Commonwealth Bank appoints officers Aug 26, 2008
Wells has served as vice chairman of the bank s holding company, , since 1989. The board also appointed Michael Miller the bank s chief operating officer. (Louisville Business First, KY)
Mid-flight scare as Ryanair jet makes emergency landing Aug 26, 2008
Subscribe to The Times and The Sunday Times. Navigation - link to other main sections from here. (Times Online)
The People's Choice Aug 26, 2008
8 billion held by the publicly traded holding company, for stock buybacks and acquisitions. MORE ON STOCKS FROM SMARTMONEY.COM. (SmartMoney)
PNBC reports record income in 2008 Aug 26, 2008
Princeton National Bancorp, Inc. is the parent holding company of Citizens First National Bank, a 1. 105 billion community bank with locations in Will, Kendall, Kane, Grundy, DeKalb, LaSalle, Bureau and Marshall counties in northern Illinois. (Princeton Bureau County Republican, IL)
Power generation peaks at 3,300 megawatts Aug 26, 2008
General Manager, Public Affairs of the Power Holding Company of Nigeria (PHCN), Mrs. Efuru Igbo, who confirmed this to The Guardian at the weekend said power supply has generally increased compared to the situation some months back. Before now, power generation had been hovering at between 1,800MW and 2,400MW.. (Guardian News, Nigeria)
Six airlines in battle to buy Austrian rival Aug 26, 2008
75 percent stake in AUA, which is held by the state-owned holding company OeIAG.. While Lufthansa has confirmed it is in the running, neither Air France-KLM, OeIAG or AUA were willing to comment on the information. (Business Report, South Africa)
New wealth building exercises overlook real empowerment Aug 26, 2008
It provides, among other things, that the institutions target a minimum 25 percent black ownership at holding company level by 2010. It also provides that, of the target, 10 percent has to be satisfied by direct ownership and there's an incentive of scorecard bonus points if the 15 percent balance is direct. (Business Report, South Africa)
Adcock shares fall on first day back Aug 26, 2008
Adcock listed separately after unbundling from Tiger Brands, its holding company. For every Tiger Brands share held investors got one Adcock share. (Business Report, South Africa)
AT&T U-verse Arrives in South Bend Aug 25, 2008
For additional information on ATrse -- or to find out if it's available in your area -- visit call 800-ATT-2020 or visit one of the following ATil locations: -- 4170 Grape Road, Mishawaka -- 6501 N. Grape Road, Mishawaka About AT AT (NYSE: ) is a premier communications holding company. Its subsidiaries and affiliates, ATating companies, are the providers of ATices in the United States and around the world. (PR Newswire)
YRC Worldwide Subsidiary Drivers Capture two National Champion Titles at the 2008 National Truck Driving Championships Aug 25, 2008
The YRC Worldwide National Truck Driving Championships team includes the following members: Yellow Transportation Drivers Class Service Center Roger Anderson 4-Axle Cincinnati, OH Chris Ballard Sleeper Indianapolis, IN Everett Bogert Twin Trailers Portland, OR Tim Brochue 4-Axle Coldwater, MI Shawn Campos Flatbed Maybrook, NY Don Conklin Tanker South Bend, IN Jerry Cudmore Tanker Watertown SD Glade Evenson 4-Axle Sioux Falls, SD Eric Halchishak 3-Axle Coldwater, MI David Hall 4-Axle Little Rock,... (PR Newswire)
Florida 'cowboy' gallops into Alaska politics Aug 25, 2008
Vickers still earns money from legal billings to Eller Maritime Co., a holding company. His candidate financial disclosure says he made $744,000 in legal billings last year. (Anchorage Daily News)
Nirek Resources Inc. Offers to Purchase a Minimum of 20% of Ofek Capital Corp. Aug 25, 2008
Ofek is a North American management and holding company, operating through its subsidiaries. Ofek holds a 25% interest in Kaptor Financial Inc., an Ontario based financial company involved in merchant banking and automotive financing. (CCNMatthews Press Releases)
Taiwan investigates alleged money laundering Aug 25, 2008
A financial holding company denied there was any wrongdoing, but the accusations still sparked deep plunges in financial shares on the Taiwan stock exchange last week. AP. (Sydney Morning Herald -- World)
Lufthansa says interested in Austrian Airlines stake Aug 25, 2008
AUA is currently searching for a strategic partner, and the country's state holding company OeIAG, which holds a 43 percent stake in the airline operator, has invited potential bidders for Austrian to notify their interest by Aug. 24. Austrian's board has screened possible buyers and sources close to the board said a majority favours Germany's Lufthansa The board sees Air France-KLM (nyse: - - ), Aeroflot and Turkish Airlines as second choices. (Forbes)
