Tanganyika Reiterates Its Support for Sinopec Offer Dec 2, 2008
Gary Guidry Tanganyika Oil Company Ltd. President and CEO (403) 716-4051 (403) 261-1007 (FAX) Email: Ian Gibbs Tanganyika Oil Company Ltd. Chief Financial Officer (604) 689-7842 (604) 689-4250 (FAX) Email: Sophia Shane Tanganyika Oil Company Ltd. Corporate Development (604) 689-7842 (604) 689-4250 (FAX) Email: Website. Source: Tanganyika Oil Company Ltd.. (CCNMatthews Press Releases)
Gold Hawk Announces Third Quarter Financial Results Dec 2, 2008
Richard Godfrey has resigned as a Director of the Company due to his expanded CFO role following the merger of Sherwood Copper and Capstone Mining. The Company thanks Mr. Godfrey for his invaluable contributions, particularly in his role as the Company's Audit Committee Chairman and for his leadership during the transition to a commercially producing company, as well as his guidance during the Company's CFO transition earlier this year. (CCNMatthews Press Releases)
4-Star Stocks Poised to Pop: IBM Dec 2, 2008
CFO Mark Loughridge (since 2004). Return on Capital (average last three years). (MSNBC -- Business)
Deutsche Telekom CFO Eick to resign Dec 2, 2008
The company only said Eick would move to work for another company, although his term as CFO was not to expire until 2012. The statement did not name a successor. (Atlanta Journal-Constitution -- Business)
BMW names Friedrich Eichiner new CFO Dec 2, 2008
Last Update: 7:16 am. (Mark Renders, Getty Images) FRANKFURT, Germany (AP) - Carmaker AG says it has appointed Friedrich Eichiner as chief financial officer, taking over from Michael Ganal, who will remain on the board. (FOX23 News, NY)
Kozlowski sentenced to up to 25 years in prison Dec 2, 2008
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)
GE to Shed Loans, Debt; Shares Rise Dec 2, 2008
"We are taking a number of tough but prudent actions to make GE Capital safer, stronger and more secure during this financial crisis," said Chief Financial Officer Keith Sherin. "We are committed to being a AAA company.". (SmartMoney)
No Bull: StocksPoised for Bounce Dec 2, 2008
"We are taking a number of tough, but prudent actions to make GE Capital safer, stronger and more secure during this financial crisis," said the CFO. GE "anticipates a challenging loss environment" for its loans and fourth-quarter earnings at the low end of its prior forecast. Wall Street was expecting no better. (SmartMoney)
Holdbacks impact city Dec 2, 2008
POCATELLO -- State holdbacks are expected to have little impact on the city but could impact future road projects, said Chief Financial Officer Dave Swindell. On Monday, Gov. C.L. "Butch" Otter announced an additional 3 percent in budget holdbacks to state agencies. (Pocatello Idaho State Journal, ID)
WHAT GE SAYS: Read the press release Dec 2, 2008
"GE Capital is an invaluable part of GE's portfolio, and we are fully committed to financial services," GE Vice Chairman and Chief Financial Officer Keith Sherin said. "We have averaged 15% earnings growth over the last 20 years in these businesses. We are operating in an extremely difficult environment, but we are outperforming our peers and we have strong franchises to build upon for long-term growth. We are a mid-market finance company differentiated by an originate-to-hold approach, product... (USA Today -- Money)
Daktronics facing lawsuits from investors Dec 2, 2008
Daktronics' treasurer and chief financial officer, William Retterath, said he doesn't think any rules were violated and that the company and its officers will "vigorously"' defend themselves. Also named as a defendant is James Morgan, Dak-tronics president and chief executive officer. (Redwood Falls Gazette, MN)
Staples profit falls, but higher-than-expected Dec 2, 2008
Because of the volatile economy, Staples could not provide a specific outlook for the fourth quarter or the following year, chief financial officer John Mahoney said on a conference call. The strengthening of the U.S. dollar, which reduces the value of overseas sales, will hurt fourth-quarter earnings and probably remain a drag on profit early next year, the company said. (Globe and Mail -- Business)
More capacity cuts won't be needed, UAL says Dec 2, 2008
MINNEAPOLIS United Airlines would be willing to cut more capacity to get profitable, but does not believe it will need to do so, the chief financial officer of parent UAL Corp. said on Tuesday. United, the nation's third-largest carrier, said in October that it expects overall capacity to shrink 8 per cent to 9 per cent during 2009. (Globe and Mail -- Business)
America's Car-Mart Reports Second Quarter Earnings of $.33 Per Share On Revenue Increase of 5.5 Percent Dec 2, 2008
