August 10, 2012
Lincoln Financial Group, the Philadelphia-based insurer, increased its stock repurchase program by $760 million, to reach a $1 billion total. The new total represents about 15 percent of Lincoln's market capitalization, which stood at about $6.5 billion Thursday. With the program, the company directors can decide to buy back stock from shareholders. If used to the fullest, the program could drive up share price and earnings per share by a similar amount. The stock price went up 3.2 percent after the news was released.
May 12, 2015 |
Growing up in the South, Wilford "Will" Fuller, 44, who now commands a hefty salary as head of several divisions of Lincoln Financial Group, worked in a dye house, shoveling athletic socks into bleach vats. "We'd throw them into these big walk-in dryers," Fuller said. "We'd step into the dryer in hundred-degree heat and pitchfork" them out. Fuller now runs Lincoln's $124 billion annuity division and leads the entire company's sales operation, distributing Lincoln's retirement products through finance companies and advisers.
September 1, 2015
The Philadelphia office of Buchanan Ingersoll & Rooney has hired shareholder Alfred W. Zaher and counsel Shawn S. Li. Both will focus their practices on patent and trademark litigation, patent prosecution, licensing, and counseling, and have extensive experience advising multinational clients on protecting IP rights in China. Janice Bond has been named associate director of Stockton Aviation Research and Technology Park by the Stockton University board of trustees.
June 3, 2015 |
Delaware Investments, a Center City money manager with $180 billion in assets under management and 486 employees here, has a new president. Shawn Lytle started Monday, taking over from Patrick Coyne, who has been with Delaware Investments since 1990 and led the firm since 2006. Coyne's retirement was announced in February. Lytle joins Delaware Investments from UBS Global Asset Management, where he worked for 13 years, including the last five as leader of the business in the Americas, Delaware Investments said.
July 23, 2013 |
At a time when economic and civil rights issues are at the forefront in the news, the National Urban League will hold its annual conference in Philadelphia, marking key anniversaries in African American history. The theme of the group's conference, which runs from Wednesday through Saturday at the Pennsylvania Convention Center, is "Redeem the Dream: Jobs Rebuild America. " The event marks the 50th anniversary of the March on Washington, at which the Rev. Dr. Martin Luther King Jr. delivered his iconic "I Have a Dream" speech, and the 150th anniversary of the Emancipation Proclamation.
February 28, 2003 |
They already had their name on the stadium. Now they have a deal with the quarterback. The folks at the Lincoln Financial Group announced yesterday that they had signed a two-year agreement with Donovan McNabb to serve as a company spokesman. Financial terms were not disclosed. As part of the deal, the Eagles quarterback will appear in national and regional ads for Lincoln, promoting both the company and the stadium. Those ads are due in late summer, to coincide with the August opening of the field.
September 17, 2010 |
WASHINGTON - The government says it has raised $213.7 million from the sale of warrants it held in Radnor-based Lincoln National Corp. It is the latest move to recoup costs for taxpayers from the $700 billion financial bailout. The Treasury Department said Friday that it sold 13.05 million warrants at a price of $16.60 per warrant. The government had set a minimum bid price of $13.50 for the warrants, which give the purchaser the right to buy common stock at a fixed price. The government obtained the warrants when it provided $950 million to Lincoln National in July 2009.
May 3, 2005 |
Lincoln National Corp. said its net retail deposits in annuities and mutual funds jumped 40 percent in the first quarter to $2.6 billion. But the Philadelphia insurance company, which does business as Lincoln Financial Group, paid a price for this success, reporting flat earnings from operations of $172.5 million, or 98 cents a share, compared with $175.3 million, or 97 cents a share, in the first quarter of 2004. The company pays commissions and other expenses immediately on new investment deposits, Jon Boscia, Lincoln's chairman and chief executive officer, said in an interview.
September 6, 2000 |
Cigna Corp., Lincoln National Corp., Ernst & Young and SmithKline Beecham are four Philadelphia companies that were named to Working Mother magazine's 100 best companies in America. Lincoln National made it to the top 10 for the second year in a row. The insurer is one of only four companies to be selected for the top 100 list in 14 out of 15 years. Among reasons cited for choosing Lincoln National: The company provides support to several child-care facilities, including $300,000 for the Central Branch YMCA Day Care Center.