Business Services Industry
Two Officers Resign at Fort Worth, Texas-Based Business Finance Company.
Knight Ridder/Tribune Business News, July, 1999 by Fuquay, Jim
Knight Ridder/Tribune Business News
Jul. 3 -- FORT WORTH, Texas -- KBK Capital Corp., a Fort Worth-based small business finance company, said two corporate officers have resigned and the company expects to report a small quarterly loss.
Chairman Robert McGee said an unsuccessful acquisition attempt produced $300,000 in expenses during the year's second quarter, which ended Wednesday.
"This will result in our company reporting a modest loss," McGee said. Wall Street analysts had forecast earnings of 11 cents a share. KBK's announcement came after the close of trading yesterday.
KBK said Chief Financial Officer Jay K. Turner and marketing manager J. Dugan Smith resigned to pursue other interests.
Turner was succeeded by...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
