Community Central Bank Corporation Announces Q3 Results Nov 11, 2009
Increases in deposits for the first nine months were entirely related to organic growth, as brokered time deposits decreased $34. 6 million during the first nine months of 2009. (Primezone Releases)
Dundee Corporation Reports Third Quarter 2009 Results Nov 11, 2009
Having paid off all bank debt subsequent to completion of its $200 million debt financing, DundeeWealth is in an excellent position to pursue organic growth and consider acquisition opportunities that fit its core business model. At September 30, 2009, Ravensden Asset Management Inc. ("Ravensden"), our recently established asset management subsidiary, provided sub-advisory and investment services to approximately $3. (CCNMatthews Press Releases)
Live Nation Reports Strong Third Quarter 2009 Results Nov 10, 2009
"We generated robust organic growth from our operations during the third quarter as we focused on executing our fundamentals with excellence during the peak concert season," said Michael Rapino, President and Chief Executive Officer of Live Nation. "Our dedication to driving efficiencies across our core operations helped drive solid free cash flow of $123 million in the third quarter as we continue to focus on reducing our overall leverage. Our ability to generate strong attendance growth of 12%... (Yahoo! Wire -- Entertainment News)
PetroBakken Announces Third Quarter Results and Current Production of 44,500 boepd Nov 10, 2009
Through the application of leading edge technology to over 1,300 identified Bakken drilling locations, the Bakken is expected to provide strong organic growth for years to come. PetroBakken is also strongly positioned in various Southeast Saskatchewan conventional oil plays in the Midale, Frobisher, Alida and Tilston formations. (CCNMatthews Press Releases)
Sodexo Announces Both Revenue and Operating Profit Growth for Fiscal 2009 Nov 10, 2009
"In a particularly difficult environment, Sodexo again increased revenues and profits in Fiscal 2009 to a level in line with its objectives. Sodexo remains a growth company. Firmly focused on the future and the long term, we have continued during Fiscal 2009 to invest in the implementation of our strategy, including in our comprehensive offer, in training our teams, in recruiting new talents, in creating platforms of expertise in Facilities Management, and also in four acquisitions in France,... (Yahoo! Wire -- Entertainment News)
Solium Capital Inc. Releases 2009 Third Quarter Results Nov 10, 2009
- Strong organic growth. -- Growth in direct sales clients brought access fee revenue to $3. (CCNMatthews Press Releases)
Corporate Round-up: Essar Oil adopts aggressive plan Nov 9, 2009
Apart from the organic growth, the company is actively pursuing acquisitions in the refining business. The company has already bought 50% stake in a 4-MTPA refinery in Kenya and is discussing with Shell to buy out its three European refineries with a combined capacity of 23 MTPA. The company, which sold over 0. (India Times)
Nuggets present golden opportunity Nov 8, 2009
When we lost to the Nuggest in denver by one point, that was WITHOUT Josh Smith (Newborn) and Mike Bibby (Flu), and with our very talented bench, added depth/scoring upgrades, the organic growth of our youngsters, their growth in experience, and the energy from the home crowd (you know Philips will be rocking on a Saturday night) I have no doubt that we will win this game. Going back to the Denver game last season. (Atlanta Journal-Constitution -- Sports)
Green grocer's cash crop Nov 8, 2009
Whole Foods is now back to healthy organic growth in earnings ... Whole Foods is now back to healthy organic growth in earnings. (New York Post -- Business)
Peabody CEO Sees Up to 40% of Profit From Australia as Coal Exports Double Nov 6, 2009
Organic growth will enable Peabody to double shipments from Australia, Boyce said. Demand from China for metallurgical coal used in steelmaking is ever increasing, Boyce said. (Bloomberg -- Australia & New Zealand)
Unilever Q3 Sales Beat Hopes on Strong Volumes Nov 6, 2009
Friday November 6, 2009 5:29 AM ET. Try SmartMoney Select Risk Free. (SmartMoney)
GMX Resources Inc. Reports Third Quarter 2009 Financial and Operating Results and Guidance Nov 6, 2009