Brisk business ahead for Semen Gresik despite challenges Aug 25, 2008
With so much work to be done, re-organization is in the pipeline with the creation of a holding company for the three units ... "We hope (with the holding company) the group will become more and more efficient," Dwi said. (Jakarta Post, Indonesia -- Business)
Taiwan Ex-Pres Alleged $ Laundering Aug 25, 2008
A financial holding company denied there was any wrongdoing, but the accusations still sparked deep plunges in financial shares on the Taiwan stock exchange last week. More from. (Time.com)
CaribeVision Television Networks Signs Agreement With Santander Puerto Rico Aug 24, 2008
About Santander Puerto Rico Santander Puerto Rico ("Santander BanCorp") is a publicly held financial holding company that is traded on the New York Stock Exchange (SBP) and on Latibex (Madrid Stock Exchange) (XSBP). 91% of the outstanding common stock of Santander BanCorp is owned by Banco Santander, S.A. (Santander). (PR Newswire)
How the U.S. bank insurer deals with a collapse Aug 24, 2008
That was the case when regulators closed two banks July 25 owned by an Arizona holding company. The deposits and some of the assets were acquired by Mutual of Omaha Bank. (Globe and Mail -- Business)
Korea Development Bank, Weighing Investment in Lehman, Sees `Opportunity' Aug 23, 2008
The government also plans to set up a holding company for the bank and its three affiliates in November or December, the statement said. Net income from KDB's overseas operations dropped 42 percent to $24. (Bloomberg -- Asia)
Abigail Adams National Bancorp, Inc. Announces Suspension of Quarterly Dividends Aug 23, 2008
WASHINGTON, Aug. 22 /PRNewswire-FirstCall/ -- Abigail Adams National Bancorp, Inc. (Nasdaq: ), a bank holding company with offices in Washington DC, Maryland and Virginia, today announced that its Board of Directors has voted to suspend regular quarterly dividends on its common stock effective immediately. Abigail Adams National Bancorp, Inc.'s President and Chief Executive Officer, Jeanne D. Hubbard, stated, "While the company reported a profit in each of the first two quarters of 2008 and our... (PR Newswire)
United Security Bancshares, Inc. Announces Quarterly Dividend Aug 23, 2008
About United Security Bancshares, Inc. United Security Bancshares is bank holding company that operates nineteen banking offices in Alabama. In addition, the Company's operations include Acceptance Loan Company, Inc., a consumer loan company; FUSB Reinsurance, Inc., an underwriter of credit life and credit accident and health insurance policies sold to the bank's and ALC's consumer loan customers; and R2Metrics, Inc., a provider of investment and asset and liability management software,... (PR Newswire)
Hochtief Gains Most Since January on Report Investors May Break Up Company Aug 23, 2008
Deripaska's Basic Element holding company ``strongly rejects the unfounded rumors,'' reported in the magazine, it said in a statement on its Web site. Basic Element remains firmly committed to its investment in Hochtief. (Bloomberg -- Germany)
Energy East payouts possible Aug 23, 2008
However, it's unclear if that document includes top executives and directors of Energy East, the holding company that owns those affiliates. A proxy statement filed by Energy East last October -- sent to shareholders seeking their approval of the deal -- shows that top Energy East executives are owed $43 million under their change-in-control agreements if they are replaced. (Albany Times Union)
* Business Briefs Aug 23, 2008
Uni-President Enterprises Corps (@~) China-listed holding company has suffered 128 million yuan (US$18. 73 million) in exchange losses in the first half of this year, a report said yesterday. (Taipei Times, Taiwan -- World)
Batelco second bidding round underway Aug 23, 2008
Mumtalakat, the Bahrain government holding company, has started the sale of its stake in Bahrain Telecommunication Company [Batelco], Mumtalakats chief executive officer Talal al-Zain told mergermarket ... Mumtalakat holds a direct stake in Batelco of 37% and a further 33% of Hawar Holding Company, which owns a 20% stake in the integrated telecommunications company. (FT.com -- Markets)
Donegal Mutual Insurance Company Announces Plan to Acquire Conestoga Title Insurance Company Aug 23, 2008
Donegal Mutual owns approximately 66% of the voting control of Donegal Group Inc., an insurance holding company that, through its insurance subsidiaries, conducts a property and casualty insurance business in 18 states in the Mid-Atlantic, Southeastern and Midwestern regions of the United States. The Class A common stock and Class B common stock of Donegal Group is traded on the Nasdaq Global Select Market under the symbols DGICA and DGICB. Donegal Group is not a party to the transaction with... (Primezone Releases)
