plus 3, Struthers stepping down as Bank of America card chief in ... - Newark Post

Struthers stepping down as Bank of America card chief in ... - Newark Post

Posted: 02 Mar 2010 12:21 PM PST

Bank of America Tuesday announced that it is combining Global Card Services and Deposits under Susan Faulkner. The combined business will report to Joe Price, president, Bank of America Consumer, Small Business & Card Banking.

Retiring is Ric Struthers, who headed the Wilmington-based credit card operation of Bank of America. The company will retain credit card operations in Wilmington, with the new top executive shuttling between Bank of America's headquarters in Charlotte and Delaware.

The company stated that it intends to remain a major employer in Delaware Bank of America has an employment center near Newark. It will be the first time since the acquisition of MBNA by Bank of America that a former MBNA executive has not headed credit card operations. "This structure continues the evolution of our Consumer businesses toward a more nimble, responsive customer-focused organization," Price said. "This enhancement strengthens our operating model and organizes it around our customer segments, how we deliver our capabilities to customers, the service we provide them, and the products we develop for them."

Struthers, who has led Global Card Services, has decided to leave the company, but will stay on to help with transition. "This is the ideal time to begin the next phase of my career," he said. Struthers is a former executive of MBNA, which was acquired by Bank of America.

"In his more than 30 years in banking throughout the United States, Canada and Europe, and as one of the principal founders of MBNA, Ric has shown leadership and vision managing the largest credit card portfolio in the world," Price said. "He and his team navigated our unsecured lending business through the most significant consumer credit crisis in 50 years. In just one year, Ric rapidly repositioned the card business, significantly reducing our exposure to credit losses and simplifying our credit card suite by introducing, easy-to-understand, basic products. He also led the development of a first-of-its-kind Credit Card Clarity Commitment™ for 40 million customers. This initiative was complemented by his commitment to helping more customers in need, resulting in modifications to more than 1.4 million consumer and small business credit card customers in need."
"We believe that Susan is the right executive to operate the combined product unit in a rapidly evolving and challenging environment," Price continued. "We continue to change the way we offer and price products, emphasizing clarity, choice and control in response to changing customer needs. Integrating the development of our card and deposit products will help create greater value for customers, especially as the way they choose to make payments continues to evolve."

Faulkner, 47, whose title will be Deposits and Card Product Executive, will have dual offices in Charlotte and in Wilmington, where the card business will continue to be based.

"Because of leaders like Ric Struthers, Delaware has been an incredibly good place to do business that has served Bank of America and our legacy company very well," said Brian Moynihan, Bank of America president and chief executive officer. "We are pleased to remain one of the state's top private employers where we continue to base our credit card operation and operate a number of other businesses. We look forward to maintaining our presence in the market."

Faulkner has been with Bank of America for 25 years. Since 2007, she has served as Bank of America Customer Segments, Deposits and Payments executive, reporting to the president of the consumer bank. Prior to this, Faulkner was Global Consumer & Small Business Sales, Service & Marketing executive.

Faulkner serves on the Board of Directors of the Consumer Bankers Association. She also serves on the Board of Directors of the United Way of the Central Carolinas and is active with the Urban Ministries Center. In 2008, the Charlotte Business Journal named Faulkner to their list of Top 25 Women in Business.

Faulkner received a bachelor's degree in finance from Georgia Southern University and a master's degree in business administration from the University of Georgia.

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Stop Overpaying for Everyday Items! - CBS News

Posted: 03 Mar 2010 08:45 AM PST

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Petrobras, Aflac, Brandywine Realty Trust, Chico's FAS, and - MSN Money

Posted: 03 Mar 2010 08:31 AM PST

Article tools

Stocks mentioned in this article: AFLAC Inc (AFL) Stock Quote, Chart, News, Add to Watchlist; Brandywine Realty Trust (BDN) Stock Quote, Chart, News, Add to Watchlist; Chico's FAS Inc (CHS) Stock Quote, Chart, News, Add to Watchlist; Fidelity National Information Services Inc (FIS) Stock Quote, Chart, News, Add to Watchlist; Petroleo Brasileiro ADR Reptg 2 Ord Shs (PBR) Stock Quote, Chart, News, Add to Watchlist

