Financial Services
Financial Services
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Banks Increase Direct Mail Advertising
Banks typically increased direct mail advertising volume during the third quarter, according to Mintel Comperemedia. ...
ValueClick Secures $100 Million Line Of Credit
ValueClick Inc. has received a revolving credit facility of up to $100 million, which it can tap at any time through Nov. 14, 2011...
Vertis Gets $250 Million Loan From GE
Vertis Communications has received a $250 million senior secured plan of reorganization credit facility from GE Commercial Finance....
M&F Worldwide Income Surges
M&F Worldwide Corp. posted net income of $20.1 million for the third quarter, a surge over net income of $10.1 million in the prior year....
Google’s Fortunes Unfazed By Economy
Google Inc. generated $5.54 billion in revenue during third-quarter 2008, up from $4.23 billion in third quarter 2007 and $5.37 billion in second-quarter 2008. The company’s net income for the quarter was $1.35 billion, up from $1.07 billion a year ago and $1.25 billion in second-quarter 2008. ...
Williams Sonoma CEO Sells 14% Of Stock
Lester Howard, chairman and CEO of multichannel marketer Williams-Sonoma, sold 1 million shares of his company’s stock in two separate transactions during this past week. The ...
Live From DMA08: DMA Forecast Sees Stronger 2009
In direct marketing there is financial strength -- at least, more so than for the economy at large. In 2009, U.S. sales will grow by 3.8%, to $30.96 trillion. But DM sales will jump by 4.5%, to just under $2.15 trillion, according to new research from the Direct Marketing Association....
Canterbury Graphics Takes Stake in Tri-Media Integrated Marketing Technologies
Canterbury Graphics Strategic Marketing, a direct-marketing agency, has acquired an ownership position in marketing technologies firm Tri-Media Integrated Marketing Technologies...
Media Applications Provider Whoop Acquires XOsphere
Whoop, Inc. has acquired XOsphere LLC and XOsphere's sister company in Latin America ...
Green Mountain Acquires Tully’s for $40.3 Million
Green Mountain Coffee Roasters, Inc. has acquired the Tully's coffee brand and wholesale business from Tully's Coffee Corp. ...
Bankruptcy Court Approves Vertis’ Reorganization
The U.S. Bankruptcy Court for the District of Delaware has approved Vertis Communication’s prepackaged reorganization plan, as well as that for American Color Graphics. The approval clears the way for Vertis' merger with American Color Graphics. ...
Vin Gupta Out As InfoGroup’s CEO
Vinod Gupta, who founded infoGroup (then infoUSA) in 1972, has resigned as the company’s CEO, effective Wednesday. Bill L. Fairfield, the lead independent director on infoGroup’s board, has been named infoGroup’s CEO...
Valassis Sells French Operations to HighCo
Valassis has sold its French subsidiaries to HighCo, a French marketing services firm. Complete details of the sale...
Revenue, Income Up For Salesforce.com
CRM services and data management firm Salesforce.com generated $263.1 million in revenue during its second quarter, a jump from the $176.6 million it realized in second quarter 2007. ...
Small, Medium Businesses to Increase Ad Spending: Study
Eighty-one percent of all small- to medium-sized businesses will either maintain or increase their level of advertising spending, according to the Local Commerce Monitor, ...
Barclaycard US Names Michelle Bottomley CMO
Barclays PLC has appointed Michelle Bottomley CMO of Barclaycard US, its credit card business in the United States....
Credit Card Mail Volume Drops For Third Consecutive Quarter: Mintel
For the third straight quarter, the number of credit card solicitations mailed to Americans has declined. Acquisition mailings dropped from 1.67 billion pieces in this year’s first quarter to 1.54 billion in the second quarter...
InfoGroup Filings Reveal Direct Media Acquisition Price
InfoGroup, formerly infoUSA, paid $17.4 million for Direct Media Inc., according to recent financial documents. That price does not include $4.9 million in cash acquired, but does include $400,000 in acquisition related costs....
Quebecor, Operating Under Bankruptcy Protection, Announces Results
Quebecor World Inc., which is operating under Chapter 11 protection in the United States and creditor protection in Canada, generated $976 million in revenue from continuing operations during its second quarter. ...
Mortgage, Home Equity Direct Mail Drop By Half: Study
Mortgage and home equity lenders sent approximately 750 million secured loan offerings between January and June 2008, half the 1.5 billion during the first six months of 2007, according to a new study...
Lenox Group Hasn’t Found Buyer
Lenox Group Inc., which has been exploring strategic alternatives since Jan. 14, announced on Monday that it had been unsuccessful in finding a buyer for the entire company ...
Martha Stewart Fortunes Grow As Internet Business Gains Toehold
Martha Stewart Living Omnimedia Inc. reported $77.1 million in second-quarter revenue, up from $73.4 million a year ago. The company generated net income of $328,000, a turnaround from the $6.6 million loss it sustained in second-quarter 2007. ...
PC Mall’s Sales Rise In Second Quarter
PC Mall Inc. reported $331.2 million during second-quarter 2008, up from $263 million a year earlier. The company’s net income ticked up as well, ...
Vertis: Trade Creditors Will Be Paid In Full
Vertis Communications has received approval from the U.S. Bankruptcy court to pay its “trade creditors” in full, according to a court order. Trade creditors include most direct response vendors, ...
Vertis Chapter 11 Creditors Include Many DM Firms
When Vertis Communications filed for Chapter 11 bankruptcy protection before taking over American Color Graphics (ACG), creditors shuddered. Papers filed Tuesday in the U.S. Bankruptcy Court, District of Delaware, give a hint as to how costly those shudders are going to be. Vertis’s top 30 creditors include at least two direct marketing firms...
