Personal Bankruptcy on Ulitzer

CHARLOTTESVILLE, Va., Jan. 27, 2012 /PRNewswire-USNewswire/ -- The University of Virginia Darden School of Business and the Darden School Foundation today announced that two new members were elected to the Foundation Board of Trustees, effective immediately. (Logo: http://photos.prnewswire.com/prnh/20100916/DC66431LOGO) The new trustees, who will serve three-year terms, are: George S. Tahija, president director of Indonesia-based PT Austindo Nusantara Jaya (ANJ) and chief executive of the Austindo Group, and Ned Hooper, senior vice president and chief strategy officer of Cisco. "These two Darden graduates will bring valuable perspectives to the board, which aims to serve and support the Darden School as a leading business school and the most high-engagement learning experience in the world," said Peter Kiernan, chairman of the Darden School Foundation Board of Trustee... (more)

Ford Credit Earns $1.8 Billion Net Income in 2011*

DEARBORN, Mich., Jan. 27, 2012 /PRNewswire/ -- Ford Motor Credit Company reported net income of $1.8 billion in 2011, compared with $2 billion a year earlier.  On a pre-tax basis, Ford Credit earned $2.4 billion in 2011, compared with $3.1 billion in the previous year.  The decrease in pre-tax earnings is more than explained by fewer leases being terminated and the related vehicles sold at a gain, and lower credit loss reserve reductions. In the fourth quarter of 2011, Ford Credit's net income was $611 million, an increase of $244 million from a year earlier.  The increase is more... (more)

OMNOVA Solutions Reports Fourth Quarter 2011 Results

FAIRLAWN, Ohio, Jan. 27, 2012 /PRNewswire/ -- The Company completed full year 2011 with record operating profit.The acquisition of specialty chemical producer ELIOKEM was accretive in year one.To increase focus on businesses with greater global growth potential, the Company decided during the fourth quarter to exit the commercial wallcovering businesses.For the fourth quarter, the Company reported a net loss of $10.4 million, or $0.23 per diluted share, which included a loss from discontinued operations of $16.7 million, or $0.37 per diluted share, related primarily to non-cash ... (more)

AEP Reports 2011 Fourth-Quarter and Year-End Earnings, Brings Clarity to Regulatory Issues, Strengthens Balance Sheet

COLUMBUS, Ohio, Jan. 27, 2012 /PRNewswire/ -- Fourth-quarter earnings $0.64 per share GAAP, $0.40 per share ongoing 2011 year-end earnings $4.02 per share GAAP, $3.12 per share ongoingFavorable impact of weather throughout the first three quarters of the year AMERICAN ELECTRIC POWER Preliminary, unaudited results 4th quarter ended Dec. 31 12 months ended Dec. 31 2011 2010 Variance 2011 2010 Variance Revenue ($ in billions) 3.4 3.4 0.0 15.1 14.4 0.7 Earnings ($ in millions): GAAP 308 176 132 1,941 1,211 730 Ongoing 194 179 15 1,504 1,451 53 EPS ($): GAAP 0... (more)

Ford Posts 2011 Pre-Tax Operating Profit of $8.8 Billion; One-Time Special Items Contribute to $20.2 Billion Net Income +

DEARBORN, Mich., Jan. 27, 2012 /PRNewswire/ -- Full year pre-tax operating profit was $8.8 billion, or $1.51 per share, an increase of $463 million from a year ago Full year net income was $20.2 billion, or $4.94 per share, an increase of $13.7 billion, or $3.28 per share, from a year ago. Net income includes a favorable one-time, non-cash special item of $12.4 billion from release of almost all of the valuation allowance against net deferred tax assets in the fourth quarterFourth quarter pre-tax operating profit was $1.1 billion, or 20 cents per share, a decrease of $189 millio... (more)