Temple business professor Pavlides killed Nov 19, 2009
Prior to joining Temple, Mr. Pavlides was chief operating officer and chief financial officer of StrikeForce Technologies Inc., an Edison, N.J., developer of Internet and telecommunications security technology. His previous posts include CFO of Electron Direct LLC in Wilmington; head of the Global Business Development-Finance Group of Houston-based Conoco Inc.; and managing director of global syndications for AT&T Capital Corp.. (Philadelphia Business Journal, PA)
Hero Honda set to reward investors Nov 19, 2009
5 million units with an investment of $200 million, Hero Hondas CFO Ravi Sud told ET NOW in an interview. With the high level of profitability and high EBTDA margin, the cash will continue to accumulate unless part of it is paid back to shareholders. (India Times)
HSBC's Global Clients Discuss the Challenges of International Business Nov 19, 2009
LONDON, Nov. 19 /CNW/ - Having complete control over company finances is a fundamental part of running a successful international business. " From France we go to Mexico and meet Blanca Trevino, CEO and President of Softtek, a global IT and business process solutions provider spanning 14 different countries. When doing business from Mexico to the US, fluctuations in exchange rates between the Mexican Peso and US Dollar put Softtek's profits at huge risk of shrinking with the Peso. HSBC provided... (Canada Newswire)
Stratic Energy Corporation - West Don Reserves and Operations Update Nov 19, 2009
CALGARY and LONDON, Nov. 19 /CNW/ - Stratic Energy Corporation (TSX Venture: 'SE', AIM 'SE.') ('Stratic' or the 'Company') provides an update on reserves and operating performance of its West Don field in the North Sea. The field operator is taking the necessary steps to increase the injection pump pressure levels and to resolve the issues on gas lift equipment, and we look forward to more consistent field performance once the tie-in to Thistle is complete. (Canada Newswire)
One Exploration Inc. announces 2009 3rd quarter results, property disposition and updated banking arrangements Nov 19, 2009
NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES (Canada Newswire)
Teds Montana Grill hires CFO Nov 19, 2009
Teds Montana Grill hires CFO - Wichita Business Journal ... Teds Montana Grill hires CFO. (Wichita Business Journal, KS)
Eskom appoints 3 outsiders to senior posts Nov 19, 2009
O'Flaherty is currently the chief financial officer of Al Naboodah Construction Group LLC in Dubai, in the United Arab Emirates, which he joined in July 2007. Before that, O'Flaherty spent five years at the Johannesburg-based construction company Group 5 after 14 years with PricewaterhouseCoopers. (Business Report, South Africa)
Wagner Leaving Lifetime Nov 19, 2009
Other Lifetime EVPS are Pat Langer, of business affairs, legal and human resources, and chief financial officer James Wesley. Wagner this year from New York in a Lifetime consolidation. (Multichannel News)
> The Pitch: SanScape provides low-cost delivery of high-end video Nov 19, 2009
Larry Lau is a chief financial officer and senior executive consultant with LLC. Michelle Messina is a market-entry strategist with LLC.. MONEY BEING SOUGHT: $1 million to deliver the product to the market. (San Jose Business Journal, CA)
DirecTV chooses PepsiCo exec to fill CEO vacancy Nov 19, 2009
He joined PepsiCo in 1990 and has held various management positions, including chief financial officer. White was involved in various acquisitions at PepsiCo, including those of the company's two largest bottlers, and. (USA Today -- Money)
Citi raises salaries for some execs, not CEO Nov 19, 2009
NEW YORK (AP) said its chief financial officer and co-head of global markets are getting raises, while CEO will continue to collect a salary of $1 per year. Citigroup , based in New York, faces restrictions on executive compensation because it received $45 billion in government bailout money after the peak of the credit crisis last fall. (USA Today -- Money)
Those with, without work to compete for seasonal jobs Nov 19, 2009
CFO Kurt Kuehn started off as a holiday employee. Some folks may not realize the longer-term potential that comes with working holiday shifts, Cole says, "but it might turn into something good.". (USA Today -- Money)
Goldman Sachs, Buffett to help small businesses Nov 19, 2009
David Viniar, Goldman's chief financial officer, has said the bank is "very focused on the economic climate" and will take that into account when decisions about workers' bonuses are made at the end of the year. With the bank's public profile under attack, Blankfein reportedly admitted at a conference in New York Tuesday that Goldman made mistakes leading up to the financial crisis. (USA Today -- Money)
Playboy shares fall as equity firm denies interest in publisher Nov 19, 2009
