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BUSINESS
August 28, 2007 | From Times Wire Services
Activist investor Richard Breeden's quest for seats on H&R Block Inc.'s board got a boost Monday, as three shareholder advisory firms backed the slate of candidates proposed by the former Securities and Exchange Commission chairman. Breeden, a hedge fund investor, said Proxy Governance Inc., Egan-Jones Proxy Services and Taft-Hartley Advisory Services urged shareholders to vote for Breeden and two colleagues at the largest U.S. tax preparer's annual meeting Sept. 6.
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BUSINESS
September 7, 2007 | From Bloomberg News
H&R Block Inc. shareholders elected hedge fund manager Richard Breeden to the board, putting more pressure on the company to shut its sub-prime mortgage unit and sell others not tied to the business of preparing tax returns. Breeden, a former chairman of the Securities and Exchange Commission, and two of his candidates won a majority of the vote Thursday. Results were released at the annual meeting in Kansas City, Mo., where H&R Block, the nation's biggest tax-preparation company, is based.
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BUSINESS
September 7, 2007 | From Bloomberg News
H&R Block Inc. shareholders elected hedge fund manager Richard Breeden to the board, putting more pressure on the company to shut its sub-prime mortgage unit and sell others not tied to the business of preparing tax returns. Breeden, a former chairman of the Securities and Exchange Commission, and two of his candidates won a majority of the vote Thursday. Results were released at the annual meeting in Kansas City, Mo., where H&R Block, the nation's biggest tax-preparation company, is based.
BUSINESS
August 31, 2007 | From Times Wire Services
H&R Block Inc. said Thursday that the sale of its Option One Mortgage Corp. sub-prime lending unit might fall apart because of deteriorating credit markets and a quarterly loss that more than doubled. The largest U.S. tax preparer said that Option One planned to stop offering sub-prime home loans and that private equity firm Cerberus Capital Management might buy just the loan servicing business, after agreeing in April to buy the entire unit. H&R Block, based in Kansas City, Mo.
BUSINESS
August 31, 2007 | From Times Wire Services
H&R Block Inc. said Thursday that the sale of its Option One Mortgage Corp. sub-prime lending unit might fall apart because of deteriorating credit markets and a quarterly loss that more than doubled. The largest U.S. tax preparer said that Option One planned to stop offering sub-prime home loans and that private equity firm Cerberus Capital Management might buy just the loan servicing business, after agreeing in April to buy the entire unit. H&R Block, based in Kansas City, Mo.
BUSINESS
January 19, 2006
* Six Flags Inc. named Jeffrey Speed chief financial officer. He had been chief financial officer at Euro Disney. * Mountain View, Calif.-based Intuit Inc. agreed to revise an ad campaign for its TurboTax software that competitor H&R Block Inc. said was misleading.
BUSINESS
June 19, 1997
H&R Block Inc.'s Block Financial Corp. unit has completed its acquisition of Option One Mortgage Corp., a Santa Ana-based provider of mortgages to lenders with poorer credit ratings. H&R Block agreed in April to buy Option One from Fleet Financial Group Inc. for $190 million.
BUSINESS
January 27, 2009 | TIMES WIRE REPORTS
Mark Ernst, who left the top job at tax preparer H&R Block Inc. after the company suffered more than $1 billion in losses tied to subprime lending by its mortgage unit, was named a deputy commissioner at the Internal Revenue Service. Ernst, 50, will oversee operations support, an IRS statement said.
BUSINESS
February 5, 1991 | United Press International
H&R Block Inc. has acquired about 95% of the shares of Interim Systems Corp.in a cash tender for the New Jersey-based temporary help agency. About 94.8 million shares have been acquired for $42.6 million, Block said. The remaining shares will be purchased at the same $1.66-a share price, it said.
BUSINESS
August 28, 2007 | From Times Wire Services
Activist investor Richard Breeden's quest for seats on H&R Block Inc.'s board got a boost Monday, as three shareholder advisory firms backed the slate of candidates proposed by the former Securities and Exchange Commission chairman. Breeden, a hedge fund investor, said Proxy Governance Inc., Egan-Jones Proxy Services and Taft-Hartley Advisory Services urged shareholders to vote for Breeden and two colleagues at the largest U.S. tax preparer's annual meeting Sept. 6.
BUSINESS
May 8, 2003 | From Bloomberg News
H&R Block Inc. expects to fight lawsuits over its tax-refund loans in about six states after a federal judge threw out a national settlement, Chief Executive Mark Ernst said. A U.S. district judge in Illinois ruled against a $25-million settlement last month on concerns that lawyers weren't properly representing H&R Block customers, who claim they were charged exorbitant interest rates.
BUSINESS
August 6, 1991
Tandon Corp., a Moorpark personal computer maker, said it sold several thousand computers worth more than $5 million to tax preparation company H&R Block Inc. Tandon said the order is one of its largest ever from a single customer. Tandon said the computers would be delivered to H&R Block by Oct. 1.
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