Costs higher than planned
Article Abstract:
Merrill Lynch Japan Securities Co., a retail division of Merrill Lynch & Co. in Japan, is expecting to increase its start-up cost by $65 million to approximately $190 million, higher than its initial projections in 1998, according to a company spokesman. The increased forecast is a result of higher personnel training expenses and lower revenue. The division is also expected to absorb a $125-million pretax charge in its first year and a $30-million pretax charge in the second, said Merrill Lynch officials. The Merrill Lynch unit is a provider of stock, bond and mutual fund products to Japanese individual investors.
Comment:
Expects to increase its start-up cost by $65 million to approximately $190 million, higher than its initial projections in 1998
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Brierley focuses on dividends
Article Abstract:
Brierley Investments Ltd., headquartered in New Zealand, concentrates its strategies on the payment and the level of payment of its dividends. The company's biggest shareholder Camerlin Group noted that Brierley may lose its dividends that will be used to fund Camerlin's debt repayments. Camerlin, which is operated by Malaysian tycoon Quek Leng Chan and the Hong Leong Group also expressed disappointment on Brierley's failed proposal to sell its holdings in the UK-headquartered Thistle Hotels PLC.
Comment:
Concentrates its strategies on the payment and the level of payment of its dividends
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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