Hospira, Inc. (NYSE:HSP) , a global specialty pharmaceutical and medication delivery company, announced today that Barbara L. Bowles, CFA, has been elected to the company’s board of directors. Bowles brings strong investment management and finance expertise from leadership positions held at major multinational consumer goods companies and equity investment advisory firms. The addition of Bowles expands Hospira’s board to nine directors, of whom eight are independent.
Tags: Barbara L. Bowles, Business, Chicago, Christopher B. Begley, Finance, Nashville, NYSE, Tenn., Urban LeagueHospira Expands Board of Directors
Tags: Barbara L. Bowles, Business, Chicago, Christopher B. Begley, Finance, Nashville, NYSE, Tenn., Urban League
Corel Corporation Appoints Kris Hagerman as Interim Chief Executive Officer
Corel Corporation (NASDAQ:CREL) (TSX:CRE) today announced that Kris Hagerman, formerly Group President of Symantec’s Data Center Management Group, has been appointed as Corel’s interim Chief Executive Officer, effective May 8, 2008. Hagerman’s appointment follows Corel’s announcement on April 21, 2008, that current CEO David Dobson will be leaving the Company in order to accept a senior executive position at a Fortune 500 company. During the transition period, Dobson will remain a Director on Corel’s Board and assist in evaluating the strategic alternatives available to the Company, including the previously announced proposal by Vector Capital.
Tags: Alex Slusky, Appointment, Capital, CEO David Dobson, Corel, Executive Vice, Fortune, Internet, McKinsey, NASDAQ, Senior, Server, Storage, Symantec, TSXRelated posts
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American Express Announces New Line-up of Golf Experiences and Benefits
American Express today announced the official launch of the enhanced Members Clubhouse at www.americanexpress.com/golf with a holistic online experience that includes an array of exclusive Cardmember golf offerings, golf tips, tricks and information, and unique insights from three professional golfers: Jim Furyk, Morgan Pressel and Davis Love III. Following landmark partnerships with the United States Golf Association and The PGA of America, American Express has built upon the access and experiences that it offers Cardmembers to create an online destination that focuses on Cardmembers’ desire to enhance and improve their game. The offers, information and unique content on the site will refresh on an ongoing basis to provide compelling insights to Cardmembers about how to improve their game and experience the best in golf.
Tags: American, Clubhouse, Davis Love III, Farmingdale, golf, Jim Furyk, N.Y., Pressel, Rich Lehrfeld, USGATags: American, Clubhouse, Davis Love III, Farmingdale, golf, Jim Furyk, N.Y., Pressel, Rich Lehrfeld, USGA
Questcor Moves to NASDAQ
Questcor Pharmaceuticals, Inc. (AMEX:QSC) announced today that its board of directors has approved the decision to switch the listing of its common stock from the American Stock Exchange to the NASDAQ Stock Market LLC. Effective May 16, 2008 the Company’s trading symbol will change from QSC to the new symbol QCOR.
“The decision to move was made after careful consideration of the capital market alternatives and input from current shareholders,” said Don Bailey, President and Chief Executive Officer of Questcor Pharmaceuticals. “We feel that this move and symbol change to QCOR will provide added visibility to our investors as well as enhanced exposure and liquidity for our company. NASDAQ represents the future as the world’s largest exchange and we are happy to be a part of it.”
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Dr. Stephen Hill Named to PhRMA Board of Directors
Solvay Pharmaceuticals, Inc. announced today that Stephen Hill, B.M., B.Ch., M.A., F.R.C.S., president and chief executive officer, has been named to the Board of Directors of the Pharmaceutical Research and Manufacturers of America (PhRMA). Hill was elected to serve a three-year term through April 2011.
PhRMA represents the country’s leading pharmaceutical research and biotechnology companies, which are devoted to inventing medicines that allow patients to live longer, healthier, and more productive lives.
“I look forward to collaborating with my colleagues on the Board of PhRMA to further the organization’s mission, address issues facing Solvay Pharmaceuticals and the entire industry and most importantly, help improve the lives of the patients we serve,” said Hill.
“PhRMA looks forward to the expertise and leadership Dr. Hill brings to the Board as we continue to advocate for public policies that encourage the discovery of life-saving and life enhancing new medicines for patients,” said Billy Tauzin, president and CEO of PhRMA.
Before joining Solvay, Hill most recently served as president and CEO of biotechnology firm ArQule, Inc. since 1999. Prior to his position at ArQule, Hill was the Head of Global Drug Development at F. Hoffmann-La Roche Ltd. from 1997-1999. He joined Roche in 1989 as Medical Adviser to Roche Products in the United Kingdom and held several senior positions there that included U.K. Medical Director and Head of International Drug Regulatory Affairs at Roche headquarters in Basel, Switzerland. Hill is a Fellow of the Royal College of Surgeons of England and holds his scientific and medical degrees from St. Catherine’s College at Oxford University.
