Parker/Hunter settles NASD complaint
Article Abstract:
Parker/Hunter Inc. of Pittsburgh, PA, has to shoulder a total of $35,707 in penalties with former public finance officer G. James Haberman and its Chairman and Chief Executive Officer Robert Kampmeinert as ordered by the National Association of Securities Dealers (NASD). Kampmeinert will jointly pay $1,000 of that amount with the brokerage company for not securing a certificate of compliance from Haberman in 1994 and 1995 during a county-backed bond issue. The NASD believes that the firm ought to have abstained from participating as a junior co-managing underwriter for that transaction. Parker Hunter will pay an additional $29,707 by itself due to its participation. Haberman will be penalized $5,000 for different reporting and record keeping violations regarding municipal issues.
Comment:
Has to shoulder total of $35,707 in penalties with G. James Haberman and its Chairman Robert Kampmeinert
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Parkvale shareholder wants a takeover
Article Abstract:
Parkvale Financial Corp.'s Poughkeepsie, NY-based shareholder Philip Miller is proposing to put the largest publicly-owned thrift bank for sale. Miller, who owns 83,000 shares of the Monroeville, PA-based bank's 5.2 million outstanding stock, said that it was in the best interest of the firm's shareholders to sell out to a bigger, 'more competitive financial institution' because it was performing below par compared to its competitors. However, Parker/Hunter Inc.'s analyst Sharada Krishnappa said that the bank's performance is at par with its peers although its earning's growth is expected to slow. The proposal will be decided on Parkvale's annual meeting on Oct. 22, 1998.
Comment:
NY-based shareholder Philip Miller is proposing to put the biggest publicly-owned thrift bank in the region for sale
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Bullish forecast at Heinz
Article Abstract:
H.J. Heinz Co., a global food processor based in Pittsburgh, PA, has reported a 13% increase in its earnings for the first quarter that ended July 29, 1998 to $223.3 million, or 60 cents per diluted share, from $197.3 million, or 53 cents a share, in 1997 for the same quarter. However, if special gains and charges are taken into account, profits of H.J. Heinz for the quarter declined to $213.8 million, or 58 per diluted share, from $243.3 million, or 65 cents per share. H.J. Heinz CEO William R. Johnson told shareholders at the company's annual meeting he is optimistic the company would achieve double-digit gains for the full year in 1999.
Comment:
Reports 13% rise in earnings for quarter that ended 7/29/98 to $223.3 mil from $197.3 mil in 1997 for same quarter
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Mastech purchases competitor. Fore stock sinks 22%; acquisition is blamed. Court denies Allegheny Energy suit
- Abstracts: A former secretary turns chief executive. Making a shred of differnce. Company helps clients avoid software debacles
- Abstracts: Negative FDA review if drug stalls Cell Pathways growth. Bristol-Myers shareholders would receive $300 million
- Abstracts: Internet and web service companies. Internet and web services companies
- Abstracts: Sony set to fill jobs at TV plant. Transformed. Sony veteran gets top job