| Global Payments Enables Discover Network Card Acceptance for its ...
ATLANTA, Nov. 26 /PRNewswire-FirstCall/ -- Global Payments Inc. (NYSE: GPN) , a world leader in payment processing services, announced today that it has activated the first of its Independent Sales Organizations (ISOs) relationships - EVO, Mercury Payments, North American Bankcard and Total Merchant Services - to acquire Discover Network merchants in a manner consistent with Visa's and MasterCard's acquiring programs. When the rollout of this program is finalized, Global's entire merchant portfolio including its ISO channel will have the capability of processing Discover Network card transactions with full customer support services. The company anticipates finalization by the third quarter of calendar 2008. Global Payments will serve as the Discover Network acquiring program sponsor on behalf of the participating ISOs.
Times editor to leave paper
The editor of the Los Angeles Times will leave the paper in a dispute over newsroom cuts, becoming the fourth senior executive in less than three years to depart after resisting budget reductions.
James E. O'Shea, editor since November 2006, said Sunday that he was forced out after disagreeing with Times Publisher David D. Hiller's plan to shrink the newsroom budget.
"We did not share a common vision for the future of the L.A. Times," O'Shea said.
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PNC Reports 2007 Net Income of $1.5 Billion and Adjusted Net Income of ...
PNC Reports 2007 Net Income of $1.5 Billion and Adjusted Net Income of $1.7 Billion Adjusted net income excludes costs of integration, BlackRock incentive shares and Visa litigation PITTSBURGH, Jan. 17 /PRNewswire-FirstCall/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported 2007 net income of $1.5 billion, or $4.35 per diluted share, compared with 2006 net income of $2.6 billion, or $8.73 per diluted share. Net income for 2006 included a $1.3 billion after-tax gain from the BlackRock/Merrill Lynch Investment Managers (MLIM) transaction. Net income for the fourth quarter of 2007 was $178 million, or $.52 per diluted share, compared with $376 million, or $1.27 per diluted share, in the fourth quarter of 2006. "PNC had a good year in 2007 given the operating environment.
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