Tags: ArQule, Dr. Stephen Hill, Pharmaceutical, PhRMABeckman Coulter Announces First Quarter 2008 Results
Beckman Coulter, Inc. (NYSE:BEC) , a leading provider of products that simplify, automate and innovate biomedical testing, today announced first quarter ended March 31, 2008 results. Total revenue of $730.5 million rose 19.1% over first quarter 2007. In constant currency, revenue rose 14.5%. Net earnings grew 15.6% to $42.9 million, or $0.67 per fully diluted share. Adjusting for special items, net earnings were $44.0 million, or $0.68 per fully diluted share, an increase of 4.6% over prior year quarter
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Matsushita Possible Alliance with SANYO
Matsushita Electric Industrial Co., Ltd. (MEI)(NYSE:MC), best known for its Panasonic brand, commented on the media reports of April 28 in Japan about a possible alliance with SANYO Electric Co., Ltd.
These reports are not based on any official announcement by MEI, and there is no fact that MEI is considering on the alliance.
Tags: Alliance, Japan, Matsushita, Panasonic, SANYOOKI Announces Financial Results for the Fiscal Year Ended March 31, 2008
Oki Electric Industry Co., Ltd. (TSE:6703) today announced its financial results for the fiscal year ended March 31, 2008. Aiming for end of May, OKI plans to announce its earning projections together with its detailed plans to revamp its business structure.
| Summary of the Consolidated Financial Results | ||||||||
|
FY ended |
FY ended |
Changes |
||||||
|
Mar. 31, 2008 |
Mar. 31, 2007 |
Amount | Ratio | |||||
| Billion yen | Billion yen | Billion yen | % | |||||
| Net sales | 719.7 | 718.8 | 0.9 | 0.1 | ||||
| Operating income (loss) | 8.7 | (5.4) | 14.1 | - | ||||
| Recurring income (loss) | (1.4) | (12.8) | 11.4 | - | ||||
| Income (loss) before income taxes | 7.5 | (16.2) | 23.7 | - | ||||
| Net income (loss) | 3.0 | (36.4) | 39.4 | - | ||||
| Yen | Yen | Yen | % | |||||
| Net income (loss) per share | 4.42 | (56.27) | 60.69 | - | ||||
| Diluted net income per share | 3.95 | - | 3.95 | - | ||||
| Dividend per share | 0.00 | 0.00 | - | - | ||||
| Billion yen | Billion yen | Billion yen | % | |||||
| Total assets | 571.5 | 628.4 | (56.9) | (9.1) | ||||
| Total net asset | 103.6 | 116.0 | (12.4) | (10.7) | ||||
| % | % | % | ||||||
| Total shareholders’ equity ratio | 17.0 | 17.4 | (0.4) | |||||
| Yen | Yen | Yen | % | |||||
| Shareholders’ equity per share | 141.82 | 160.13 | (18.31) | (11.4) | ||||
| Billion yen | Billion yen | Billion yen | % | |||||
| Cash flows from operating activities | 40.0 | 16.1 | 23.9 | 148.6 | ||||
| Cash flows from investing activities | (20.4) | (34.9) | 14.5 | - | ||||
| Cash flows from financing activities | (19.4) | 28.1 | (47.5) | - | ||||
| 2. Summary of Unconsolidated Financial Results | ||||||||
|
FY ended |
FY ended |
Changes | ||||||
|
Mar. 31, 2008 |
Mar. 31, 2007 |
Amount | Ratio | |||||
| Billion yen | Billion yen | Billion yen | % | |||||
| Net sales | 408.8 | 406.9 | 1.9 | 0.5 | ||||
| Operating income (loss) | (13.0) | (16.6) | 3.6 | - | ||||
| Recurring income (loss) | (11.9) | (17.7) | 5.8 | - | ||||
| Net income (loss) | (1.4) | (37.4) | 36.0 | - | ||||
| Yen | Yen | Yen | % | |||||
| Net income (loss) per share | (2.04) | (57.72) | 55.68 | - | ||||
| Diluted net income per share | - | - | - | - | ||||
| Billion yen | Billion yen | Billion yen | % | |||||
| Total assets | 426.1 | 476.8 | (50.7) | (10.6) | ||||
| Total shareholders’ equity | 94.0 | 108.5 | (14.5) | (13.4) | ||||
| - Notes | ||||||||
|
(1) Amounts are rounded to the nearest hundred million. |
||||||||
|
(2) OKI targets to achieve consolidated operating income of 12.0 billion yen in the fiscal year ending March 2009, as announced in the Mid-term Business Plan in October 2007. |
||||||||
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