BRIEFLY.Byline: The Register-Guard REGION Monaco Coach to pay dividend of 6 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. on June 15 COBURG - Monaco Coach Corp. will pay a cash dividend of 6 cents per share on June 15 to stockholders of record on June 1, the RV maker announced. It will be 10th consecutive quarter Monaco has paid a cash dividend. Monaco is headquartered in Coburg and employs about 6,000 employees here and in Indiana. It builds motor homes and trailers under the Monaco, Holiday Rambler ram·bler n. 1. One that rambles: tourists and Sunday ramblers on the village streets; a conversational rambler. 2. A type of climbing rose having numerous red, pink, or white flowers. , Safari, Beaver, McKenzie and R-Vision brand names. NATION Bank fraud case against Enron's Lay goes to judge HOUSTON - Prosecutors described Enron Corp. founder Kenneth Lay Kenneth Lee "Ken" Lay (April 15, 1942 – July 5, 2006) was an American businessman, best known for his role in the widely-reported corruption scandal that led to the downfall of Enron Corporation. as a sophisticated hands-on investor Hands-On Investor An investor who holds a large portion of a company's shares and takes an active management role. Notes: The majority shareholders are usually hands-on investors and have the a great influence on the company's management decisions. who wanted to pry loans from banks so he could buy stock, even though he knew federal rules prohibited him from using the money for that purpose. But Lay's lawyer, in closing arguments Tuesday at Lay's bank fraud trial, insisted he had no intention to defraud or mislead bankers eager to get his business and wasn't aware of the regulations because he was more focused on the big picture of running Enron and not closely managing his own personal finances. The three-day case went to U.S. District Judge Sim Lake Sim Lake is an American judge and attorney who has served on the United States District Court for the Southern District of Texas since 1988. He notably presided over the the trial of Enron Chairman Ken Lay and former Chief Executive Officer Jeff Skilling. , who heard it without a jury. Lake will not release his verdict until a jury finishes its deliberations in the main case involving Lay and former Enron Chief Executive Jeffrey Skilling. The jury in that case, where Lay faces six charges and Skilling 28, including insider trading, deliberated Tuesday for a fourth day. Toll Brothers posts income gain, but full-year outlook is lowered PHILADELPHIA - Luxury home builder Toll Brothers Inc. reported a 3 percent increase in net income for the second quarter but said higher materials and labor costs as well as steeper write-downs will contribute to lower earnings for the full year. But Robert Toll, chief executive of the Horsham-based company, told analysts in a conference call that he expects excess inventory in the market from speculators to shake out in about six months. ``Demand should once again exceed supply and prices should start to rise again,'' he said. Shares of Toll Brothers rose 45 cents, or 1.7 percent, to close at $27.35 on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Whirlpool lowers '06 guidance because of Maytag acquisition GRAND RAPIDS Grand Rapids, city (1990 pop. 189,126), seat of Kent co., SW central Mich., on the Grand River; inc. 1850. The second largest city in the state, it is a distribution, wholesale, and industrial center for an area that yields fruit, dairy products, farm produce, , Mich. - Appliance maker Whirlpool Corp. said Tuesday that it has lowered its earnings guidance for 2006 to reflect the acquisition and integration of its former rival, Maytag Corp. Still, Whirlpool shares rose $3.38, or 4 percent, to close at $88 on the New York Stock Exchange. Laura Champine, an analyst with Morgan Keegan & Co. Inc., said she believes that the price of Whirlpool's shares increased because of the company's optimism about next year. Whirlpool also said that it wants to sell Maytag's Hoover vacuum cleaner vacuum cleaner, mechanical device using a draft of air to remove dust, loose dirt, or other particulate matter from dry surfaces. It is especially useful on highly textured surfaces, such as carpets and upholstery, that are difficult to clean by wiping or brushing. business and three Maytag commercial vending and appliance brands. Wal-Mart urged to live up to its `moral responsibilities' One of Wal-Mart's most vocal union-funded critics took out a full-page ad in The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times on Tuesday calling on the company to live up to the ``moral responsibilities'' of being the world's largest private employer by improving wages and health insurance. Wal-Mart Watch Wal-Mart Watch, formed in the spring of 2005, is a joint project of The Center for Community and Corporate Ethics, a non-profit organization studying the impact of large corporations on society and its advocacy arm, Five Stones. urged the retailer to enter a voluntary deal to improve its business practices, calling it ``a handshake with Sam'' in reference to Wal-Mart's late founder, Sam Walton Samuel Moore Walton (March 29 1918 – April 6 1992), born in Kingfisher, Oklahoma was the founder of two American retailers Wal-Mart and Sam's Club. He was the patriarch of the Walton family, one of the richest families in the world. . That deal would involve seven voluntary commitments, including ensuring quality, affordable health insurance and paying a ``family sustaining wage.' Wal-Mart Stores Inc., based in Bentonville, Ark., dismissed the ad and said it has no plans to respond to the union group. - From Register-Guard and news service reports |
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