Business NEWS
FalconStor Software Hosts Third Quarter 2007 Financial Teleconference
By Amarendra Bhushan for CEOWORLD Magazine Updated:October 12, 2007
Forbes – ReiJane Huai, Chairman and CEO, FalconStor James Weber, Chief Financial Officer, FalconStor Bernie Wu, Vice President, Business Development, FalconStor WHEN: Thursday, October 25, 2007 4:30 PM ET HOW
US executives ousted in Sage revamp
Daily Telegraph – Its US chief executive, Ron Verni, who last year earned about $1.4m ( 690,000) in salary and bonuses, and chief financial officer Jim Eckstaedt have left with immediate effect. Paul Walker, chief executive of the Newcastle-based company, said that
Porn Web Site Record May Be Shattered by `WallStreet.com’ Auction
Bloomberg – The exchange, the world’s largest equity market and Wall Street’s best known symbol, sits in the heart of New York’s financial district. “Domains are virtual real estate,” said Jeremiah Johnston, chief operating officer at domain broker
More Business Digest
Baltimore Sun – Adelphia Communications founder John Rigas and his son, the defunct cable company’s chief financial officer, have appealed their fraud convictions to the U.S. Supreme Court. John Rigas, 82, was sentenced to 15 years and Timothy Rigas, 51, to 20 years
First Merchants Corporation to Report Third Quarter 2007 Financial
MSN MoneyCentral – are carried in daily newspapers and can be found on the company’s Internet web page (http://www.firstmerchants.com). Contact Information: First Merchants Corporation Mark K. Hardwick, 765-751-1857 Executive Vice President/Chief Financial Officer
Depomed Announces Retirement of Chief Financial Officer John F
Forbes – Depomed, Inc. (NASDAQ: DEPO) today announced that John F. Hamilton (63) will retire from his position as vice president, finance and chief financial officer, effective October 12, 2007. Mr. Hamilton will continue to serve Depomed as a consultant to
Air Canada appoints former Bay president as chief financial officer
CNBC – MONTREAL – Air Canada on Thursday said it was naming Michael Rousseau, former president of retailer Hudson’s Bay Co., as chief financial officer. Rousseau replaces Joshua Koshy, who is leaving the company, the Montreal-based airline said Thursday
First Financial Announces 2007 Pension Settlement Charge
Forbes – HAMILTON, Ohio, Oct. 11 /PRNewswire-FirstCall/ — First Financial Bancorp (Nasdaq: FFBC) president and chief executive officer, Claude E. Davis, today announced that in the fourth quarter 2007 the company expects to recognize a pre-tax charge of
Jefferies Group says Peregrine Broadbent will replace retiring chief
CNBC – NEW YORK – Investment bank Jefferies Group Inc. said Thursday Peregrine C. de M. Broadbent has been appointed executive vice president and chief financial officer. Broadbent, who is expected to join the firm later this quarter, replaces Joseph A
Metro Board Delays Discussion of Fare Hikes
Washington Post – Twenty-one percent of daily bus riders use the card, compared with 65 percent of rail customers. Maryland board member Peter Benjamin, who was Metro’s chief financial officer for 13 years, said he also has a proposal but declined to provide specifics
Game studios fill out EA portfolio
MSN MoneyCentral – We are certainly under-represented in key genres like [role-playing games], action and adventure,” said Warren Jenson, chief financial officer, on a conference call. “We now have the potential to move into a strong competitive position in these
EA to Buy Developers From Bono’s Firm
Washington Post – for about $825 million. Electronic Arts, the world’s largest video-game publisher, will pay $620 million in cash to the studios’ owner, Elevation Partners . The total price also includes $205 million in stock compensation, chief financial officer
Adelphia execs appeal fraud convictions to U.S. Supreme Court
Philadelphia Inquirer – PHILADELPHIA – Adelphia Communications founder John Rigas and his son, the defunct cable company’s chief financial officer, have appealed their fraud convictions to the U.S. Supreme Court. John Rigas, 82, was sentenced to 15 years and Timothy Rigas
Vale to Invest $11 Billion in 2008 to Boost Output (Update3)
Bloomberg – Agnelli, Chief Financial Officer Fabio Barbosa and other Vale executives plan to brief investors, stock analysts and journalists on the investment plan in New York on Oct 15. To contact the reporters on this story: James Temple in San
Citigroup’s Maheras Exits After Loss, Pandit Promoted (Update1)
Bloomberg – He’s the highest-ranking executive to leave Citigroup since Prince ousted brokerage and private-banking head Todd Thomson, 46, in January, replacing him with Chief Financial Officer Sallie Krawcheck, 42. Maheras’s departure narrows the
S.F. plans market rates for prized parking spaces
San Francisco Gate – We’re looking at actually pricing a parking space like housing – let the market dictate the price,” said Sonali Bose, chief financial officer for the San Francisco Municipal Transportation Agency. In the idea’s simplest application, people would have
HBC exec becomes Air Canada VP
Montreal Gazette – The former president of Canada’s largest general merchandise retailer was appointed chief financial officer yesterday of the country’s biggest airline. Michael Rousseau, who has served as both president and CFO of Hudson’s Bay Co., is joining Air
