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The Boston Business Journal (Free subscription) | 09/25/2008
The executive exodus at student loan concern First Marblehead Corp. saw its ranks rise Monday when Chief Financial Officer John A. Hupalo announced his intention to resign from the company, according to a regulatory filing made public Thursday. First Marblehead said Kenneth S. Klipper, a senior finance executive at the company, has been named Hupalo’s successor as CFO. The Boston-based...
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The Boston Business Journal (Free subscription) | 09/18/2008
Key senior executives at troubled student loan company First Marblehead Corp. (NYSE: FMD) are leaving the company at the end of this month, while former Chief Executive Jack Kopnisky receives a golden parachute in the wake of the company’s collapsed share price. (FMD)
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Seeking Alpha (Free subscription) | 08/27/2008
John C. Lee submits: On Thursday, August 21 after-hours, First Marblehead Corp. (FMD) reported a Q4 loss of $0.57 per share or $56.7 million vs. positive earnings of $0.83 per share or $78 million. Analysts expected a loss of $0.39 per share, widely missing expectations. Revenue fell from $197.1 million to negative $40.4 million a year ago. Shares fell nearly 9% ahead of earnings and...
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The Boston Business Journal (Free subscription) | 08/22/2008
Troubled student loan company First Marblehead Corp. (NYSE: FMD) lost $235.1 million during fiscal 2008 and posted negative revenue after the estimated value of receivables plummeted, the company reported Thursday after the market closed. (FMD)
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Red Orbit (Free subscription) | 08/21/2008
BUSINESS IN BRIEF MEYERS TO RETURN TO FIRST MARBLEHEAD BOSTON - First Marblehead Corp. co-founder Daniel Meyers will return to the struggling student loan services company as its new CEO on Sept. 1.
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Mark Investments (Free subscription) | 08/19/2008
First Marblehead Corp. (FMD: News, Chart, Quote ) announced that affiliates of GS Capital Partners, or “GSCP”, completed a $132.7 million cash equity investment in the company, pursuant to the company’s investment agreement with GSCP, dated December 21, 2007. The company added that Daniel Meyers would return to the company effective immediately, and beginning September 1, [...]
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The Boston Business Journal (Free subscription) | 08/18/2008
First Marblehead Corp. said Monday that CEO Jack Kopnisky will resign at the end of the month and Dan Meyers, the company’s once-discredited co-founder and former CEO, will return to run the troubled student loan company. (FMD)
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EmailWire.Com (Free subscription) | 09/30/2008
(EMAILWIRE.COM, September 30, 2008 ) DALLAS, Texas Beacon Equity Research announces the release of a Trade Alerts covering recent analyst upgrade notables: Research in Motion Ltd. (Nasdaq: RIMM), F5 Networks Inc. (Nasdaq: FFIV), First Marblehead Corp. (NYSE: FMD), R.H. Donnelley Corp. (NYSE: RHD),...
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PR News Wire (Free subscription) | 09/29/2008
DALLAS, Sept. 29 /PRNewswire/ -- BeaconEquity.com announces the
availability of Trade Alerts on stocks making news today.
Investors can view all of the daily trading notes for free by visiting:
Today's Trade Alerts include: Research in Motion Ltd. (Nasdaq: ),
F5 Networks Inc. (Nasdaq: ), First Marblehead Corp. (NYSE: ), R.H.
Donnelley Corp. (NYSE: ), JPMorgan & Co. (NYSE:...
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Appellate Law & Practice (Free subscription) | 09/08/2008
First Marblehead v. House, No. 07-2789 affirms a jury verdict in an employee stock option case. The First time the case was at the First was here: First Marblehead Corp. v. House, 473 F.3d 1 (1st Cir. 2006) (our coverage...
