D.C. courting CoStar with tax incentives Nov 20, 2009
The Urban Institute s chief financial officer, John Rogers, issued a statement saying the think tank had been excited about being part of the NoMa renaissance and grateful to city officials for their assistance but, unfortunately, those plans are on hold because our current landlord has decided not to proceed with redeveloping 2100 M Street. The issue with Hines prompted Santos to try rededicating about half of the Urban Institute money into the CoStar deal. (Washington Business Journal, DC)
Studio featured on 'Queer Eye' ready to sell its shares Nov 20, 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)
Integra Bank Corporation Announces Appointment of Chief Financial Officer Nov 20, 2009
Nov. 19, 2009 (GLOBE NEWSWIRE) -- Integra Bank Corporation (Nasdaq: - ) announced today that the Board of Directors appointed Michael B. Carroll as Chief Financial Officer effective December 1, 2009. Related Quotes. (Primezone Releases)
BHF Bank Faces Possible Split After Sal. Oppenheim Sale, Handelsblatt Says Nov 20, 2009
BHFs supervisory board approved a letter from Chairman to Deutsche Bank Chief Financial Officer and head of global wealth, Pierre de Weck, calling on Germanys biggest bank to keep Sal. Oppenheim alive, the newspaper reported, citing the document. (Bloomberg -- Germany)
Singh wears many hats at Clearwell Systems Nov 20, 2009
Venture-backed CFO winner ... Vicki Thompson In addition to his traditional CFO responsibilities, Anup Singh has helped nurture the company s open, transparent culture and set up an employee appraisal system ... Anup is much more than a CFO, said Aaref Hilaly, Clearwell s chief executive officer. (San Jose Business Journal, CA)
Baltimore business owners take advantage of cheap real estate Nov 20, 2009
Chief Financial Officer Joe Armstrong said he was looking for a building to buy for the past two years. The 84,500-square-foot building is far bigger than it needs so the company will take just 23,000 square feet there. (Baltimore Business Journal, MD)
Dell 3Q profit down 54 percent Nov 20, 2009
Dell Chief Financial Officer Brian Gladden said the company has reduced its operating costs by $1. 6 billion since 2008, but more cuts are planned. (Austin Business Journal, TX)
Merkle, Millennial Media tap execs Nov 20, 2009
Meanwhile, MellenNial Media named Michael Avon as executive vice president and chief financial officer. Avon joins the Baltimore firm from Columbia Capital, an early investor in the mobile advertising company. (Baltimore Business Journal, MD)
Employee benefits group sets timeline for goals Nov 20, 2009
The group is comprised of Spina, Chancellor Nancy Cantor, SU's executive vice president and chief financial officer Lou Marcoccia, academic deans and representatives from various committees on University Senate, SU's governing body. The group meets a minimum of two hours every Wednesday, and had its sixth meeting this week, Spina said. (Daily Orange, NY)
China Banks Filling Syndicated Loan Void as Royal Bank, Citigroup Retreat Nov 20, 2009
whose roots stretch back to 1841 when gas lamps first lit the streets of Sydney and which now transports more than half Australias natural gas, never borrowed from a lender in Asia until Bank of China offered cash, according to Chief Financial Officer. Theyve got the liquidity, but they also want to show theyre here for the long haul, Fredricson said after Bank of China contributed to the companys A$1. (Bloomberg)
University Hospital opts for fixed-rate bonds Nov 20, 2009
"It's like moving from an adjustable rate mortgage to a fixed rate mortgage," Chief Financial Officer Dave Belkoski said. Closing is set for early December. (The Augusta Chronicle)
The Health Trust's Holtzman helps nonprofits fulfill their missions Nov 20, 2009
Small nonprofit CFO winner ... Ira Holtzman, CFO of , turned this dilemma into an opportunity and now manages the books for 30 different nonprofit organizations with a full-time staff of 17 accountants ... The Health Trust s chief executive at the time encouraged Holtzman to help Santa Clara-based Via Services interview for a CFO. The search proved fruitless after four months and Holtzman s CEO asked if he would be willing to take on Via s accounting needs. (San Jose Business Journal, CA)
Grierson helped lead ArcSight, Silicon Valley's only IPO of 2008 Nov 20, 2009
Public company CFO winner ... Vicki Thompson CFO Stewart Grierson is credited with helping ArcSight deliver 25 percent quarterly growth ... CFO Stewart Grierson said he knew all along that he had a hot hand and considers the IPO an important milestone rather than a feather in the company s cap. (San Jose Business Journal, CA)
Business Journal announces CFO of the Year recipients Nov 20, 2009
Different sectors require different sets of CFO skills - Silicon Valley / San Jose Business Journal ... Different sectors require different sets of CFO skills ... From then on de Urioste s role as CFO including an interim stint at $3 billion last year, was changed forever, just as the post in general has drastically changed in the past decade. (San Jose Business Journal, CA)
> Willem: Openwave turnaround a work in progress Nov 20, 2009
