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Kimberly-Clark: Softex Paves Entry Into Large Indonesia Market And You Get A 3% Yield To Boot (NYSE:KMB)

October 5, 2020

In early September Kimberly-Clark (KMB) announced a definitive agreement to acquire Softex Indonesia for ~$1.2 billion in cash. Softex is a leader in the personal-care products sector in Indonesia – the largest economy in Southeast Asia. The price looks quite reasonable and strategically the acquisition is an obvious plus moving forward. Combined with recent sales growth, KMB’s near 3% yield in a negative real interest rate environment makes the shares attractive.

Softex

Softex had sales (primarily diapers) of ~US$420 million in 2019 means the buyout was at a 3x multiple of sales, quite reasonable considering Softex had been growing sales at a double-digit rate. The two companies are an excellent strategic fit given KMB’s entry into Indonesia – at 267 million people, the fourth most populous country on Earth – and the symbiotic fit of Softex’s diapers business with KMB’s line of Huggies, Depends, Pull-ups, and Kotex.

Note the US$420

Small pipeline, large worries for some S. Carolina residents

October 3, 2020

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PAMPLICO, S.C. (AP) — The land agent who arrived at Reatha Jefferson’s door in May, unannounced and unmasked in the middle of the pandemic, told her he was giving her one more chance.

The agent was there on behalf of Virginia-based utility giant Dominion Energy. He wanted to see if Jefferson would let Dominion run a new natural gas pipeline through the land her great-grandfather, a rural Black farmer, had bought more than a century ago in Pamplico, South Carolina.

Jefferson sent the agent away and in July, the utility served her with court papers in an attempt to use eminent domain to build the pipeline.

The proposed 14.5-mile-long (23-kilometer-long) gas line is small in contrast to projects like the recently canceled Atlantic Coast Pipeline, or even a 55-mile-long (88.5-kilometer-long) pipeline Dominion built recently in the state. But for Jefferson, it threatens to stain the land where her relatives once

Jets commit six personal fouls as ‘brutal’ penalties loom large in loss to Broncos

October 2, 2020

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Jets Quinnen Williams commits facemask penalty

Facing a fellow 0-3 team in the Denver Broncos, the Jets had their chances to come out of Thursday’s game with their first win of the season, but costly penalties seemed to get in their way at every turn in the 37-28 loss.

As a team, the Jets had 11 penalties for 118 yards, including six personal fouls. Perhaps none of them were more costly than Quinnen Williams’ facemask penalty against Brett Rypien, which negated a third-down sack that would have forced the Broncos to punt from deep in their own territory.

The Jets had just taken a 28-27 lead, but the penalty allowed the Broncos’ drive to continue. Denver would capitalize on the second life with afield goal to go up 30-28, before later icing the game with along Melvin Gordon touchdown.

“We had multiple chances to get off the field. We

Everything we know about how large your second relief payment may be

September 30, 2020

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Could you get a second stimulus check before the election on Nov. 3 if you qualify, and how much could you get?

text: We help you estimate the maximum amount that could end up in your bank account if another stimulus payment arrives. Angela Lang/CNET

© Provided by CNET
We help you estimate the maximum amount that could end up in your bank account if another stimulus payment arrives. Angela Lang/CNET

Now that House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin have restarted negotiations to pass another coronavirus rescue package, there’s still a chance of another round of payments. House Democrats have a new relief proposal worth $2.2 trillion that includes a check as well as other items like $600 per week in federal unemployment benefits — it may be voted on as soon as this week. If it actually passes the House, the Senate could vote on it or Senate Majority Leader Mitch McConnell may choose to let it languish like the original Heroes Act from May instead of taking

Everything we know about how large your second relief payment might be

September 29, 2020

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Is there a possibility that you could receive a second stimulus check before the Nov. 3 election, and if so, how much could you receive if you are eligible?

text: We help you estimate the maximum amount that could end up in your bank account if another stimulus payment arrives. Angela Lang/CNET

© Provided by CNET
We help you estimate the maximum amount that could end up in your bank account if another stimulus payment arrives. Angela Lang/CNET

A ray of hope emerged with the news that House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin have restarted negotiations to pass another coronavirus rescue package. House Democrats have a new relief proposal worth $2.2 trillion that may be voted on as soon as Oct. 2. It includes a check as well as other items like $600 per week in federal unemployment benefits. If it actually passes the House, the Senate could choose to pick it up for a vote, or, as was the case with the Heroes Act that passed the

Convicted donor looms large in NC insurance commissioner race

September 29, 2020

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RALEIGH

Convicted billionaire campaign donor Greg Lindberg’s name is coming up a lot in the race for insurance commissioner. This year’s contest for the regulatory office is a rematch from 2016, with Republican incumbent Mike Causey facing the two-term Democrat he defeated four years ago: Wayne Goodwin, who’s now chairman of the N.C. Democratic Party.

Causey played an instrumental role in the bribery case, wearing a wire for federal investigators and recording conversations in which Lindberg, his associates and then-N.C. Republican Party Chairman Robin Hayes offered to bribe Causey with big campaign contributions in exchange for taking action that Lindberg sought for his insurance companies, according to court documents. Lindberg was recently sentenced to seven years in prison.

Goodwin was never accused of any criminal acts in the investigation. But he benefited from campaign contributions from Lindberg in 2016 — including a $500,000 donation to a PAC supporting Goodwin’s

Stimulus check money: Everything we know about how large your second payment could be

September 28, 2020

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Could a second stimulus check happen before the Nov. 3 election, and, if so, how much could you get if you qualify a new payment? Now that Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi have agreed to resume negotiations to pass another, there’s still hope.

House Democrats hope to score a vote on a new relief proposal worth $2.4 trillion on Oct. 2. If it passes, the Senate could choose to pick it up, or, like the Heroes Act that the House passed in May, could do nothing.

The first stimulus check sent up to $1,200 per adult, but a second stimulus payment could be lower or higher, particularly if the qualifications for dependents are broadened or if your financial circumstances have changed since

Stimulus check money: Everything we know about how large your second payment might be

September 27, 2020

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Could you get a second stimulus check before the Nov. 3 election, and, if so, for how much? Now that Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi have agreed to resume negotiations on an economic rescue package, it could still happen.

House Democrats are readying a new relief proposal worth $2.4 trillion that may get a House vote on Oct. 2. If it passes, the Senate would have the chance to vote and negotiations could potentially kick into high gear — or the Senate could leave it to languish.

The first stimulus check had a maximum amount of $1,200 per adult, but a second stimulus payment could be lower or higher, particularly if eligibility rules concerning your dependents change. These new qualifications (among others)

Everything we know about how large your second payment may be

September 27, 2020

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What are the chances you could get a second stimulus check before the Nov. 3 election, and if you did, how much money could you expect? There’s still a chance it could happen, now that Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi have agreed to resume negotiations on another economic relief package

text: We help you estimate the maximum amount that could end up in your bank account if another stimulus payment arrives. Angela Lang/CNET

© Provided by CNET
We help you estimate the maximum amount that could end up in your bank account if another stimulus payment arrives. Angela Lang/CNET

Democrats in the House of Representatives are also preparing a new, $2.4 trillion relief proposal that could receive a vote in the House on Oct. 2. If it passes, the Senate would have the chance to vote — or not — and negotiations could potentially kick into high gear.

The first stimulus check maxed out at $1,200 per adult, but a second check could bring more or less, especially