CFOs improve outlook - slightly Nov 5, 2009
Forty-four percent of surveyed chief financial officers and senior comptrollers in California say the economy will improve during the next six months, with 43 percent expecting the conditions to remain the same, according to. Only 12 percent expect the economy to get worse. (Sacramento Business Journal, CA)
Orion Marine Group, Inc. Reports Third Quarter 2009 Results; Record Backlog Nov 5, 2009
"Overall we are pleased with the results of the third quarter and are optimistic about the road ahead," said Mark Stauffer, Orion Marine Group's Executive Vice President and Chief Financial Officer. "We will continue to execute our growth plan while working to maintain our industry leading EBITDA margins". (Primezone Releases)
Buffett's Burlington Buy Includes CEO Who Engineered Top Railroad in U.S. Nov 5, 2009
During a quarterly earnings call on Oct. 22, Chief Financial Officer said spending on tracks, equipment and other improvements would remain at $2. 6 billion for 2009. (Bloomberg)
Why Big Oil Is Back in Iraq Nov 5, 2009
"It is fair to say that there are many people negotiating now who would not have taken $2 [in profit per incremental barrel] before," Shell Chief Financial Officer said during the company's Oct. 29 earnings conference call with reporters. A Threat to OPEC. (BusinessWeek)
Fiat model figures in Chryslers comeback plan Nov 5, 2009
Chief Financial Officer Richard Palmer said the company aims to pay back government loans by the end of 2014. He also expects Chrysler to break even in 2010 and report an operating profit of $5 billion in 2014. (MSNBC -- Business)
Mad Catz to Participate at BMO Capital Markets' 17th Annual Digital Entertainment Conference on November 12th Nov 5, 2009
SAN DIEGO--(BUSINESS WIRE)--Mad Catz Interactive, Inc. (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider, announced today that its Chief Financial Officer, Stewart Halpern, will participate in a panel discussion, Battling the Big Guns, at the BMO Capital Markets 17th Annual Digital Entertainment Conference beginning at 8:00 a.m. (ET) on Thursday, November 12, 2009 ... Mad Catz Interactive, Inc.Stewart Halpern, 800-831-1442Chief Financial OfficerorJaffoni... (Yahoo! Wire -- Entertainment News)
Low oil prices hit Total profits Nov 5, 2009
Total's share in these projects will add about 230,000 barrels of oil equivalent a day in output in 2010, according to the company's chief financial officer Patrick de la Chevardiere. Demand for oil products has fallen as consumers have cut spending on travel and goods, leading to lower profits for refiners, reduced plant operating rates and temporary closures. (BBC News -- Business)
FUSD bond measure plan moves forward Nov 5, 2009
Quinto, 41, had been Fresno Unified's chief financial officer and one of five associate superintendents ... Ruth Quinto, Fresno Unified's deputy superintendent and chief financial officer, called it a preliminary step but said it doesn't mean the board has approved a ballot measure. (Fresno Bee)
Tewksbury local aid slashed Nov 5, 2009
In 2007, Andrews had to leave his job chief financial officer at Northern Essex Community College after being arrested a second time for drunk driving. Maylor is currently the town administrator in Swampscott, and Montouri is the vice president of Mass Development. (Tewksbury Advocate, MA)
Crist says Rothstein's troubles won't affect him Nov 5, 2009
"Well, he had supported me like he did to many others, I think CFO Sink and many people," Crist said, referring to Florida's Chief Financial Officer Alex Sink, a Democrat. "That's about the extent of it.". (The Palm Beach Post)
I-75 crossing finally opens to traffic Nov 5, 2009
-- Brandie Meisner, CFO, M&M Excavating. No comments posted. (Gaylord Herald Times, MI)
CoryMcCartneyInside College Football National standards could put an end to shoddy officiating. Nov 5, 2009
Now the national coordinator for College Football Officiating (CFO), Parry spent 19 years as a ref in the Big Ten ... Human error will always be a part of the game, but Parry and CFO are attempting to introduce a national governing body that would level the field ... In an effort to assuage the skeptics and in the hopes of standardizing calls, the CFO held preseason clinics across the country. (SportsIllustrated.CNN -- NCAA Football)
Jeb Bush: Florida Needs McCollum as Governor Nov 5, 2009
Should McCollum win the Republican nomination, he'd likely face Democrat Alex Sink, the state's chief financial officer. "I am proud to support my friend Bill McCollum as Florida's next governor. At this critical time in our state's history, we need a chief executive who will meet our challenges head on and stay true to the core conservative principles of limited government, fiscal discipline and the protection of liberty tempered by personal responsibility," Bush said. (Newsmax)
