F.N.B. Corporation Again Recognized by Greenwich Associates for Excellence in Banking
20 02 2018
PITTSBURGH, Feb. 20, 2018 -- F.N.B. Corporation (NYSE: FNB) announced today that it has again been recognized as a Greenwich Excellence in Banking Awards winner, receiving high scores both nationally and regionally for satisfaction among Small Business clients. Since 2009, FNB has received a total of 43 Greenwich Excellence Awards for its commercial banking client experience.FNB's six most recent awards include national honors for Branch Satisfaction and Northeast regional honors for Overall Client Satisfaction and Likelihood to Recommend in the Small Business segment. The company also received honors in the Cash Management category, including national recognition for Customer Service and Overall Satisfaction, as well as for Overall Satisfaction in the Northeast region."It is an honor to be recognized by Greenwich Associates, particularly because the results include feedback provided by our own customers," said Vincent J. Delie, Jr., Chairman, President and Chief Executive Officer...
FirstEnergy Announces 2017 Financial Results
20 02 2018
AKRON, Ohio, Feb. 20, 2018 -- FirstEnergy Corp. (NYSE: FE) today reported full-year 2017 GAAP losses of $(1.7) billion, or $(3.88) per basic and diluted share of common stock on revenues of $14 billion. In 2016, the company recorded GAAP losses of $(6.2) billion, or $(14.49) per basic and diluted share of common stock, on revenue of $14.6 billion. Results for both periods primarily reflect the impact of non-cash asset impairment and plant exit costs related to the company's competitive generation fleet, and 2017 results also include a charge related to the Tax Cuts and Jobs Act.
Operating (non-GAAP) earnings* for 2017 were $3.07 per basic share of common stock, which was at the upper end of the company's most recent guidance. In 2016, operating (non-GAAP) earnings were $2.63 per basic share of common stock.
"Throughout the past year, our company has made important progress in our transition to a fully regulated utility," said Charles E....
FirstEnergy Announces Senior Management Changes
20 02 2018
AKRON, Ohio, Feb. 20, 2018 -- FirstEnergy Corp. (NYSE: FE) today announced management changes that are designed to support its transition to a fully regulated utility company and broaden the experience of key executives.
The changes involve nine leaders in Finance, FirstEnergy Utilities, Human Resources and FirstEnergy Solutions. The moves include James F. Pearson to executive vice president, Finance, Steven E. Strah to senior vice president and chief financial officer, and Samuel L. Belcher to senior vice president and president, FirstEnergy Utilities.
"As we continue our transformation into a high performance, fully regulated utility, we are broadening the experience of key members of our management team who will help guide FirstEnergy through this transition and into a new period of growth," said Charles E. Jones, president and chief executive officer of FirstEnergy. "These changes will strengthen our succession planning and ensure that we continue...
Making Room: Housing for a Changing America Student Design Competition Focuses on Universal Design, Flexibility, and Budget
20 02 2018
WASHINGTON, Feb. 20, 2018 -- The American Society of Interior Designers (ASID) Foundation, HomeAdvisor, and the National Building Museum announce the Making Room: Housing for a Changing America Student Design Competition. The competition, open for submissions February 20 – April 13, 2018, challenges students who attend colleges and universities in the Maryland, Virginia, and Washington, D.C. regions to design a living space for a retired couple that is flexible, employs universal design concepts, and has a budget of $50,000 or less. The first, second, and third place winners will receive scholarships and have their work featured at the National Building Museum.
"At ASID we believe that design impacts lives. As an association that represents the design industry among designers of all specialties and career stages, we are proud to support the Making Room: Housing for a Changing America Student Design Competition," said Randy Fiser, Hon. FASID, CEO, ASID. "The students who enter the...
Lockheed Martin Launches Unmanned Vehicle Control Software that Can Simultaneously Control Multiple UAV Types, Operating Anywhere on Earth
20 02 2018
CALGARY, Alberta, Feb. 20, 2018 -- Lockheed Martin (NYSE: LMT) software has been simultaneously flying, on average, at least six unmanned aircraft during every hour of the last 25 years, completing missions as diverse as reconnaisance, inspection, mapping and targeting. Today, Lockheed Martin is launching VCSi, a new vehicle control software, as the culmination of more than two decades of experience and 1.5 million hours of operational use.
