| Fifth Third Bancorp Reports 2007 Earnings of $2.03 Per Diluted Share
Fifth Third Bancorp Reports 2007 Earnings of $2.03 Per Diluted Share Fifth Third Bancorp (NASDAQ: FITB) today reported 2007 earnings of $1.1 billion, or $2.03 per diluted share, compared with $1.2 billion, or $2.13 per diluted share in 2006. Reported fourth quarter 2007 earnings were $38 million, or $0.07 per diluted share, compared with $325 million, or $0.61 per diluted share in the third quarter of 2007 and $66 million, or $0.12 per diluted share, for the same period in 2006. Reported results included a non-cash estimated charge of $155 million, both pre-tax and after-tax, or $0.29 per share, to lower the current cash surrender value of one of our Bank-Owned Life Insurance ("BOLI") policies. Additionally, quarterly results included a non- cash charge of $94 million pre-tax, or $0.12 per share after-tax, related to Visa members' indemnification of estimated future litigation settlements, as well as $8 million pre-tax, or $0.01 per share after-tax, in acquisition- related costs primarily associated with the acquisition of R-G Crown, which closed in early November.
Mark Carney takes up his mission
David Dodge was in one of his giddy moods in the fall of 2003 when he had lunch with his friend Eddie Goldenberg, a top aide to former prime minister Jean Chrétien. "I just hired my successor," Mr. Dodge said triumphantly, according to the Liberal power broker. "It's this great guy I just got from Goldman." The central bank governor filled in Mr. Goldenberg on how he had lured away a deal maker, Mark Carney, from a plum job at one of the world's leading investment banks, Goldman Sachs. He was thrilled with his coup. But like many people in Ottawa, Mr. Goldenberg had never heard of Mr. Carney. The young Albertan who had spent most of his adult life outside the country was still a mystery man around the capital. More importantly, Mr. Goldenberg felt, he still had a lot to prove before he could be selected by the government and by the central bank's board of directors to be the next governor.
County action needed to halt Kaua‘i’s contribution to climate ...
And it works; ridership has almost doubled over the last three years. The transportation sector in the U.S. is responsible for 27 percent of our greenhouse gas emissions.A 2006 Apollo Kauai survey found that ridership could be increased by increasing service frequency, especially during peak commuter times, and by offering more stops and routes.Energy efficientbuilding codesSetting and enforcing building codes is a traditional municipal activity performed by our county government. Phoenix, Ariz., achieved an 18 percent reduction in residential energy consumption and a corresponding 18 percent reduction in greenhouse gas emissions by enacting the 2004 International Energy Conservation Code Supplement for Residential Construction. Far from increasing the financial burden on home purchasers, Phoenix found the average $1,517 upfront cost increase was paid back in only 3.9 years and a total average life-cycle cost savings of $11,228 per home was achieved.
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