Sale of newcourt marks the end of an era

Article Abstract:

Newcourt Credit Group Inc. will be acquired by New Jersey-based CIT Group Inc. in a $4.1-billion stock deal. The deal marks a new era for the company, which was started by CEO Steve Hudson in 1984 as an intermediary between hospitals that needed funds for acquisition of expensive equipment and insurance companies that were looking for investments. The company quickly grew and acquired more than a dozen companies in the leasing and lending business. Steve Hudson will become president of the combined entity, next in line to CEO Albert Gamper.

Organizational history, Installment Sales Companies, Sales Financing, Consumer finance companies, Newcourt Credit Group Inc.

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First Marathon CEO made $4.9-million

Article Abstract:

First Marathon Inc has paid its founder and CEO Lawrence Bloomberg C$4.9 million in 1998, up by 11% from $4.4 million in 1997. The compensation included a $1 million bonus as a key player in the sale of Maple First Financial Group Inc, which boosted First Marathon's earnings by 42% to C$73.1 million. Meanwhile, Hollinger is planning to launch a new stock incentive plan for executives, directors and key employees. The new plan will more than double the number of shares available for award.

Newspapers, Newspaper Publishers, Financial Services, Finance and Insurance, Management development, Newspaper publishing, First Marathon Inc.

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Corus raises dividend, annual projections as profit rockets 56%

Article Abstract:

The details on the rise in profits of Corus Entertainment Inc. by 56% are examined.

Sales, profits & dividends, Radio Broadcasting, Radio broadcasting stations, Radio broadcasting industry, Company sales and earnings, Company earnings/profit, Corus Entertainment Inc.

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