Industry News
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Ecolab Schedules Webcast of Industry Conference for February 29th
ST. PAUL, Minn.--(BUSINESS WIRE)--Ecolab Inc.’s Chairman of the Board and Chief Executive Officer, Douglas M. Baker, Jr., will address financial analysts at the Robert W. Baird & Co. 2012 Business Solutions Conference in Boston, MA on Wednesday, February 29. Ecolab will host a live webcast of Mr. Baker’s presentation. Details for the webcast are as follows: TIME: 8:35 am Eastern Time DATE: Wednesday, February 29, 2012 DURATION: Approximately 30 minutes LOCATION: http://www.ecolab
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BRT: It’s Official: President Embraces Lower Corporate Tax Rate But Revenue Neutrality, Competitive Territorial System Missing
WASHINGTON--(BUSINESS WIRE)--By endorsing a lower corporate tax rate, President Obama’s “framework” recognizes that the U.S. corporate tax system is out-of-date & significant reforms are needed to improve U.S. competitiveness.
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MGI Research Publishes the Buyer’s Guide for Mobile Enterprise Application Platforms
SAN FRANCISCO--(BUSINESS WIRE)--MGI Research published today the Buyer’s Guide for Mobile Enterprise Applications Platforms (MEAP). This report provides analysis and recommendations on how and when the use of Mobile Enterprise Application Platforms (MEAPs) - software development tools that create mobile applications for many devices from a single code base -- can impact mobile enterprise initiatives in terms of impact on brand value, on revenue opportunities and on time-to-market. The research h
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Equinox Fund Management: Press Release Regarding “Harmonization of Compliance Obligations for Registered Investment Companies”
DENVER--(BUSINESS WIRE)--Equinox Fund Management: Press Release Regarding “Harmonization of Compliance Obligations for Registered Investment Companies”
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A.M. Best Assigns Debt Ratings to Manulife Financial Corporation's Preferred Shares
OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has assigned a debt rating of “bbb” to the recently issued CAD 250 million, non-cumulative rate reset Class 1 shares Series 7 of Manulife Financial Corporation (MFC). This offering represents a five-year reset on MFC’s Class 1 shares issued at CAD 25 per share. Concurrently, A.M. Best has assigned a debt rating of “a” to the recently issued CAD 500 million, 4.165% non aggregate principal fixed/floating subordinated debentures due June 1, 2022 of The
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Mt. Poso Cogeneration Company Completes Conversion of Power Plant from Coal to 100% Renewable Biofuel Energy
BAKERSFIELD, Calif.--(BUSINESS WIRE)--Coal power plant converted to 100% renewable biomass plant.
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DTCC Releases Report on January Annuity Product Activity
NEW YORK--(BUSINESS WIRE)--The Depository Trust & Clearing Corporation (DTCC) Insurance & Retirement Services (I&RS) released today January information on activity in the market for annuity products from its award-winning Analytic Reporting for Annuities online information service, which leverages data from the transactions that DTCC processes for the industry. Analytic Reporting for Annuities is a service offering of National Securities Clearing Corporation, a DTCC subsidiary. The c
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A.M. Best Special Report: U.S. Life/Annuity Insurers Shifting Gears In Volatile Economic Environment
OLDWICK, N.J.--(BUSINESS WIRE)--The U.S. life/annuity industry battled continuing macroeconomic challenges in 2011, emerging relatively unscathed with modest investment impairments and a return to fairly large unrealized gains in their fixed-income portfolios. As indicated in A.M. Best Co.’s “Life/Annuity Review & Preview 2012” report, the year’s results also were marked by strong regulatory capital, favorable operating earnings and continued efforts to improve balance sheet fundamentals thr
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DataArt Forecasts 2012 Enterprise Software Market Predictions
NEW YORK--(BUSINESS WIRE)--Uptick in real-time analytics, transformation of green IT and cross platform messaging are among the top market trends observed by practice leads at DataArt, a custom software development firm.