These multiple resource layers provide high probability and the potential for repeatable, organic growth. The GMX Resources Inc. logo is available at. (Primezone Releases)
UPC Holding B.V. Provides Selected Financial Information for the Period Ended September 30, 2009 Nov 5, 2009
We have increased our RGUs by 313,000 or 2% since September 30, 2008, driven primarily by organic growth. Over this same timeframe, we have added more than 330,000 multi-play customers, growing our bundled customer base by 10% as compared to the third quarter ended September 30, 2008. (Yahoo! Wire -- Entertainment News)
The Churchill Corporation Reports Third Quarter Financial Results Nov 5, 2009
(TSX: CUQ) Third Quarter 2009 & YTD Financial Results ------------------------------------------ - Third quarter 2009 net earnings including the earnings from discontinued operations were $15. 86 per share) compared to $11. (Canada Newswire)
Delphi Reports Strong Third Quarter Financial and Operating Results Nov 5, 2009
Although natural gas prices continued their downward trend in the third quarter, Delphi generated strong financial and operational results remaining well positioned for sustainable, long-term organic growth ... Despite the scheduled downtime, Delphi is pleased with its ability to show year over year organic growth in an unstable commodity price environment. (CCNMatthews Press Releases)
Esorfranki grows despite work drying up Nov 5, 2009
Strong acquisitive, organic growth and major government contracts contributed towards Esorfranki delivering impressive financial results in the tough trading conditions of the six months to August, the company said yesterday ... Bernie Krone, the chief executive of Esorfranki, attributed the strong growth to organic growth and the two acquisitions that were not included in its interim financial results last year. (Business Report, South Africa)
CASBAA Announces Asia Subscription TV Figures Higher than Rest-Of-World Combined Nov 4, 2009
Its income and profits have more than doubled over the last five years primarily as a result of organic growth. Standard Chartered aspires to be the best international bank for its customers across its markets. (JCN Network, Japan)
PSI sells employee assistance program Nov 4, 2009
Through this transaction, we have incrementally streamlined our operations and enhanced our focus on our core services of inpatient behavioral health, said Joey Jacobs, CEO of PSI. In applying the net proceeds from the sale to reduce our debt, we have also strengthened our ability to continue implementing our long-term strategies for organic growth and acquisition. PSI offers behavioral health programs to critically ill children, adolescents and adults. (Nashville Business Journal, TN)
7-Eleven® to Launch One of the Nation's Largest In-Store TV Networks Nov 4, 2009
7-Eleven is franchising its stores in the U.S., and is expanding through organic growth, acquisitions, and its Business Conversion Program. Find out more online at. (Yahoo! Wire -- Entertainment News)
Constellation Software Inc. Announces Results for the Third Quarter Ended September 30, 2009 Nov 4, 2009
In calculating our organic growth, we assume that the companies we've acquired continue, during the 12 months following their acquisition, to achieve revenues at a level consistent with the revenues they achieved during the 12 months preceding their acquisition by Constellation. Actual revenues achieved by each company acquired could be higher or lower than the amounts estimated, however Constellation believes that this method of calculating organic growth provides a reasonable estimate of... (CCNMatthews Press Releases)
Earnings Preview: Medco Health Solutions Nov 3, 2009
"Medco remains the best organic growth story in the space," he wrote in a note to clients. WHAT'S AHEAD: Three months ago, Medco raised its profit forecast to a range of $2. (Yahoo News -- Pharmaceutical Industry News)
The step backwards Nov 3, 2009
Organic growth will result in marginal shifts only, if at all. If we are to put rhetoric into practice and address the serious economic issues of talent management, then it is time to bite the bullet and introduce stronger interventions that will see women fairly represented in senior leadership. (Sydney Morning Herald -- Business)
Enbridge Income Fund Announces Third Quarter Results, Evaluating Corporate Restructuring Nov 3, 2009
