Exclusive Subscriber Content Nov 7, 2009
Print Edition - Pittsburgh Business Times. for free extra services. (Pittsburgh Business Times, PA)
Oritani Financial Corp. to Present at Financial Services Conference Nov 7, 2009
Kevin J. Lynch (Chairman, President and Chief Executive Officer) and John M. Fields, Jr. (Executive Vice President and Chief Financial Officer), will represent Oritani. While the conference can only be attended in person via invitation from Sandler O'Neill + Partners, L.P., the presentation can be accessed in a variety of ways. (Primezone Releases)
Soldiers, health system under strain Nov 7, 2009
Three other top positions -- the principal deputy, the deputy for clinical programs and policy, and the chief financial officer post -- are also unfilled. Click for related content. (MSNBC -- Terrorism)
J&J to slash 7,000 to 8,000 jobs Nov 7, 2009
Chief Financial Officer Dominic Caruso declined to provide a 2010 profit view. But he advised analysts to stick with their forecasts for next year, saying they had already considered J s ability to leverage profit growth. (Yahoo News -- Pharmaceutical Industry News)
Centro bid to contain class action Nov 7, 2009
Under the action, former Centro chief executive Andrew Scott and former chief financial officer Romano Nenna also face claims that they failed to sign off on the financial reports in their role as executives. Yesterday, the group said the special matters committee would be comprised of all non-involved directors to deal with the ASIC proceedings and consider any corporate governance implications for Centro. (Sydney Morning Herald -- Business)
Magna Surges Most Since 1991 After Profit Bucks Analysts' Loss Estimates Nov 7, 2009
Magna had costs for advice on the Opel deal, which were not material, Chief Financial Officer said on the conference call. Were not looking at any other transactions in that space, Walker said when asked if Magna would consider buying another automaker. (Bloomberg -- Canada)
Orlando shooter kills 1 Nov 7, 2009
"He did work for us, for one year. He was let go in July 2007, he has been gone for over two years," Ken Jacobson, the CFO of the firm, told AFP.. "We have not heard of or seen him since, that is what's hard to work out about all this," said Jacobson. (iAfrica.com)
Florida gunman kills one, wounds six in office attack Nov 7, 2009
He was let go in July 2007, he has been gone for over two years," Ken Jacobson, the CFO of the firm, told AFP. "We have not heard or seen of him since, that is what's hard to work out about all this. " The fire department told AFP initially that two people had been killed and eight wounded but police later confirmed the lower toll. "We do have one confirmed death," said Demings. Police first received a call that shots were being fired at the office building shortly after 11:30 am (1630 GMT). A... (Channelnewsasia.com)
Megha Mittal Meets Escada Workers in Munich, Says She Supports CEO Saelzer Nov 7, 2009
Megha Mittal is married to his son , chief financial officer of the familys main business, Luxembourg- based. Demi Moore, Snakeskin Bags. (Bloomberg -- Germany)
Patch Tuesday: Expect 6 security fixes Nov 7, 2009
Jabulani Leffall is a journalist whose work has appeared in the Financial Times of London, Investor's Business Daily, The Economist and CFO Magazine, among others. Related Articles. (FCW.com)
BAE fills spot vacated by Hudson's promotion Nov 7, 2009
He previously was senior vice president of finance and chief financial officer, responsible for financial accountability for the companys U.S.-based operating groups in the U.S., U.K., Sweden and South Africa. Murphy, who joined BAE Systems in 1999 following 18 years at General Electric Co., also has served as president of BAE Systems Technology Solutions Sector, a provider of technical and professional services to the U.S. Defense Department, federal civilian agencies and the homeland... (FCW.com)
Survey: Bankers slow hiring, cut costs Nov 7, 2009
According to a survey of chief financial officers and senior comptrollers conducted by , only 20 percent said their company will increase hiring in the next six months while 55 percent said executive bonuses will be trimmed. Only 40 percent believe the U.S. economy will improve by the first quarter of 2010, compared to 49 percent of financial officers across all industry sectors. (Louisville Business First, KY)
British Airways Traffic, Prices Stabilize After Record Loss; Shares Rally Nov 7, 2009
