Asbury Automotive Group Inc. declared a regular quarterly dividend of 22.5 cents. The auto retailer said Wednesday the dividend is payable June 16 to shareholders of record May 19.
May 20, 2008
Pension Funds Blamed For Commodities Spike (at Minyanville.com)
Institutional investors may have skirted regulations to speculate on oil, food.
Fannie CEO sees steep home-price drop (AP)
Fannie Mae’s CEO told shareholders Tuesday that the housing market is “about halfway through” its crisis and home prices could fall as much as 25 percent before the worst is over.