Public company CFO finalist ... It was Willem s 25 years of experience in finance, sales and general management at companies of all sizes from to Santa Clara-based that landed her the CFO post ... The list of Willem s prior CFO roles is lengthy , now an property by way of its acquisition of ; , a software company she helped found; and iVAST, acquired by DG2L Technologies. (San Jose Business Journal, CA)
Gomes has overseen plenty of change at San Jose airport Nov 20, 2009
Large nonprofit CFO winner ... As the CFO here, I always have to look at how to proceed if things don t get better, said Gomes, director of finance for the nonprofit airport. (San Jose Business Journal, CA)
> Ptak brought experienced hand to Hospice of the Valley Nov 20, 2009
Small nonprofit CFO finalist ... Every other week when payroll is due, most nonprofits hold their breath a little bit, said James Ptak, CFO of , a San Jose nonprofit that has served Santa Clara County patients and families dealing with life-limiting illnesses for more than 30 years ... As a participant in the CFO Forum of the , he helped to create benchmarks and best practices standards for hospice providers nationwide. (San Jose Business Journal, CA)
Industry looking at locating in Keokuk area, RAP breakfast told Nov 20, 2009
Chief Executive Officer Dr. Patrick Hayes of Waste to Fuels Asia introduced himself and Chief Financial Officer Jason Briggs at this mornings Keokuk Area Chamber of Commerce RAP Breakfast. He made an announcement that drew applause. (Keokuk Daily Gate City, IO)
Saint Agnes hospital CFO leaves Nov 20, 2009
Replacing Cain is interim CFO Jeff Rooney, who most recently was at St. Vincents Health System in Birmingham, Ala. His first day was Nov. 16. (Fresno Bee -- Business)
Interim CFO takes over at Unit 5 schools Nov 20, 2009
"Anytime a CFO leaves a position, there is always concern, but there is no criminal wrongdoing involved with this departure," Superintendent Gary Niehaus said. Getty, previously interim chief financial officer for Decatur Public Schools and who mentored Gillmeister two years ago, is working on an interim basis. (The Pantagraph newspaper)
SPX targets power sector as key growth market Nov 20, 2009
But Chief Financial Officer Patrick O Leary told analysts at a conference Monday that SPX paid roughly the equivalent of the company s annual sales. Yuba s annual revenue totals about $125 million. (Charlotte Business Journal, NC)
Santiago Watches Stalled Skyscraper for Clues to Chile's Economic Recovery Nov 20, 2009
Chief Financial Officer didnt return messages seeking comment. Copper Crisis. (Bloomberg -- Latin America)
Schumpeter: Remembering Drucker Nov 20, 2009
Business and finance. Nov 19th 2009From The Economist print edition. (The Economist)
TransCanada's Kvisle Says May Sell Assets to Company's MLP, Other Buyers Nov 20, 2009
Chief Financial Officer said yesterday TransCanada may consider divestitures as a financing alternative. The company has C$22 billion in secured projects that will help raise earnings before interest, taxes, depreciation and amortization 12 percent a year through 2013. (Bloomberg -- Canada)
White to take over Chandler hospital Nov 20, 2009
Mark Kem, CFO of Chandler Regional, has served as interim president for the past six months. White began her tenure at St. Joseph s more than 25 years ago, including service as both chief nursing executive and vice president of operations. (Phoenix Business Journal, AZ)
Gap profit up 25 pct in 3Q as Old Navy recovers Nov 20, 2009
"We know the customer is really looking for value," Chief Financial Officer Sabrina Simmons told investors during a conference call Thursday. "So we're going to play hard and you'll see us really competing over Black Friday for those dollars.". (Yahoo News -- Press Releases)
Kozlowski sentenced to up to 25 years in prison Nov 20, 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)
NBCU price must be right: Vivendi CFO Nov 20, 2009
Vivendi's CFO yesterday hinted the French conglomerate was perfectly happy to play spoiler in Comcast's pursuit of NBC Universal if it doesn't get what it wants from General Electric ... Vivendi's CFO yesterday hinted the French conglomerate was perfectly happy to play spoiler in Comcast's pursuit of NBC Universal if it doesn't get what it wants from General Electric. (New York Post -- Business)
Dell Shares Decline After Profit, Sales Miss Analysts Target Amid PC Slump Nov 20, 2009
Dell had $102 million in expenses for organizational effectiveness actions, including the October decision to close a desktop PC factory in North Carolina, Chief Financial Officer said. Prices for memory and liquid-crystal displays also weighed on profit margins, he said. (Bloomberg -- US)
CEO picked for UCSD Medical Center Nov 20, 2009
Previous experience: Associate vice chancellor and chief financial officer, UCSD Health Sciences; chief operating officer, Columbia University Medical Center; senior associate chairman for finance and administration, Stanford University School of Medicine; director of finance and administration, Oregon Health Sciences University; director of business and financial operations, University of Pennsylvania Health System ... He assumes his new post after working as associate vice chancellor and chief... (San Diego Union-Tribune)
While Worker Pensions Fail, CEOs Get Rich Nov 20, 2009