Yields have fallen about 12 percent this year, British Airways Chief Financial Officer said in an interview. Yields have been particularly low over the last six months so we are starting to see some traction, Williams told Bloomberg Television. (Bloomberg -- UK)
SEC Inquiry Could Lead to Fla. Oversight Changes Nov 7, 2009
Florida CFO Sink, Sen ... The trustees presently consist of the governor, CFO and attorney general. (ABC News -- Wire)
Needham's North Hill re-signs lease with Wellesley's Babson College Nov 7, 2009
Phil Shapiro, Chief Financial Officer, Babson College, and Kevin Burke, President/CEO North Hill Communities, Inc., represented their organizations in signing the lease. In a press release statement, Shapiro commented, This process has brought our two organizations closer together. (Wellesley Townsman, MA)
Seacliff Announces Timing of Third Quarter 2009 Financial Results Release, Conference Call and Webcast Nov 7, 2009
Bill Crarer, Chief Executive Officer, and Vance Hackett, Chief Financial Officer, Seacliff Construction Corp., will review second quarter financial results and corporate developments. The financial results will be released by newswire on the afternoon of Monday, November 9, 2009. (CCNMatthews Press Releases)
Kaiser's 3Q profits soar to $569M Nov 7, 2009
While we are seeing some positive activity in the financial markets, uncertainty in the economy and health care industry continues, Kathy Lancaster, Kaiser's executive vice president and CFO. Looking forward, we remain cautious about economic recovery given the continued high rates of unemployment. George Halvorson, Kaiser's chairman and chief executive officer, stressed that the giant Oakland-based system has opened four new hospitals and 27 new medical office buildings since last fall, and has... (San Jose Business Journal, CA)
CUNA Mutual completes deal for ProAg Nov 7, 2009
Russ Klein of CUNA Mutual will serve as ProAg s chief financial officer and Deb Casurella, also of CUNA Mutual, has been named chief information officer. CUNA Mutual's relationship with Amarillo, Texas-based Producers Ag Insurance began in 2006 when CUNA Mutual began serving as the lead reinsurer for ProAg as a direct writer of crop insurance. (Milwaukee Business Journal, WI)
No Fit for Luxury Lifestyle for Tokyo Women Costs Versace, Gucci Customers Nov 7, 2009
Gucci sales in Japan dropped 20 percent in the third quarter of the year, according to , chief financial officer. Bain estimated that 15 percent of the 300 luxury stores expected to open this year will be in mainland China, with another 25 percent opening elsewhere in Asia. (Bloomberg -- Japan)
Charles & Colvard Announces Third Quarter 2009 Earnings Teleconference and Webcast Nov 7, 2009
Charles rd, Ltd.Timothy Krist, Chief Financial Officer 919. 468. (Primezone Releases)
Kozlowski sentenced to up to 25 years in prison Nov 7, 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)
UPS stock's 10-year milestone yields lessons Nov 7, 2009
Chief Financial Officer Kurt Kuehn noted that the company has slowly increased its outside ownership to 70 percent today. He said more outsiders were able to buy stock as UPS retirees and charitable foundations sold shares to diversify their holdings. (Atlanta Journal-Constitution -- Business)
Council votes down sludge storage facility Nov 6, 2009
Though it's early in the fiscal year, the city's general fund has been financially performing as expected, Auburn's chief financial officer said. Comptroller Lisa Green gave a first-quarter fiscal update to the council. (Auburn Citizen, NY)
AirTran sees more opportunity for fee revenue Nov 6, 2009
Chief Financial Officer Arne Haak told an investor conference Thursday that customers want the cheapest fare when they buy their tickets, but seem willing to shell out extra money for fees as they go through the travel process ... Chief Financial Officer Arne Haak told an investor conference Thursday that customers. (San Francisco Chronicle -- Business)
MGM Mirage loses $750M as CityCenter value drops Nov 6, 2009
Excluding one-time items, the company earned 1 cent per share, Chief Financial Officer Dan D'Arrigo said. Despite MGM Mirage doing better than expected, analyst David Bain of Sterne Agee said he doesn't see visits rising 7 percent next year given flight cuts to Las Vegas and high unemployment in California, where most people who drive to Sin City live. (San Francisco Chronicle -- Business)
Verso Paper more than doubles 3Q income Nov 6, 2009
