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RPT-Market Chatter-Corporate finance press digest

OUR VIEW: Campaign finance laws need teeth

sister plant in the deal, a source with knowledge of the matter said. * Swedish refiner Nynas will win unconditional EU antitrust approval for its proposed acquisition of most units of Royal Dutch Shell's Harburg refinery, a person familiar with the matter said on Thursday. * AT&T Inc will examine Vodafone Group Plc's remaining assets after Verizon Communications buys out the British mobile carrier's stake in Verizon Wireless, Bloomberg reported, citing people familiar with the matter. * L'Oreal will be ready to buy Nestle's 29.5 percent stake in the French cosmetics giant next year, French daily Les Echos reported, citing L'Oreal Chief Executive Jean-Paul Agon.

Corporate finance leaders should empower end users through technology

No, it's not a bad joke. The answer is an apt metaphor for today's expanding chief financial officer (CFO) role offered by Rahul Mathur during a panel discussion at the Proformative CFO Dimensions conference last week in New York City. "I think the truth is we each have to be like Baskin Robbins -- there are 31 flavors," said Mathur, vice president of financial planning and analysis at Spansion, a provider of flash memory products headquartered in Sunnyvale, Calif. The idea that finance is becoming more strategic is buzzworthy these days, but what does it actually mean?

Fifth Street Finance (FSC) Passes Through 11% Yield Mark

Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock markets total return. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 11% would appear considerably attractive if that yield is sustainable.

As long as the errors are rectified and a fine is paid, all seems to be forgiven in OCPFs eyes. The trouble is some candidates just dont seem to learn their lessons. The only time OCPF investigates campaign finance reports is when a complaint usually from a political adversary alleging violations is made. There ought to be more accountability built into the system. Ignorance of the law is no excuse, but one which can apparently be used multiple times when it comes to campaign finance law violations.

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