Deckers Outdoor Corporation to Broadcast Review of Fiscal 2007 Third
MSN MoneyCentral – The Company’s products are offered under the Teva(R), Simple(R) and UGG(R) brand names, which are also its registered trademarks. Contact Information: Deckers Outdoor Corporation Zohar Ziv, 805-967-7611 Chief Financial Officer and Executive Vice
M&T’s profit falls 5.3% as bad loans double
Baltimore Sun – Higher credit costs, slow revenue growth and the impact of our investment in BLG hindered M&T’s performance,” said Chief Financial Officer Rene F. Jones in the statement. M&T’s net interest margin – the difference between what the bank pays on
Newfound appoints Simon Longfield as CFO
CNBC – LONDON (Thomson Financial) – International luxury resorts and destinations operator Newfound NV said it has appointed Simon Longfield as chief financial officer to take over from CFO John Theophilus with immediate effect. In its interim results on
Intermec Schedules Third Quarter Fiscal Year 2007 Financial Results
Forbes – Byrne, Chief Financial Officer and SVP, Lanny H. Michael and Director of Investor Relations, Kevin P. McCarty. -0- *T Conference Call: Thursday, November 1, 2007, 5 p.m. Eastern (2 p.m. Pacific) Dial-in Number: 1-(800) 857-8060 (US) 1-(210) 839
KB Home Chief Financial Officer Cecere Will Retire (Update2)
Bloomberg – Oct. 11 (Bloomberg) — KB Home, the Los Angeles-based homebuilder that has lost more than 40 percent of its value this year, said Chief Financial Officer Domenico Cecere will retire next year and it’s searching for a successor. Cecere, 58, will leave
After short tenure, top Trimeris execs leaving
Raleigh News & Observer – The top two executives at drug maker Trimeris — hired in March amid sweeping changes — are departing. The tenures of CEO E. Lawrence Hill Jr. and Daniel Ratto, chief financial officer of the Morrisville company, were envisioned as short-term from
North American troubles bring Sage axe down on two heads
Guardian Unlimited – Shares in Sage, the only software company in the FTSE 100 index, suffered their biggest one-day fall for four years after the company jettisoned Ron Verni, chief executive of its US business, and Jim Eckstaedt, the unit’s chief financial officer. The
Chief of Royal Bank unit to succeed Groenink as ABN AMRO chairman
International Herald Tribune – John Hourican, who runs European leveraged finance at Royal Bank, will become chief financial officer. Paul Dor from Fortis will run asset management. Javier Maldonado, who runs wealth management and corporate banking at Santander’s Abbey U.K. unit
Atelis Names Gabriel Kabazo CFO – Quick Facts [ATEL.L]
RTT News – 10/12/2007 2:42:57 AM Atelis plc (ATEL.L) said that Gabriel Kabazo has been appointed as Chief Financial Officer, effective immediately. Gabi Kabazo joins Atelis from m-Wise Inc., a high-tech company publicly traded in the USA. In his role as Chief
Advanced Cell Technology Announces the Promotion of Dr. Robert Lanza
Forbes – Robert Lanza, M.D., to the position of Chief Scientific Officer. Dr. Lanza joined Advanced Cell Technology in 1999 and has developed Statements in this news release regarding future financial and operating results, future growth in research and
Czech Unipetrol’s chief investment officer resigns
Forbes – PRAGUE (Thomson Financial) – Czech oil refinery Unipetrol’s investment chief Dariusz Marzec has resigned as a member of the management board and as chief investment officer, filings with Prague stock exchange showed. Marzec oversaw the PKN Orlen unit
BancTrust Financial Group and the Peoples BancTrust Company Announce
MSN MoneyCentral – MOBILE and SELMA, Ala., Oct. 11 /PRNewswire-FirstCall/ — W. Bibb Lamar, Jr., President and Chief Executive Officer of BancTrust Financial Group, Inc. BTFG , and Ted Henry, Chairman of The Peoples BancTrust Company, Inc. PBTC , today announced
Caught in a rate trap
St. Petersburg Times – We view Fort Myers as likely the worst housing market in the country,” J. Larry Sorsby, executive vice president and chief financial officer of Hovnanian Enterprises Inc., complained last month. Times staff writer James Thorner contributed to this
Tasty Baking Company to Webcast Third Quarter 2007 Financial Results
Forbes – Marberger, Executive Vice-President and Chief Financial Officer, will host the call, which will be broadcast over the Internet at the company’s website, www.tastykake.com. The conference call can be found under the subheading, “Investor Relations
KHD Humboldt Wedag International Ltd. Appoints Alan Hartslief as Its
Forbes – HONG KONG, Oct. 11 /PRNewswire-FirstCall/ — KHD Humboldt Wedag International Ltd. (NYSE: KHD) announced today that its Board of Directors has appointed Alan Hartslief, 49, as its Chief Financial Officer, succeeding Michael Smith, who will continue
James Robbins, 65; helped build Cox into cable giant
Boston Globe – He was chief financial officer in 1995, when the company went public – a move that he said proved to be essential. “We could not have acquired Times-Mirror cable without going public,” Hayes said. “Jim recognized that Times-Mirror was a great fit for
Street’s $34 million request blocked
