Stock woes cause Aflac executives to trim, give up bonuses

Aflac Chairman and CEO Daniel P. Amos is giving up his 2008 bonus —- a payout that would have netted him $2.8 million —- because of the Columbus-based supplemental insurer’s depressed stock price.
Kriss Cloninger III, the company’s president and chief financial officer, is reducing his bonus by 35 percent or about $477,000.
The announcements, made after the close of markets Monday, come even though Aflac executives Read the rest of this entry »

February 21, 2009 | , , , , , , ,
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Target Says Discounts Trim Fourth-Quarter Profit

Feb. 24 (Bloomberg) --
, the second-largest
discount chain, said profit fell 41 percent, the sixth consecutive
quarterly decline, after it cut prices over the holidays and set
aside more money for unpaid credit-card balances.
dropped 41 percent to $609 million, or 81 cents a
share, the Minneapolis-based retailer said today in a statement.
The average of 18 analysts’ estimates compiled by Bloomberg was
83 cents. Target said Feb. 5 that profit Read the rest of this entry »

June 24, 2008 | , , , , , ,
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US Stock Futures Fall, Indicate S&P 500 May Trim Weekly Gain

U.S. Stock Futures Fall, Indicate S&P 500 May Trim Weekly Gain
Nov. 28 (Bloomberg) --
fell, indicating
the
may trim its best weekly gain
since 1974, after Europe’s largest computer-chip maker cut its
sales forecast and lower oil dragged down energy producers.
Intel Corp., the world’s largest semiconductor company,
retreated 2.4 percent after European rival STMicroelectronics NV
said fourth-quarter sales may fall as much as 18 percent from
the Read the rest of this entry »

February 17, 2008 | , , , , , ,
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Analysts trim 2009 profit view on Morgan Stanley

Dec 18 (Reuters) - Wall Street analysts trimmed their 2009
profit view on Morgan Stanley (MS.N:
,
,
), a day after the bank
posted its second loss in the last five quarters.
Sanford C. Bernstein's Brad Hintz expects the company's
trading and principal investments to be weak going forward. He
cut his 2009 profit view on the company by 5 percent to $3.39 a
share.
"Morgan Stanley faces the first global economic slowdown in
modern times. This Read the rest of this entry »

December 16, 2007 | , , , , , ,
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Borders cuts management positions to trim costs

SAN FRANCISCO, Feb 3 (Reuters) - Struggling book seller
Borders Group Inc (
BGP.N
) said on Tuesday it was consolidating
its corporate management structure at the vice president and
director levels, eliminating six vice president and 10 director
positions.
Borders said it cut the position of executive vice
president of U.S. stores, held by Ken Armstrong, and that of
chief information officer, held by Susan Harwood, among other
jobs.
Job functions Read the rest of this entry »

November 17, 2007 | , , , , ,
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Reynolds To Trim 570 Jobs In Winston-Salem

(WINSTON-SALEM) -- Reynolds American Inc. and subsidiary R.J. Reynolds Tobacco Co. announced the implementation of a restructuring plan that will cut 570 workers in Winston-Salem. The tobacco giant also announced a third quarter pretax restructuring charge of about $90 million.
The restructuring comes following a business analysis by RAI. The move is aimed at streamlining what the Winston-Salem based company called non-core business processes and Read the rest of this entry »

August 5, 2007 | , , , ,
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