First National Bank of the South Launches New Branding Initiative and Mascot Aug 22, 2008
"These ads really bring to life First National's reputation of being very focused, attentive and energetic with a strong work ethic." First National Bank of the South is a subsidiary of First National Bancshares, Inc. (Nasdaq: ), an $853 million asset bank holding company based in Spartanburg, South Carolina. First National Bank of the South provides a wide range of financial services to consumer and commercial customers with 12 full-service branches in five South Carolina counties. (PR Newswire)
Tata Motors may sell stakes in group cos to raise funds Aug 22, 2008
Incidentally, the Tata group had earlier planned to dilute equity in some of the subsidiaries like Tata Daewoo, HV Axles and HV Transmissions through an IPO. An auto analyst pointed out that since the market is on a downturn, and it would be difficult to get a good price, the main holding company Tata Sons will initially fund. Nevertheless, the Tata Motors stock declined 1. (India Times)
Bexar County Performing Arts Center gains major AT&T contribution Aug 22, 2008
Dallas-based AT&T Inc. (NYSE: T) is a global communications holding company. The telecom company has 5,300 employees in San Antonio. (San Antonio Business Journal, TX)
Air Touring agrees to represent Mooney in Germany Aug 22, 2008
Kerrville-based Mooney Airplane is a wholly owned subsidiary of Ltd., a general aviation holding company. Web site: www. (San Antonio Business Journal, TX)
Buffett's $48bn donation deadline Aug 22, 2008
The world's second-richest man revealed last year that five charitable foundations would gain from his shares in holding company Berkshire Hathaway. Mr Buffett told Berkshire shareholders on Thursday he wanted proceeds from his stock given to charities "within 10 years after my estate is closed". (Yahoo News -- Philanthropy and Volunteerism)
Tangerang shoe workers strike for holiday bonus Aug 22, 2008
Nike Corporation, an American athletic apparel company, had sent a termination letter July 6, 2007, to Siti Hartati Murdaya, president director of PT Central Cipta Murdaya, HASI's holding company, the workers said. The letter said Nike intended to end cooperation with them and PT Naga Sakti Parama Shoes Industry (NASA). (Jakarta Post, Indonesia -- City)
Citizen to Launch Tender Offer for Miyano Aug 22, 2008
said Thursday it will launch a tender offer for Miyano Machine Inc. to make the company a consolidated subsidiary. Citizen formed a capital and business alliance with Miyano in January 2007 and is already the top shareholder of the company with 29. (JCN Network, Japan)
Meridian Interstate Bancorp, Inc. Announces 2008 Annual Meeting Results Aug 22, 2008
Meridian Interstate Bancorp, Inc. is the holding company for East Boston Savings Bank. East Boston Savings Bank is a Massachusetts chartered stock savings bank that operates from 11 full service locations in the greater Boston metropolitan area. (Primezone Releases)
Tavis Smiley Announces America I AM Exhibition Will Debut at Philadelphia's National Constitution Center in January Aug 22, 2008
TSG is the holding company for Tavis Smiley Presents, Smiley Radio Properties, High Quality Speakers Bureau, TS Media, and SmileyBooks. The Tavis Smiley Foundation is a nonprofit organization that provides leadership development training for youth. (Yahoo! Wire -- Entertainment News)
FDIC sets mortgage plan for IndyMac borrowers Aug 22, 2008
IndyMac Bancorp Inc., which was the holding company for IndyMac Bank, had been struggling to raise capital and manage losses from soured mortgage loans. It has filed for Chapter 7 bankruptcy protection, meaning its business will be liquidated to help pay off its creditors. (San Diego Union-Tribune -- Business)
OfficeMax stock slumps on CFO exit for Allstate Aug 21, 2008
The Allstate Corporation serves as the holding company for Allstate Insurance Company. The Companys; Thomas WilsonChairman of the Board, President, Chief Executive Officer Samuel PilchActing CFO, Vice President, Controller; Group Vice President and Controller of AIC From The Lists Your resource for everything related to business in Chicago. (Crain's Chicago Business)
Buffett, Gates Tour Canadian Oil Sands Operation Aug 21, 2008
Buffett, the world's richest person, according to Forbes magazine, is chairman of diversified holding company Berkshire Hathaway Inc. Neither he nor Microsoft Corp co-founder Gates could be immediately reached for comment. (ABC News -- Wire)
Frost plugging into Westover Hills Aug 21, 2008
Frost Bank is the banking, investments and insurance subsidiary of (NYSE: CFR), a financial holding company headquartered in San Antonio, with assets of $13. 7 billion as of June 30, 2008. (San Antonio Business Journal, TX)
