Certain DWS Closed-End Funds Declare Monthly Distributions
The DWS closed-end funds listed below announced today regular monthly distributions.
Declaration- 2/5/2010 Ex-Date- 2/11/2010 Record- 2/16/2010 Payable- 2/26/2010
DWS High Income Trust seeks to provide the highest current income obtainable, consistent with reasonable risk, with capital gains secondary. The fund invests in individual bonds whose yields and market values fluctuate, so that your investment may be worth more or less than its original cost. The fund may invest in lower-quality and nonrated securities, which present greater risk of loss of principal and interest than higher-quality securities. Bond investments are subject to interest rate risk such that when interest rates rise, the prices of the bonds, and thus the value of the bond fund, can decline and the investor can lose principal value. [Read the full article]
TAMPA, Fla. (AP) — Electric and natural gas utility owner Teco Energy Inc. said its fourth-quarter profit more than doubled as cost reductions offset a decline in revenue.
CHELMSFORD, Mass. (AP) — Brooks Automation Inc., which supplies semiconductor manufacturers, said its fiscal 2010 first-quarter loss narrowed on a boost in product sales. But the results were below Wall Street’s expectations and the company’s stock took a hit.
DENVER (AP) — The homebuilder MDC Holdings Inc. said it earned $127 million in the fourth quarter in contrast to a loss a year earlier, helped by higher revenue and a hefty tax gain.
DETROIT (AP) — The auto parts supplier American Axle & Manufacturing Holdings Inc. posted a profit for the fourth quarter, aided by a tax refund.
GREENSBURG, Pa. [Read the full article]
Sunoco Inc. said its fourth-profit plummeted as it struggled with weak demand for energy products.
The Philadelphia refiner said Thursday it recorded net income of $26 million, or 22 cents per share, in October through December. That compares with a profit of $204 million, or $1.74 per share, a year earlier.
The most recent results reflect one-time gains of $57 million. Excluding those, the company posted a net loss of $31 million, or 27 cents a share.
For the year, Sunoco reported a net loss of $329 million, or $2.81 per share. In 2008, it earned $776 million, or $6.63 a share.
The company expects the market for petroleum and chemical products to remain challenging because of the weak economy and excess supply.
Copyright © 2010 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten, or redistributed without the prior written authority of The Associated Press. [Read the full article]
Banco Santander Chile (NYSE: SAN; SSE: Bsantander) announced today its unaudited results for the fourth quarter of 2009. These results are reported on a consolidated basis in accordance with Chilean GAAP(1) in nominal Chilean pesos.
In 4Q09, net income attributable to shareholders totaled Ch$137,309 million (Ch$0.73 per share and US$1.49/ADR(2)). These results represent an increase of 24.9% compared to 3Q09 (from now on QoQ) and an increase of 46.6% compared to restated 4Q08 figures (from now on YoY). Compared to historical figures (not adjusted for the new accounting standards), net income attributable to shareholders increased 77.0% YoY in 4Q09. Adjusting for one-time pre-tax income of Ch$15,686 million in the quarter, net income increased 13.1% QoQ and 32.7% YoY.
With these results, the Bank’s ROAE in the quarter reached 34.1%. The Bank currently has the highest ROE among the banks operating in Chile. [Read the full article]