This is the result of our continuing significant focus on cash flows and our ability to grow our top line and increase receivables at this pace without increasing our debt,'' added Jeff Williams, America's Car-Mart's Chief Financial Officer. For the six month period, we have increased our finance receivables by $15. (Primezone Releases)
Donegal Group Inc. Acquires Sheboygan Falls Insurance Company Dec 2, 2008
Donegal Group Inc. Jeffrey D. Miller, Senior Vice President and Chief Financial Officer (717) 426-1931 Fax: (717)426-7009 jeffmiller@donegalgroup. com. (Primezone Releases)
MYR Group Subsidiary to Receive VPP STAR Status Award Today From U.S. Department of Labor's OSHA Dec 2, 2008
MYR Group Inc. Marco A. Martinez, Chief Financial Officer 847-290-1891 investorinfo@myrgroup. com Dresner Corporate Services Investor Contact: Philip Kranz 312-780-7240 pkranz@dresnerco. (Primezone Releases)
LOGIC Devices Reports Fiscal 2008 Dec 2, 2008
LOGIC Devices Incorporated Bill Volz, President Kimiko Milheim, CFO (408) 542-5400. Source: LOGIC Devices Incorporated. (Primezone Releases)
Comtech Telecommunications Corp. Receives $1.1 Million of Movement Tracking System Orders for Installation, Training and Technical Support Dec 2, 2008
Comtech Telecommunications Corp. Media Contacts: Michael D. Porcelain, Senior Vice President and Chief Financial Officer Jerome Kapelus, Senior Vice President, Strategy and Business Development (631) 962-7000 Info@comtechtel. com. (Primezone Releases)
Synovis Life Technologies Reports Ninth Consecutive Record Revenue Quarter Dec 2, 2008
For additional information, visit or call CFO Brett Reynolds, (651) 796-7300. Enter Email Address. (Investors Business Daily)
Linktone Reports Unaudited Third Quarter 2008 Results Dec 2, 2008
Chief Executive Officer Michael Li and Chief Financial Officer Jimmy Lai will be on the call to discuss the quarterly results and highlights and to answer questions from participants. A replay of the call will be available through 11:59 PM ET on December 15, 2008. (Yahoo! Wire -- Entertainment News)
Startup banks forge ahead Dec 2, 2008
The founders include three former executives: Layfield, Xenith s chief executive officer; Thomas Osgood, its chief financial officer; and Jefferson O Flaherty, its senior vice president of private banking. Ronald Davis, former CEO of Fredericksburg, Va. (Washington Business Journal, DC)
Prudential upbeat on crisis cover plan Dec 2, 2008
Bill Lisle (left) and Prudential chief financial officer Azim Mithani at the launch. The plan, which offers coverage of four times higher than the sum assured, is priced 20% higher in premium than its conventional plans. (The Star Online, Malaysia -- Business)
Data centers hit speed bump Dec 2, 2008
Mark Wetzel, chief financial officer for Washington, D.C.-based DuPont, said the company shut down construction when it failed to obtain a $270 million loan. Given the turmoil in the markets, Wetzel said he doesn t see restarting the project until late 2009 or early 2010. (San Jose Business Journal, CA)
Tough times abroad don't scare locals Dec 2, 2008
The chief financial officer of chemical and explosives firm AECI emigrated after his 12-year-old daughter was shot in a robbery. And retail giant Massmart has reported a flight of senior management at the firm. (Business Report, South Africa)
Art becomes therapy for Atlantic Beach resident Dec 2, 2008
Before her accident, Iris was living in Los Angeles, working as the chief financial officer for a family-owned apparel manufacturing company, while also operating a cooking business. "I'm used to working," she said. (Florida Times-Union)
Biotech firms cutting back as capital grows scarce Dec 1, 2008
"There is no point in doing anything halfway. You have to be aggressive," said chief financial officer Robert Forrester, adding that CombinatoRx will be able to continue its core research work. "Access to capital has completely dried up, and none of us are sure when it will be available again at a price that is acceptable."Saving six months [of cash] doesn't make a difference," Forrester added. "If you are going to cut, you might as well cut to a level that makes a fundamental difference in the... (Boston Globe)
Delek Group Announces Consolidated Results for the Third Quarter and First Nine Months of 2008 Dec 1, 2008
On the call, CEO Asaf Bartfeld, CFO Barak Mashraki and Head of Investor Relations, Dalia Black, will review and discuss the results, and will be available to answer your questions. To participate, please call one of the following teleconferencing numbers: US: 1-866-345-5855, UK: 0-800-404-8418 and Israel: 03-918-0610. (PR Newswire)
