Advertisement
HomeCollectionsPrimerica
IN THE NEWS

Primerica

FIND MORE STORIES ABOUT:
FEATURED ARTICLES
BUSINESS
By Thomas Easton and Thomas Easton,New York Bureau | April 14, 1992
NEW YORK -- Fed by a bull market on Wall Street and robust margins between borrowing and lending costs for its Baltimore-based Commercial Credit consumer finance company, Primerica Corp. reported record first-quarter profits yesterday.In a news release, Chief Executive Sanford Weill cited the record profits when overall economic conditions were poor and said: "We believe the quarter's achievements represent an auspicious start to our sixth year as a public company. These outstanding results were combined with significant steps to further streamline our company and divest non-strategic assets."
ARTICLES BY DATE
BUSINESS
By BLOOMBERG NEWS | March 13, 1998
WASHINGTON -- Travelers Group Inc. Chairman and Chief Executive Officer Sanford I. Weill made $220.2 million last year exercising stock options, collecting one of the biggest annual payoffs ever for a U.S. executive.Travelers, the insurance company that owns Salomon Smith Barney and other financial units, also paid Weill $49.9 million in salary, bonus, restricted stock and options, almost double his 1996 compensation of $26.8 million, according to Travelers' proxy statement filed with the Securities and Exchange Commission.
Advertisement
BUSINESS
By New York Times News Service | September 22, 1992
NEW YORK -- Wall Street responded with applause yesterday to the weekend announcement that Primerica Corp. had agreed to buy 27 percent of Travelers Corp. Such a deal would give Travelers a wave of new cash, as well as a vote of confidence from an outside investor.The stock of Travelers, which is based in Hartford, Conn., was up sharply yesterday, rising $3.125, to $20.625.Analysts said the arrangement would put the giant multiline insurer in a better position to contend with weakness in the commercial real estate market and would reassure rating agencies and wary customers of the company's long-term strength.
NEWS
By DAN BERGER | September 29, 1997
Can 700,000 promise-keeping men stand tall in the center of Gomorrah without seizing it?A governor who gets rockfish back in the Giant is re-electable after all.Commercial Credit gobbled Primerica which ate Travelers which wolfed Shearson Lehman and part of Aetna and Salomon, by which time Commercial Credit was invisible.God is on the side of the deep bullpens.Pub Date: 9/29/97
BUSINESS
By Thomas Easton and Thomas Easton,New York Bureau | April 23, 1992
NEW YORK -- Perhaps it was the record earnings, the near-record stock price or the board's decision to raise the dividend 60 percent -- or perhaps it was just the elegant setting in Carnegie Hall.Whatever the reason, Primerica Corp.'s annual meeting yesterday was amiable and brief, interrupted only for laudatory comments from the 80 people amid the famous New York theater's hundreds of seats."When you have a great artist, the hall fills up," said Chief &L Executive Sanford Weill in a moment of reflection after the meeting.
BUSINESS
By Ian Johnson and Ian Johnson,New York Bureau | September 23, 1993
NEW YORK -- In a move that could cap Sandy Weill's power drive back to the top of the financial serv- ices industry, Primerica Corp. said yesterday that it is negotiating a $5 billion merger with The Travelers Corp.The move would involve a swap of stock between Sanford I. Weill's Primerica and The Travelers, one of the nation's largest insurance and financial management companies and also owner the Dillon, Read & Co. investment firm. The new company would keep the better-known name of The Travelers, have annual sales of $6 billion and offer services ranging from selling stock to insuring homes.
BUSINESS
By Thomas Easton and Thomas Easton,New York Bureau | April 23, 1992
NEW YORK -- Perhaps it was the record earnings, the near-record stock price or the board's decision to raise the dividend 60 percent -- or perhaps it was just the elegant setting in Carnegie Hall.Whatever the reason, Primerica Corp.'s annual meeting yesterday was an amiable, brief affair, interrupted only for laudatory comments from the 80 people spread throughout the famous New York theater's hundreds of seats."When you have a great artist, the hall fills up," said Chief Executive Sanford Weill in a moment of reflection after the meeting.