Chief financial officer Robert Mundy said the gain of $0. 83 per share and estimated loss of $0. (Memphis Business Journal, TN)
UGA president says he plans to stay Nov 6, 2009
Jim Isch, a senior vice president and the chief financial officer of the NCAA, is serving as interim president. Adams said he never talks publicly about jobs or money and doesn t plan on changing that policy. (Atlanta Journal-Constitution -- Sports)
Kozlowski sentenced to up to 25 years in prison Nov 6, 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)
NTN Buzztime, Inc. Announces Conference Call to Discuss Third Quarter Financial Results on November 12, 2009 Nov 6, 2009
Hosting the call will be CEO, Terry Bateman and CFO, Kendra Berger. To access the conference call, please dial (866) 360-7027, if calling from the United States or Canada, or (706) 643-3291, if calling internationally, and use passcode 40060420. (Yahoo! Wire -- Entertainment News)
Rite Track hires Taulbee as CFO Nov 6, 2009
Taulbee s 15 years of financial management experience include stints as CFO for Gray America Corp. in Dayton, and Circle S Foods in Monroe, N.C. He is a certified public accountant and a graduate of Wright State University and the University of Kentucky. Darren provides a great blend of experience and knowledge that will give him a real edge in coordinating our global finances, said CEO Tim Hayden in a news release. (Cincinnati Business Courier, OH)
Financial play with pensions may force future cuts Nov 6, 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)
Plans for Crosby and Parmenter schools are still unknown Nov 6, 2009
Unless a decision is made by December, the International School of Boston will make plans to move out of Parmenter, according to Normand Saucier, the school s chief financial officer. To aid in the decision-making process, the town hired consultant RKG Associates to report on the best possible uses of the two buildings located on Irving and Winter streets. (Arlington Advocate, MA)
AstraZeneca quarterly earns up 22 percent Nov 6, 2009
Chief Financial Officer Simon Lowth said the results, "boosted by some unanticipated revenue upside," led the company to lift its full year earnings per share forecast to a range of $6. 20 to $6. (Yahoo News -- Pharmaceutical Industry News)
Spinoff expenses swing Cardinal into red Nov 6, 2009
The pharmaceutical segment had a stronger start than we expected, CFO Jeff Henderson said in the call. Revenue on the drug distribution side increased 5 percent, although segment profit was down from the same quarter a year ago because of fewer generic launches, last year s contract renewals that lowered prices and the costs of restructuring the Medicine Shoppe pharmacy chain. (Columbus Business First, OH)
University budget is conservative stance Nov 6, 2009
"I can't say we specifically factored anything in," Chief Financial Officer Dave Belkoski said. "We don't know. What we do know is payments will be cut. And we factored that part in.". (The Augusta Chronicle)
Good luck, seriously! You have an extremely difficult challenge ahead, to make... Nov 6, 2009
AOL Names Time Warner Cable's Minson As CFO. Cable Operator's Deputy CFO Rejoins AOL, As Online Unit Prepares Spinoff ... AOL, which Time Warner Inc. is in the process of spinning off, has tapped Time Warner Cable deputy chief financial officer Arthur Minson as executive vice president and CFO.. (Multichannel News)
Chrysler aims to pump life into struggling lineup Nov 6, 2009
But Chief Financial Officer Richard Palmer said the company aims to pay back U.S. 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. (The Augusta Chronicle)
I-75 crossing finally opens to traffic Nov 6, 2009
-- Brandie Meisner, CFO, M&M Excavating. No comments posted. (Gaylord Herald Times, MI)
PCMH board approves landscaping option Nov 6, 2009
approved the chief financial officer's report, the transfer of funds and the budget amendments and line item transfers, as presented by CFO Leticia Fox. approved a contract with Texas Tech Telemedecine to expand pediatric specialty care; the contract is for two years at no cost to PCMH. (Fort Stockton Pioneer, TX)
Sahara Energy Ltd.: Change of Chief Financial Officer and Director Nov 6, 2009
CALGARY, ALBERTA--(Marketwire - Nov. 5, 2009) - Sahara Energy Ltd. (the "Corporation") (TSX VENTURE: - ; PINK SHEETS: - ) announces that Dufton Lewis has resigned as a director and Chief Financial Officer of the Corporation to pursue other business opportunities ... Douglas James has been appointed as Chief Financial Officer of the Corporation. (CCNMatthews Press Releases)