Studio featured on 'Queer Eye' ready to sell its shares Nov 5, 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)
Too many school bonds Nov 5, 2009
Ruth Quinto, Fresno Unified's deputy superintendent and chief financial officer, called it a preliminary step but said it doesn't mean the board has approved a ballot measure. "There is no measure until the board adopts a resolution in April or May 2010," she said before the meeting. (Fresno Bee -- Opinion)
Mayor opens new Loomis causeway: 'It's more than a roadway' Nov 5, 2009
"Safety was always our biggest concern and working with the school has continued the great relationship that we share in addressing these concerns." Loomis Chaffee Chief Financial Officer Chris Wejchert commented that the prior causeway served the school and town well for 90 years, but the new causeway with its sidewalk will greatly enhance safety for students, townspeople and other pedestrians, as well as vehicles driven by and transporting students. In addition to thanking mayor Don Trinks and... (Windsor Journal, CT)
Financial play with pensions may force future cuts Nov 5, 2009
I think over a 20-year period, its going to have huge savings, Rich Goward, the districts chief financial officer, said this summer. Right now, its gone the other direction because of the market. (Ontario Argus Observer, OR)
Garnet Way Cabinet Formed to L... Nov 5, 2009
Jimmy Addison - Senior VP & CFO, SCANA Corporation; Columbia, S.C.. Dodie Anderson - Former Co-owner, Anderson Hardwood Floors; Greer, S.C.. (Uscsports.com)
In a vow to BCC's equity, a new hire Nov 5, 2009
Wilson's salary is the same as the school's chief financial officer and higher than BCC's four provosts, who make up to $128,750 each ... Chief equity and diversity officer and the school's chief financial officer: $150,000. (Florida Today)
Mozilo is shot down by judge Nov 5, 2009
Judge Walter also denied dismissal requests made by Countrywide's former COO, David Sambol, and former CFO, Eric Sieracki, both of whom were accused of deceiving investors ... Judge Walter also denied dismissal requests made by Countrywide's former COO, David Sambol, and former CFO, Eric Sieracki, both of whom were accused of deceiving investors. (New York Post -- Business)
Democrat Election Ignorance is Telling Nov 5, 2009
What I am seeing in the data, that the spending, the TARP number one, the TARP number two, the stimulus package, the trillion-plus dollar deficits, are all adding up in voters minds, said Ed Goeas, President and CFO of The Tarrance Group, a Republican polling firm. They are very concerned about spendingthe kinds of change that are being made are not the kind of change they want. (Townhall.com)
Dockery to run for governor Nov 5, 2009
But McCollum said he was undeterred and still saw his real race being against Chief Financial Officer Alex Sink, the only major Democratic contender. I m focused on the race against the chief financial officer, McCollum said adding, that s where my energies will be focused ... McCollum concluded, The two leading contenders are myself on the Republican side and the chief financial officer on the Democratic side. (Lake Wales News, FL)
Bryn Mawr Trust to buy First Keystone Nov 5, 2009
First Keystone, the holding company for First Keystone Bank, hired Hugh Garchinsky as chief financial officer last year and promoted him to president and CEO In January. CEO Thomas M. Kelly had resigned in August. (Philadelphia Business Journal, PA)
5-Star Stocks Poised to Pop: Sims Metal Management Nov 5, 2009
CFO Robert Larry (since 2008). Return on Equity (Average, Past 3 Years). (MSNBC -- Business)
CJA's Demand for Public Hearing on PSC Tema Shipyard Nov 5, 2009
Please find enclosed a copy of a transcript of an interview of the Chief Financial Officer conducted by the current external auditors of PSC Tema Shipyard Ltd.. We urge you to establish a public enquiry into the affairs of PSC Tema Shipyard Ltd. In making this request we wish to remind you of the NDCs manifesto on transparency and accountable government. (Ghana Web, Ghana)
Kozlowski sentenced to up to 25 years in prison Nov 5, 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)
Sinclair Broadcasting boosts profit in 3Q Nov 5, 2009
We have started to see signs that perhaps the worst of the recession is over, Chief Financial Officer David Amy said in a statement. While we still do not expect to see an immediate robust recovery, improvements in the business are occurring as advertisers are beginning to buy with longer lead times and declines in the core business are getting smaller. (Baltimore Business Journal, MD)
TearLab Corporation to Release Q3-09 Financial Results on November 12 -- Conference Call to Follow Nov 5, 2009
comWilliam Dumencu, CFO urer 905-636-0128 bdumencu@tearlab. com. (Primezone Releases)