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Hyatt Legal Plans, a MetLife Company, Finds Members’ Usage for Debt and Financial Matters More Than Doubled in Tough Economy
CLEVELAND, Ohio--(BUSINESS WIRE)--Employees coping with a difficult economic environment often find that their financial problems require legal solutions. In fact, from 2007 to 2011, Hyatt Legal Plans, a MetLife company, has found that the number of legal services requested by plan participants for debt and financial matters more than doubled and requests for bankruptcy counsel increased nearly threefold. A new white paper released today, From the Actions and Words of Employees: How Group Legal
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Wright Express Releases Monthly Construction Fuel Consumption Index (FCI) Results
SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Wright Express, in collaboration with IHS, today released results of its Wright Express Construction Fuel Consumption Index (FCI), which indicated a decrease of 3.4% in January vs. previous year
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True Cost of Living in Maryland Revealed - Maryland Community Action Partnership, (MCAP) to Release Study Showing Current Wages Do not Meet Basic Needs of Families
COLUMBIA, Md.--(BUSINESS WIRE)--The Self-Sufficiency Standard is currently being used to better understand issues of income adequacy, to analyze policy, and to help individuals striving for self-sufficiency.
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Spectacular Growth in Professional Service Industry Revenues and Profits According to SPI Research’s Newly Published Report, the 2012 Professional Services Maturity™ Benchmark
SAN FRANCISCO--(BUSINESS WIRE)--The 2012 Professional Services Maturity™ Benchmark provides insights into key metrics, trends and best practices gleaned from 850 PS organizations representing over 50,000 consultants worldwide.
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Investment in Community and Residential Energy Storage Systems to Total $4.2 Billion through 2022, Forecasts Pike Research
BOULDER, Colo.--(BUSINESS WIRE)--Cumulative investment in community and residential energy storage systems will total $4.2 billion through 2022, forecasts Pike Research.
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South Carolina Becomes 38th State to Restrict Dangerous Wall Street Home Resale Fees
COLUMBIA, S.C.--(BUSINESS WIRE)--Governor Haley took swift action to protect South Carolina homeowners by signing HB 1594 to restrict Wall Street Home Resale Fees (also known as “private transfer fees”).
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Business Wire Accounting News
Huron Consulting Group Announces Fourth Quarter and Full Year 2011 Financial Results
CHICAGO--(BUSINESS WIRE)--Huron Consulting Group Inc. (NASDAQ: HURN), a leading provider of business consulting services, today announced its financial results for the fourth quarter and full year ended December 31, 2011. “Huron had strong results in the fourth quarter, closing out a good year in our Healthcare, Education and Life Sciences, and Legal practices,” said James H. Roth, chief executive officer and president, Huron Consulting Group. “While separate factors are driving demand in each s
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Bank of Hawaii Corporation to Present at the 2012 Keefe, Bruyette & Woods Boston Bank Conference
HONOLULU--(BUSINESS WIRE)--Bank of Hawaii Chairman, President and CEO Peter Ho will present at the upcoming Keefe, Bruyette & Woods Boston Bank Conference.
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Intuit CEO to Present at Morgan Stanley Technology Conference
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Brad Smith, president and chief executive officer at Intuit Inc. (Nasdaq:INTU), will present at the Morgan Stanley Technology Conference in San Francisco on Feb. 29. The presentation will begin at 1 p.m. Pacific time and will be available live via audio webcast on Intuit’s investor relations website at http://investors.intuit.com/events.cfm. A replay of the webcast will be available approximately 24 hours after the presentation ends. About Intuit Inc. Intu
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American Equity Reports Fourth Quarter and Fiscal Year 2011 Results
WEST DES MOINES, Iowa--(BUSINESS WIRE)--American Equity Investment Life Holding Company (NYSE: AEL), a leading underwriter of index and fixed rate annuities, today reported operating income1 for the year 2011 of $133.7 million, or $2.12 per diluted common share, an increase of 23% over 2010 operating income of $108.9 million or $1.70 per diluted common share. 2011 fourth quarter operating income was $32.6 million, or $0.52 per diluted common share, an increase of 24% compared to 2010 fourth quar
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Willis North America Boosts Construction Practice with Key Surety Appointment