"We remain on target to meet our planned in service date in the fourth quarter of 2010 and the completion of the expansion will generate significant additional cash flow for the Fund. The Fund continues to develop potential further organic growth investment opportunities which could enable sustainable increases in the distribution level," concluded Mr.Schultz ... Mr. Schultz commented on the proposed restructuring plan on behalf of the Administrator, "Enbridge Inc. has advised that it is not... (CCNMatthews Press Releases)
Cover Story: Overbuilders Version 2.0 Nov 3, 2009
Up to now, we've been investing a lot of capital on large, double-digit growth in our advanced products and now that we have slower organic growth, we can divert and redirect those capital dollars through extensions, she said. If the company can build on its success, Abdoulah said, bigger cable operators will have to respond with more than just names. (Multichannel News)
Standard Parking Corporation Reports Solid Third Quarter 2009 Results and Free Cash Flow of $6.4 Million Nov 2, 2009
Wilhelm continued, "As we've noted in the past, our business model is diversified in terms of geography and the sectors of the economy represented by our clients and is based predominantly on fixed-fee management contracts, providing us with a measure of protection against economic downturns. We continue to experience some softness across our lease and reverse management portfolio in markets that tend to be more susceptible to discretionary consumer spending. However, we are encouraged by recent... (Primezone Releases)
Lonpac keen to boost regional presence Oct 31, 2009
We want to strengthen our marketing force and presence via organic growth. Most Viewed. (The Star Online, Malaysia -- Business)
Lovefilm: British Answer to Netflix Booms Oct 31, 2009
Through that and organic growth, Lovefilm's total business grew by more than 70 per cent last year. Its household reach in the UK is 4 per cent which, according to Mr. Calver, gives it big potential to grow. (BusinessWeek)
CME profit dips 20%, still beats Street Oct 30, 2009
"As the economy continues to stabilize, there is room for further organic growth in our core business," CME Executive Chairman Terry Duffy said in a statement. The world's top derivatives exchange is sensitive to a possibly big regulatory revamp of markets. (Crain's Chicago Business)
Otter Tail Corporation Announces Third Quarter Earnings; Board of Directors Declares Dividend Oct 30, 2009
We are committed to maintaining a strong balance sheet and an appropriate cost structure that provide Otter Tail Corporation with significant financial flexibility," said Moug. Segment Performance Summary Electric Electric revenues and net income were $73.6 million and $9.5 million, respectively, for the quarter ended September 30, 2009 compared with revenues of $82.9 million and net income of $6.5 million for the quarter ended September 30, 2008. Wholesale electric revenues from company-owned... (Primezone Releases)
Macquarie's first-half profit slips 21% Oct 30, 2009
Despite the huge capital surplus, Chief Executive Nicholas Moore said the bank would continue to expand via so-called organic growth and incremental acquisitions. The group has been busy on the acquisition trail compared to its global peers, announcing plans this week to buy Canada's Blackmont Capital for C$93. (Sydney Morning Herald -- Business)
Newcrest cashed up and ready to strike Oct 30, 2009
AUSTRALIA'S biggest gold producer, Newcrest Mining, says it will use its strong cash position to look for acquisitions alongside organic growth to lift gold production by 40 per cent over the next five years. Chief executive Ian Smith told shareholders at Newcrest's annual meeting in Melbourne that it also planned to increase copper production by 30 per cent while continuing to drive down costs and debt levels. (Sydney Morning Herald -- Business)
Economy Expected to Show Q3 Growth Oct 29, 2009
"The challenge here is to get organic growth - growth that isn't helped by fiscal steroids.". Federal Reserve Chairman Ben Bernanke and members of President Obama's economics team have warned that the nascent recovery won't be robust enough to prevent the unemployment rate - now at a 26-year high of 9. (CBS News -- 60 minutes II)
LHC Group Announces Third Quarter 2009 Results Oct 29, 2009