A screen grab from Lockheed Martin’s latest VCSi software that enables operators to control multiple unmanned aircraft types operating anywhere in the world. Image courtesy Lockheed Martin.
Lockheed Martin will unveil VCSi – commercial software that enables operators to simultaneously control dozens of unmanned vehicles and conduct information, surveillance and reconaissance missions – during the Unmanned Systems Exhibition and Conference in Abu Dhabi this month.
"VCSi is a safe and reliable software platform that...
IGC Announces Third Quarter Financial Results Advances Hyalolex to Commercialization Stage
20 02 2018
BETHESDA, Md., Feb. 20, 2018 -- India Globalization Capital, Inc. (NYSE:IGC) announced financial results for the third quarter ended December 31, 2017 for the fiscal year that ends March 31, 2018 (the “FYE2018 Q3”).Revenue for fiscal Q3 2018 was $762,000 compared to $250,000 for fiscal Q3 2017. The increase in revenue is attributable to trading commodities related to infrastructure that is part of our legacy business.Selling, general and administrative expenses were $507,000 for Q3 2018 as compared to $323,000 for Q3 2017. The majority of these expenses are associated with public company costs, and the increase is attributable largely to non-cash share grants to employees, directors, and advisors. In Q3 2018, the Company reported a GAAP loss of $533,000 and a GAAP EPS loss of $0.02, compared to a GAAP net loss of $112,000 and a GAAP EPS loss of $0.00 for Q3 2017. The increase in loss is attributable to a one-time non-cash gain incurred in Q3 2017 and the...
OTC Markets Group Welcomes Future Farm Technologies to OTCQX
20 02 2018
NEW YORK, NY, Feb. 20, 2018 -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Future Farm Technologies Inc. (CSE: FFT; OTCQX: FFRMF), a company that is developing and acquiring technologies in Controlled Environment Agriculture (CEA) for the global production of various types of plants, has qualified to trade on the OTCQX® Best Market. Future Farm Technologies upgraded to OTCQX from the OTCQB® Venture Market.Future Farm Technologies begins trading today on OTCQX under the symbol “FFRMF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com."Congratulations to Future Farm Technologies on graduating from our OTCQB Venture Market to trade on our OTCQX Best Market," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "Future Farm Technologies joins the increasing...
NiSource Reports 2017 Earnings
20 02 2018
MERRILLVILLE, Ind., Feb. 20, 2018 -- NiSource Inc. (NYSE: NI) today announced, on a GAAP basis, income from continuing operations for the twelve months ended December 31, 2017 of $128.6 million, or $0.39 per share, compared to $328.1 million, or $1.02 per share, for the same period of 2016.
NiSource also reported net operating earnings (non-GAAP) of $397.5 million, or $1.21 per share for the twelve months ended December 31, 2017, compared to $351.2 million, or $1.09 per share, for the same period of 2016.
For the three months ended December 31, 2017, NiSource reported a loss from continuing operations (GAAP) of $52.4 million, or $0.16 per share, compared to income from continuing operations of $88.8 million, or $0.28 per share, for the same period of 2016. On a non-GAAP basis, net operating earnings were $110.3 million, or $0.33 per share, compared to $107.6 million, or $0.33 per share, for the same period in 2016.
Reflected in the GAAP results are certain balance...
Envision Financial Systems Sponsors 2018 BISA Annual Convention
20 02 2018
COSTA MESA, CA, February 20, 2018 -- Envision Financial Systems, Inc., a leading provider of real-time mutual fund shareholder recordkeeping and trading technology, is pleased to sponsor the 2018 Bank Insurance and Securities Association (BISA) Annual Convention (Booth #29).The convention, held March 6-9 in Hollywood, Florida, offers educational and networking opportunities for those in marketing, sales and distribution of securities, insurance, and other financial products and advisory services through the bank channel.A longstanding provider of shareholder subaccounting, transfer agency, 529 and compliance technology solutions, Envision recently expanded its offerings to independent broker dealers and other financial advisory firms with the launch of FundKeeper.FundKeeper brings banks, credit unions and other financial intermediaries a new approach to supporting mutual-fund-only investors. Traditionally, intermediaries have held these investor accounts directly...
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