BFC Financial ups stake in BankAtlantic Aug 21, 2008
BFC Financial (NYSE: BFF), which is based in BankAtlantic s Fort Lauderdale headquarters, paid a total of $672,328 for the bank holding company s Class A common stock in two separate open market purchases first on Aug. 18 for $1. 34 each and the second on Aug. 19 for $1. (South Florida Business Journal, FL)
Saying bye to BB&T Bank Aug 21, 2008
6 billion in assets, BB&T Corp. is the nation s 14th largest financial holding company. For the Keyser and Mineral County area, BB&T operates a full-service financial center in Keyser on Route 220 South and in Fort Ashby on Route 28. (Keyser Mineral Daily News Tribune, WV)
Nissin Food to Make Full Entry into Frozen Meal Biz Aug 21, 2008
said Wednesday that it will make a full-fledged entry into the prepared frozen food market in September. The company will launch eight prepared frozen meal products featuring high quality, aiming to attract middle-aged and elderly consumers. (JCN Network, Japan)
PNBC reports record income in 2008 Aug 21, 2008
Princeton National Bancorp, Inc. is the parent holding company of Citizens First National Bank, a 1. 105 billion community bank with locations in Will, Kendall, Kane, Grundy, DeKalb, LaSalle, Bureau and Marshall counties in northern Illinois. (Princeton Bureau County Republican, IL)
AT&T Delivers Live and On-Demand Performances From Outside Lands Music & Arts Festival Across Three Screens Aug 21, 2008
AT&T Inc. (NYSE: - ) is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. (Yahoo! Wire -- Entertainment News)
ECM Libra appoints 3-man team to helm bank Aug 21, 2008
Jeyaratnam takes over from Lim Kian Onn, who will step down as acting CEO of the bank and continue to focus on his other role as managing director of ECM Libra Financial Group Bhd, the holding company of the bank. It also said in line with the banks long-term succession planning, the current deputy head of investment banking division Shahin Jammal was promoted to the deputy CEO of the bank. (The Star Online, Malaysia -- Business)
Brimstone records loss on soft markets Aug 21, 2008
Cape Town - Brimstone's half-year earnings fell from a net profit a year ago of R237 million to a loss of R99 million after share price falls in Nedbank and Old Mutual, the investment holding company said yesterday ... Brimstone's half-year earnings fell from a net profit a year ago of R237 million to a loss of R99 million after share price falls in Nedbank and Old Mutual, the investment holding company said yesterday. (Business Report, South Africa)
Shock ruling will force BAA to unload airports Aug 21, 2008
Online Edition Powered By IOL. London - Spanish builder Ferrovial must sell three of the seven UK airports it bought for 10 billion (R144 billion) two years ago through the acquisition of BAA, according to a tougher-than-expected ruling delivered yesterday. (Business Report, South Africa)
Regulators, risk aversion imperil banks' returns Aug 21, 2008
Online Edition Powered By IOL. London - A slump in lucrative structured finance business and regulators' demands for bigger capital reserves mean stratospheric profitability at banks is gone, possibly forever. (Business Report, South Africa)
Airlines stand to lose $6.1bn Aug 21, 2008
Business Report - Airlines stand to lose $6. Online Edition Powered By IOL. (Business Report, South Africa)
Drug registration shake-up imminent Aug 21, 2008
Online Edition Powered By IOL. By SLINDILE KHANYILE. (Business Report, South Africa)
Glacier Bancorp, Inc. Announces Acquisition of Bank of the San Juans in Durango, Colorado Aug 20, 2008
Glacier Bancorp is a regional multi-bank holding company with ten banking subsidiaries that provide commercial banking services in 53 communities in Montana, Idaho, Utah, Washington, and Wyoming ... The boards of Glacier and Bank of the San Juans Bancorporation (the bank's holding company) unanimously approved the transaction, which is subject to regulatory approval and other customary conditions of closing ... About Glacier Bancorp, Inc. Glacier Bancorp, Inc. is a regional multi-bank holding... (PR Newswire)
American National Bankshares Inc. Announces Dividend and Continues Stock Repurchase Plan Aug 20, 2008
About American National American National Bankshares Inc. is a bank holding company with assets of $791 million. Headquartered in Danville, Virginia, it is the holding company of American National Bank and Trust Company, a community bank serving Southern and Central Virginia and the northern portion of Central North Carolina with twenty banking offices and a loan production office. (PR Newswire)
First Place Financial Corp. Announces Additional Other-Than-Temporary Impairment for June 30, 2008 and Updates Earnings Aug 20, 2008
