The donation will be made to the Deepwater Horizon Memorial Fund, established last year in the wake of the disaster, for donations by coworkers and friends to help the families of the 11 men lost in the accident.
Transocean's (NYSE:RIG) senior management team said last night they would donate the portion of their bonuses they earned from getting good marks on internal safety metrics to the families of the 11 men killed in last years Deepwa
Luciano will lead the company's global operations and commercial activities. He will report to the company's Office of the Chairman, comprised of Chairman, CEO and President Patricia Woertz and Vice Chairman John Rice.
Patricia Woertz commented on the announcement saying, "I am very pleased to have Juan join our senior executive team and partner with us as we grow the value, earnings and size of our company.
Archer Daniels Midland (NYSE:ADM) announced that Juan R. Luciano will join the company in the new role of Executive Vice President and COO, which is effective on April 12.
For the most part, CEOs had a pretty good pay year in 2010. The Wall Street Journal is reporting that CEO bonuses at 50 major companies rose 30.5%, according to a study conducted by consulting firm Hay Group. That figure is the la
Vincent C. Byrd, currently the President of U.S. Retail Coffee and with 34 years experience at the company, will assume the role of President and Chief Operating Officer with responsibility for the Company's U.S.
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The J.M. Smucker Company (NYSE:SJM) said on Tuesday that effective August 16, 2011, Richard K. Smucker will become the sole CEO of the Company. His current Co-CEO, Timothy P. Smucker, will continue to serve the Company as Chairman
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The Wall Street Journal reports that Citigroup's (C) compensation plan is getting panned by CLSA analyst Mike Mayo, sending shares fractionally lower. Mayo, who the Journal says has been a sharp critic of the bailed out bank, crit
GSI Commerce (NASDAQ:GSIC) reported Q4 EPS of $0.57, topping consensus estimates of $0.51 per share. Revenues for the quarter rose 25% year-over-year to $537.0 million, ahead of consensus estimates of $532.9 million.
Nuance Communications (NASDAQ:NUAN) reported fiscal Q1 EPS of 28 cents, short of the 31 cents analysts were expecting. Revenue also was light totaling $317.3 million, vs.
Prudential reported book value per share of $63.11 as of Dec. 31, up from $51.52 per share in the year-ago period.
Chairman and CEO John Strangfeld said, "Our solid operating results for the fourth quarter and the year reflect sustained organic growth in our key U.S. retirement and international insurance businesses.
Prudential (NYSE:PRU) reported Q4 EPS of $1.78, easily beating Street estimates of $1.48 per share. Revenue in the quarter totaled $8.13 billion, also well above the $7.88 billion consensus.
The company said it sees 2011 EPS of $4.60-$4.80, vs. a consensus estimates of $4.61. Advanced Auto is forecasting 2011 comparable sales up in the low to mid single digits.
CEO Darren Jackson said, "Our team reached many record strategic and financial milestones this year.
Advanced Auto Parts (NYSE:AAP) reported Q4 EPS of 57 cents, better than the 54 cents per share analysts were expecting. Revenue rose 11.1% year-over-year and totaled $1.27 billion, just above the Street target of $1.25 billion. Gr
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...