CCU Employee Arrested In Park Dec 1, 2008
Robert Williams (HCSO, 2008) The Chief Financial Officer of the Cincinnati Christian University in East Price Hill was arrested in Mt. Airy Forest Saturday morning. According to the police report, Robert Williams entered the victim's vehicle and "manually stimulated" the victim. (WKRC.com, OH)
New BT FD says to drive "cost transformation" Dec 1, 2008
BT Group appointed Tony Chanmugam, the chief financial officer of its retail unit, who is known for improving cost efficiencies, as group finance director on Monday ... Prior to joining Retail, Chanmugam was chief financial officer and then chief operating officer at BT Global Solutions, which eventually became part of Global Services, which provides network services to multinational companies. (International Herald Tribune -- Health)
Big demand for inaugural tickets Dec 1, 2008
Chief Financial Officer Alex Sink, a Democrat, also plans to attend, though she is still hunting for tickets. Members of Congress will have 240,000 free tickets to give away for the swearing-in ceremony, and some constituents put in requests a year ago. (Florida Today)
Grand Power Reports Third Quarter Results Dec 1, 2008
Alan Chan Grand Power Logistics Group Inc. - Canada CFO (403) 237-8211 (403) 228-3013 (FAX) Email: Sean Webster Grand Power Logistics Group Inc. - Hong Kong Senior Vice President, Finance & Business Development Canada: (403) 630-0318 or Hong Kong: (852) 6989 1376 (852) 3582 4130 (FAX) Email: Website. Source: Grand Power Logistics Group Inc.. (CCNMatthews Press Releases)
PharmEng Reports Reduced Cash Burn, Financing Update, Strategic Update, Board Member Additions, and Third Quarter Earnings for 2008 Dec 1, 2008
Brian Fielding PharmEng International Inc. Chief Financial Officer (905) 415-3922 x 107 Website. Source: PharmEng International Inc.. (CCNMatthews Press Releases)
6 questions with Andy McCain Dec 1, 2008
Andy McCain is now back in Phoenix, where he serves as chief financial officer at Hensley and Co., the beer-distributing company owned by his stepmother, Cindy McCain. When we caught up with Andy McCain recently, he talked about the campaign and the impact of Arizona's employer-sanctions law on beer sales, among other topics. (AZCentral -- Business)
Just what is behind the iiNet case? Dec 1, 2008
As the Chief Financial Officer for one of Australia's most remote professional sporting teams he's had a lot on his plate. Simplify storage management and safeguard your data with trusted solutions. (ZDNet.com.au)
Digital sales boost Warner Music profit Dec 1, 2008
Looking ahead, chief financial officer Steve Macri cautioned that the company's year-over-year comparisons will look better in the second half of 2009 than the current period, the first half of 2009. He cited worldwide economic volatility weighing on the current period compared with fiscal 2008. (Globe and Mail -- Technology)
Amerens $1 billion cut jolts builders Dec 1, 2008
While significant, we believe these steps are simply prudent actions to take during these uncertain and volatile capital market conditions, said Warner Baxter, Ameren s chief financial officer, during a Nov. 4 earnings call with analysts. Alberici Corp. dodged a direct hit. (St. Louis Business Journal, MO)
Bon-Ton: Retailer strong despite speculation Dec 1, 2008
Keith Plowman, Bon-Ton s chief financial officer, said in an interview this week that he s been reading the speculation for at least six months and acknowledges the difficult environment for his company and all retailers. The fact is that the company s long-term credit facilities won t come due until 2014, Plowman said. (Milwaukee Business Journal, WI)
Synovis Life Technologies Reports Ninth Consecutive Record Revenue Quarter Dec 1, 2008
For additional information, visit or call CFO Brett Reynolds, (651) 796-7300. Enter Email Address. (Investors Business Daily)
How a leaf could reverse the fortunes of soft drink makers Nov 30, 2008
"Perhaps the Holy Grail is a natural nonnutritive zero-calorie sweetener. We have one," Coca-Cola chief financial officer Gary Fayard said about the extract during a Sept. 3 conference. The stevia extract's concentrated nature may eventually put its cost in the range of sugar, said David Bishop, chief operating officer of GLG Life Tech Corp. of Vancouver, which is providing most of Cargill's supply from China. (Boston Globe)
YESTERDAYS: Lend-a-Hand Club ready to help Nov 30, 2008