3 billion financial services holding company based in Warren, Ohio. First Place Financial Corp. operates 45 retail locations, 2 business financial service centers and 20 loan production offices through the First Place Bank and the Franklin Bank divisions of First Place Bank. (PR Newswire)
President/CEO leaves First Keystone Aug 20, 2008
the holding company for , said Tuesday that President and CEO Thomas M. Kelly has resigned, effective Aug. 15 in order to pursue personal interests. Kelly will remain at the bank until Nov. 15 to assist in the transition to a new CEO. The board of directors has appointed its chairman and the bank s former CEO, Donald S. Guthrie, to serve as interim CEO. Guthrie joined the bank s management team in 1990 and held various positions prior to becoming the president and CEO in 1993, a position he held... (Philadelphia Business Journal, PA)
EU regulators approve Kenwood, JVC merger Aug 20, 2008
JVC, officially called Victor Co. of Japan, and Kenwood Corp. announced in May that they had agreed to combine operations under a holding company that will focus on car and home audio electronics. In a statement the European Commission said that overlaps between the merging companies were limited and the new company, JVC Kenwood Holdings, would face significant competition in European markets. (International Herald Tribune -- Technology)
Budget Crisis Looming in Nigeria Aug 20, 2008
com: Nigeria: Budget Crisis Looms (Page 1 of 1). Use our pull-down menus to find more stories. (allAfrica.com)
Adidas America Aug 20, 2008
Naturally Advanced Technologies is essentially a holding company that operates three subsidiaries: Hemptown USA, and. Shares climbed 16 percent in afternoon trading Monday to $1. (Portland Business Journal, OR)
PMI soars on $920M sale of Australian subsidiary Aug 20, 2008
Shares of soared Thursday after the company said it agreed to sell its Australian mortgage insurance subsidiary and related Australian holding company to Ltd., Australia s largest international general insurance and reinsurance group. The transaction will enhance PMI s overall liquidity and support opportunities for its U.S. mortgage insurance operations, PMI said. (East Bay Business Times, CA)
Security Bank Corporation Announces Suspension of Quarterly Dividends Aug 20, 2008
Aug. 20, 2008 (GLOBE NEWSWIRE) -- Security Bank Corporation (NasdaqGS: - ) today announced its Board of Directors has voted to suspend regular quarterly dividends on its common stock effective immediately and also voted to suspend holding company Board of Directors' fees ... Based in Macon, Georgia, Security Bank Corporation is a multi-bank holding company with assets of $2. (Primezone Releases)
Robert Gates warns of strained US-Russia relations 'for years' after Georgia conflict Aug 20, 2008
Subscribe to The Times and The Sunday Times. Navigation - link to other main sections from here. (Yahoo News -- U.S. Military)
Flemming out, Tobbe in as Waterford Bank CEO Aug 20, 2008
Goldome became the nation's second largest multi-state savings bank and holding company before it was closed in 1991 during the S&L crisis when hundreds of thrifts failed. Though its health was improving at the time of closing and supporters argued that it would be profitable soon, Goldome, with assets of $9. (Buffalo Business First, NY)
Gary Glitter leaves jail and heads to the UK Aug 19, 2008
Download your half price voucher here. Navigation - link to other main sections from here. (Times Online)
G Srinivasan, TK Balaji resign from TVS Motor Aug 19, 2008
"It is only for governance issues that we decided that the family members should step down from operating companies. Therefore, both Balaji and Gopal resigned from the board. We want to have professional and independent directors as we feel it is better from a governance standpoint and also makes the company significantly stronger. The family members will however be on the board of holding company," Venu Srinivasan told TOI.. More India Business. (India Times, India -- Intl Business)
MEGA Brands announces amendments to its credit facilities and the closing of a CA$75 million private placement Aug 19, 2008
About Fairfax Fairfax Financial Holdings Limited is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. Forward-Looking Statements All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements". (PR Newswire)
Southwest Securities Appoints Maryrose Dombrowski, Senior Vice President, Marketing, Clearing Services Aug 19, 2008
Southwest Securities is a member of SWS Group Inc., a Dallas-based holding company offering a broad range of investment and financial services through its subsidiaries. Clearing Services is one of SWS Group's four major business segments, which also include retail brokerage, institutional brokerage and banking. (PR Newswire)