Manor Global Updates Shareholders Nov 6, 2009
Mr. Leung previously acted as chief financial officer of Red Dragon Resources Corp. between April 2005 and May 2009, and served as director and chief financial officer of ifuture ... Harvey H. McKenzieManor Global Inc.Chief Financial Officer(416) 400-8003. (CCNMatthews Press Releases)
Hannover Re Raises Forecast as Third-Quarter Net Beats Analyst Estimate Nov 6, 2009
The increased 2009 profit target would translate into full- year net income of at least 690 million euros, Chief Financial Officer said in a telephone interview. Thats still a rather conservative assumption if claims and capital markets dont develop adversely in the fourth quarter, he said. (Bloomberg -- Germany)
Health Insurers Weather Storms Heading Into 2010 Nov 6, 2009
"It's rather frustrating, but it's a fact of life," Aetna Chief Financial Officer Joe Zubretsky said last week. "You have an account that's enjoying your services, it's priced well, it's meeting all of its objectives. But if they shed 5-to-7 percent of their payroll, that's lost members and lost revenue and profit.". (ABC News -- Wire)
Skyworks Solutions Ups Outlook for Current Quarter Nov 6, 2009
Chief Financial Officer Donald W. Palette said the company is cautious about the broader economy but based its outlook on "improving order visibility and backlog strength" in sales of chips for mobile internet, energy management and analog uses. The company gave the outlook while releasing results for its fiscal fourth quarter, which ended Oct. 2. (ABC News -- Wire)
Bonuses could rise 40% on Wall Street Nov 6, 2009
Last month, Goldman s chief financial officer, David Viniar, said decisions on bonuses are not made until year s end, and the company would be taking into account the economic climate when decisions are made. The bank earned more than $3 billion in the third quarter. (Boston Globe)
Vale Is Operating at Maximum Capacity, Expects Additional Growth, CEO Says Nov 6, 2009
Vale Chief Financial Officer said Oct. 29 the company could soon boost iron-ore output to full capacity of about 310 million metric tons a year. In 2008 Vale produced 301. (Bloomberg -- Latin America)
Mexico's Largest Companies Say Calderon Budget Will Avert Rating Downgrade Nov 6, 2009
The gap remains small compared with deficits in the U.S. and other countries that have increased government spending to stimulate the economies, said , 52, chief financial officer of Mexico City-based America Movil. The U.S. gap will equal 11 percent of GDP this year, according to the median forecast in a Bloomberg survey of 33 economists. (Bloomberg -- Latin America)
Brazil's Bovespa Rises for Third Day on Gerdau, Vivo Profit; Real Climbs Nov 6, 2009
Brazils economic resilience will help its wireless industry outpace other Latin American countries through 2010, America Movil SAB Chief Financial Officer Garcia Moreno said. rose 3. (Bloomberg -- Latin America)
J&J to slash 7,000 to 8,000 jobs Nov 6, 2009
Chief Financial Officer Dominic Caruso declined to provide a 2010 profit view. But he advised analysts to stick with their forecasts for next year, saying they had already considered J s ability to leverage profit growth. (Yahoo News -- Pharmaceutical Industry News)
Move's Q3 loss dwindles to $758,000 Nov 6, 2009
We will exit 2009 with a more stable cost structure and a greater focus on delivering consistent cash flow, said CFO Rob Krolik. We have eliminated several unprofitable revenue sources through a series of divestments and partnerships in 2009. (San Jose Business Journal, CA)
Starbucks Raises Outlook as Turnaround Signs Mount Nov 6, 2009
Chief Financial Officer Troy Alstead told Reuters that more people are visiting Starbucks' cafes and spending a bit more money when they do, a trend that started in the third quarter and gained momentum toward the end of the fourth. Starbucks' net income for its fiscal fourth quarter, ended September 27, was $150 million, or 20 cents per share. (ABC News -- Business)
Burlington Business Buzz Nov. 5 edition Nov 6, 2009
Metro Credit Union announced the appointment of Douglas Emond as Senior Vice President and Chief Financial Officer ... Prior to joining Metro, Emond was Chief Financial Officer of Windham Professionals. (Burlington Union, MA)
Harsh cuts pay off as Murdoch posts profit Nov 6, 2009
