New Survey Shows Consumer-Driven Health Plans Continue To Grow Aug 19, 2008
UBA members provide employee benefits consulting, brokerage services, and best-in-class products to more than 37,000 private corporations and public employers across the U.S. and internationally. As trusted advisors, UBA members help their clients manage approximately $16. (PR Newswire)
McCain Plans Rally for 10,000 After Obama Speech... Aug 19, 2008
In 2002, before the Massachusetts Supreme Judicial Court declared same-sex marriage protected by the Constitution, Romney denounced as "too extreme" the effort by pro-family groups to enact a preemptive state Marriage Protection Amendment prohibiting homosexual marriage, civil unions and same-sex public employee benefits. - Boston Phoenix, May 14-20, 2004. (The Drudge Report)
Changes in retirement leave former Aloha pilots up in the air Aug 19, 2008
More than 50,000 participants and $255 million in assets were affected in more than 1,500 civil cases involving defined-contribution orphan plans as of 2005, the most recent data according to the U.S. Department of Labor s Employee Benefits Security Administration. Each month, Hutcheson handles several orphan cases with the U.S. Department of Labor seeking an independent fiduciary or with a law firm needing a fiduciary prior to working with the Labor Department. (Pacific Business News, HI)
Court Issues Ruling In Lesbian Insemination Case Aug 19, 2008
A trial court in dismissed the entire case in 2000, ruling that federal law regulating employee benefits plans bars a state civil rights claim. Lambda Legal, the lawyers representing Benitez at that time, asked an appeals court to overturn the ruling. (NBCSandiego.com, CA)
Are local governments suffering from a 'brain drain?' Aug 19, 2008
Douglas County Grand Jury issued a report showing that due to a change in public employee benefits policy, many public employees covered by the public employee retirement system will lose their retirement health coverage by the end of 2008. Although public employees still have the option of paying into a private fund, a large number of public workers in local governments and school districts have chosen early retirement. (KRNV.com, NV)
Oil Refineries Announces Financial Results For Second Quarter 2008 Aug 18, 2008
In thousand US Dollars June 30, June 30, December 2008 2007 31, 2007 (Unaudited) (Audited) Current liabilities Credit from banking institutions and other credit providers 572,222 283,828 216,021 Trade payables 697,525 429,563 561,232 Other payables 130,341 81,754 92,253 Derivatives at fair value through profit and loss 28,309 - - Income tax - 20,562 - Provisions 31,856 18,922 19,950 Total current liabilities 1,460,253 834,629 889,456 Non-current liabilities Debentures 827,898 229,434 717,302... (PR Newswire)
Persistence helps Buckeye Shapeform dig out from hole Aug 18, 2008
Members: Not Registered. for free extra services. (Columbus Business First, OH)
More Health Insurers Competing In Individual Coverage Market Aug 18, 2008
Companies that used to focus largely on the employer market now view individuals as a new revenue source as employers struggle to maintain employee benefits, drop retiree insurance and lay off workers. "We are in a mature insurance market and some of the biggest potential is in the individual market, and all the insurers recognize that," said Stephen Jewett, a spokesman for Farmington-based ConnectiCare. (FOX61, CT)
Hershey Announces Price Increase and Updates Outlook for 2008 and 2009 Aug 16, 2008
Factors which could cause results to differ materially include, but are not limited to: our ability to implement and generate expected ongoing annual savings from the initiatives to transform our supply chain and advance our value-enhancing strategy; changes in raw material and other costs and selling price increases; our ability to execute our supply chain transformation within the anticipated timeframe in accordance with our cost estimates; the impact of future developments related to the... (PR Newswire)
Persistence pays Aug 16, 2008
Next was cutting back on employee benefits. Buckeye Shapeform suspended 401(k) matching funds, tuition reimbursement, annual wage increases and year-end bonuses telling employees they would return once the downturn was reversed. (Columbus Business First, OH)
East Bays Heffernan Insurance expands Los Angeles outpost Aug 16, 2008
The 11-person Los Angeles office is led by new senior vice president and branch manager John DeFazio, a former DeWitt Stern executive who will manage its efforts to attract new business, including new property/casualty, financial services and employee benefits accounts. Specialty niches targeted by Heffernan in Los Angeles include nonprofits, franchise restaurants, hospitality industry, and entertainment, the Walnut Creek-based brokerage said Aug. 15. (San Francisco Business Times, CA)