'We're pretty much broke' (4) Nov 5, 2009
Chief Financial Officer Rhett Fricke explained that in 2008 the hospital census was high and cost per patient relatively low. Medicare calculated its 2009 payments on that basis. (Port Lavaca Wave, TX)
Pending legal battles play key role in School Committee's vote to appeal Nov 5, 2009
Neither the district s chief financial officer nor its director of payroll could say what the district would owe in back pay to Coughlin if the arbitration is upheld. According to both Levenson s attorney, Barry Klickstein and Coughlin s attorney Frank Mondano, the award to Coughlin hinged on lingering questions over how the packets of printed out e-mails from both school department and Gmail accounts made it into Levenson s hands. (Arlington Advocate, MA)
American Railcar profit plunges Nov 5, 2009
But American Railcar Chief Financial Officer Dale Davies said his company has spoken with CIT representatives, who assured them it will be as they continue to pay their bills and American Railcar continues to build railcars for them. During the third quarter, the company shipped 610 railcars, 71 percent fewer railcars than the 2,120 railcars shipped during the same period a year ago, said President and Chief Executive James Cowan. (St. Louis Business Journal, MO)
Johnson & Johnson sets restructuring, plans charge Nov 5, 2009
Deutsche Bank analyst Tao Levy maintained his profit estimates, noting that "management gave lukewarm comfort with next year's numbers as the CFO said the restructuring appears to be reflected in operating leverage already in analyst models (i.e. don't raise numbers), which to us still seems somewhat conservative given the cost savings expected from the restructuring.". Shares of Johnson & Johnson fell 56 cents to close at $58. (Yahoo News -- Press Releases)
5-Star Stocks Poised to Pop: DHT Maritime Nov 5, 2009
Market-trouncing returns could be written in these five stars. By Brian D. Pacampara. (MSNBC -- Business)
Plane crash injures two local bank execs Nov 5, 2009
Chief Financial Officer James Hastings and Treasurer James Monroe were on board the small plane when it had engine trouble, clipped a tree and crashed near the town of Fairview in Buncombe County outside Asheville. CEO Scott Bauer said both men suffered non-life-threatening injuries in the crash, which happened Tuesday. (Triad Business Journal, NC)
CFO of the Year winners announced Nov 5, 2009
CFOs now an even more integral part of the team - Pittsburgh Business Times ... CFOs now an even more integral part of the team ... The Pittsburgh Business Times held its CFO of the Year awards Wednesday at the Omni William Penn hotel in Downtown Pittsburgh. (Pittsburgh Business Times, PA)
PrivateBancorp insiders buy shares to buoy lender Nov 5, 2009
Other insiders who have bought shares following the severe drop in PrivateBancorps stock price over the past week include Norman Bobins, chairman of the bank subsidiary; Bruce Lubin, Illinois commercial lending chief; Bruce Hague, president of national commercial banking; Karen Case, president of commercial real estate banking; Brant Ahrens, chief operating officer, and Kevin Killips, chief financial officer. Investors, to this point, appear underwhelmed by the show of support. (Crain's Chicago Business)
Premium Brands Holdings Corporation Announces Third Quarter 2009 Conference Call Nov 5, 2009
Mr. George Paleologou, President & CEO and Mr. Will Kalutycz, CFO will host the call ... Will KalutyczPremium Brands Holdings CorporationCFO(604) 656-3100. (CCNMatthews Press Releases)
Delphi Reports Strong Third Quarter Financial and Operating Results Nov 5, 2009
A brief presentation by David Reid, President and CEO and Brian Kohlhammer, VP Finance & CFO will be followed by a question and answer period. If you are unable to participate in the conference call, a taped broadcast will be available until November 12, 2009. (CCNMatthews Press Releases)
Deutsche Telekom Confirms Annual Targets; Third-Quarter Net Tops Estimate Nov 5, 2009
In October, Chief Financial Officer said the company is considering options in the U.S., including partnerships and other ways to get more wireless spectrum. In September, two people familiar with the matter said Deutsche Telekom was in talks with Clearwire Corp., 51 percent owned by and with about getting access to their U.S. networks. (Bloomberg -- Germany)
GMAC: ResCap issues to be resolved in '09 Nov 5, 2009
Robert Hull, GMAC's chief financial officer, said resolving ResCap's problems by the end of the year is "not a promise but an objective," according to the Dow Jones news service. reported third-quarter net losses of $767 million compared to a loss of $2. (Twin Cities Business Journal, MN)
Munich Re Posts Quarterly Profit as Claims Drop; Misses Analyst Estimates Nov 5, 2009
