The couple’s investments, mostly in real estate, were worth at least $204 million and as much as $783 million. James Murdoch has resigned from News Corp’s board, citing “disagreements” over editorial coverage by the company’s news outlets. On Monday, Shares of 3D Systems Corporation (NYSE:DDD), lost -3.90% to $11.70. 3D Systems, declared that, for the third successive year, it is supporting the Inspired Minds education program at TCT + Personalize, to be […] Capitol Federal Financial, Inc. (NASDAQ:CFFN) stock is about to trade ex-dividend in four days. Ex-dividend means that…
Business|Ivanka Trump and Jared Kushner Report Income of at Least $36 Million in 2019
The couple’s investments, mostly in real estate, were worth at least $204 million and as much as $783 million.
Three years into their new careers as White House officials, Ivanka Trump, the president’s eldest daughter, and her husband, Jared Kushner, reported income of at least $36 million in 2019, according to financial disclosure reports made public on Friday.
The couple’s investments, mostly in real estate, were worth at least $204 million and as much as $783 million, roughly the same as their maximum value of $786 million in 2018.
The documents, like other federal disclosure reports, show ranges of income and asset values. In some cases, they require only a minimum figure, making it impossible to discern a precise maximum figure for income. (President Trump also released his annual financial disclosure report on Friday.)
During 2019, the couple’s income could have been as much as $157 million, and possibly more. That compares with a range in 2018 of $29 million to $135 million.
Mr. Kushner’s continued stake in his family real estate firm, Kushner Companies, has drawn criticism, as the company has sought investments from around the world, despite his government position, including his role as an unofficial diplomat in the Middle East.
Although he has shed some assets, he has retained the vast majority of properties that were in his portfolio when he entered government service. Mr. Kushner stepped down from his position with Kushner Companies before he started working in the government.
Mr. Kushner’s firm remained active in the real estate market in 2019, selling and buying properties in New York, New Jersey, Virginia and Ohio.
Overall, the couple’s income was also down compared with 2017, when they reported at least $82 million.
Mr. Kushner disclosed a new loan of $5 million to $25 million with Bank of America, an obligation he holds jointly with other members of a limited liability company.
Ms. Trump stepped down from her positions at her family’s company as well as her fashion business when her father became president. She said in 2018 that she was shutting down her fashion brand. She did retain stakes in some of the family’s businesses and continues to draw income from them.
She earned $3.95 million from the Trump International Hotel in Washington, the same as she earned in 2017 and 2018. The property has drawn criticism over concerns that guests there are using their hotel stays as a way to influence the administration.
All told, Ms. Trump reported 2019 income of at least $5.5 million compared with a minimum of $6.7 million in 2018.
Author: Robert Gebeloff
James Murdoch resigns from News Corp board
Aug 1, 2020 – 8.27am
James Murdoch has resigned from News Corp’s board, citing “disagreements” over editorial coverage by the company’s news outlets and “certain other strategic decisions”.
“I hereby tender my resignation as a member of the board of directors of News Corporation, effective” immediately, James Murdoch said in a filing to the US Securities and Exchange Commission dated July 31 in New York.
James Murdoch, in a 2017 photo. Getty
“My resignation is due to disagreements over certain editorial content published by the company’s news outlets and certain other strategic decisions.”
Mr Murdoch wasn’t more specific.
Among News Corp’s holdings are News Corp Australia, Wall Street Journal publisher Dow Jones, and the New York Post.
In response to the resignation, Rupert Murdoch, his father, and Lachlan Murdoch, his brother, released a joint, two-sentence, statement. “We’re grateful to James for his many years of service to the company. We wish him the very best in his future endeavours.”
Earlier this year, James Murdoch broke ranks with the family’s media empire, accusing News Corp’s Australian publications in particular of promoting climate change denialism.
Last month more than 280 reporters, editors and other Dow Jones employees signed a letter calling for a clearer delineation between the outlet’s news and opinion divisions, citing concerns with the latter’s “lack of fact-checking and transparency”.
The Journal’s editorial board had a pointed message for its colleagues: “It was probably inevitable that the wave of progressive cancel culture would arrive at the Journal, as it has at nearly every other cultural, business, academic and journalistic institution. But we are not the New York Times.”