1 Organic growth (2): Net revenue 15 ... (2) Organic growth is calculated as the sum of same store plus de novo for the period divided by total from the same period in the prior year. (Primezone Releases)
Kaiser Aluminum Corporation Reports Third Quarter and Year-to-Date 2009 Financial Results Oct 29, 2009
These factors include: (a) disruption in global financial markets that have reduced the liquidity available to the Company's customers and the purchasers of products that materially affect demand for the Company's materials, including commercial airlines; (b) risk and exposure to the impact of non-performance by banks committed to provide financing, hedging counterparties, insurers, customers and suppliers; (c) reduced customer demand under existing contracts resulting in customers limiting... (Primezone Releases)
Earnings up 22% at CACI International Oct 29, 2009
Our organic growth occurred across all of our service offerings, validating our continued strategic focus on developing and delivering high-quality solutions for our customers in high priority areas that continue to be well-funded, said Paul Cofoni, CACI s president and CEO.. We will continue to focus on well-funded areas such as defense, intelligence, homeland security, cyber security, and IT modernization where we have competitive advantages and established customer relationships. (Washington Business Journal, DC)
US economy set to exit recession Oct 29, 2009
"But we don't think that rate of growth is sustainable because it is distorted by all the government stimulus. "The challenge here is to get organic growth - growth that isn't helped by fiscal steroids. " Other analysts point to the continuing high level of unemployment in the US, where the jobless rate currently stands at 9.8%. Any reduction in unemployment typically lags behind an improving economy. The US entered the current recession in late 2007. "You can say that the recession is over, but... (BBC News -- Business)
Not All U.S. Online Brokers See Clear Crystal Ball Oct 28, 2009
"2009 was a great year for organic growth and we see momentum continuing to build, ... and we plan to use our strong financial position to take advantage of new opportunities to deliver additional growth," TD Ameritrade CEO Fred Tomczyk told analysts and the media on a conference call. TD Ameritrade, which runs the largest U.S. discount trading platform, predicted that daily average revenue trades (DARTS) could jump as much as 28 percent from the record in fiscal 2009. (ABC News -- Wire)
Harleysville Mutual to expand flood line Oct 28, 2009
Since entering the WYO flood program in 1999, our goal has been to become a major participant in this fee-based segment of the insurance business, said Michael L. Browne, Harleysville s president and CEO. Through a combination of acquisitions and organic growth, we have increased our WYO flood book at a 14 percent compound annual rate since 2005. The Delta Lloyds transaction will increase our size and scale in this niche. (Philadelphia Business Journal, PA)
Cordy Announces Resignation of Robert Baldwin as a Director and Acquisition of Tawow Resources Inc. Oct 28, 2009
Cordy Oilfield Services Inc. owns businesses in Alberta and British Columbia in the construction, environmental, manufacturing and pipeline sectors and is focused on implementing strategic and organic growth strategies. Forward-Looking Statements. (CCNMatthews Press Releases)
Nalco Reports Third Quarter Results Oct 28, 2009
Year-on-year price comparisons had been favorable in the first half of 2009, but were no longer a meaningful offset to business activity declines in third quarter organic growth comparisons ... In addition, Nalco may discuss sales growth in terms of nominal (actual), organic (nominal less foreign currency and acquisition/divestiture/merger/joint venture/perimeter impacts), and real (organic growth less that portion of the growth which consists of price increases that simply pass along higher... (Primezone Releases)
Sonabank initiates secondary offering Oct 27, 2009
Sonabank first announced plans for the stock offering last week, saying it would use the proceeds for organic growth and potential acquisitions, including failed banks in FDIC assisted transactions. Sonabank recently completed its acquisition of a branch in Warrenton, adding $26. (Washington Business Journal, DC)