TimberWest Releases 2008 Second Quarter Results and Announces a Review of Distribution Policy and Potential Capital Reorganization Aug 15, 2008
Employee Benefits --------------------------------------------------------------------- As at As at June 30, December 31, 2008 2007 --------------------------------------------------------------------- Pension benefits $ 8. 9 $ 8. (PR Newswire)
Make sure your company is prepared if and when disaster strikes Aug 15, 2008
Benefits: Will your employee benefits programs and employee assistance program be available to employees during and after a crisis. First Responders: Will you have a procedure in place to protect the jobs of employees who are "first responders" assisting in the aftermath of a disaster. (Columbus Business First, OH)
Don't skimp on additional health benefits Aug 14, 2008
"It is becoming even more challenging for employers to offer the typical core benefits we have become used to having, like health and dental and life, and long-term and short-term disability," said Will Montoya, a managing partner with , a Ponte Vedra Beach employee benefits provider and financial planning firm. "As health [insurance costs] go up, it is becoming difficult to offer the full range.". (Jacksonville Business Journal, FL)
Forest City woman harbors Olympic dream Aug 13, 2008
Knutson, who is the Employee Benefits Coordinator at Waldorf College, had only been training about two weeks. She was a state meet qualifier in high school and was offered a swim scholarship to the Division II University of North Dakota, but turned it down. (Forest City Summit, IO)
Brown & Brown expands into Kentucky Aug 13, 2008
1 million in annual revenue, specializes in offering property and casualty and group employee benefits insurance products and services to clients in the recreational vehicle and power sport dealership industries and the manufactured housing industry throughout the United States, a release said. Mike Neal and his staff will operate as a subsidiary from their current locations in Columbia and Tampa. (Tampa Bay Business Journal, FL)
Wells Fargo Insurance acquires Santa Rosa insurance brokerage Aug 13, 2008
an insurance brokerage subsidiary of , acquired , a seven-person Santa Rosa brokerage and employee benefits firm. Terms of the deal weren t disclosed. (San Francisco Business Times, CA)
JBT Corporation Announces Second Quarter 2008 Results Aug 12, 2008
Other expense, net, generally includes stock-based compensation, other employee benefits, LIFO adjustments, certain foreign exchange gains and losses, and the impact of unusual or strategic transactions not representative of segment operations. JBT CORPORATION BUSINESS SEGMENT DATA (Unaudited and in millions) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 Inbound Orders JBT FoodTech $147. (PR Newswire)
Women keep tabs, keep on track Aug 12, 2008
Wigen, 47, is a certified nurse practitioner; Gillfillan, 46, is president of her own company, One Source Advisors Inc. in Dublin, an employee benefits and consulting company; and Zazon, 44, is the CEO of the Columbus region of. This diversity of personalities and skills within the group is what brings the most value to members, said Sharon Alvarez, associate professor of management and human resources at at. (Columbus Business First, OH)
Second Quarter 2008 Operating and Financial Results Aug 12, 2008
The net Gnts that are expensed represent salaries, employee benefits, office costs, legal and related party services not directly attributable to ongoing exploration and development capital projects. The higher net G008 in comparison with 2007 is due to the timing of expenditures and the application of an overhead recovery against these costs. (Canada Newswire)
ABD refugees lure execs to new ventures Aug 12, 2008
In October, VRT got a $5 million capital injection from Belvedere Capital to help finance its growth; EPIC, which acquired Sacramento's 40-person employee benefits consultancy this spring, is backed by $100 million in private equity. crauber@bizjournals. (San Francisco Business Times, CA)
Study: Health costs seen rising, but smallest growth in years Aug 12, 2008
Equity Risk Partners is a risk management and employee benefits consulting firm. Costs are still rising to keep up with growing patient demand for services, the needs of an aging population and prescription drug and technology costs, according to Aon Consulting, a subsidiary of Aon. (USA Today -- Money)
Todd Bachman Aug 12, 2008