Those who signed the letter though said they were seeking modest changes, referencing issues with past articles, including a June op-ed published by Vice President Mike Pence titled, “There Isn’t a Coronavirus ‘Second Wave'” and another widely read piece from that month, “The Myth of Systemic Police Racism”.
James Murdoch is a former chief executive of 21st Century Fox. He was once seen as a potential successor to his father, before his brother Lachlan came back to the family business in 2014. James Murdoch largely split from the family business following the sale of Fox’s entertainment assets to Disney last year. He reportedly walked away with about $US2 billion.
Since leaving the family business, Mr Murdoch founded a private investment company called Lupa Systems, with offices in New York and Mumbai. Lupa refers to the she-wolf from the tale of Romulus and Remus and the symbol of the city of Rome.
Lupa Systems is bidding for a significant stake in the company that owns the Art Basel fairs. The company also has stakes in Vice Media and Morning Consult as well as the Tribeca Film Festival, Artists,Writers & Artisans, and Void.
Murdoch and his wife, Kathyrn, have long been major donors to left-leaning causes and political candidates. They very publicly donated $US1 million to the Anti-Defamation League in August 2017 after the protests in Charlottesville, Virginia, calling out “hate and bigotry”.
The two are the co-founders of Quadrivium, which has five main focus areas: democracy; technology and society; scientific understanding; climate change; and, ocean health.
In terms of its focus on democracy, Quadrivium says on its website that it “is working to restore the health of our US democracy at a time of increasing polarisation and dysfunction within the system”.
James Murdoch has donated to the presidential campaigns of former South Bend, Indiana, mayor Pete Buttigieg, former Colorado governor John Hickenlooper, and more recently, former vice president Joe Biden.
With files from The Washington Post
Active Stock News: 3D Systems Corporation (NYSE:DDD), FuelCell Energy (NASDAQ:FCEL), Sanofi SA (ADR) (NYSE:SNY), Coeur Mining (NYSE:CDE)
On Monday, Shares of 3D Systems Corporation (NYSE:DDD), lost -3.90% to $11.70.
3D Systems, declared that, for the third successive year, it is supporting the Inspired Minds education program at TCT + Personalize, to be held in Birmingham, UK on September 30 October 1, 2015. As part of its commitment to promoting and advancing digital literacy in K-12 education, 3DS will provide its flagship Cube(R) desktop 3D printers and SenseTM 3D scanners for the program, enabling students to experience real world design and manufacturing thinking.
3D Systems Corporation, through its auxiliaries, operates as a provider of 3D printing centric design-to-manufacturing solutions in the Americas, Germany, and the Asia-Pacific, in addition to other European, the Middle East, and African countries.
Shares of FuelCell Energy Inc (NASDAQ:FCEL), inclined 6.36% to $0.739, during its last trading session.
FuelCell Energy, declared a note worthy industry milestone by generating four billion kilowatt hours (kWh) of virtually pollutant-free electricity from the global fleet of Direct FuelCell (DFC®) power plants since the first commercial installation in 2003. Adequate to power more than 362,000 average U.S. homes for one year, this power was efficiently produced by fuel cells electrochemically, quietly emitting water vapor rather than pollutants. One billion kWh of power was generated in just the past nine months reflecting the growing global adoption of affordable and environmentally friendly fuel cell power plants.
Four billion kWh of power generated by FuelCell Energy power plants, when contrast to the average U.S. fossil fuel power plant, avoided the annual greenhouse gas emissions of more than 408,000 cars, or the carbon sequestered by more than 1.6 million acres of U.S. forests in one year. FuelCell Energy power plants are efficiently generating ultra-clean power on three continents and four billion kWh of power is adequate to power about 362,000 U.S. homes or 905,000 German homes or 1,115,000 South Korean homes for one year.
FuelCell Energy, Inc., together its auxiliaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company is also involved in the development, design, production, and sale of fuel cell products under the Direct FuelCell name.
At the end of Monday’s trade, Shares of Sanofi SA (ADR) (NYSE:SNY), lost -1.50% to $46.78.
Sanofi, declared that it has reached a settlement agreement with Eli Lilly and Company (Lilly), which addresses patents on Sanofis Lantus SoloSTAR (insulin glargine). The agreement resolves a U.S. patent infringement lawsuit regarding Lillys pursuit of regulatory approval for a product that would compete with Lantus SoloSTAR. Sanofi and Lilly agreed to end that lawsuit and to discontinue similar disputes worldwide.