FORT LAUDERDALE, Fla., March 3, 2010 (GLOBE NEWSWIRE) -- New York Stock Exchange (NYSE) powerhouse companies: Aflac (NYSE:AFL), Brandywine Realty Trust (NYSE:BDN), Chico's FAS (NYSE:CHS), Fidelity National Information Services (NYSE:FIS), and Petrobras (NYSE:PBR) lead a pack of 26 companies presenting at the 2010 Spring Break for Wall Street Growth & Value Equity Conference hosted by LDV Capital Management.
The event will be from 4:00 p.m. to 9:00 p.m. at the Sheraton Suites Cypress Creek Fort Lauderdale Hotel. 555 NW 62nd Street, Fort Lauderdale, Florida 33309.
Aflac (NYSE:AFL) will present at 5:00 p.m. and 6:10 p.m. on Wednesday March 3rd, 2010.
Brandywine Realty Trust (NYSE:BDN) will present at 5:35 p.m. and 6:45 p.m. on Thursday March 4th, 2010.
Chico's FAS (NYSE:CHS) will present at 5:00 p.m. on Wednesday March 3rd and 6:45 p.m. on Thursday March 4th, 2010.
Fidelity National Information Services (NYSE:FIS) will present at 5:00 p.m. and 6:10 p.m. on Thursday March 4th, 2010.
Petrobras (NYSE:PBR) will present at 5:35 p.m. on Thursday March 4th, 2010.
Aflac (NYSE:AFL): For 55 years, Aflac has given customers the opportunity to focus on recovery, not financial stress. In the United States, Aflac is the number one provider of guaranteed-renewable insurance. In Japan, Aflac is the number one insurance company in terms of individual insurance policies in force. Aflac insurance products reach more than 50 million people worldwide. A Fortune 500 company, according to Yahoo Finance, their market capitalization is $23.5 billion. See www.aflac.com. Aflac will present at 5:00 p.m. and 6:10 p.m. on Wednesday March 3rd
Brandywine Realty Trust (NYSE:BDN): Brandywine Realty Trust is one of the largest, publicly traded, integrated real estate companies in the United States. As a real estate investment trust and operating in select markets, Brandywine owns, develops and manages a primarily Class A, suburban and urban office portfolio aggregating approximately 34.8 million square feet, including 25.4 million square feet which it currently owns on a consolidated basis. According to Yahoo Finance, their market capitalization is $1.45 billion. See www.brandywinerealty.com.
Fidelity National Information Services (NYSE:FIS): FIS delivers banking and payments technologies to more than 14,000 financial institutions and businesses in over 100 countries. FIS maintains processing and technology relationships with 40 of the top 50 global banks, including nine of the top 10. FIS is a member of Standard and Poor's (S&P) 500(R) and is Headquartered in Jacksonville, Fla., FIS employs more than 30,000 on a global basis. According to Yahoo Finance, their market capitalization is $8.6 billion. See www.fisglobal.com.
Chico's FAS (NYSE:CHS): The Chico's brand is a women's specialty retailer, currently operating 599 boutique and 45 outlet stores. The Company also operates 1,084 specialty stores, including stores in 48 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico. According to Yahoo Finance, their market capitalization is $2.5 billion. See www.chicosfas.com.
Petrobras (NYSE:PBR): Petrobras is Brazil's largest energy company. They closed 2008 with a production of 2.4 million barrels of oil equivalent, a milestone reached by few companies in the world. PBR has 112 production platforms, 78 of which are fixed and 34 floating, and 15 refineries with installed capacity to process 2.2 million barrels per day. They also have 5,998 service stations all over Brazil, in addition to another 990 of them in 27 countries on four continents. Profit surged from $1.373 billion, in 1997, to more than $13 billion in 2007. See www.petrobras.com.br
Other conference companies presenting include: Aethlon Medical (OTCBB:AEMD), Atherysys (Nasdaq:ATHX), Aurizon Mines (AMEX:AZK), Bluefire Ethanol Fuels (OTCBB:BFRE), Claude Resources (AMEX:CGR), Converted Organics (Nasdaq:COIN), Data Storage Corp. (OTCBB:DTST), Element 21 Golf Co. (OTCBB:ETGF), Fronteer Development Group (AMEX:FRG), Heska Corporation (Nasdaq:HSKA), Homeowners Choice (Nasdaq:HCII), Lucas Energy (AMEX:LEI), Nevada Gold & Casinos, Inc. (AMEX:UWN), Next 1 Interactive (OTCBB:NXOI), Optimized Transportation Management (OTCBB:OPTZ), Pyrolyzer, LLC, Rogers Oil and Gas Corp., Rubicon Minerals (AMEX:RBY), Seafarer Exploration Corp. (OTCBB:SFRX), SMF Energy Corporation (Nasdaq:FUEL), and T3 Motion, Inc (OTCBB:TMMM).
To expedite registration, call LDV Capital Management at: 954-746-3117, www.LdvCapitalManagement.com, or email Jim@LdvCapitalManagement.com.
DISCLAIMER: LDV Capital Management is a Registered Investment Advisory firm licensed with the State of Florida. The information herein is not a solicitation to invest, but simply information compiled from company press releases and company public information. Information is believed to be reliable, but makes no representation to its accuracy or completeness. LDV does not recommend, warrant, or guarantee the success of any action taken in reliance on statements made in this news release or by any company presentations at the Conference. Due-diligence and professional advice should be sought before making any investment decisions. As in any investment, risks apply, where part of or all investment capital can be lost. Presenting Companies paid a sponsorship fee to present at the Conference. Scheduled times, agendas, and presenters are subject to change. LDV, nor any of its principles or employees do not hold any stock positions in any of the companies mentioned above.