David G. Lubrano of Hingham, chief financial officer for Apollo Computer Inc., was recently promoted to the position of senior vice president of finance and administration, reporting directly to Charles P. Spector, president and chief operating officer. Lubrano lives in Hingham with his wife Jean, and five children Jennifer, Stacy, Steven, Kathryn and BethAnn. (Hingham Journal, MA)
By necessity or by choice, consumers\' use of credit cards is falling. Nov 30, 2008
Chief Financial Officer Tom Schoewe told The Associated Press that shoppers are now unable to buy even necessities in the few days before payday ... Doug Scovanner, Target's chief financial officer, told investors on Nov. 17 after disappointing thirdquarter results that credit tightening across all U.S. card issuers has already had a very important adverse effect on our sales, and I'm sure it will continue to do so. (Jefferson City News Tribune, MO)
BOE addresses payroll issue, alleviates concerns Nov 30, 2008
Published: Wednesday, November 26, 2008 7:25 AM CST State education payroll concerns were addressed during Thursday s monthly Board of Education meeting when Chief Financial Officer Julie Madden gave the monthly financial statement review and updated the Board on payroll matters. More than 32 school systems in the state are having trouble making payroll, but Escambia County Board of Education Superintendent Billy Hines said there is no need for employees or vendors in this county to be... (Atmore Advance, AL)
Carmakers should have a plan when asking for bailout Nov 30, 2008
Maybe security was an issue, but surely there was enough room on board to bring the CFO and a few copies of "The Plan". We've seen locally that businesses that fail to change and keep up with the times go under. (Athens Banner-Herald)
Past suggests insurer may be bit of a risk Nov 30, 2008
The state Financial Services Commission the governor, attorney general, chief financial officer and commissioner of agriculture and consumer services oversees the Office of Insurance Regulation. Attorney General Bill McCollum's spokeswoman said OIR had assured his office that the questions about Irl's personal finances had been thoroughly addressed in the application process. (The Palm Beach Post)
On Nov. 30, 1993, Jacksonville's NFL dream became a reality Nov 30, 2008
John Rezsonya, the chief financial officer of a local company, was destined to become known as "Arrowman" for the arrow he holds in the south end zone to aid Jaguars kicks and hex the opponents. "It was really a special time in Jacksonville," Rezsonya said. (Florida Times-Union)
HMS Holdings Corp. To Present at The 20th Annual Piper Jaffray Healthcare Conference Nov 29, 2008
Walter Hosp, CFO, will present on Tuesday, December 2nd at 3:00 pm Eastern Time. HMS Holdings Corp. (Nasdaq: ) is the nation's leader in coordination of benefits and program integrity services for government healthcare programs. (PR Newswire)
Sunstone Hotel Investors, Inc. to Present at the 2008 FBR Capital Markets Fall Investor Conference Nov 29, 2008
Nov. 28/PRNewswire-FirstCall/ -- Sunstone Hotel Investors, Inc. (NYSE: ) announced today that Ken Cruse, Chief Financial Officer, will present at the 2008 FBR Capital Markets Fall Investor Conference in New York City. The presentation will take place on Tuesday, December 2, 2008, at 10:45 a.m. EST.. (PR Newswire)
Cascades to present to institutional investors on December 1, 2008 Nov 29, 2008
KINGSEY FALLS, QC, Nov. 28 /PRNewswire-FirstCall/ - Cascades Inc. (CAS on the Toronto Stock Exchange) announces that Mr. Christian Dube, Vice-President and Chief Financial Officer and Allan Hogg, Vice-President Finances and Treasurer, will be presenting to institutional investors in Toronto on Monday December 1, 2008. A copy of this presentation will be available at on December 1, 2008. (PR Newswire)
ThyssenKrupp Forecasts `Significant' Decline in Annual Sales on Slowdown Nov 29, 2008
The company will sell one unit in each of its Industrial Services, Special Products and Camshaft divisions by the middle of next year and spend the money on several acquisitions, Chief Financial Officer told reporters today. The steelmaker will seek to delay 500 million euros of investment on raising output at its facilities by six months to a year to improve the companys cash position, Schulz said. (Bloomberg -- Germany)
Leyland shelves expansion plan Nov 29, 2008
Ashok Leylands CFO K Sridharan told ET: We have scaled down our investment plans for the next fiscal. The commercial vehicle market is facing a huge decline in demand, and in line with the impact on our operations, we will not invest around Rs 800 crore in the next fiscal (2010). (India Times)
Boeing engineer strike vote count due Monday Nov 29, 2008