We are adhering to our objective of 15 percent return on risk-adjusted capital after tax over the cycle, Chief Financial Officer said in the statement. But in an environment marked by low interest rates, it will be considerably more difficult to achieve. (Bloomberg -- Germany)
Unilever Profit, Revenue Growth Beats Analyst Estimates After Price Cuts Nov 5, 2009
Price reductions this year will roll over into 2010, pushing down prices of Unilever products by 2 to 3 percent, Chief Financial Officer said on a conference call with journalists. The maker of Dove soap doesnt expect prices to start rising until the middle of next year, he said. (Bloomberg -- UK)
Lender’s ex-CEO must face fraud case Nov 5, 2009
He also rejected similar requests by former chief operating officer David Sambol and former chief financial officer Eric Sieracki. The SEC sued Mozilo in June, saying he publicly reassured investors about the quality of Countrywide s loans while he issued dire internal warnings and sold about $140 million of his own Countrywide shares. (Boston Globe)
Evergreen shifts work to China Nov 5, 2009
In an interview with the Globe last month, chief financial officer Michael El-Hillow said he expected some jobs at Devens to be eliminated with a move to China. However, he added those losses would likely be somewhat offset with a boost in production of wafers and cells. (Boston Globe)
Huge Australian Oil Spill Raises Questions Nov 5, 2009
"We remain committed and resolved to achieve our goal," said Jose Martins, chief financial officer of the company, Pttep Oil. "That may require a few more attempts.". (CBS News)
America Movil Brazil Customer Growth Outpacing Latin America Through 2010 Nov 5, 2009
Nov. 5 (Bloomberg) -- Chief Financial Officer said Brazils economic resilience will help its wireless industry outpace other Latin American countries through 2010. What you will see in Brazil this year and next year is that subscriber growth will be faster in Brazil than in the rest of the region, Garcia Moreno, 52, said yesterday in an interview in Mexico City. (Bloomberg -- Latin America)
Timor Sea oil leak reportedly plugged Nov 5, 2009
"We are relieved and thankful that we have killed the well and stopped the main fire," PTTEP Australasia chief financial officer Jose Martins said in a statement. advertisement. (MSNBC -- International)
Cable Center Adds Trio of Directors Nov 4, 2009
As executive vice president and chief financial officer of Cox Communications, Bowser oversees accounting, financial planning and analysis, mergers and acquisitions, programming, legal, regulatory and government affairs. Carlsen founded Carlsen Resources in 1989, providing executive search and consulting services in the cable, media and telecommunications arena. (Multichannel News)
Financial play with state pensions may force future cuts Nov 4, 2009
"We've had a pretty good run of getting a benefit to the school district. I think over a 20-year period, it's going to have huge savings," Rich Goward, the district's chief financial officer, said this summer. "Right now, it's gone the other direction because of the market.". (KGW Northwest NewsChannel 8, OR)
Oil leak plugged, fire extinguished Nov 4, 2009
We are relieved and thankful that we have killed the well and stopped the fire,'' said PTT Australasia's chief financial officer, Jose Martins. We still have a lot more work to do, and our priorities are now to determine the best method of plugging the No. 1 well bore. (Sydney Morning Herald -- Australia)
Executives are off and racing Nov 4, 2009
Celebrities and politicians danced to disco as Tabcorp's chief financial officer, Matt Bekier, with BlackBerry in hand, made sure the company's systems could support the $150 million bet on the cup. At its peak, Tabcorp took 700 bets a second on the race. (Sydney Morning Herald -- Business)
Bryn Mawr Bank Corporation to Acquire First Keystone Financial, Inc. Nov 4, 2009
Bryn Mawr Bank CorporationTed Peters, Chairman 610-581-4800 J. Duncan Smith, CFO 610-526-2466. Buzz up. (Primezone Releases)
Integra LifeSciences Reports Third Quarter 2009 Financial Results Nov 4, 2009
"Our strong operating cash flow and cash position have enabled us to repurchase over $68 million of our notes and pay down $100 million on our credit facility since the beginning of the year," said Jack Henneman, Integra's Chief Financial Officer ... Integra LifeSciences Holdings CorporationJohn B. Henneman, III, Executive Vice President, Finance and Administration, and Chief Financial Officer (609) 275-0500 jhenneman@Integra-LS.comInvestor Relations:Angela Steinway (609) 936-2268 Angela. (Primezone Releases)
Law firm accuses own prominent Broward attorney of theft; commissioner Abrams resigns Nov 4, 2009
And Debra Villegas, Tony's wife, was the firm's Chief Financial Officer. It's highly suspicious that his partners in the law firm say they "knew NOTHING" about his illegal activity, nor how he made his money (quickly or not), and even before Mr.'Moroccostein' comes (supposedly) back to town. (The Palm Beach Post)
