FIDELITY SUBSIDIARY GRABS LAND TRUST ASSETS
Fidelity National Financial Inc. said Thursday that its Chicago Title Land Trust Co. subsidiary has acquired the land trust business assets of LaSalle Bank. Terms of the deal were not disclosed.
Jacksonville-based Fidelity said Chicago Title Land will continue to operate as a subsidiary within its title insurance division and will become part of the publicly-traded Fidelity National Title Group Inc. when the title company becomes a separate public company. Fidelity National Title is scheduled to begin trading on the New York Stock Exchange next week.
Mark Basch/The Times-Union
FORD APPOINTS FIRST FEMALE EXECUTIVE VP
Ford Motor Co. has named its first female executive vice president in its 102-year history as part of a series of moves intended to boost Ford's flagging North American operations, the company said Thursday.
Anne Stevens, 56, was named executive vice president and chief operating officer for the Americas, a new position that makes her one of the highest ranking women in the auto industry. Stevens previously served as Ford's group vice president of Canada, Mexico and South America. She joined the company in 1990.
Stevens will be in charge of product development, manufacturing and purchasing in the Americas. She will report to Mark Fields, who recently was named executive vice president of Ford and president for the Americas.
TRIBUNE'S PROFIT FALLS ON TAX-RULING CHARGE
Tribune Co., whose holdings include 11 daily newspapers, 26 television stations and the Chicago Cubs, said Thursday that third-quarter profits tumbled 82 percent because of an adverse tax ruling that forced it to take a huge charge.
The media company's results also showed continuing sluggishness in advertising sales and lower revenue from newspaper circulation, although Tribune executives said recent circulation trends show improvement. …