Playboy is also looking for a new chief financial officer. The company said Monday that current CFO Linda G. Havard will leave her post at the end of the year. (USA Today -- Money)
Boston Store parent gains new credit pact Nov 19, 2009
The new credit facilities will enable Bon-Ton to effectively manage its business through the challenging macroeconomic environment, said executive vice president and chief financial officer Keith Plowman. The facilities provide Bon-Ton with increased liquidity, he said. (Milwaukee Business Journal, WI)
Bon-Ton Secures $675M Credit Facility Nov 19, 2009
Chief Financial Officer Keith Plowman said in a statement it would give the company greater liquidity. Bon-Tons operates department stores under the names Bergner's, Boston Store, Herberger's, Younkers and others in the Northeast and Midwest. (ABC News -- Wire)
Ball Corp. Shuffling Senior Management in 2010 Nov 19, 2009
In other senior management changes announced Wednesday, Chief Financial Officer Raymond J. Seabrook will become chief operating officer of global packaging operations next year, reporting to Hayes. Treasurer and Vice President Scott C. Morrison will become senior vice president and chief financial officer while remaining treasurer. (ABC News -- Wire)
Studio featured on 'Queer Eye' ready to sell its shares Nov 19, 2009
The planned IPO "is something we've been working toward. We're excited about our potential," Chief Financial Officer David Barnard said. The company said that CIBC World Markets Corp. will lead its IPO, with shares of the deal also going to William Blair nd SG Cowen Securities. (Yahoo News -- Queer Eye for the Straight Guy)
Infineon Posts Profit After 10 Quarterly Losses on Higher Demand for Chips Nov 19, 2009
Last week, Chief Financial Officer said Infineon was a good example of how the economic crisis had affected a company. In January, Qimonda, a spun-off memory chip business in which Infineon held a 77. (Bloomberg -- Germany)
Business people Nov 19, 2009
Olgoonik Development named Ron W. Jones as vice president and chief financial officer. Jones has more than 20 years of accounting and finance experience and was previously providing business consulting services through Ron Jones Enterprises. (Anchorage Daily News)
Begich didn't disclose shortfall, report says Nov 19, 2009
Wheeler said he interviewed Begich's chief financial officer and city manager, Sharon Weddleton and Mike Abbott, and studied months of e-mails, recordings of meetings and paperwork distributed to Assembly members during the last half of 2008. Begich declined a request for an in-person interview, but responded in writing to questions faxed to him by Wheeler. (Anchorage Daily News)
The Pantry Schedules Release of Fourth Quarter and Fiscal Year 2009 Results and Conference Call Nov 19, 2009
Terrance M. Marks, President and Chief Executive Officer, and Frank G. Paci, Executive Vice President and Chief Financial Officer, will host an interactive conference call later that morning, at 10:00 a.m. EST.. Related Quotes. (Primezone Releases)
Worst appears to be over, Vegas casino operators say Nov 19, 2009
Dan D'Arrigo, chief financial officer of MGM Mirage, pointed out that the company managed to maintain a roughly 95 percent occupancy rate in the third quarter, albeit at sharply reduced rates, and said that it is still "a highly profitable part of our business, although we would love to see these room rates increase.". He added that the company is expecting r 00004000 evenue-per-available-room declines to ease in the fourth quarter and could even see some gains in 2010. (Honolulu Advertiser)
Wells Fargo Needs TARP Money More Than It Admits Nov 19, 2009
On Oct. 21, Chief Financial Officer said the injection under the Troubled Asset Relief Program has served its purpose, and its time to repay the money. . (Bloomberg -- Columnists)
Daytona Energy Corporation: Corporate Update Nov 19, 2009
Jacqueline M. Tucker CFO & Director ... Jacqueline M. TuckerDaytona Energy CorporationCFO tor1-888-420-4788. (CCNMatthews Press Releases)
TransCanada Would Consider Selling Some Asset as Financing Alternative Nov 19, 2009
Nov. 18 (Bloomberg) -- TransCanada Corp. would consider asset sales as a financing alternative, Chief Financial Officer Gregory Lohnes said today at the companys investor meeting. To contact the reporter on this story: Sonja Franklin in Calgary at. (Bloomberg -- Canada)
Ball Corp. shuffling senior management in 2010 Nov 19, 2009
In other senior management changes announced Wednesday, Chief Financial Officer Raymond J. Seabrook will become chief operating officer of global packaging operations next year, reporting to Hayes. Treasurer and Vice President Scott C. Morrison will become senior vice president and chief financial officer while remaining treasurer. (KGW Northwest NewsChannel 8, OR -- Business)
Bancinsurance, CEO settle SEC probe Nov 19, 2009