Under the agreement, Lilly will pay royalties to Sanofi in exchange for a license to certain Sanofi patents. In the U.S., Lilly will not sell its insulin glargine product before December 15, 2016. The agreement does not comprise Lantus (vial), Toujeoor combination products. The remaining settlement terms are confidential.
Sanofi will continue its commitment to develop and deliver innovations for the more than 387 million people globally living with diabetes.
Sanofi researches, develops, and markets various therapeutic solutions. Its products comprise diabetes solutions, counting Lantus, Apidra, and Insuman that are human insulin analogs; Amaryl, an oral sulfonylurea; Lyxumia, a glucagon-like peptide-1 receptor agonist; and Afrezza, an inhaled insulin to improve glycemic control, in addition to Toujeo, an insulin glargine.
Finally, Shares of Coeur Mining Inc (NYSE:CDE), ended its last trade with -6.94% loss, and closed at $2.75.
Coeur Mining, President, Chief Executive Officer, and Director, Mitchell J. Krebs, presented at the Denver Gold Forum in Denver, Colorado on September 21, 2015 at about 10:20 a.m. local time.
Coeur’s Senior Vice President and Chief Financial Officer, Peter C. Mitchell, will present at the Deutsche Bank Leveraged Finance Conference in Scottsdale, Arizona on September 30, 2015 at about 1:35 p.m. local time
Coeur Mining, Inc., through its auxiliaries, engages in the ownership, operation, exploration, and development of silver and gold mining properties primarily in the United States, Mexico, Bolivia, Argentina, Australia, Ecuador, Chile, and New Zealand.
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Author: About Travis Garlick
Dividend Investors: Don’t Be Too Quick To Buy Capitol Federal Financial, Inc. (NASDAQ:CFFN) For Its Upcoming Dividend
Capitol Federal Financial, Inc. (NASDAQ:CFFN) stock is about to trade ex-dividend in four days. Ex-dividend means that investors that purchase the stock on or after the 6th of August will not receive this dividend, which will be paid on the 21st of August.
Capitol Federal Financial’s next dividend payment will be US$0.085 per share, on the back of last year when the company paid a total of US$0.93 to shareholders. Based on the last year’s worth of payments, Capitol Federal Financial has a trailing yield of 9.6% on the current stock price of $9.65. We love seeing companies pay a dividend, but it’s also important to be sure that laying the golden eggs isn’t going to kill our golden goose! We need to see whether the dividend is covered by earnings and if it’s growing.
Check out our latest analysis for Capitol Federal Financial
If a company pays out more in dividends than it earned, then the dividend might become unsustainable – hardly an ideal situation. Capitol Federal Financial is paying out an acceptable 68% of its profit, a common payout level among most companies.
Generally speaking, the lower a company’s payout ratios, the more resilient its dividend usually is.
Click here to see the company’s payout ratio, plus analyst estimates of its future dividends.
Businesses with shrinking earnings are tricky from a dividend perspective. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. That’s why it’s not ideal to see Capitol Federal Financial’s earnings per share have been shrinking at 2.2% a year over the previous five years.
The main way most investors will assess a company’s dividend prospects is by checking the historical rate of dividend growth. Capitol Federal Financial has seen its dividend decline 0.8% per annum on average over the past 10 years, which is not great to see.
Has Capitol Federal Financial got what it takes to maintain its dividend payments? We’re not overly enthused to see Capitol Federal Financial’s earnings in retreat at the same time as the company is paying out more than half of its earnings as dividends to shareholders. Capitol Federal Financial doesn’t appear to have a lot going for it, and we’re not inclined to take a risk on owning it for the dividend.
With that in mind though, if the poor dividend characteristics of Capitol Federal Financial don’t faze you, it’s worth being mindful of the risks involved with this business. Our analysis shows 2 warning signs for Capitol Federal Financial and you should be aware of them before buying any shares.
We wouldn’t recommend just buying the first dividend stock you see, though. Here’s a list of interesting dividend stocks with a greater than 2% yield and an upcoming dividend.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Author: Simply Wall St