Month: August 2022

PITTSBURGH, August 1, 2022 /PRNewswire/ — MSA Safety Incorporated (NYSE: MSA) announced today that it has accepted the resignation of its CFO, Kenneth Krauseeffective August 262022. Mr. Krause, who was elected CFO a December 2015leaves to accept the position of CFO in another public company located outside pennsylvania. Nish Vartanian, MSA Safety’s chairman, president and chief executive officer, said the company has begun a comprehensive external search for a new chief financial officer. Also, MSA Accounting Director Jonathan Buck has been appointed interim financial director. “On behalf of our Board of Directors and the entire MSA organization, we want to…

Brian Savoy named CFO Steve Young appointed commercial director CHARLOTTE, North Carolina – Duke Energy (NYSE: DUK) today announced executive appointments to the positions of Chief Financial Officer and Chief Commercial Officer, effective September 1, 2022. Brian Savoycurrently executive vice president and chief strategy and commercial officer, will become executive vice president and chief financial officer, succeeding Steve Young. As CFO, Savoy will oversee the company’s finance function, including the controller’s office, treasury, tax, financial planning, risk management and insurance. He will also be responsible for corporate development and business strategy. Prior to his current role, Savoy served as Senior…

RICHMOND, Va. (AP) _ Genworth Financial Inc . ( GNW ) reported second-quarter earnings of $181 million on Monday. Per share, the Richmond, Va.-based company said it had net income of 35 cents. Earnings, adjusted for non-recurring gains, were 34 cents per share. The financial services company posted revenue of $1.88 billion during the period. Its adjusted revenue was $1.87 billion. _____ This story was generated by Automated statistics (using data from Zacks Investment Research. Access to Zacks Stock Report on GNW at [ad_2] Source link

CARMEL, Ind. (AP) _ CNO Financial Group Inc. (CNO) reported second-quarter earnings of $136.1 million on Monday. Per share, the Carmel, Ind.-based company said it had net income of $1.16. Earnings, adjusted for non-recurring gains, were 85 cents per share. The results beat Wall Street expectations. The average estimate of three analysts polled by Zacks Investment Research was for earnings of 47 cents per share. The insurance holding company posted revenue of $855 million during the period. _____ This story was generated by Automated statistics (using data from Zacks Investment Research. Access to Zacks Stock Report on CNO at [ad_2]…

A customer shops at a Kroger grocery store on July 15, 2022 in Houston. Brandon Bell | Getty Images While experts debate whether the US is on the brink of an economic recession, many Americans are already preparing for one. So far, 66 percent of Americans worry that a major recession is around the corner, compared with 48 percent who said the same a year ago, according to a survey by Allianz Life Insurance Company of North America. One of the main reasons is that people are afraid of high inflation, which has pushed up the prices of goods and…

US House Speaker Nancy Pelosi plans to meet with Taiwan President Tsai Ing-wen on Wednesday in a controversial visit that has raised concerns about a possible military response from China. Three people familiar with the situation said Pelosi would meet with Tsai in Taipei as part of a broader visit to Asia that began Sunday in Singapore. Pelosi did not include Taiwan on her official itinerary, which includes Japan, South Korea and Malaysia, due to security concerns, but the Financial Times first reported that she would be the first female speaker to visit Taiwan in 25 years. China has issued…

WASHINGTON, Aug 1 (Reuters Breakingviews) – Technology companies have stormed the consumer finance tapes, but they don’t face the regulation that vexes their old-world rivals. Although no financial watchdog oversees Apple (AAPL.O)amazon.com (AMZN.O) or Meta Platforms owned by Facebook (META.O), that could change. It all depends on the views of a watchdog panel known as the Financial Stability Oversight Council. When a company like apple decides to offer financial services, the potential impact is enormous. Grab the iPhone maker’s new Buy Now, Pay Later service. Start small, with six-week loans and a $1,000 loan limit. But unlike the Apple-branded credit…