Studio featured on 'Queer Eye' ready to sell its shares Nov 4, 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)
Hospital takes on debt to build Nov 4, 2009
Hospital chief financial officer Andy Fitzgerald says it could take anywhere between 10 and 30 years to pay off that total, depending on how the chips fall with the local economy and the health care industry. The estimate of how much the hospital would borrow to finance a new medical wing, parking garage and helipad has gone up and down a few times over the past year. (Gillette News-Record, WY)
Oil uncertainty pushes KIUC to find alternatives Nov 4, 2009
Published: Tuesday, November 3, 2009 3:11 AM HST LIHU E Oil prices topped $80 a barrel last month despite lower demand and a bad economy, leading Kaua i Island Utility Cooperative Chief Financial Officer David Bissell to think that speculation is to blame. The sky is almost the limit as far as petroleum is concerned, Bissell said last week at the monthly KIUC Board of Directors meeting at KIUC headquarters in Lihu e.. (Lihue Garden Island, HA)
Kozlowski sentenced to up to 25 years in prison Nov 4, 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)
BofA's counsel had no 'legal' authority in Merrill deal Nov 4, 2009
Mayopoulos left his duties as general counsel after recommending to Chief Financial Officer Joseph Price on Dec. 3 that estimated fourth-quarter losses for Merrill weren't going to be as high as a $9 billion estimate that other BofA officials were projecting ... Mayopoulos left his duties as general counsel after recommending to Chief Financial Officer Joseph Price on Dec. 3 that estimated fourth-quarter losses for Merrill weren't going to be as high as a $9 billion estimate that other BofA... (New York Post -- News)
CFOs for hire ply data at smaller businesses Nov 4, 2009
Rather than hiring internal accounting help, Coffman said he decided to hire a part-time CFO through of Columbus to get the landscape supply company s books in shape and to give advice on how to better run its business. Focus Business Solutions partner Paul Abelman said the firm s 21 CFOs, including eight partners, offer years of financial expertise to clients, with each CFO concentrating on specific industries ... The managing partner of in Columbus said the certified public accounting and... (Columbus Business First, OH)
R.G. Barry doubles quarterly profit Nov 4, 2009
The fiscal second quarter is crucial for R.G. Barry, but a shift away from high product costs and oil prices seen last year has the company optimistic for the holiday season, CFO Jose Ibarra said in a release. Since the profitability of our year is primarily dependent on how well our products sell through at retail during the Christmas selling season, we find today s encouraging results to be an early indication of the upcoming holiday season s potential for our business, he said. (Columbus Business First, OH)
Fairborne Energy Ltd. Announces 2009 Third Quarter Financial and Operating Results Nov 4, 2009
Fairborne's Chief Executive Officer and Chief Financial Officer have designed or caused to be designed under their supervision, disclosure controls and procedures to provide reasonable assurance that (i) material information relating to the Company is made known to Fairborne's Chief Executive Officer and Chief Financial Officer by others, particularly during the period in which the annual and interim filings are being prepared; and (ii) information required to be disclosed by the Company in its... (CCNMatthews Press Releases)
West Hawk Announces Appointment of Director Nov 4, 2009
He currently serves as the Company's Chief Financial Officer. The Company is continuing to actively search for suitable candidates to fill the remaining vacancies on the board. (CCNMatthews Press Releases)
U.S. Bank reinstates bonuses for top execs Nov 4, 2009
CEO Rick Davis and Chief Financial Officer Andrew Cecere will receive cash bonuses and stock-options awards, perks both executives declined to take in January. The compensation committee of the Minneapolis-based bank s board of directors has decided to reinstate the bonuses, according to a filing with the U.S. Securities and Exchange Commission on Monday. (Twin Cities Business Journal, MN)
St. Joe loses $14M in 3Q Nov 4, 2009
During the quarter we continued to refine our focus, including the sale of non-strategic Central Florida assets, enhancing our financial flexibility as we prepare for the opportunities created by the opening of the new international airport in Northwest Florida, said William McCalmont, St. Joe executive vice president and CFO.. The earnings for the quarter ended Sept. 30 included $11. (Jacksonville Business Journal, FL)