While this week s settlement puts an end to the probe of the company at large and Sokol, investigations into the involvement of CFO Matthew Nolan and Stephen Toth, vice president of specialty products, are pending. The company has no expectations on when those matters could be resolved, Harkins said. (Columbus Business First, OH)
Small Business, Key to Recovery, Is Still Hurting Nov 19, 2009
"That's almost a 6% decline in the sales growth rate," says Andrew White, the firm's chief financial officer. Large publicly traded companies fared better, with sales slipping only 1. (Time.com)
Lazard Chief Kenneth Jacobs Was Constant Amid 21 Years of Changes at Firm Nov 19, 2009
The firms third-quarter profit beat analysts estimates as restructuring work helped compensate for the slowdown in mergers, and Chief Financial Officer said earlier this month that the M&A market is improving. Replacing Wasserstein. (Bloomberg)
HCA hires Joseph Sowell III as V.P. in charge of mergers and aquisitions Nov 19, 2009
He will report to HCA Chief Financial Officer R. Milton Johnson. Joe has extensive experience in health care transactions, and he is familiar with HCA and our company s culture, Johnson said in a press release. (Nashville Business Journal, TN)
No good news for Nummi Nov 19, 2009
(Think the Keurig coffeemaker brewing those single-cup portions of Coffee People" and Gloria Jean coffee, which Peet's will henceforth own.) Added to the deal it signed last summer to distribute Godiva coffee to 7,000 stores, Chief Financial Officer Tom Cawley told analysts on a conference call last week, "We would expect sales in 2011 in the $550 million to $580 million range. " It's not Starbucks, but probably beyond the imagining of the late Alfred Peet, who really did rebel against the swill... (San Francisco Chronicle)
Panera CEO stepping down Nov 19, 2009
Between his stints at Panera, Moreton served as president and CFO of in Chicago and as executive vice president for subsidiary brand management and CEO of the subsidiary of Wendy s. ... We continue to look for opportunities to deploy our capital to drive earnings growth and shareholder returns, Senior Vice President and CFO Jeff Kip said in a statement. (St. Louis Business Journal, MO)
Brambles revenue hit by weak US pallets Nov 19, 2009
Mr Gorman has wasted little time in shaking up the management ranks after this month hiring a new chief financial officer, Greg Hayes, to replace Liz Doherty. Brambles also appointed Jim Infinger as chief information officer last month. (Sydney Morning Herald -- Business)
AIG rescue helped save Goldman Nov 19, 2009
David Viniar, Goldman's chief financial officer, in March told reporters that the Wall Street bank did nothing wrong when it accepted payments to close out trades with AIG.. Reuters. (Sydney Morning Herald -- Business)
It didn't take long for whispers to emerge from ASIC that the decision to prosecute was not taken under the current regime. Nov 19, 2009
Tel chief financial officer, Mark Silbermann. Its contentions had a superficial appeal, but time and again they were shown to be unpersuasive when the underlying financial details were investigated. (Sydney Morning Herald -- Business)
Kozlowski sentenced to up to 25 years in prison Nov 19, 2009
Kozlowski gets up to 25 years Mark Swartz, former Tyco CFO, also gets 8-1/3 to 25; both men fined, handcuffed, sent to jail ... Former Tyco CFO Mark Swartz got the same sentence from Manhattan Supreme Court Judge Michael Obus. (Yahoo News -- Tyco)
DIRECTV Names Michael White as New President and CEO Nov 19, 2009
Since joining PepsiCo in 1990 as vice president of planning for Frito-Lay North America (FLNA), White has held many senior positions there, including CFO of FLNA, executive vice president and CFO of Frito-Lay International, CFO of Pepsi-Cola Company worldwide and CFO of PepsiCo. During that time he led a transformation of PepsiCos international business and has helped engineer numerous acquisitions, including the pending agreements to acquire the company's two largest bottlers, the Pepsi... (Yahoo! Wire -- Entertainment News)
ABA Shake-Up Ousts Executive Director, Other Top Staff Nov 19, 2009
The chief financial officer, Kenneth Widelka, who was arguably the No. 2 staff official below White, left in September after just over a year in the job. Widelka was replaced this month by Kathryn Shaw, formerly vice president for Siemens Building Technologies. (Law.com)
Despite squeeze, Floridas Natural shows growth Nov 19, 2009
I am very confident in saying that we are extremely well positioned for the future and 2009 continues this trend, said Chief Financial Officer Chip Hendry. The financial condition of our cooperative is the strongest in its 76 year history. (Lake Wales News, FL)
Blinn tuition set to rise next year Nov 19, 2009