Kirin Launches New Groupo Structure in Oceana Oct 27, 2009
Under the new structure and management team adopted today, Kirin will aim to improve the earnings of its overseas operations while accelerating both the organic growth and inter-company synergies of LN and NFL.. By Staff Writer. (JCN Network, Japan)
Can A Number Solve the Climate Change Conundrum? Oct 24, 2009
Organizers credit the increasing inter-connectedness of Web, cellular and social networks for the spread, saying such random and organic growth would have been impossible even two years ago. The climate crisis is also starting to resonate in a significant way, McKibben added. (Scientific American)
American River Q3 earnings drop 56% Oct 23, 2009
The bank company announced on Wednesday it is going to try to raise $22 million with an offering of its common stock, which the bank s management says will be used for general corporate purposes including organic growth and opportunistic acquisition. The public offering is being led by , with serving as a co-manager. (Sacramento Business Journal, CA)
F.N.B 3Q earnings down 56 percent Oct 23, 2009
F.N.B. continues to execute its organic growth strategy to take advantage of the opportunities created by the competitive disruption in our Pennsylvania markets, President and CEO Stephen Gurgovits Sr. said in a statement. I am pleased to report that we are executing well. (Pittsburgh Business Times, PA)
Bank of America, Chevy Chase take bigger slices of deposits Oct 23, 2009
Chevy Chase s figures reflect organic growth and don t include deposits held at Capital One Bank, which merged Chevy Chase into its charter after these numbers were collected. The figures are from the FDIC s annual survey of each branch. (Washington Business Journal, DC)
SonaBank posts gains Oct 22, 2009
The company also announced recently that it aims to raise $25 million through a common stock offering to support organic growth, fund future acquisitions and for general corporate purposes. Most Read Stories. (Washington Business Journal, DC)
Nestle: 9-Month Sales Fall 2.2 Percent Oct 22, 2009
Nestle reported organic growth of 3. 6 percent. (ABC News -- Wire)
American River plans $22M offering Oct 22, 2009
The holding company for American River Bank says it will use the money for general corporate purposes including organic growth and opportunistic acquisition. The public offering is being led by with Wunderlich Securities serving as a co-manager. (Sacramento Business Journal, CA)
Whitney Announces Pricing of Common Stock Offering Oct 22, 2009
The Company expects to use the proceeds from the offering for working capital and general corporate purposes, which may include capital to support organic growth, to better position the Company for the eventual redemption of the Company's preferred stock and warrant issued to the U.S. Department of Treasury pursuant to the Capital Purchase Program, and to facilitate future acquisition opportunities. J.P. Morgan Securities Inc. and SunTrust Robinson Humphrey, Inc. served as joint book-running... (Primezone Releases)
Farmer retires as Cintas chairman Oct 21, 2009
The company has achieved annual sales of nearly $4 billion through numerous acquisitions, expansion into ancillary business-to-business services, and organic growth. As the Business Courier , Farmer earlier this year turned over control of almost all of his remaining Cintas (NASDAQ: CTAS) shares to his son Scott Farmer, the company s current CEO.. (Cincinnati Business Courier, OH)
UBA - No Interest in Oceanic Bank Oct 21, 2009
Whilst UBA Plc has been very supportive of the ongoing banking sector reforms, our focus at this point in time is on organic growth, achieved through leveraging our large retail and commercial distribution network and product strength in Nigeria, across Africa and globally. Charles Aigbe Group Head, Corporate Communications. (allAfrica.com)
Harvard University's money problems Oct 20, 2009
The company plans to use the proceeds to develop a banking franchise through acquisitions and organic growth. James Connolly, the former Citizens president who stepped down four months ago, is chief executive of NBH Holdings. (Boston Globe)
UP Holdings becomes UniversalPegasus Intl Oct 20, 2009
