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PeopleAnswers and Real Mex Restaurants, Inc., the largest full service, casual dining Mexican restaurant company in the United States, today announced a new software licensing agreement. Real Mex will use the PeopleAnswers HR solution to pre-screen, select and hire managers who will maintain the highest standards in its 123 locations. “In today’s challenging economy, consumers expect fresh, flavorful food and an outstanding experience when they dine out, and we are committed to delivering both,” said Steven Wallace, executive vice president and chief people officer for Real Mex Restaurants. “As Real Mex begins a new chapter, PeopleAnswers is a proven technology in our industry that will automate a paper-based process while helping us find and select management candidates who will be energized leaders for each of our core brands and help us strengthen our position a... (more)

Selective Insurance Group Reports First Quarter 2014 Earnings

BRANCHVILLE, N.J., April 23, 2014 /PRNewswire/ -- Selective Insurance Group, Inc. (NASDAQ: SIGI) today reported its financial results for the first quarter ended March 31, 2014. Net income per diluted share was $0.31, compared to $0.38 in 2013, and operating income1 per diluted share was $0.23, compared to $0.36 in 2013. "We are pleased with our core operating performance for the first quarter," said Gregory E. Murphy, Chairman and Chief Executive Officer. "Overall net premiums written grew 6%, with standard commercial lines up 7%. Growth continued to be driven by overall renewal pure price, which was up 6.4%. In addition, standard lines retention was a solid 83%. We continue to achieve rate in line with our guidance for the year of 6-7%. "There were several factors that impacted results and the overall statutory combined ratio, which was 100.8%," continued Murphy... (more)

Parke Bancorp, Inc. Announces A 7.6% Increase In First Quarter Earnings

WASHINGTON TOWNSHIP, N.J., April 23, 2014 /PRNewswire/ -- Parke Bancorp, Inc. ("Parke Bancorp") (NASDAQ: PKBK), the parent company of Parke Bank, announced its operating results for the quarter ended March 31, 2014. Parke Bancorp reported net income available to common shareholders of $2.03 million or $0.29 per diluted common share for the quarter ended March 31, 2014, compared to $1.88 million, or $0.32 per diluted common share, for the quarter ended March 31, 2013, an increase of 7.6%. The following is a recap of significant items that impacted the first quarter of 2014 compared to the same quarter last year: a $513,000 increase in net interest income primarily attributable to higher loan volume and lower deposit rates; a $178,000 increase in the gain on the sale of investment securities; a $185,000 increase in compensation and benefits expense due to increased st... (more)

F.N.B. Corporation Reports Continued Revenue Growth and Record Net Income

HERMITAGE, Pa., April 23, 2014 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) today reported first quarter of 2014 results.  Net income available to common shareholders for the first quarter of 2014 totaled $32.2 million, or $0.20 per diluted common share.  Comparatively, fourth quarter of 2013 net income totaled $28.4 million, or $0.18 per diluted common share, and first quarter of 2013 net income totaled $28.5 million or $0.20 per diluted common share.  Operating[1] results are presented in the table below, "Quarterly Results Summary". Vincent J. Delie, Jr., President and Chief Executive Officer, commented, "Our ability to deliver consistent operating performance and high-quality earnings highlights the strength of FNB's growing franchise.  During the first quarter, we continued to grow revenue, loans and deposits, maintain a stable core net interest margin, post... (more)

Time Warner Cable Reports 2014 First-Quarter Results

Time Warner Cable Inc. (NYSE:TWC) today reported financial results for its first quarter ended March 31, 2014. Time Warner Cable Chief Executive Officer Rob Marcus said: “I’m very pleased with our performance this quarter. Our residential subscriber growth was the best in five years and our business services revenue growth was close to 25 percent. These results underscore our commitment to deliver on our financial and operating plan as we prepare for our merger with Comcast.” SELECTED CONSOLIDATED FINANCIAL RESULTS     (in millions, except per share data; unaudited)       1st Quarter   Change 2014   2013 $   % Revenue $ 5,582 $ 5,475 $ 107 2.0 % Adjusted OIBDA(a) $ 1,980 $ 1,912 $ 68 3.6 % Operating Income(b) $ 1,092 $ 1,060 $ 32 3.0 % Diluted EPS(c) $ 1.70 $ 1.34 $ 0.36 26.9 % Adjusted Diluted EPS(a) $ 1.78 $ 1.41 $ 0.37 26.2 % Cash provided by operating activitie... (more)

CC Media Holdings, Inc. Reports Results for 2014 First Quarter

CC Media Holdings, Inc. (OTCBB:CCMO) today reported financial results for the first quarter ended March 31, 2014. “We continued to make progress this quarter in advancing our strategy of providing customized, multi-platform market solutions that nobody else can,” Chairman and Chief Executive Officer Bob Pittman said. “In keeping with our promise to be everywhere our listeners want to find us, our Media+Entertainment business continued to build strong partnerships – making iHeartRadio available on Amazon Fire TV, Apple’s Car Play and the Samsung Gear 2 smartwatch. Our growing events business, which is extending the iHeartRadio brand across an increasing number of media platforms, successfully staged the first-ever iHeartRadio Country Music Festival in Austin. Another newcomer to our events line-up, the iHeartRadio Music Awards, will be televised live from Los Angele... (more)

