| Webster Financial Corporation Announces 2007 First Quarter ...
WATERBURY, Conn., April 5 /PRNewswire-FirstCall/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, National Association, reported today preliminary information regarding first quarter 2007 earnings results and also announced plans for its first quarter earnings release and conference call. (Logo: http://www.newscom.com/cgi-bin/prnh/20050421/NYTH039LOGO ) Webster reported the following information regarding first quarter 2007 earnings: Peoples Mortgage Company On March 30, 2007, Webster announced the sale of three offices of Peoples Mortgage Company ("PMC"), a wholly owned subsidiary of Webster Bank, to First Mariner Bank. The press release announcing the transaction is available on Webster's website at www.websteronline.com. As part of Webster's previously announced strategic review process, Webster determined that PMC's operations no longer fit Webster's core business model.
Delta Moves Toward Pay For Performance
Delta will reward both management and non-contract employees with stock options and cash incentives upon emergence from bankruptcy through two separate comprehensive compensation programs. One is for its 39,000 non-contract employees around the world, and the other is for 1,200 managers, who will receive $240 million in shares. Delta took this unusual step of rewarding the non-contract employees, which is not a step United took last year when it came under fire from its employees over executive pay. Delta management wants employees to be a part of the airline's future success, and said pilots and flight dispatchers, who are covered by collective bargaining agreements, will fully share in future successes. Gerald Grinstein, CEO, said, "A bedrock principle of Delta's transformation is that Delta people around the world would benefit from the success their hard work helped make possible." The plan will distribute a significant amount of Delta stock that employees may hold or sell, offers lump sum cash payments, gives pay increases starting this summer, offers incentive awards for performance and profit sharing tied to performance, and sets a new defined contribution retirement benefit.
Saving for the Future is Easier Than You May Think
If you're one of the millions of consumers receiving a tax refund or bonus this time of year, you may be uncertain about the best way to spend or save your hard-earned dollars. What's the best way to begin a savings plan or invest for the future? According to experts, the appropriate course depends upon life circumstances, including financial condition, short-and long-term goals, and the needs of your dependents. "Many people think of their tax refund as extra spending money, but they should consider setting at least a portion aside for the future," said Donna DeMaio, president of MetLife Bank. "Extra money represents an opportunity to start planning for a retirement or saving for a child's education. Saving is a critical issue, because financial advisors warn that many Americans are living paycheck to paycheck, and endangering their ability to live comfortably in their golden years."
Here are some options to consider: Pay off debt.
Warsaw Stock Exchange weekly
ENERGOPOL Energopol is a construction and civil-engineering company. It has been listed on the WSE since 1998. The firm's main shareholders are Jupiter NFI, which holds 30.74 percent of shares, and Zbigniew Jakubas, who holds 22.9 percent. Sales revenue for Q4 2006 reached z.14.09 million, while net profit came to z.239,000. ATLANTIS This Warsaw-based company operates in the construction, real-estate and civil-engineering sectors. It has subsidiaries in the special economic zone in Mielec as well as in the Kaliningrad oblast of Russia. In 2006 the company posted a net loss of z.1.41 million. The company's nominal capital is z.12.4 million and the total number of shares issued comes to 12.4 million. MASTERS Masters (formerly Elpo) is a producer of denim clothes.
Bill to resolve SMEs’ fund raising woes
This will encourage fund infusion by willing investors into SMEs as strategic equity partners in those enterprises, explained Mr Sircar. The Bill, which was piloted by Union ministry of company affairs, is awaiting approval from the Rajya Sabha. Ensuring limited liability of partners, the Bill paves the way for equity participation in SMEs by professionals, IT companies and venture capitalists. Though talks are doing the rounds on formation of a separate platform for trading in SME securities, the SSI ministry is yet to receive a formal proposal either from Sebi or NSE on the matter. Once a formal proposal is received, the matter will be placed before the National Board on SSIs, under the ministry, to discuss what enabling provisions are required for participation of SMEs in stock trading, said Mr Sircar.
On the move: Kathryn A. Bickel
Kathryn A. Bickel has been named director of real estate for U.S. operations for Contours Express corporate headquarters in Nicholasville. Bickel brings more than 20 years of experience in sales and marketing to the company, which specializes in womens gyms. Prior to joining Contours Express, Bickel was affiliated with Milestone Realty Consultants as a Realtor. She spent 15 years with AT&T in various divisions, including San Francisco; Fort Lauderdale, Fla.; Los Angeles, Louisville and Atlanta. Bickel was a member of Amdahl North Americas software sales team and a market analyst for Siemens Electromechanical Components. She also served as the coordinator for Bluegrass Community and Technical Colleges business and industry outreach programs.
Positive outlook buoys Alcoa day before earnings
NEW YORK (Reuters) - One day before Alcoa Inc. (AA.N) kicks off the new earnings season with its first-quarter results, Bear Stearns on Monday raised its forecasts for the world's largest aluminum company and the industry in general. The upbeat report came after another investment bank, JP Morgan, lowered Alcoa's first-quarter earnings estimate last week because of unusual costs and currency fluctuations that would likely offset higher aluminum prices. .
Why I'm Betting on Advanced Micro Devices - For Now
Surya Yalamanchili submits: I began this post thinking about my pathetic Advanced Micro Devices, Inc. (AMD) stock. I've come to learn that everyone in the world right now seems to hate AMD and the stock. Or at least this is true if you believe the stock market reflects public sentiment on the future of a firm. They're around the 52 week-low of $13 and were at roughly $40 a year ago. However I decided to post a far longer ramble on the two monopolies of the PC industry, their future, how this impacts PC's, and all of this impact on the stocks that I own. The Twin Monopolies As computer makers earned fractions of a few pennies on every dollar (at best) in systems sold, for years two companies have reaped massive profits from each sale. These two companies held the most noticeable monopolies in the PC business: Microsoft (MSFT) and Intel (INTC).
NES Rentals Completes Tank Sale to Odyssey Investment Partners
CHICAGO--(BUSINESS WIRE)--NES Rentals Holdings, Inc., one of the largest aerial equipment rental and traffic safety service providers in the country, announced today the completion of the sale of its Tank business to Odyssey Investment Partners, a private equity firm. The proceeds from the sale will be used to reduce debt thereby strengthening the company's financial position. Andrew P. Studdert, NES Rentals Chairman and Chief Executive Officer, commented, "The sale of the tank business is consistent with the company's strategy to concentrate on the aerial equipment rental business. We have made significant investments in our fleet, having spent almost $300 million in new equipment since 2004, and have increased our emphasis on equipment maintenance, reliability and enhanced customer service.
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