International Business News - Horizon http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Bank operator Horizon Financial Corp. said Friday it cut its quarterly cash dividend by 63 percent to 5 cents per share to preserve capital amid the market turmoil. http://www.ibtimes.com/articles/20081003/horizon-financial-axes-dividend-by-63-percent.htm Fri, 03 Oct 2008 16:32:41 EDT Bank operator Horizon Financial Corp. said Friday it cut its quarterly cash dividend by 63 percent to 5 cents per share to preserve capital amid the market turmoil. http://www.ibtimes.com/articles/20081003/horizon-financial-axes-dividend-by-63-percent.htm Fri, 03 Oct 2008 16:32:41 EDT Horizon Air said Friday that traffic and capacity fell by double-digit percentages in September, compared with the same month a year ago. Horizon, a subsidiary of Alaska Air Group Inc., said September traffic decreased 15.7 percent to 201.1 million revenue passenger miles from 238.6 million flown in the same month a year earlier. http://www.ibtimes.com/articles/20081003/horizon-air-says-traffic-capacity-fell-in-sept.htm Fri, 03 Oct 2008 09:06:51 EDT Shares of First Horizon National Corp. rose Wednesday, along with other financial stocks, as investors were hopeful that a revived financial bailout plan will pass in Congress. http://www.ibtimes.com/articles/20081001/first-horizon-shares-rise-with-other-financials.htm Wed, 01 Oct 2008 17:51:14 EDT Shares of First Horizon National Corp. pared some of their losses from the previous session on Tuesday after the regional bank reiterated that its capital position remains strong despite recent market turmoil. http://www.ibtimes.com/articles/20080930/first-horizon-shares-jump-on-outlook.htm Tue, 30 Sep 2008 10:56:57 EDT Shipping and logistics company Horizon Lines Inc. said Friday it is making a $12.5 million payment toward its revolving credit facility. The company also made a $10 million debt payment in the second quarter. Combined, the payments brought the company's debt on its $250 million revolving credit facility to $157.5 million. http://www.ibtimes.com/articles/20080919/horizon-lines-pays-off-12-5-million-in-debt.htm Fri, 19 Sep 2008 10:05:30 EDT Standard & Poor's on Wednesday lowered its credit rating on First Horizon National Corp. to "BBB" from "BBB+," which is one notch above the lowest level of investment grade debt. http://www.ibtimes.com/articles/20080903/s-p-downgrades-first-horizons-debt-rating.htm Wed, 03 Sep 2008 14:19:10 EDT Shares of First Horizon National Corp. fell, but then recovered Wednesday, even after the regional bank warned that losses from bad debt could exceed the company's previous forecast. http://www.ibtimes.com/articles/20080903/first-horizon-national-falls-on-charge-off-warning.htm Wed, 03 Sep 2008 17:45:26 EDT A federal judge has ordered coal giant Massey Energy Co. to offer new jobs to 85 union miners who lost jobs at a West Virginia mine in 2004. The miners were laid off when Richmond, Va.-based Massey took over the eastern Kanawha County mine after the previous owner, Horizon Natural Resources, went into bankruptcy. http://www.ibtimes.com/articles/20080831/judge-orders-massey-energy-to-rehire-w-va-miners.htm Sun, 31 Aug 2008 19:41:06 EDT Shares of First Horizon National Corp. sank Tuesday, along with the broader market, following two disappointing reports on the economy. First Horizon shares dropped 55 cents, or 4.9 percent, to $10.70. Shares have traded between $4.52 and $32.66 in the past 12 months. http://www.ibtimes.com/articles/20080819/first-horizon-national-shares-tumble.htm Tue, 19 Aug 2008 19:35:15 EDT New Jersey's largest health insurer wants to make a buck. Horizon Blue Cross Blue Shield of New Jersey filed an application Friday to become a for-profit company. Horizon has 3.6 million members. http://www.ibtimes.com/articles/20080815/largest-nj-health-insurer-wants-for-profit-status.htm Fri, 15 Aug 2008 14:00:36 EDT Shares of regional bank First Horizon National Corp. tumbled Wednesday morning as the broader financial services sector fell sharply amid renewed concerns about the health of the mortgage and credit markets. http://www.ibtimes.com/articles/20080806/first-horizon-shares-fall-with-broader-sector.htm Wed, 06 Aug 2008 11:32:09 EDT Shares of First Horizon National Corp. rose Tuesday, as financial stocks moved higher on upbeat economic data and a decline in oil prices. Shares gained 97 cents, or 11.6 percent, to $9.37 shortly before the closing bell. Shares are down 54 percent for the year so far. http://www.ibtimes.com/articles/20080729/last-call-first-horizon-national-jumps.htm Tue, 29 Jul 2008 15:43:30 EDT Ocean shipper Horizon Lines Inc. said Friday its board of directors declared a quarterly cash dividend of 11 cents per share. The dividend is payable Sept. 15 to shareholders of record at the close of business on Sept. 1. http://www.ibtimes.com/articles/20080728/horizon-lines-declares-quarterly-dividend.htm Mon, 28 Jul 2008 13:01:23 EDT Shipping and logistics company Horizon Lines Inc. said Friday its second-quarter earnings fell 24.3 percent on rising fuel costs and soft volume because of poor economic conditions in Puerto Rico. Additionally, the company sharply cut its full-year guidance. http://www.ibtimes.com/articles/20080725/horizon-lines-2q-profit-falls-co-cuts-year-view.htm Fri, 25 Jul 2008 09:43:55 EDT First Horizon National Corp. said Friday it will pay its regular quarterly dividend in shares of common stock. The dividend rate is 3.0165 percent, which means 30.165 new shares will be distributed for every 1,000 shares held. The rate was determined to provide shareholders with new shares having a value of 20 cents for each share held, based on First Horizon's volume weighted average stock price on July 11 of $6.53 per share. http://www.ibtimes.com/articles/20080718/first-horizon-to-pay-dividend-in-stock.htm Fri, 18 Jul 2008 12:30:18 EDT Regional bank First Horizon National Corp. said Tuesday D. Bryan Jordan will take over as president and chief executive of First Horizon and its main banking unit, First Tennessee Bank. http://www.ibtimes.com/articles/20080715/first-horizon-names-new-president-ceo.htm Tue, 15 Jul 2008 09:26:06 EDT Regional bank First Horizon National Corp. said Tuesday it swung to a loss during the second quarter due to a sharp increase for loan-loss provisions. http://www.ibtimes.com/articles/20080715/first-horizon-swings-to-loss-on-loss-provision.htm Tue, 15 Jul 2008 09:14:23 EDT Electronic components maker Avnet Inc. said Monday its offer to buy Horizon Technology Group PLC has been declared unconditional, allowing the deal to proceed. http://www.ibtimes.com/articles/20080630/avnet-to-proceed-with-horizon-acquisition.htm Mon, 30 Jun 2008 09:12:03 EDT Horizon Air, a unit of Alaska Air Group Inc., said Friday that it will reduce service on several routes and eliminate at least two others, blaming rising fuel costs. http://www.ibtimes.com/articles/20080627/horizon-to-reduce-some-flights-eliminate-others.htm Fri, 27 Jun 2008 17:46:15 EDT