Chasing the Yield
Investing for income through dividends and distributions
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J&J files lawsuit against SaveOnSP
J&J, of New Brunswick, N.J., said in the lawsuit that it has paid at least $100 million more in copay assistance than it otherwise would have as a result of the services provided by the firm, SaveOnSP, which has offices in Buffalo, N.Y. The civil lawsuit, filed in federal court in New Jersey, accuses SaveOnSP…
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Why energy companies aren’t increasing natural gas supplies
Bad for consumers but good for investors. Let’s assume just about all investors are also natural gas consumers so this is a double edged sword. According to the Wall Street Journal, in lieu of producing more natural gas U.S. producers are instead shoring up their bottom lines, buying back shares, and providing dividends. The pursuit…
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American Petroleum Institute proposes U.S. adopt carbon tax
I suspect this proposal will allow oil companies to fight activist investors. I don’t believe in the effectiveness of any carbon tax or cap & trade scheme. The API proposal calls for assessing gasoline wholesalers, power plants and others a tax starting at $35 to $50 a ton for carbon dioxide generated by the fossil…
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IBM revenue jumps 8% on hybrid cloud
Revenue rose to $14.2 billion, from $13.19 billion a year earlier, beating analysts’ expected $13.78 billion, according to FactSet. The results were boosted by a 14% revenue increase from the hybrid cloud, which straddles public clouds, private clouds and as-a-service properties. The company now expects revenue growth this year at the high end of its…