The company's chief financial officer, David DeVoe, said guidance for operating income was for high single-digit to low double-digit for the 2010 year. And if the advertising market continues to improve this may prove conservative. (Sydney Morning Herald -- Business)
No Fit for Luxury Lifestyle for Tokyo Women Costs Versace, Gucci Customers Nov 6, 2009
Gucci sales in Japan dropped 20 percent in the third quarter of the year, according to , PPRs chief financial officer. Bain estimated that 15 percent of the 300 luxury stores expected to open this year will be in mainland China, with another 25 percent opening elsewhere in Asia. (Bloomberg -- Japan)
ResCare Reports Third Quarter 2009 Results Nov 6, 2009
ResCare, Inc.David W. Miles, Chief Financial Officer 502-394-2137Derwin A. Wallace, Director of Investor Relations 502-420-2567. Buzz up. (Primezone Releases)
DoCoMo to Rely on Dividend to Boost Record-Low Stock, Finance Officer Says Nov 6, 2009
DoCoMo to Rely on Dividends to Boost Stock, CFO Says (Update1) - Bloomberg ... DoCoMo to Rely on Dividends to Boost Stock, CFO Says (Update1). (Bloomberg -- Japan)
Wal-Mart chief renews effort for FDI in multi-brand retail Nov 6, 2009
Were stepping up growth in our international operations to take advantage of growing economies and opportunities in emerging markets such as China and Brazil, Wal-Mart executive vice-president and chief financial officer Tom Schoewe said in a statement two weeks ago. The Indian market, too, is crucial for Wal-Mart but current Indian laws dont allow foreign retailers to open multi-brand stores. (India Times)
Jury finds Iowa woman guilty in son's slaying Nov 6, 2009
In one conversation, Bob White, the chief financial officer of Petters Co. Inc. said to Coleman, "I can't tell for sure if Tom knows." Coleman responded: "Tom knows. He just doesn't want (to) think about it." She went on to say, "I think Tom believes that these are real deals half the time.". Jury acquits driver of murder in border crash. (Fresno Bee -- Nation)
In brief: Escada | Warehouse closing | General Growth heiress Nov 6, 2009
Ryerson Chief Financial Officer Terence Rogers told Crain's that Cinsepace doesn't have a contract yet. Related story. (Crain's Chicago Business)
Leighton divorce: who got the kids? Nov 6, 2009
In describing the abrupt exit of its chief financial officer, Scott Charlton, Leighton's chairman David Mortimer in his address yesterday praised the Texan for his role in helping the company triple in size during his six years as an employee ... In the longer term I think it will be for the benefit of the company,'' Wal said of Charlton's replacement with the former Qantas chief financial officer Peter Gregg. (Sydney Morning Herald -- Business)
Time Warner Looks Ahead to Future Without AOL Nov 6, 2009
"We saw only a slight improvement in advertising trends in the quarter," CFO John Martin said. "Display and paid search both remain soft.". (SmallBusinessComputing)
Credit unions may recover $82 million Nov 6, 2009
The chairman of the LLC is David Hall, chief financial officer of in Madison. The credit unions hope to liquidate those assets to recover some of their losses with 15 percent of proceeds going to the receivership estate. (Milwaukee Business Journal, WI)
Starbucks sees increase in spending, visits Nov 6, 2009
Chief Financial Officer Troy Alstead said the average amount customers spent in each visit to Starbucks rose in the period. And he said sales at shops open at least a year recovered from the third quarter and from last year. (MSNBC -- Business)
Zurich Financial reports 'solid' earnings after crisis Nov 6, 2009
Chief financial officer Dieter Wemmer said in a conference call that the group had recorded good growth in several sectors. The results were also buoyed by the lack of seasonal hurricane damage in the United States or other major catastrophes, he added. (Yahoo! Asia News)
Unilever Q3 Sales Beat Hopes on Strong Volumes Nov 6, 2009
Chief Financial Officer Jim Lawrence said he expects volumes to continue to grow in the fourth quarter. "There's nothing slowing our underlying momentum. The volume figure compares favorably with rival Procter & Gamble Co (PG), which saw its volumes fall 3% in its latest quarter. "We are on track towards our objective of restoring volume growth while protecting margins and cash flow for the year as a whole," said CEO Polman. Operating margin was up 0.7 percentage points in the period. The... (SmartMoney)