The American stabbed to death Saturday in Beijing was chairman of the board of Insurance & Employee Benefits in Edwardsville, Ill. Todd Bachman, 62, was named chairman of Hortica, which provides insurance and risk management to the floral and horticultural industry. (St. Louis Business Journal, MO)
Where they stand Aug 12, 2008
These arrangements substantially increased employee benefits while decreasing city contributions, thereby contributing to the deficit. They were made for political reasons and red flags of impropriety were apparent at the time. (San Diego Union-Tribune)
South Korea to Sell 41 State-Owned Companies in Lee's Drive for Efficiency Aug 11, 2008
Some government-owned companies ``have low productivity and excessive wages and employee benefits,'' the ministry said in the statement. Improving the management of the state-owned companies will ensure better-quality public services. (Bloomberg -- Asia)
United Security Bancshares, Inc. Reports Growth in Second Quarter Income Aug 9, 2008
UNITED SECURITY BANCSHARES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in Thousands, Except Per Share Data) Three Months Ended Six Months Ended June 30, June 30, 2008 2007 2008 2007 (Unaudited) (Unaudited) INTEREST INCOME: Interest and Fees on Loans $10,832 $13,372 $22,325 $26,704 Interest on Investment Securities 2,208 1,837 4,242 3,639 Total Interest Income 13,040 15,209 26,567 30,343 INTEREST EXPENSE: Interest on Deposits 3,366 3,857 7,127 7,392 Interest on... (PR Newswire)
First Federal of Northern Michigan Bancorp, Inc. Announces Second Quarter 2008 Earnings Aug 9, 2008
01 par value 20,000,000 shares authorized 3,191,999 shares issued) 31,920 31,920 Additional paid-in capital 24,367,111 24,327,466 Retained earnings, restricted - - Retained earnings 11,845,294 12,416,364 Treasury stock at cost (307,750 shares) (2,963,918) (2,963,918) Unallocated ESOP (908,431) (958,651) Unearned compensation (348,648) (414,549) Accumulated other comprehensive (loss) income (77,781) 64,913 Total stockholders' equity 31,945,547 32,503,545 Total liabilities and stockholders' equity... (PR Newswire)
Sbarro, Inc. Announces Results of Operations for the Quarter and Six Months Ended June 29, 2008 Aug 9, 2008
Financial schedules to follow] SBARRO, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In thousands) For the quarter For the quarter ended June 29, 2008 ended July 1, 2007 SUCCESSOR SUCCESSOR Revenues: Restaurant sales $81,143 $78,959 Franchise related income 4,239 3,642 Total revenues 85,382 82,601 Costs and expenses: Cost of food and paper products 19,386 15,916 Payroll and other employee benefits 24,415 22,118 Other operating costs 31,191 29,605 Other income, net... (PR Newswire)
AltaGas Utility Group Inc. Announces Record First Half of 2008 Results and a Quarterly Dividend of $0.045 Per Share Aug 9, 2008
With respect to estimates, the most critical of these policies are those related to rate regulation, determination of pension and other employee benefits, amortization and depreciation expense, goodwill impairment assessment and asset retirement obligations. Actual results may differ from these estimates. (CCNMatthews Press Releases)
Ways and means committee to study auditor Aug 9, 2008
Mullaney added, If we did get an independent contractor, it would be a bargain because there wouldn t be employee benefits. Mullaney suggested posting an announcement looking for an independent contractor, rather than a salaried employee, to fill the auditor s position. (Braintree Forum, MA)
Comment on this article Aug 8, 2008
Renewable Energy Firms Strike Gold with Green Employee Benefits ... Leading by example, renewable energy firms are developing green or environmentally friendly employee benefits which align the core values of a CEO and culture of their organization with the core values of each employee ... Why would a company that most likely already offers employees a generous host of employee benefits including, health and life insurance, paid personal and vacation days, matching retirement plans and... (Energy Pulse, CO)
Fortis Reports Second Quarter Earnings of $29 Million Aug 8, 2008
Phase One has been completed which involved project planning and staffing, and identification of differences between current Canadian GAAP and IFRS. Currently, the identified areas of accounting difference of highest potential impact to Fortis are rate-regulated operations, property plant and equipment, investment property, intangible assets, employee benefits, impairment of assets, income taxes, business combinations, and initial adoption of IFRS under the provisions of IFRS 1 - First-Time... (CCNMatthews Press Releases)
Neace Lukens ranked 30th-largest U.S. insurance broker Aug 8, 2008