By rebranding, it helps us further our goal of expansion in diverse markets through both organic growth and acquisitions, Jerry Mayfield, chief executive officer, said in a release. The Houston entity is the parent company of energy services firms ; ; ; and. (Houston Business Journal, TX)
French retailer to close Russia stores Oct 19, 2009
In its announcement, Carrefour cited an absence of sufficient organic growth prospects and acquisition opportunities in the short and medium term that would have allowed Carrefour to attain a position of leadership. In June, Carrefour cut the ribbon fo 00004000 r its first Russian hypermarket, covering 86,000 sqft, at the Filion shopping mall in Moscow. (India Times)
Austro: Earnings to fall by 60% to 80% Oct 19, 2009
Last year it said it would consolidate its acquisitions and seek organic growth. - Thabiso Mochiko. (Business Report, South Africa)
Hawks provide new looks during camp Oct 18, 2009
There's something to be said for organic growth, what with the massive improvements guys like Josh Smith, Horford and Williams have made over the past few seasons. But nothing pushes the envelope like true competition. (Atlanta Journal-Constitution -- Sports)
READ: Bank of American's press release Oct 17, 2009
" Third-Quarter 2009 Business Highlights -- Average retail deposits in the quarter increased $93.0 billion, or 16 percent, from a year earlier, including the net impact of $72.1 billion in balances from Merrill Lynch and Countrywide. Excluding Countrywide and Merrill Lynch, retail deposits grew $20.9 billion, or 4 percent, from the year-ago quarter. -- Global Wealth and Investment Management was ranked No. 1 among U.S. wealth managers with more than 25 percent of the nation's top 100 financial... (USA Today -- Money)
GMX Resources Inc. Announces Signing of Definitive Purchase Agreement for Midstream Transaction with Kinder Morgan and Activation of Second Haynesville/Bossier Shale Horizontal Drilling Rig Oct 17, 2009
These multiple resource layers provide the potential for repeatable, organic growth. The GMX Resources Inc. logo is available at. (Primezone Releases)
Southern National Bancorp of Virginia, Inc. Announces Common Stock Offering Oct 15, 2009
The Company expects to use the proceeds from the offering to provide capital to Sonabank to support its anticipated organic growth, to support potential future acquisitions of branches or whole banks, including the possible acquisitions of failed financial institutions in FDIC assisted transactions, and for other general corporate purposes. A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. (Primezone Releases)
Twitter partners with Indian firm for SMS tweets Oct 15, 2009
" onclick="Next();" src="/images/butt_next (Channelnewsasia.com)
Top Glove sees profit surge Oct 15, 2009
Executive director K.M. Lee said the company was also targeting to increase its global market share to 30% by December 2012 from the current 22% by merger and acquisition (Mitities and also through organic growth (building more factories). We have ample cash in hand now (RM176mil) for Ms and are now looking for suitable companies locally and internationally to acquire, he told a briefing yesterday. (The Star Online, Malaysia -- Business)
Gerresheimer has Passed the Turning Point Oct 15, 2009
- Nine-Month Sales (Excluding Technical Plastics) 1. 7% Down on Prior Year - EBITDA Margin at High Level of 17. (Canada Newswire)
In Big Sale, AIG Unloads Nan Shan for $2.1 Billion Oct 14, 2009
Morse said he expects Nan Shan to expand through a combination of acquisitions and organic growth. Primus Co-CEO Wing-Fai Ng told Dow Jones Newswires in late August that the company would take Nan Shan Life public if its bid was successful, and would consider expanding its operations into China, Hong Kong, Malaysia, Indonesia, Thailand, Japan, Singapore, the Philippines, among others. (SmartMoney)
Union Bank eyes national expansion Oct 13, 2009
The $2 billion capital contribution is designed to provide UnionBanCal with sufficient capital now to offset potential future credit losses, assuming a highly adverse economic scenario, said Masaaki Tanaka, Union Bank s president and CEO. To the extent actual credit costs are consistent with, or lower than, those in our base forecast, we will have considerable excess capital that could be deployed to support incremental organic growth and acquisitions. The investment, made at the request of... (San Francisco Business Times, CA)
