Equifax Inc
Article Abstract:
Equifax Inc's 1991 net income decreased from $64 million to $5.1 million as a result of its restructuring and early compliance with FAS 106. This law mandates accounting of employees' post-retirement medical benefits on an accrual basis. Equifax provides information-based administrative services to financial services firms and retail companies. Pres and CEO C.B. Rogers, Jr. predicts that their 1991 decisions will result in the company's good performance in 1992. Rogers purchased an additional 10,000 of Equifax stocks in Feb 1992 at 16-16 1/2. A 52-cent dividend was declared on the company's 82 million shares.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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Duff and Phelps Corporation
Article Abstract:
Securities credit-rating firm Duff and Phelps Corp covered its previous buyout expenditures from Freeman Spogli and Co with the $50 million it raised during its initial public offering in Mar 1992. Freeman Spogli's stake went down to 49% as a result of the offering. The strong performance of Duff and Phelps was marked by maintaining its share price at $18 or above in a mercurial market environment. No dividend payment is made on the 11.3 million shares, of which 25% is held by insiders.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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