Neace Lukens provides property, casualty and personal lines of insurance as well as surety bonds, employee benefits and risk management consulting. The company has more than 135 licensed agents and 500 employees among 10 offices in Kentucky, Indiana, Tennessee, Ohio and Michigan. (Louisville Business First, KY)
SMB Disaster Recovery Insurance Plan Aug 7, 2008
More than 150 carriers rely on it for personal and commercial insurance, as well as health, life and employee benefits. To cope with steady growth and further safeguard its data, Yates investigated the possibility of moving to a faster backup platform and establishing a co-located data center off site. (SmallBusinessComputing)
DRB Benefits joins Chamber Supporting Trustees Aug 7, 2008
Since 1989, Billsborough's company, located in downtown Winter Garden, has specialized in the administration, oversight and management of custom-designed, tax-advantaged employee benefits programs. "David has been an active member of the West Orange Chamber, serving on both the Small Business Development Committee and Governmental Affairs Committee," said Dr. Diane Trees, chairman-elect of the West Orange Chamber, chairman of the Chamber's Trustee Committee and assistant vice president of... (Winter Garden West Orange Times, FL)
CEO Dale Walters gets a kick out of hard work Aug 7, 2008
After graduation in 1989, he worked for numerous companies, including , where he specialized in international tax, employee benefits and financial planning. He became a certified public accountant in 1992 and joined Keats, Connelly & Associates in 1994. (Phoenix Business Journal, AZ)
Dealing with a sea change Aug 7, 2008
Advice may also be furnished in respect of providing employee benefits such as retirement benefits for staff in the business. In conclusion, the legal and regulatory environment relating to financial planning is constantly changing. (iAfrica.com)
Investors Title Company Announces Second Quarter 2008 Results Aug 7, 2008
Investors Title Company and Subsidiaries Consolidated Statements of Income June 30, 2008 and 2007 (Unaudited) For The Three For The Six Months Ended Months Ended June 30 June 30 ------------------------ ------------------------ 2008 2007 2008 2007 ---- ---- ---- ---- Revenues: Underwriting income: Premiums Written $18,178,892 $18,715,760 $36,082,654 $35,590,737 Less-premiums for reinsurance ceded 50,910 89,581 141,312 172,016 ----------- ----------- ----------- ----------- Net premiums written... (Primezone Releases)
HealthSouth Reports Strong Results for Second Quarter Ended June 30, 2008 Aug 6, 2008
-- Finally, recognizing the importance of our employees, coupled with our desire to improve retention and reduce turnover at our hospitals, we made an investment in our people in 2008 by enhancing a variety of employee benefits (e. g., increasing the employer matching contributions to our 401(k) savings plan, providing benefits to part-time employees, and improving medical plan benefits without passing along any cost increase to our employees), which resulted in an increase in our benefit costs. (PR Newswire)
Physical Therapist / PT $5,000 Sign on Bonus! Aug 6, 2008
With a large network of programs in diverse care settings, advanced training, competitive compensation and a full range of employee benefits, we have an opportunity for you. Job Description Physical Therapist. (Florida Today)
* Workers favor Citi, Google, 3M Aug 5, 2008
DREAM JOB: Local workers said foreign firms offer better employee benefits and career prospects, but a local job bank said big, local firms are starting to match them ... About 80 percent of local workers would like to work in foreign companies because they offer better employee benefits and career prospects, with the US and Japanese companies being respondents top two choices, the survey said. (Taipei Times, Taiwan -- World)
Fed. officials allege misuse of funds (8:40 a.m.) Aug 5, 2008
"The employees of Farrell Associates are counting on this pension plan for their future retirement benefits," said Bradford P. Campbell, assistant secretary of the department's Employee Benefits Security Administration. "The law is very clear that plan assets cannot be used to pay personal and corporate expenses unrelated to the operations of the plan.". (New Haven Register, CT)
Flagler tries to tame health costs Aug 4, 2008
It brings employee benefits and costs closer to those offered by other government entities in the state, Mayer said. "We're getting there," Mayer said, but health benefits in Flagler County are still better than its counterparts elsewhere. (Daytona Beach News Journal)
Bank hits $100 million on first birthday Aug 4, 2008