Van Miller, the college s chief financial officer, said that currently we are somewhat out of line statewide, in regards to guidelines that call for a higher ratio of tuition and fees for out-of-district and out-of-state students in comparison to in-district students. The rationale for this, he said, is because in-district students, or their parents, pay property taxes to Blinn. (Brenham Banner, TX)
Interstate Hotels sale brings $10.6M Nov 19, 2009
"With this sale, the mortgage financing we recently obtained on our newly renovated Westin Atlanta and operating cash flow, we have paid down $35 million of the $40 million required by March 2011 under terms of the new senior credit facility we secured in July," said Interstate Chief Financial Officer Bruce Riggins. Interstate (NYSE: IHR) has been under pressure from a difficult hospitality industry. (Washington Business Journal, DC)
JBG suit against D.C. survives challenge Nov 19, 2009
The lawsuit and ensuing delay has irritated officials at the convention center authority, the mayor s office, the office of Chief Financial Officer Natwar Gandhi and the D.C. Council all of whom worked in concert to put the financing package together and are hoping to stave off convention competition from the Gaylord National Hotel & Convention Center at National Harbor in Prince George s County. The International Council of Shopping Centers recently announced that it would take its regional... (Washington Business Journal, DC)
Poll: Floridians not upbeat about economy Nov 19, 2009
The program is a financial literacy campaign that was created in partnership with Florida Chief Financial Officer Alex Sink. In addition to the poll, the project will include a 30-minute television special that will be broadcast statewide in 2010. (South Florida Business Journal, FL)
GRF Board remains firm on decision to close pools for winter Nov 19, 2009
CFO Rick Chakoff presented his most current analysis of the Trust Fund cash flow, a version of which was recently presented to and discussed by the Finance Committee. Because GRF now has a signed contract and near final cost figures for the construction of the corporation yard project and has awarded the construction contract for Creekside, the new figures informed this latest model. (Walnut Creek Rossmoor News, CA)
SEC accuses Tvia exec of misrepresenting sales Nov 19, 2009
The SEC also accused Tvia's former chief financial officer, Diane Bjorkstrom, of taking part in the improper accounting by allowing the company to recognize revenue from a sale before the customer had agreed to it, and by ignoring warnings of Silva's misconduct. Bjorkstrom, of Palo Alto, paid a $20,000 penalty and accepted a two-year ban on practicing as an accountant. (San Francisco Chronicle -- Business)
Goldman, Buffett to help small businesses Nov 19, 2009
David Viniar, Goldman's chief financial officer, has said the bank is "very focused on the economic climate" and will take that into account when decisions about workers' bonuses are made at the end of the year. With the bank's public profile under attack, Blankfein reportedly admitted at a conference in New York Tuesday that Goldman made mistakes leading up to the financial crisis. (MSNBC -- Business)
MCCH presents community update at its annual City/County Meeting Nov 18, 2009
Tommy Brewer, an investment banker with BBformer CFO of a hospital, spoke about the bonds. He said the hospital is rated according to profitability, liquidity and debt structure and the bonds will improve the hospital's liquidity rating which is currently weak. (Murray Ledger & Times, KY)
Recession hasn't killed Knik Bridge Nov 18, 2009
The bridge authority's chief financial officer, Kevin Hemenway, said the recession hasn't killed chances for financing the bridge. "I'm here to tell you the project is still feasible in the current world market.". (Anchorage Daily News)
Concur posts higher 4Q profit, revenue Nov 18, 2009
The company also announced its chief financial officer, John Adair, will retire at the end of the current fiscal year. For the three months ended Sept. 30 earned $5. (Yahoo News -- Press Releases)
Qiagen Is Poised for More Purchases After $2 Billion Spree in Last 5 Years Nov 18, 2009
Qiagen, based in Venlo, the Netherlands, has almost $1 billion in available funds and is in talks that may lead to another purchase this year, Chief Financial Officer said in a Nov. 13 interview at its Hilden, Germany, site. The company may also spend $200 million to $500 million on deals next year, buying more companies than in 2009 as prices decline, he said. (Bloomberg -- Germany)
Home Depot sales, profit slide in third quarter Nov 18, 2009
The home improvement sector has seen $55 billion in annual sales evaporate since 2006, noted Carol Tom, Home Depot's chief financial officer, in an interview with The Atlanta Journal-Constitution after the chain's quarterly report on Tuesday. Home Depot still has a 20. (Atlanta Journal-Constitution -- Business)