NEW YORK--(BUSINESS WIRE)--Willis North America, a unit of Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced the appointment of Sean McGroarty as National Surety Leader, Willis North America Construction Practice. In this role, Mr. McGroarty will be responsible for directing Surety operations across the North American platform. He will lead a team of over 160 surety professionals, working closely with regional teams to drive growth and align resources, allowing Will
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NYSSA Weeklong Program in China Gives Firsthand Knowledge of Chinese Business
NEW YORK--(BUSINESS WIRE)--The New York Society of Security Analysts will be leading a delegation of finance professionals in an unprecedented trip to China to learn about Chinese investment opportunities from May 14–21, 2012 at the Investment Program in China: What Is Really Going on with US-Listed Chinese Companies. Twenty-five lucky participants will get the inside track on what’s really happening with US-listed Chinese companies through meetings with local Chinese business executives and fin
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Bank of America to Report First-Quarter Financial Results on April 19
CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America Corporation today announced it will report its first-quarter 2012 financial results on Thursday, April 19, 2012. The results are scheduled to be released at 7 a.m. ET, followed by an investor presentation at 8:30 a.m. ET. The live webcast, accompanying presentation and other earnings-related information will be available through the Bank of America Investor Relations website at http://investor.bankofamerica.com. For a listen-only connection to th
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Luxury Home Values Stable in Fourth Quarter of 2011
SAN FRANCISCO--(BUSINESS WIRE)--Luxury home values declined slightly in Los Angeles and San Francisco, but rose in San Diego in the fourth quarter of 2012 compared to the third quarter, according to First Republic Bank.
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ForwardThink Group Outlines Expanded Capabilities in Financial Services Industry
NEW YORK--(BUSINESS WIRE)--ForwardThink Group Outlines Expanded Capabilities in Financial Services Industry
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Safeguard Scientifics Leads $2.5M Series A Financing for Lumesis
WAYNE, Pa.--(BUSINESS WIRE)--Safeguard Scientifics (NYSE: SFE) deployed $2.2 million of a $2.5 million Series A financing for Lumesis, Inc., a Stamford, CT-based financial technology company.
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TripleTree Issues First Edition in a New Series of Healthcare Industry Research Publications
MINNEAPOLIS--(BUSINESS WIRE)--TripleTree announced the distribution of the first edition of VIEWPOINT, the firm’s new research publication that provides independent perspectives and opinions on the major issues shaping healthcare.
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New Retirement Realities and Longer Life Expectancy Cause Many to Rethink Their Approach to Planning for Later Years
NEW YORK--(BUSINESS WIRE)--Average life expectancy has risen dramatically during the last century. The U.S. Census Bureau estimates that the number of centenarians, people who live to be 100, rose from 2,300 in 1950 to nearly 80,000 in 2010, and will exceed 600,000 by 2050. And according to the Society of Actuaries, a 65-year-old couple now has a 31 percent chance of at least one spouse living past the age of 95. According to findings from the latest Merrill Lynch Affluent Insights Survey™, anno
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Huron Consulting Group Adds European Restructuring and Turnaround Expert
CHICAGO--(BUSINESS WIRE)--Huron Consulting Group today announced that John Mansell has rejoined the Company as a managing director in the Financial Consulting segment focused on European cross-border restructuring.
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NetStar-1 and Whitney, Bradley and Brown, Inc. Merge
RESTON, Va.--(BUSINESS WIRE)--NetStar-1, a leading provider of management consulting services to U.S. federal agencies, and Whitney, Bradley and Brown, Inc. (WBB), a management consulting firm focused on business transformation, organizational realignment, and process improvement, today announced that they are merging their business operations effective immediately. The merger follows a significant investment in WBB by Lake Capital, a private equity firm that invests exclusively in service-based
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Persolvo COO Named to Board of the American Fair Credit Council
IRVINE, Calif.--(BUSINESS WIRE)--Persolvo Data Systems, a leading provider of web-based settlement software and analytics tools designed to locate, identify and settle accounts enrolled in debt settlement programs, announced today that The American Fair Credit Council (AFCC), the leading association of consumer credit has named Teresa Dodson, Chief Operating Officer of Persolvo, to its executive board. Ms. Dodson brings to the Council her experience in managing three of the largest debt settleme
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