Stocks are a share of the ownership of a company. If the company does well, or even if everyone thinks the company is going to do well, the price of the stock goes up. In addition, many companies give a little dividend payment each year to the stockholders, which provides extra value.
Showing posts with label California sells $500 million RANs privately. Show all posts
Showing posts with label California sells $500 million RANs privately. Show all posts

California sells $500 million RANs privately

The California state treasurers office said on Monday it closed a $500 million sale of revenue anticipation notes to Golden 1 Credit Union in a private placement deal. "Completion of the Golden 1 transaction reduces to $1.5 billion the amount of RAN borrowing needed to meet the states cash-flow requirements through the end of the 2008-09 fiscal year," State Treasurer Bill Lockyers spokesman Tom Dresslar said in an e-mail to Reuters.

Wednesday, March 25, 2009

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