| Wilshire Bancorp to Promote Elaine Jeon to Interim Chief Financial Officer Following Brian Cho's Departure
LOS ANGELES, Nov. 8, 2007 (PRIME NEWSWIRE) -- Wilshire Bancorp, Inc. (NasdaqGS:WIBC - News), the holding company for Wilshire State Bank, today announced that Elaine Jeon will be promoted to interim Chief Financial Officer (CFO) from Controller at the end of the month following Brian Cho's pending departure. Cho will be leaving at the end of November to become CFO for a larger bank. ``Elaine Jeon has excellent financial skills, and she is very well qualified to take on the position as interim CFO for Wilshire,'' Cho commented. ``We have worked together for the past 10 years and she is one of the most professional and skilled finance and accounting professionals I know. I believe her strategic thinking will be a strong asset in guiding Wilshire forward.'' .
Bankruptcy Possible For Some Homebuilders In Slumping Market
Homebuilders such as Dallas-based Centex Corp. and Pulte Homes Inc. aim to survive an industrywide unraveling by selling houses at bargain prices, slashing jobs and scrapping growth plans. But as the housing downturn worsens, experts say at least a few major U.S. homebuilders may end up bankrupt. Builders constructed more than 2 million housing units nationwide in 2005, the year the boom peaked. So far this year, housing starts have fallen to an annual rate of 1.2 million units through September, and economists expect the number to drop to an annual rate of 1 million by mid-2008. .
Fortis Earns $30.8 Million in Third Quarter
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - Nov. 2, 2007) - Fortis Inc. ("Fortis" or the "Corporation") (TSX:FTS - News), reported net earnings applicable to common shares of $30.8 million, or $0.20 per common share, for the third quarter of 2007, compared to earnings of $38.8 million, or $0.37 per common share, for the same quarter last year. Year-to-date earnings applicable to common shares were $113.8 million, or $0.86 per common share, compared to earnings of $113.3 million, or $1.09 per common share, for the same period last year. .
AMD Unleashes Enthusiast Gaming Performance for the Masses with ATI Radeon HD 3800 Series
AMD today announced the introduction and immediate availability of the ATI Radeon HD 3800 Series of graphics processing units (GPU). As the world�s first series of graphics processors to deliver Microsoft�s DirectX 10.1 support, 55nm process technology and tri and quad multi-GPU support with ATI CrossFireX, the ATI Radeon HD 3800 series ushers in a new era of enthusiast gaming performance at mainstream price points. .
Fitch downgrades Kraft rating over debt load
(AP) � Fitch Ratings on Friday downgraded Kraft Food Inc.'s long-term ratings a day after the company agreed to sell its two dozen Post cereals to Ralcorp Holdings Inc. The ratings agency lowered Kraft's investment grade long-term issuer default, senior unsecured debt and credit facility rating by one notch to 'BBB' from 'BBB+.' The ratings outlook is stable. Fitch said the downgrade reflects Kraft's debt-financed acquisition of Group Danone SA's cookie and cereal snack division announced in July for $7.8 billion coupled with the limited amount of near-term debt reduction as a result of the Post cereals transaction. "While this debt reduction is viewed positively, it does not materially improve Kraft's credit metric," Fitch said. .
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