascott’s Q4 net profit triples on divestment gains - Singapore By UMA SHANKARI THE Ascott Group, Asia’s biggest operator of serviced apartments, yesterday said that its fourth-quarter profit more than tripled on the back of divestment gains.  Expanding: Ascott plans to have 25,000 apartments in Asia, Europe and the Gulf region by 2010. It crossed the 20,000-unit mark for the first time in Q4 last year Net profit for the three months ended Dec 31, 2007 rose to $45.4 million from $13.6 million a year earlier. Q4 earnings per share rose to 2.8 cents, from 0.9 of a cent a year earlier. The company is recommending a total cash dividend of six cents a share, including a bonus dividend of 4.8 cents. Ascott’s performance was boosted by the divestment of the Somerset Bayswater property in London, which gave it a net gain of $17.8 million. The company also saw some gains from the sale of a golf course in Guangzhou. Q4 revenue rose 14 per cent to $116.5 million, from $102...
United Methodist Office Lobby Urges Anti-Israel Divestment
2008-01-24 00:02:00 United Methodist Leaders Urge Divestment in Caterpillar for Doing Business in Israel Declining Membership Continues as Leaders Mull Portfolio Concerns Methodist Leaders More Worldly, Membership becomes More Apathetic The United Methodists official lobby office demonstrates one reason why their denomination continues to decline in membership. The 7.9 million member United Methodist Church’s official lobby office is urging church ...
Nokia Siemens plant divestment to Jabil Circuit cleared by EU
2007-10-18 12:11:00 BRUSSELS, Oct. 18, 2007 (Thomson Financial delivered by Newstex) — The European Commission has approved Nokia (NYSE:NOK) Siemens (NYSE:SI) Networks Oy’s proposed divestment of two Italian production plants to American circuit manufacturer Jabil Circuit (NYSE:JBL) Inc, arguing that the transaction would not significantly impede effective competition in the EU. The ...
By: Loan news blog
IFCI divestment
2007-09-15 23:45:00 ** IFCI receives 10 EoIs for 26% stake sale ** As many as 10 domestic and foreign financial institutions and consortia have evinced interest in picking up 26% stake in IFCI, the expressions of interest for which were opened today. Out of 10 suitors, seven ...
IFCI divestment
2007-09-05 07:40:00 Hi Sharad There was similar article in HT. If you remember, a month back they had printed “IFCI to put off stake sale”. Then it got telecasted in CNBC and stock price fell to Rs 50 level. When the prices were falling down, FIIs and funds had bought loads of it. ...
IFCI divestment
2007-09-05 06:42:00 Just saw on CNBC live that the divestment in IFCI wil be delayed…Anybody has any more information on the same?
Sharpton urges divestment to clean up rap lyrics
2007-08-08 01:49:00 Reuters reports:DETROIT (Reuters) - Activist Rev. Al Sharpton organized rallies across the United States on Tuesday urging public divestment from the music industry until rap lyricists stop employing the "n-word" and terms degrading to women."We're talking about Viacom (Inc.), Time Warner (Inc.), Vivendi," three entertainment conglomerates that Sharpton said would be pressured to clean up musicians' lyrics if threatened by the withdrawal of government-run pension fund investments.Time Warner sold its music business, including such labels as Atlantic and Reprise, to a private equity group in 2004."The opposition has tried to use the argument of free speech, but they don't have the freedom to use peoples' pension funds against their own will and interest," Sharpton, a 2004 presidential candidate, said in a telephone interview from Detroit, where he deplored the use of "nigga," "bitch," and "ho," -- slang for whore -- in popular music."I'm here in Motown in Detroit as a symbol of ...
UMC Calls for Divestment
2007-07-02 14:13:00 It seems the “mainline protestant” denominations just can’t get in line fast enough to divest from Israel because of their “occupation of Palestinian lands”. What bible are these people reading ? This is one more product of “replacement theology”, mis-interpretation, and just flat out dismissal of God’s promises to Israel. The Lord made ...
By: UnsealedProphecy
Pepsi India’s appeal on divestment put on hold
2007-06-09 01:01:00 NEWDELHI: The Foreign Investment Promotion Board on Friday deferred a decision onPepsiCo’s proposal to exempt it from mandatory divestment of 49% stake in itsIndian operations.
Brownback and Obama Call for Divestment From Iran
2007-05-19 18:14:00 Barack Obama and Sam Brownback have intorduced a measure in the Senate that calls for US companies to stop investing in Iranian oil and gas companies. From Forbes: The bill would authorize state and local governments to divest their assets from such companies and give legal protection to people who divest. It also would require the federal ...
By: 2008 Central
The State of Divestment Legislation
2007-04-23 15:36:00 Texas AG Greg Abbot: he may be wrong, but he may be right.In a rush to push through well-intentioned and headline-grabbing divestment legislation targeting the multinationals that aid the genocidal regime in Sudan, politicians may be doing more damage to the movement than good. Evidence of this backlash surfaced last week. Texas Attorney General Greg Abbott issued a statement that requiring divestment on any grounds would be contrary to the Texas constitution. As his reasoning goes, pension funds are to be run "for the sole benefit of pensioners", so any bar set on moral grounds amounts to a diversion of funds. Pending legislation is currently being debated in the Texas Legislature as well as at several county and municipal levels. Thankfully, the Attorney General neither writes laws, nor issues legal rulings. In my opinion, the move was meant to signal to lawmakers that he will be ready and willing to take up the cause against the legislation if, and when, it bec...
By: Green Options
Darfur: Does Divestment Make A Difference?
2007-03-12 16:10:00 Photo: AFP/Jim WatsonState legislatures all across the country, including my home state of Texas, are considering bills that would force state-sponsored investment funds to divest from companies profiting from business with the genocidal regime in Darfur. If successful, pension funds representing teachers, police, firefighters, and other government employees would have to dump billions of dollars in equity in the offending companies. Presumably, the tidal wave of supply in unwanted stock will force the companies to divest from Sudan, or at best, force the companies to in turn force the regime to change its ways. On the face of it, the decision to divest seems to be a clear cut moral choice, but in practice, conflicts of interest coupled with questions about whether divestment works not only stalls the pending legislation, but is also overturning existing legislation. On the conflict question, opposing forces claim that a law forcing divestment conflicts with existing laws requ...
By: Green Options
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