Multichannel Newswire Nov 18, 2009
Filling out key positions in its upper management ranks, the Discovery Communications-Hasbro joint venture has hired its chief marketing officer, chief financial officer, and senior vice presidents of ad sales and consumer insights and research. Nexstar is clearly serious about developing retransmission-consent payments into a serious second revenue stream. (Multichannel News)
Citigroup Reports Executive Salary Raise Nov 18, 2009
Citigroup () raised the annual base salary for two of its executives, its Chief Financial Officer, John Gerspach and its Co-Head of Global Markets, James Forese, according to reports, Tuesday. Gerspachs salary was bumped from $400,000 to $500,000, annually, while Forese received a boost from $225,000 to $475,000, MarketWatch reported. (Fox News)
Xtreme Power completes $2M in financing Nov 18, 2009
Chief Financial Officer Michael Breen couldn t be reached for comment. Xtreme Power, which was founded in 2004, develops batteries, electronics and control systems comprising hardware and software. (Austin Business Journal, TX)
Lender That Really Does God's Work Is Slowed as Mortgage Funding Dries Up Nov 18, 2009
Chief Financial Officer Brian Scharkey, appearing in a discussing the companys third-quarter finances, said there were some unsettling rumors floating around among ministry leaders, including the possibility that ECCU might go bankrupt. ECCU is one of the healthiest institutions in the country, Holbrook said in the video on ECCUs Web site, citing a capital ratio of 11 percent that he called among the highest in the industry. (Bloomberg)
Studio featured on 'Queer Eye' ready to sell its shares Nov 18, 2009
The planned IPO "is something we've been working toward. We're excited about our potential," Chief Financial Officer David Barnard said. The company said that CIBC World Markets Corp. will lead its IPO, with shares of the deal also going to William Blair nd SG Cowen Securities. (Yahoo News -- Queer Eye for the Straight Guy)
No good news for Nummi Nov 18, 2009
(Think the Keurig coffeemaker brewing those single-cup portions of Coffee People" and Gloria Jean coffee, which Peet's will henceforth own.) Added to the deal it signed last summer to distribute Godiva coffee to 7,000 stores, Chief Financial Officer Tom Cawley told analysts on a conference call last week, "We would expect sales in 2011 in the $550 million to $580 million range. " It's not Starbucks, but probably beyond the imagining of the late Alfred Peet, who really did rebel against the swill... (San Francisco Chronicle -- Business)
Our views: Not good enough (Nov. 18) Nov 18, 2009
Thats why its a step forward that Chief Financial Officer Alex Sink said Sunday that homosexuals should be allowed to adopt. But its still not good enough because Democrat Sink who is running for governor fell far short of calling for gays to have the same rights that heterosexuals do. (Florida Today)
Vikram Pandit stays at Citi with $1 salary Nov 18, 2009
Chief financial officer, John Gerspach was bumped from $400,000 to $500,000, annually and its Co-Head of Global Markets, James Forese received a boost from $225,000 to $475,000. The bank said both increases were approved by administration's compensation czar, in an Oct 22 letter to the Citi. (India Times, India)
Home Depot Beats the Street, Raises Guidance Nov 18, 2009
Chief Financial Officer Carol Tome said last week that business isn't picking up and hasn't yet benefited from government stimulus money that should be filtering down to the housing sector. The home-improvement sector has been slammed by the economic downturn and housing-market slump, which have led consumers to put off big-ticket purchases and improvement projects. (SmartMoney)
Concur Technologies CFO to Retire Nov 18, 2009
The company, which makes corporate expense-management software, said Adair will continue to serve as CFO until a successor is named. Copyright 2009 The Associated Press. (ABC News -- Wire)
Madoff Yacht, Boats Sold at Auction in Fla. Nov 18, 2009
A 61-foot Viking yacht once owned by Madoff's former chief financial officer, Frank DiPascali, sold for $950,000. The private auction was held by the U.S. Marshals Service, which seized Madoff's property and assets after his massive Ponzi scheme was exposed. (ABC News -- Wire)
$1 million-plus bidfor Madoff boats Nov 18, 2009
A 61-foot Viking yacht once owned by Madoff's former chief financial officer, Frank DiPascali, sold for $950,000. advertisement. (MSNBC -- Business)
It's BofA-foonery! Nov 18, 2009
Yesterday Mayopoulous testified that he told BofA CFO Joe Price on Dec. 1 that the company didn't have a legal basis to walk away from the Merrill deal ... Yesterday Mayopoulous testified that he told BofA CFO Joe Price on Dec. 1 that the company didn't have a legal basis to walk away from the Merrill deal. (New York Post -- Business)