BUSINESS
January 19, 1993
Despite a mild drop in revenues, Primerica Corp. sai yesterday that strong growth in consumer finance and the sale of assets boosted its earnings 22 percent to a record $593 million last year.The New York-based company, which employs 400 at its Consumer Credit division in Baltimore, saw revenues drop primarily because of the weak performance of its Wall Street operations, but finished the year in the "strongest capital position ever," said Sanford I. Weill, Primerica's chairman and chief executive.
BUSINESS
By Thomas Easton and Thomas Easton,New York Bureau of The Sun | April 2, 1991
NEW YORK -- Baltimore-based Commercial Credit continues to thrive, but Primerica Corp., the financial services conglomerate grafted on top in a 1988 merger, has been something of a flop, according to an article in Forbes magazine that hits newsstands today.On the cover, beside a headline reading "Did he get taken this time?" is a morose-looking Sanford I. Weill, chief executive of New York-based Primerica who made his reputation merging a string of brokerage firms into the company now known as Shearson Lehman Bros.
BUSINESS
By Ian Johnson and Ian Johnson,New York Bureau | June 29, 1993
NEW YORK -- As part of a continued shake-up in the wake of its recent expansion, Primerica Corp. named two new executives yesterday to head its Baltimore-based Commercial Credit Co.The move elevates President Robert B. Willumstad, 47, to chairman and chief executive, while former executive Vice President Marjorie Magner, 44, was named president and chief administrative officer.Although the promotions were not directly related to Primerica's recent $1 billion acquisition of the Shearson brokerage unit from the American Express Co., they were the most recent in a monthlong restructuring of Primerica to accommodate its new size.
BUSINESS
January 25, 1994
Primerica Corp.*Ticker ... ... ... ... ... ... Yesterday's.. .. Symbol .. ... ... ... ... ... Cls. ... ... Chg... .. TRV ... ... ... ... .. .. ... 39 1/2 .. .. .. + 1/4Period endedDec. 31 ... ... ... 4th qtr. .. ... Year ago ... ... Chg.Revenue ... ... ... $2,195,300 .. .. $1,269,000 .. .. +73.0%Net Income ... ... $297,900 .. .. .. $221,300 ... ... +34.6%Primary EPS .. ... $1.19 ... ... ... $0.96 ... ... .. +24.0%... ... ... .. ... Year .. .. .. ... Year ago ... ... Chg.Revenue ... .. ... $6,796,900 .. ... $5,125,000 .. .. +32.6%Net Income ... ... $915,600 .. .. .. $728,100 ... ... +25.8%Primary EPS .. ... $3.74 ... ... ... $3.22 ... .. ... +16.1%Figures in thousands (except per share data.
BUSINESS
December 23, 1993
Bethlehem to sell mills at 2 sitesBethlehem Steel Corp. said yesterday that it had signed an agreement to sell its shuttered rolling mills and bar mills in Johnstown, Pa., and Lackawanna, N.Y., to an affiliate of New York-based Veritas Capital Inc.The sale does not include the rod mill at Bethlehem's Sparrows Point plant, which is being marketed separately, the company said. Bethlehem closed the rolling mills division, including the Sparrows Point rod mill, in August 1992, idling about 1,700 workers in all. About 340 lost jobs here.
BUSINESS
By Ian Johnson and Ian Johnson,New York Bureau | September 23, 1993
NEW YORK -- In a move that could cap Sandy Weill's power drive back to the top of the financial serv- ices industry, Primerica Corp. said yesterday that it is negotiating a $5 billion merger with The Travelers Corp.The move would involve a swap of stock between Sanford I. Weill's Primerica and The Travelers, one of the nation's largest insurance and financial management companies and also owner the Dillon, Read & Co. investment firm. The new company would keep the better-known name of The Travelers, have annual sales of $6 billion and offer services ranging from selling stock to insuring homes.
BUSINESS
July 29, 1993
Northwest union OKs concessionsA month after rejecting a similar deal, Northwest Airlines' largest union yesterday approved a package of concessions that will give the troubled carrier some financial breathing room. The givebacks were ratified by 81 percent of the members of the International Association of Machinists, the union said.Durables orders rise 3.8% in JuneOrders to factories for durable goods, such as cars and computers, rose during June at the fastest clip in six months, but analysts were less than impressed because the increase came mostly in the volatile aircraft industry.
