| ITT Educational confident in 2008 view
CARMEL, Ind. - Post-secondary education provider ITT Educational Services Inc. said Thursday it is "confident" it can achieve 2008 earnings per share of $4.50 to $4.60 despite the reduction in lender subsidies under federal student loan programs and tight credit markets which are pressuring students. Analysts surveyed by Thomson Financial expect full-year profit of $4.47 per share, on average. The company said it expects to continue to improve student retention, but believes future increases in the quarterly persistence rate will moderate from 2007 levels. "Recently, there has been a lot of speculation in the market with respect to the ability of our students to obtain the financing needed to pay their education costs," said Chief Executive Kevin Modany in a statement. "This speculation was caused by a recent reduction in lender subsidies under the federal student loan programs and the current credit crunch that arose from the subprime mortgage crisis." ITT said it has arranged for Bank of America, Chase Education Finance and Citibank, The Student Loan Corp.
Let's not get our wires crossed
The green-fronted Kuwait Finance House Auto mall on Bah-rain's main showroom highway is a bank that sells cars. Here, the motorist can pick the model that takes his fancy and, at the same time, fix up the Islamic financing and Islamic insurance to buy it - a sign of the rate at which Islamic banking is growing. Opened in June last year to meet rising demand in the Gulf archipelago, the bank offers murabaha-based purchase plans, a method of Islamic financing that lets customers buy automobiles without taking an interest-based loan. .
Citibank says it's committed to Philadelphia
Mont. Co. starts loan program for minority business [Washington, D.C.] Adam Aircraft seeks $75M to $100M [Albuquerque] CRC grants will help agencies hire more housing counselors [East Bay] Accuro Healthcare to go public [Dallas] Supreme Court decides to skip Enron case [Houston] .
10 Worst Innovation Mistakes In A Recession.
Banks especially. The rise of social networking and consumer power means that companies have to be part of a larger conversation with their customers. This means big money spent on IT. 3) Reduce Risk. Innovation requires taking chances and dealing with failure. Recessions push managers to be more conservative. They need to fight this instinct. 4) Stop New Product Development. Saving money often means cutting back on new products and services during an economic downturn. This hurts companies when growth returns and they have fewer offerings in the marketplace to attract consumers. 5) Boards Replace Growth-Oriented CEOs with Cost-Cutting CEOs. Sudden declines in revenues and profits often leads boards of directors to search for managers with experience in pinching pennies.
Brady not seen before or at practice
There was no word after it ended, and calls to the Patriots were not immediately returned. Brady was photographed in New York on Monday wearing a protective boot on his right foot. He took it off later in the day and hasn't been photographed wearing it since. He reportedly has a minor high ankle sprain that isn't expected to keep him out of the Super Bowl against the New York Giants on Feb. 3. Brady wasn't seen during the first 15 minutes of Thursday's workout to which media were admitted, nor in the locker room. As Belichick was asked Friday to compare the current trip to the Super Bowl to the other three the team has played in, vice president of media relations Stacey James said, "Final question." One reporter tried to squeeze in another, asking if Belichick could say what Brady did or didn't do on Thursday, the Patriots' first day of practice after a three-day break.
|