 CONTACT: LDV Capital Management
 954-746-3117

GlobeNewswire, Inc.2010
Back to News Home

MSN Money: Search MSN Money; Message Boards; Site Status

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Global Resources & Infrastructure Conference Attendees Announced by ... - Stockhouse

Posted: 03 Mar 2010 08:10 AM PST

Brazilian Companies Companhia Energetica de Minas Gerais, CEMIG, and Sabesp Confirmed

NEW YORK, March 3, 2010 /PRNewswire via COMTEX News Network/ --
Brean Murray, Carret & Co. is announcing the full list of attendees for the 2010 Global Resources & Infrastructure Conference this Friday, March 5th in New York City at The Grand Hyatt Hotel. Approximately 40 companies are expected to be in attendance including several noteworthy Brazilian companies such as Companhia Energetica de Minas Gerais, CEMIG, and Sabesp. The one-day event is meant to present a comprehensive view of the favorably positioned water, natural gas, coal, electric utility and clean technology industries on a global scale.
(Logo: http://www.newscom.com/cgi-bin/prnh/20100219/NY57974LOGO)
The BMC Global Resources & Infrastructure Conference will provide access to senior management executives spanning the entire spectrum of companies participating in these sectors. It features one-on-one sessions with company executives and "fireside chats" that consist of 25-minute informal presentations followed by 15-minutes of open floor Q&A.
Approximately 40 companies are expected to be in attendance, such as: Alpha Natural Resources, Inc. (ANR); American Superconductor Corporation (AMSC); American Water Works Co., Inc. (AWK); Aqua America, Inc. (WTR); BioteQ Environmental Technologies Inc. (BTQNF); Calgon Carbon Corp. (CCC); Cascal NV (HOO); Central Vermont Public Service (CV); CH Energy Group (CHG); China Integrated Energy (CBEH); Compahnia Energetica de Minas Gerais (CIG); CONSOL Energy Inc. (CNX); Energy, Inc. (EGAS); Fuel Tech, Inc. (FTEK); James River Coal Co. (JRCC); Laclede Group, Inc. (LG); Lighbridge; Met-Pro, Corp. (MPR); Middlesex Water Company (MSEX); Mueller Water Products, Inc. (MWA); New Jersey Resources (NJR); Northeast Utilities (NU); Northwest Natural Gas (NWN); Patriot Coal Corporation (PCX); Peabody Energy Corp. (BTU); Puda Coal Inc. (PUDA); Rentech, Inc. (RTK); Sabesp (SBS); SJW Corp. (SJW); South Jersey Industries (SJI); The York Water Company (YORW); UIL Holdings Corp. (UIL); Vectren Corporation (VVC); Watts Water Technologies, Inc. (WTS); and WGL Holdings (WGL).
Admission is open to institutional clients of Brean Murray, Carret & Co. and by invitation only. Pre-registration is required to attend both Fireside Chats and one-on-one meetings.
For more information on the Global Resources & Infrastructure Conference or other events please visit http://www.breanmurraycarret.com/conferences.asp
About Brean Murray, Carret & Co.:
Brean Murray, Carret & Co. is a research-driven boutique investment bank and asset management firm, dedicated to Small and Midcap growth companies and their investors. BMC focuses on delivering high quality investment ideas and investment banking services to institutional and corporate clients in the following 5 verticals: Consumer Products and Retailing, Healthcare, Natural Resources, Technology and private/publicly traded Chinese Companies. Services include equity research, investment banking, institutional sales and trading, and asset management.
Headquartered in New York City, the company also maintains offices in Boston, Chicago, San Francisco and Beijing, China. For more information on the company, please visit www.breanmurraycarret.com.
SOURCE Brean Murray, Carret & Co.
Copyright (C) 2010 PR Newswire. All rights reserved

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.