In the six months ending June 30, California Bank of Commerce saw total expenses for salaries and employee benefits of $1. 75 million and total non-interest expenses of $2. (East Bay Business Times, CA)
Chrysler LLC Statement Regarding the Company's Second Quarter and Half Year Financial Performance Aug 2, 2008
"Chrysler's negative product mix, largely driven by trucks and SUVs, was off-set in the first half with a positive mix which includes the effects from substantially reduced fleet sales; the effects of new products -- the all-new Chrysler and Dodge minivans, Dodge Journey and Jeep Liberty and the elimination of unprofitable models (Chrysler PT Cruiser Convertible, Pacifica and Crossfire and the Dodge Magnum)." * Voluntary Employee Benefits Association. SOURCE Chrysler LLC. (PR Newswire)
Commissioners focus on employee benefits Aug 2, 2008
They are also scheduled to hear from Tom Mathis about commercial development and zoning, along with Randy Bailey from Henriott Group, regarding employee benefits. The sheriff and the staff leading the detention center project are then scheduled to give an update. (Rensselaer Republican, IN)
EuroBancshares, Inc. Reports Financial Results for the Second Quarter Ended June 30, 2008 Aug 1, 2008
In connection with the TE outsourcing agreement, the Bank had a reduction of $308,000 in related salaries and employee benefits, and a reduction of $42,000 in expenses related to compliance with Section 404 of the Sarbanes Oxley Act of 2002, both experienced during the six months ended June 30, 2008, and estimated year-to- date savings of $208,000 in other operational costs, all transferred to TE. (iv) a $159,000 and $353,000 increase in insurance expense for the quarter and six months period... (PR Newswire)
Saugus longshoreman sentenced for Massport fraud Aug 1, 2008
Investigators from the U.S. Department of Labor Employee Benefits Security Administration and Office of Labor Racketeering and Fraud Investigations assisted in this investigation. The case was prosecuted by Assistant Attorneys General James O Brien, Marc Jones, and David Waterfall of Attorney General Coakley s Corruption & Fraud Division, with assistance from Massachusetts State Police assigned to the Attorney General's Office. (Saugus Advertiser, MA)
Supervisors work on county budget Aug 1, 2008
Jason Collum of Tupelo, a representative of Nick Floyd iates insurance firm, presented the board with an employee benefits proposal. Karen McGregor of Affordable Employee Benefits LLC reviewed it with supervisors later in the meeting; no action was taken. (Webster Progress-Times, MS)
IMERYS - First-Half 2008 Consolidated Results Jul 31, 2008
8 Provision for employee benefits 153. 6 211. (PR Newswire)
LandAmerica Reports Second Quarter 2008 Results Jul 30, 2008
4 Salaries and employee benefits 160 ... 7 Salaries and employee benefits 262 ... 0 Salaries and employee benefits 339. (PR Newswire)
> Should employers be allowed to mandate healthy after-work lifestyles? Jul 30, 2008
Christina King - Employee benefits adviser, Haughn & Associates Inc. Yes. (Columbus Business First, OH)
Mervyns files Chapter 11 Retail chain to keep operating while it... Jul 30, 2008
The court filing seeks permission to continue paying wages and salaries and to provide employee benefits without interruption. Mervin Morris opened the first Mervyns (spelling of his name was changed) store in San Lorenzo in July 1949. (San Francisco Chronicle -- Business)
Discontented brokers form their own firm Jul 30, 2008
The firm already has an in-house attorney and plans call for the addition of a certified public accountant, a mortgage broker and an employee benefits specialist ... "The mortgage brokerage and the CPA should come on during the next quarter. The employee benefits person we already have an informal agreement with. All of those should be up and running by the end of the year.". (Albany Business Review, NY)
State Bancorp, Inc. Reports Second Quarter Earnings and Declares Cash Dividend of $0.10 Jul 30, 2008
2 million compared to the second quarter of 2007, primarily the result of the Company recording a one-time charge to salaries and other employee benefits of $3 ... 2% in the second quarter of 2008 versus the comparable 2007 period, primarily due to reductions in salaries and other employee benefits of $1 ... The decrease in salaries and other employee benefits is primarily the result of a year over year reduction in full-time equivalent headcount of 14%, including the impact of the recently... (Primezone Releases)
EMBARQ Reports Solid Second Quarter Income and Cash Flow Jul 30, 2008