Philadelphia Inquirer – Verna confirmed yesterday that she was holding up the ordinance and had asked Council’s chief financial officer to obtain more details about the intended uses for the $34 million. “Why couldn’t it wait until January?” she said in an interview. “I don
SJW Corp. Sets Date for Third Quarter Results Announcement
Forbes – SJW Corp. (NYSE:SJW) announced today that the Company will release its third quarter 2007 financial results after the close of the market on Thursday, October 25, 2007. W. Richard Roth, President and Chief Executive Officer, and Angela Yip, Chief
Malaga Financial Corporation Announces Extension of Cash Tender Offer
MSN MoneyCentral – The Bank’s web site is located at www.malagabank.com. Contact Information: Malaga Financial Corporation Randy C. Bowers, President and Chief Executive Officer 310-375-9000 rbowers@malagabank.com Copyright 2007 BusinessWire Back to News Home MSN Money
Robyn Priest Appointed Chief Financial Officer
MSN MoneyCentral – Robyn has a distinguished background, having previously served as a finance executive in public companies. She has also served in the capacity of Chief Financial Officer. Robyn injects solid business discipline and strict business control procedures
Citigroup shakes up management
Times of India – UBS said that investment bank head Huw Jenkins and group chief financial officer Clive Standish were leaving. Citi’s Chief Financial Officer, Gary Crittenden, said last week that the bank’s performance was below expectations even accounting for
LVMH May Say Sales Rose on Watches, Neverfull Bags: Outlook
Bloomberg – We expect group Chief Financial Officer Jean-Jacques Guiony to highlight improved growth trends for fashion and leather goods in Japan,” Guy wrote in an Oct. 11 note. Watch sales probably also fueled growth in the quarter, analysts said
Commerce overtakes Citizens
Philadelphia Inquirer – McCollom, Sovereign’s chief financial officer said yesterday that most of that money was wholesale deposits, which it buys from other banks because it is cheaper than borrowing. In the seven suburban counties, Sovereign was in sixth place, behind PNC
Molson Coors global chief financial officer exercises options, sells
CNBC – NEW YORK – The global chief financial officer of beer producer Molson Coors Brewing Co. exercised options for 30,000 shares of stock under a prearranged trading plan, according to a Securities and Exchange Commission filing. In a Form 4 filed with
Michael Baker hires executive search firm Boyden Corp. to find chief
CNBC – Chief Accounting Officer Craig Stuver has been acting as interim chief financial officer since William Mooney resigned on Sept. 7. Michael Baker also said Thursday that Bradley Mallory will become its new operating chief, effective on Monday. The
Countrywide CEO may face probe
Seattle Times – Angelo Mozilo, chairman and chief executive officer of Countrywide Financial Corporation NEW YORK Countrywide Financial said Thursday its mortgage fundings for last month fell 44 percent from the same period a year ago, and the mortgage lender is
Micron chief financial officer sells 17,400 shares
CNBC – NEW YORK – The chief financial officer of semiconductor maker Micron Technology Inc. sold 17,400 shares of common stock, according to a Securities and Exchange Commission filing. In a Form 4 filed with the SEC Wednesday, Wilbur G. Stover Jr. reported
Boeing to Release Third-Quarter 2007 Financial Results on Oct. 24
PR Newswire – Chairman, President and Chief Executive Officer Jim McNerney, and Executive Vice President and Chief Financial Officer James Bell will discuss the results and company outlook during a conference call at 10:30 a.m. Eastern Time. The call will be
Jefferies Names New Chief Financial Officer
Forbes – Jefferies Group, Inc. (NYSE: JEF) today announced the appointment of Peregrine (“Peg”) C. de M. Broadbent as the Firm’s Executive Vice President and Chief Financial Officer. Mr. Broadbent joins Jefferies from Morgan Stanley, where he worked for 16
InPhonic May Put Itself Up For Sale
Washington Post – In July, the company named a new chief financial officer, Kenneth D. Schwarz. And its founder, David Steinberg , who started selling cellphones from his Bethesda townhouse, has stepped aside to let Andy Zeinfeld, a veteran executive from Radio Shack
Symyx Technologies to Announce 2007 Third Quarter Financial Results
Forbes – Isy Goldwasser, chief executive officer, and Rex Jackson, executive vice president and acting chief financial officer, will host a webcast at 5:00 pm ET, 2:00 pm PT, to discuss Symyx’s recent business and financial results and outlook. A question and
Oakwood Worldwide Chief Financial Officer Named ”CFO of the Year” by
Forbes – Oakwood Worldwide, the leading global temporary housing and serviced apartment provider, today announced that its Senior Vice President and CFO, Steve Selcer, was named “CFO of the Year” at the Los Angeles Business Journal’s October 3rd CEO
AT&T Mobile Phone Chief Retires
San Francisco Gate – Article:AT&T Mobile Phone Chief Retires:/n/a/2007/10/11/financial/f124705D29.DTL from group president of the regional telecom and entertainment unit, previously served as the chief operating officer
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