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. 4. (Crain's Chicago Business)
Retirement Board candidates letter legal but raises concerns Nov 29, 2008
The Melrose Retirement Board currently consists of Chairman John P. J.P. O Neil, Gerard O Neil, Maria Zizza, City Auditor and Chief Financial Officer Patrick Dello Russo and Melrose Fire Chief John O Brien ... The Board is comprised of two members voted in by municipal employees and retirees (John O Neil and Gerard O Neil), one member voted in by the Board itself (Zizza), the chief financial officer by virtue of his office (Dello Russo) and one mayoral appointee (O Brien) ... One of the letter... (Melrose Free Press, MA)
Plethico buys 20% in CIS pharma co Nov 29, 2008
Plethico CFO Sanjay Pai said, We have been wanting to get into the retail pharmacy space for sometime now. We have tried every permutation and combination to improve cashflows from the CIS but failed. (Economic Times)
* Gome chairman replaced in wake of police probe Nov 29, 2008
Huang and chief financial officer Zhou Ya Fei (P), who was also replaced, are being investigated for certain suspected economic crime, Gome said in a Hong Kong stock exchange filing. Past convictions of Chinese tycoons including Shanghai Land Holdings Ltds (Wa) Zhou Zhengyi (P) and Euro-Asia Agricultural (Holdings) Cos (A~) Yang Bin (y) have caused their companies to collapse, fueling the urgency of Gomes efforts to assuage the concerns of its investors and... (Taipei Times, Taiwan -- World)
Budget wrangling leaves sheriff’s department dangling Nov 29, 2008
Doug Martin, the chief financial officer for the Santa Barbara County Sheriff s Department, said he doesn t consider a program funded until he gets the check, and so far the checks have been slow in coming or nonexistent. I can t underscore the volatile uncertainty here, Martin said. (Santa Maria Times)
FTSE 100 Index Posts Record Weekly Advance; British Airways, Carnival Rise Nov 29, 2008
5 after the worlds largest pest-control provider said will replace as chief financial officer from Jan. 5. Murray, 41, joins from Global Solutions Limited, a support services group that was recently acquired by G4S Plc. (Bloomberg -- UK)
Aon To Cut as Many as 700 Jobs in Benfield Deal, Take $185 Million Charge Nov 29, 2008
The benefits of the acquisition will be incredibly attractive because of the cost savings, Chief Financial Officer said in an Aug. 22. Most of the 500 to 700 positions to be eliminated dont deal directly with customers, said Aon, which had about 42,500 at the end of 2007 compared with about 2,000 at Benfield, according to Bloomberg data. (Bloomberg -- UK)
Eurogas Corporation Reports Third Quarter 2008 Results Nov 29, 2008
Jaffar Khan Eurogas Corporation President & CEO Joanne Ferstman Eurogas Corporation Executive Vice President & CFO Website. Source: Eurogas Corporation. (CCNMatthews Press Releases)
Admiral Bay Files Its Annual Reserves and Other Oil and Gas Information Data Nov 29, 2008
Steven Tedesco Admiral Bay Resources Inc. President & C.E.O. (303) 350-1255 Email: Robert Carington Admiral Bay Resources Inc. CFO (303) 350-1255 (303) 617-8956 (FAX) Email: Website. Source: Admiral Bay Resources Inc.. (CCNMatthews Press Releases)
Cell-Loc Location Technologies Reports Q3 Financial Results Nov 29, 2008
Sheldon Reid Cell-Loc Location Technologies Inc. President & CEO (403) 569-5700 Dave Guebert Cell-Loc Location Technologies Inc. Vice President Finance & CFO (403) 569-5700 Website. Source: Cell-Loc Location Technologies Inc.. (CCNMatthews Press Releases)
Excelsior Announces Third Quarter 2008 Results Nov 29, 2008
David A. Winter Excelsior Energy Limited President & CEO (403) 537-1015 ext 101 Email: Mary Kennedy Excelsior Energy Limited Vice President, Finance & CFO (403) 537-1015 ext 103 Email. Source: Excelsior Energy Limited. (CCNMatthews Press Releases)
BHP's takeover bid for Rio was killed by distrust Nov 29, 2008
While Davis flew out to Italy for a holiday, his counterpart at BHP, the recently appointed Paul Anderson, and chief financial officer Chip Goodyear set to work on McNeilly's deal. They didn't like what they found. (The Australian)
Kozlowski sentenced to up to 25 years in prison Nov 29, 2008
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)
Studio featured on 'Queer Eye' ready to sell its shares Nov 29, 2008
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 raises rates 4.4 percent Nov 29, 2008
Daryl Applebury, Gundersen Lutheran s chief financial officer, said energy costs are way up and salaries continue to rise due to shortages in some physician, nursing, pharmacy and technician areas. More News. (La Crosse Tribune, WI)
