ResCare Reports Second Quarter 2009 Results Aug 7, 2009
45 per diluted common share, as a result of an increase in legal reserves ... 4 million, recorded as a result of the Company's increasing its legal reserves due to adverse developments on four lawsuits. (Primezone Releases)
* Cabinet upholds shareholder rights Jul 3, 2009
The proposed amendment also states that a company that does not suffer losses can opt to distribute a portion or all of its legal reserves and capital surplus to its shareholders in the form of cash or stock dividends ... That is, companies can only distribute up to 90 percent of earnings as dividends to shareholders and have to put aside 10 percent of the earnings as legal reserves. (Taipei Times, Taiwan -- Business)
Bancolombia S.A. Announces Consolidated Financial Results for 1Q09 May 8, 2009
5%, as compared to the previous quarter due to higher appropriation of legal reserves and retained earnings; and additional capital (tier 2) increased Ps. 519 billion, or 40. (PR Newswire)
* Bank of Japan to bolster capital to secure currency Apr 13, 2009
The bank aims to boost its legal reserves X part of its capital X by some D60 billion (US$598 million) a year by reducing the amount it pays to the state coffers, the newspaper reported. The Japanese central bank has established a framework for buying up to D5 trillion in risk assets, such as corporate bonds, commercial paper and bank-held stocks, to help improve corporate financial conditions. (Taipei Times, Taiwan -- Sports)
ResCare Reports Fourth Quarter and Year-End 2008 Results Mar 10, 2009
07 per diluted common share) reduction of the legal reserves established during the second quarter of 2008 ... 1 million reduction of legal reserves ... 3 million recorded when the Company increased its legal reserves to reflect the estimated cost to resolve four legal matters. (Primezone Releases)
Bancolombia S.A. Announces Approval by the General Shareholders Meeting of Distribution of 2008 Profits Mar 3, 2009
538,776,428 to increase the legal reserves. SOURCE Bancolombia S.A.. (PR Newswire)