Microsemi Reports Fiscal Second Quarter 2014 Results

ALISO VIEJO, Calif., April 24, 2014 /PRNewswire/ -- Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today reported unaudited results for its second quarter of fiscal 2014 ended March 30, 2014. Net sales for Microsemi's second quarter of fiscal 2014 were $287.0 million. GAAP gross margin, reflecting the effect of non-cash purchase accounting adjustments, was 50.7 percent and GAAP operating margin was 1.4 percent. GAAP net loss for the second quarter of fiscal 2014 was $8.7 million or $0.09 per diluted share. Subsequent to the end of the second quarter, Microsemi completed term loan principal payments of $70.0 million, for a total of $100.0 million for fiscal year 2014 to date. For the second quarter of fiscal 2014, non-GAAP gross margin was 55.2 percent and favorable t... (more)

Chubb Reports First Quarter Net Income per Share of $1.80; Operating Income per Share Is $1.50; Combined Ratio of 93.2% Includes 6.6 Point Impact of Catastrophes

WARREN, N.J., April 24, 2014 /PRNewswire/ -- The Chubb Corporation (NYSE: CB) today reported that net income in the first quarter of 2014 was $449 million, compared to $656 million in the first quarter of 2013.  First quarter net income per share was $1.80 in 2014 and $2.48 in 2013. Operating income, which the company defines as net income excluding after-tax realized investment gains and losses, was $374 million in the first quarter of 2014 and $566 million in the first quarter of 2013.  First quarter operating income per share was $1.50 in 2014 and $2.14 in 2013. Chubb's results for the first quarter of 2014 were adversely affected by catastrophe losses of $199 million before tax ($0.52 per share after tax) related mostly to severe winter weather in the United States.  In the first quarter of 2013, the adverse impact of catastrophes was $18 million before tax ($0.... (more)

Horace Mann Reports First Quarter 2014 Operating EPS Of $0.65

SPRINGFIELD, Ill., April 24, 2014 /PRNewswire/ -- Horace Mann Educators Corporation (NYSE: HMN) today reported financial results for the three months ended March 31, 2014: Horace Mann Financial Highlights Three months ended March 31, ($ in millions, except per share amounts) 2014 2013 Change Total revenues $261.2 $254.6 2.6% Net income 28.4 27.0 5.2% Net income per diluted share 0.67 0.66 1.5% Operating income* 27.3 22.6 20.8% Operating income per diluted share* 0.65 0.55 18.2% Book value per share 29.47 31.81 -7.4% Book value per share excluding the fair value adjustment for investments*   24.27   22.38   8.4% Property and Casualty segment net income 14.0 10.2 37.3%     Property and Casualty combined ratio 93.7% 97.2% -3.5 pts     Property and Casualty underlying combined ratio* 92.1% 95.4% -3.3 pts Annuity segment net income $   ... (more)

First Potomac Realty Trust Reports First Quarter 2014 Results

BETHESDA, Md., April 24, 2014 /PRNewswire/ -- First Potomac Realty Trust (NYSE: FPO), a leader in the ownership, management, development and redevelopment of office and business park properties in the greater Washington, D.C. region, reported results for the three months ended March 31, 2014. Logo - http://photos.prnewswire.com/prnh/20130604/MM26388LOGO First Quarter 2014 and Subsequent Highlights Reported Core Funds From Operations of $13.4 million, or $0.22 per diluted share. Executed 257,000 square feet of leases, including 145,000 square feet of new leases. Signed an 82,000 square foot lease with the GSA at Atlantic Corporate Park, a 220,000 square foot office property, bringing the property to 81.3% leased. Increased leased percentage on consolidated portfolio to 88.9% from 86.3% at March 31, 2013, and increased leased percentage on strategic hold portfolio to... (more)

IDEXX Laboratories Announces First Quarter Results

WESTBROOK, Maine, April 25, 2014 /PRNewswire/ -- IDEXX Laboratories, Inc. (NASDAQ: IDXX) today reported that revenues for the first quarter of 2014 increased 8% versus the prior year period to $360.2 million. Organic revenue growth1 was also 8%. Earnings per diluted share ("EPS") for the quarter ended March 31, 2014 increased 10% from the prior year period to $0.89. The first quarter of 2013 included the retroactive extension of the federal research and development tax credit, and the associated tax benefit related to that quarter, which added $0.06 to first quarter 2013 EPS, and a loss resulting from a third-party service provider's bankruptcy, which reduced first quarter 2013 EPS by $0.05. As the research and development tax credit expired as of January 1, 2014, no benefit from this provision was included in first quarter 2014 results. "In the first quarter we sa... (more)