It’s been a long, almost 10-year ride, but shareholders of Montreal-headquartered Jean Coutu Group are finally getting something back from the company’s ill-fated adventure south of the border.
This week, on the back of strong earnings, it announced a special $0.50 a share special dividend plus the buy-back of 22 million shares at $18.50 a share. The profits gained from the sale of its remaining stake in Rite Aid, a U.S. pharmacy chain will help with funding those two shareholder-friendly initiatives.
Iraq is sharpening a push to sell its swelling crude output and sit at oil’s top table with Saudi Arabia, sweetening terms for contract buyers next year, its customers say.
Iraqi Oil Minister Abdul-Kareem Luaibi held court to oil executives in Vienna’s Hotel Imperial last week on the sidelines of an OPEC meeting. Some buyers have said they were concerned by higher prices and variable quality.
Homeland Security Secretary Jeh Johnson said on Monday he reassigned the acting administrator for the Transportation Security Administration after earlier ordering improved security at U.S. airports. TSA failed to detect mock explosives and weapons in 95 percent of tests carried out by undercover agents.
Blog Post by Secretary of Commerce Penny
About a month ago, Homeland Security Secretary Jeh Johnson
and I each sent our respective workforces (around 280,000 people
combined) a declaration of joint principles we developed to capture our shared
Today, I want to share this message more broadly. We all owe
Secretary Johnson, his leadership team, and the more than 240,000 men and women
of the Department of Homeland Security a debt of gratitude for their hard and
often dangerous work securing our borders and keeping this country safe.
Secretary Johnson is also keenly aware of the essential role
DHS plays every day in facilitating the lawful trade of goods and
services—trade that is vital to our economic security and competitiveness, and
that is at the core of Commerce’s mission.
DHS and Commerce are therefore key partners in the
Administration’s economic growth agenda. During our recent meetings, Secretary
Johnson and I have recommitted ourselves to personally overseeing progress in a
variety of initiatives that are priorities of both Departments.
President Barack Obama on Friday nominated Jeh Johnson to succeed Janet Napolitano as Secretary of the Department of Homeland Security. Johnson (pronounced "Jay") comes to DHS from the Pentagon, where he served as the Department of Defense's top lawyer and legal counsel during the first term of the Obama administration, after which he left to return to private practice.