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)
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)
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)
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)
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)