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Abbott CEO's pay falls on reduced stock options
AP News
Abbott Laboratories gives CEO almost $22 million in pay, down on lower stock optionsThe chairman and CEO at Abbott Laboratories received a 13 percent drop in total compensation last year, mainly as a result of reduced stock options. The North Chicago-based company disclosed in a regulatory filing Monday that Miles ...
Phillips-Van Heusen to buy Hilfiger for $3 billion
Reuters US Online Report Business News
NEW YORK/BANGALORE (Reuters) - Phillips-Van Heusen <PVH.N>, owner of the Calvin Klein label, agreed to buy fashion brand Tommy Hilfiger from London-based Apax Partners <APAX.UL> in a $3 billion cash-and-stock deal to boost its presence in Europe and Asia. The deal would make Phillips-Van ...
AIG closes Transatlantic Holdings public offering
AP News
AIG closes $452 million public offering of Transatlantic HoldingsInsurer American International Group Inc. said Monday it closed a secondary public offering of Transatlantic Holdings Inc. for about $452 million. The nearly 8.5 million shares of common stock were owned by American Home Assurance Co., a subsidiary of AIG. As ...
Limited Brands to pay $1 dividend, start buyback
AP News
Limited Brands declares dividend of $1, authorizes buying back $200 million in sharesRetailer Limited Brands Inc., owner of Victoria's Secret, said Monday that its board of directors has declared a special dividend of $1 per share and authorized a share repurchase program of $200 million. The dividend is payable ...
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