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To embed, copy and paste the code into your website or blog: A dividend involves three steps.  First, the dividend is declared by the board of directors, second a record date is determined by the board (or by corporate law), and lastly the dividend is paid.  Occasionally, the question arises whether a board may cancel a dividend after it has been declared and before either the record or payment dates. The Court of Appeal in Smith v. Taeker, 133 Cal. App. 351, 352, 24 P.2d 182 (1933), found that it was "universally held" that the mere declaration of a dividend creates debts against the corp...

Elon Musk wants to create his own city. Here’s how that could work By Samantha Masunaga, Los Angeles Times Published: April 11, 2021, 6:02am Share: FILE - In this March 9, 2020, file photo, Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington. Musk has tweeted his way into trouble with another federal agency, this time the National Labor Relations Board. The board on Thursday, March 25, 2021 found that a Musk tweet in May of 2018 unlawfully threatened employees with loss of stock options if they decided to be...

Starbase, Texas: Can Elon Musk really create his own city near SpaceX’s Gulf Coast launchpad? The SpaceX CEO is hardly the first entrepreneur to think about forming a city. The sky begins to light up before sunrise over a prototype of the SpaceX Starship at the SpaceX launch facility in Boca Chica.(Smiley N. Pool / Staff Photographer) By Tribune News Service The secluded Texas beachside community of Boca Chica Village was once a haven for retirees, snowbirds and outdoorsy people who enjoyed dirt biking, fishing or lounging near the water. Today, traffic backs up the lone highway out of the ...

Protests over George Floyd's killing included one in Miami May 31, 2020, (Hanna Tverdokhib/Dreamstime.com) By Lynne Perri Share this story Over the course of 2020, the Investigative Reporting Workshop produced 20 investigations into subject areas we’ve focused on since we began publishing 11 years ago: Banking, immigration, health and the environment. Nearly 1 million people in small, disadvantaged California communities are divided from their neighbors by a lack of access to safe and affordable drinking water. (Lance M. Yamamoto) Water Our environmental coverage grew and included tw...

By Jon Sullivan Dec 31, 2020 KPRC-AM 950, Houston's longest-operating radio station, begins its 96th year on the air in 2021. The station can trace its roots back to 1923 when 16-year-old Ross Sterling Jr., intrigued with the emerging idea of broadcasting, took a YMCA course in radio from Alfred P. Daniel, owner of Houston station WCAK. Sterling's father, Ross Sr., who was board chairman at the Houston Post-Dispatch newspaper, took note of his son's interest and persuaded Daniel to help the young man start a new station to be associated with the paper. (L-R) Ross Sterling Sr., Ross Sterling ...