CEO Glenn Tilton, CFO Frederic Brace and COO Peter McDonald together got $7. 6 million worth of retirement benefits in four years - from 2002 to 2006 - and earned a combined $55. (CBS News)
Maxis offers long-term gain Nov 20, 2009
Chief financial officer Rossana Rashidi said based on its planning, Maxis expected free cash flows to be very high in 2011 and 2012. So, theres expectation from the street of potentially very good dividends, she said. (The Star Online, Malaysia -- Business)
Boeing faces ultimatum from Ryanair over 200-jet order Nov 20, 2009
The Boeing Company (Boeing) is involved in the design, development, manufacture, sale and support; W. James McNerneyChairman of the Board, President, Chief Executive Officer James BellCorporate President, Chief Financial Officer, Executive Vice President From The Lists Your resource for everything related to business in Chicago. 2. (Crain's Chicago Business)
Rubashkin plans appeal, but another trial looms Nov 20, 2009
During the trial, which was moved to South Dakota out of concern that media coverage had tainted the jury pool in Iowa, the former chief financial officer of the company, Mitch Meltzer, testified that he and four other employees were sometimes paid their salaries in cash to avoid taxes. Meltzer also said he created false invoices called tootsies to demonstrate to the bank, which had extended Agriprocessors a revolving $35 million line of credit, that money was still coming into the company. (Cleveland Jewish News, OH)
Chicos brings a happy surprise Nov 20, 2009
As many as 40 more may be added in the year ahead, but many of those will be fast stores put up without the usual redesign of the retail space, chief financial officer Kent Kleeberger said. The method allows the company to take advantage of vacancies in shopping centers to test them for full-scale store locations, Kleeberger said. (The News-Press -- Business)
Triangle Capital Corporation Invests $8.0 Million in Anesthesia Services Provider Nov 20, 2009
comSteven C. Lilly, Chief Financial Officer 919-719-4789 slilly@tcap. com. (Primezone Releases)
Despite squeeze, Floridas Natural shows growth Nov 20, 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)
Melrose aldermen approve new tax rates: average residential tax bill will increase by $165 Nov 20, 2009
Patrick Dello Russo, Melrose city auditor and chief financial officer, told the Free Press that the increase results from the debt exclusion override passed by Melrose voters in 2003 to pay for the new Melrose Veterans Memorial Middle School. At Monday night s meeting, Dragt, in response to a question from Alderman At-Large Don Conn, Jr., confirmed that the average tax bill would probably have decreased slightly next year, if not for the middle school debt exclusion. (Melrose Free Press, MA)
Gwen Wisler is Asheville Profits Nov 20, 2009
She became a CPA and this would eventually lead her to Chief Financial Officer (CFO) and Chief Executive Officer (CEO) positions in various companies throughout her successful business career. She has made a significant through leadership and financial savvy. (Suite101.com)
> Dressel brings construction manager's eye to Meade Nov 20, 2009
Private company CFO finalist ... Vicki Thompson Jillian Dressel was project manager for Sun Microsystems 14-building Newark campus when she was 26, experience that has given her a boost as CFO at Meade Construction ... Dressel had the most financial experience, and a CFO was born. (San Jose Business Journal, CA)
> Co-founder CFO makes sure Box.net's growth is steady Nov 20, 2009
Co-founder CFO makes sure Box ... Co-founder CFO makes sure Box ... Venture-backed CFO finalist. (San Jose Business Journal, CA)
> Morissette thrives on blend of education, clinic and finance at Stanford Hospital Nov 20, 2009
Large nonprofit CFO finalist ... A nonprofit s obligation is to the cause it was set up to address, while a public company CFO s primary accountability is to his or her shareholders ... Still, Stanford Hospital CFO Daniel Morissette sees some similarities in running a large profit-making business and a large nonprofit. (San Jose Business Journal, CA)
Dell profit slumps as PC sales stumble Nov 20, 2009
PC sales had weakened ahead of the October 22 launch of Microsoft's Windows 7 operating system, before surging afterward, said chief financial officer Brian Gladden, adding that the backlog at the October 30 close of the quarter was larger than normal. "I think it's going to be a pretty powerful cycle," chief executive Michael Dell said, repeating earlier assertions. (Sydney Morning Herald -- Business)
Plano resident, Lewisville business owner wins business award Nov 20, 2009
In 1999, Spottiswood helped form Parago as its CFO and was promoted to president and CEO in 2007. The business was built from scratch by Spottiswood and a group of colleagues. (McKinney Courier-Gazette, TX)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
> 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)
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)
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)
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)
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)
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)