0 Embarq Corporation Condensed Consolidated Balance Sheets ($ in millions) June 30, December 31, 2008 2007 (unaudited) Assets Cash and equivalents $50 $69 Accounts receivable, net 581 616 Inventories, net 119 138 Prepaid expenses and other current assets 165 163 Total current assets 915 986 Net property, plant and equipment 7,589 7,748 Prepaid pension asset 130 108 Other noncurrent assets 72 59 Total noncurrent assets 7,791 7,915 Total assets $8,706 $8,901 Liabilities and stockholders' equity... (Yahoo! Wire -- Entertainment News)
HF Financial Corp. Quarterly Earnings Per Share Increase 48%; Announces Increased Quarterly Dividend Jul 29, 2008
Compensation and employee benefits increased $1 ... HF Financial Corp. Selected Consolidated Operating Highlights (Dollars in Thousands, Except per Share Data) (Unaudited) Three Months Ended Years Ended June 30, June 30, 2008 2007 2008 2007 Interest, dividend and loan fee income: Loans and leases receivable $12,785 $13,941 $53,972 $54,344 Investment securities and interest-earning deposits 2,777 1,832 9,202 7,530 15,562 15,773 63,174 61,874 Interest expense: Deposits 4,589 7,337 24,692 28,505... (PR Newswire)
Feds propose rules to show 401(k) costs Jul 29, 2008
"The purpose of this disclosure is so you can make informed decisions among options in your plan," says Bradford Campbell, an assistant secretary of labor for employee benefits. "Right now, most people don't get any of this at all.". (San Francisco Chronicle -- Business)
Gov't moves to restore Celil's wife's benefits Jul 29, 2008
I can assure you if their hefty employee benefits were threatened they would suddenly find all the reason in the world to go out of their way to go beyond "POLICY" to find a solution. The culture within OUR civil service needs an attitude change. (CTV.ca)
Two brothers plead guilty to stealing funds and patient neglect at five nursing homes they formerly owned Jul 29, 2008
Investigators from the Attorney General s Medicaid Fraud and Fair Labor Division investigated the case, with assistance from the United States Department of Labor, Employee Benefits Security Administration. The Massachusetts State Police and Massachusetts Insurance Fraud Bureau also assisted with this case. (Weymouth News, MA)
Chemical Financial Corporation Reports Second Quarter 2008 Earnings Jul 28, 2008
Consolidated Statements of Financial Position (Unaudited) Chemical Financial Corporation (In thousands, except June 30 Dec 31 June 30 per share data) 2008 2007 2007 --------------------------------------------------------------------- Assets: Cash and cash equivalents: Cash and cash due from banks $ 110,050 $ 125,285 $ 103,910 Federal funds sold 8,000 58,000 86,200 Interest-bearing deposits with unaffiliated banks 4,827 6,228 5,487 ---------- ---------- ---------- Total cash and cash equivalents... (Primezone Releases)
Old National Reports Second-Quarter Earnings of $19.5 Million, or $.30 Per Share Jul 28, 2008
Increases from prior periods are primarily attributable to salaries and employee benefits as well as occupancy expenses. Rent expense, primarily relating to the sale leaseback transactions, amounted to $6. (Primezone Releases)
American Behavioral Inc., Brookwood Medical Center, Children's Health System Jul 27, 2008
Some of Brookwood's most attractive employee benefits cover workers' mental health, offering support in difficult times. The company offers confidential counseling for employees and their families. (Birmingham Business Journal, AL)
Southside Bancshares, Inc. Announces Record Earnings for the Three and Six Months Ended June 30, 2008 Jul 26, 2008
The increase in noninterest expense was primarily a result of the increase in salaries and employee benefits, occupancy expense and other expense. The increase in salaries and employee benefits for the three months ended June 30, 2008 were $1 ... 22 LOAN PORTFOLIO COMPOSITION The following table sets forth loan totals by category for the periods presented: At At At June 30, December 31, June 30, 2008 2007 2007 (in thousands) (unaudited) Real Estate Loans: Construction $97,083 $96,356 $46,876 1-4... (PR Newswire)
First Financial Northwest, Inc. Reports Second Quarter 2008 Net Income of $2.2 Million, or $0.10 Per Share Jul 26, 2008
The increase in the second quarter of 2008 was attributable to a $919,000 increase in salary and employee benefits ... Included in employee benefits expense for the second quarter was the additional expense of the Employee Stock Ownership Plan of $429,000, which did not exist in the second quarter of 2007 ... The increase in the six months ended June 30, 2008 from the same period in 2007 is attributable to increases to salary and employee benefits and additional expenses for reporting... (Primezone Releases)