BUSINESS
By Ian Johnson and Ian Johnson,New York Bureau | June 29, 1993
NEW YORK -- As part of a continued shake-up in the wake of its recent expansion, Primerica Corp. named two new executives yesterday to head its Baltimore-based Commercial Credit Co.The move elevates President Robert B. Willumstad, 47, to chairman and chief executive, while former executive Vice President Marjorie Magner, 44, was named president and chief administrative officer.Although the promotions were not directly related to Primerica's recent $1 billion acquisition of the Shearson brokerage unit from the American Express Co., they were the most recent in a monthlong restructuring of Primerica to accommodate its new size.
BUSINESS
June 25, 1993
Tokyo trade talks falterThe leading industrial nations failed yesterday to agree on how to liberalize trade, dealing a setback to hopes of completing negotiations for a comprehensive global accord late in the year.Trade ministers from the United States, Canada, Japan and the European Community had hoped in a two-day session in Tokyo to forge an ambitious agreement that would reduce tariffs and other barriers on hundreds of products, with the intention of announcing the accord at the economic summit meeting in Tokyo next month of the Group of Seven industrial nations.
BUSINESS
By Thomas Easton and Thomas Easton,New York Bureau | April 23, 1992
NEW YORK -- Perhaps it was the record earnings, the near-record stock price or the board's decision to raise the dividend 60 percent -- or perhaps it was just the elegant setting in Carnegie Hall.Whatever the reason, Primerica Corp.'s annual meeting yesterday was an amiable, brief affair, interrupted only for laudatory comments from the 80 people spread throughout the famous New York theater's hundreds of seats."When you have a great artist, the hall fills up," said Chief Executive Sanford Weill in a moment of reflection after the meeting.
BUSINESS
January 25, 1994
Primerica Corp.*Ticker ... ... ... ... ... ... Yesterday's.. .. Symbol .. ... ... ... ... ... Cls. ... ... Chg... .. TRV ... ... ... ... .. .. ... 39 1/2 .. .. .. + 1/4Period endedDec. 31 ... ... ... 4th qtr. .. ... Year ago ... ... Chg.Revenue ... ... ... $2,195,300 .. .. $1,269,000 .. .. +73.0%Net Income ... ... $297,900 .. .. .. $221,300 ... ... +34.6%Primary EPS .. ... $1.19 ... ... ... $0.96 ... ... .. +24.0%... ... ... .. ... Year .. .. .. ... Year ago ... ... Chg.Revenue ... .. ... $6,796,900 .. ... $5,125,000 .. .. +32.6%Net Income ... ... $915,600 .. .. .. $728,100 ... ... +25.8%Primary EPS .. ... $3.74 ... ... ... $3.22 ... .. ... +16.1%Figures in thousands (except per share data.
BUSINESS
By New York Times News Service | June 25, 1993
The Primerica Corp., bidding to add investment-banking firepower to the vast brokerage forces being mustered at Smith Barney Shearson, hired Robert F. Greenhill, the former president of Morgan Stanley, as the unit's chairman and chief executive yesterday.Mr. Greenhill plans to scour Wall Street for more deal-makers and to try to lure clients, including General Motors and IBM, away from Morgan Stanley.Primerica's $1 billion purchase of the Shearson brokerage from American Express, to be completed by the end of next month, would give its new Smith Barney Shearson unit the second-largest broker count in the nation, just behind Merrill Lynch.
BUSINESS
April 20, 1993
Chrysler Corp.With a new line of cars and a fresh dose of cost-cutting taking hold, Chrysler Corp. reported a strong first-quarter gain yesterday.Profits from Chrysler's operations reached $530 million, a healthy performance obscured by a $4.7 billion one-time cost to account for future retiree health benefits.The noncash accounting charge, which all companies have to record, resulted in a loss of $4.15 billion, or $12.81 a share, for the No. 3 automaker. Before the accounting change, Chrysler's per share earnings were $1.57.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.