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CREDIT CARD COMPANY
Credit card firm Egg fined 720000 for persuading 40000 customers to buy insurance they didnt want Daily Mail BJaposs Wholesale Club Announces the Election of Laura Sen as CEO Herb Earthtimes
Thu, 11 Dec 2008 10:43:57 +0000
The firm was fined by the Financial Services Authority for persistent misselling of payment protection insurance on its credit cards. For nearly two years Egg pushed thousands of its customers into buying a PPI policy despite the fact that it was useless in many cases. Egged into purchase Customers were sold useless insurance even on occasions when they did not specifically agree to it On several occasions customers who replied only Hmm when asked whether or not they wanted to take out the insurance were signed up to a policy despite not actually saying they wanted it. Typically it cost for the period over which they had the card. The FSA criticised Egg for serious failings in its sales. The insurance is supposed to pay out if policyholders become ill or lose their job but it is infamous for failing to do so and for being mis sold. It is the latest scandal involving PPI which is currently the subject of a major investigation by the Competition Commission. The City watchdog fears around per cent of Egg s credit card customers who took out a PPI policy were treated unfairly The City watchdog fears around per cent of Egg s credit card customers who took out a PPI policy were treated unfairly. One Egg customer asked if the policy would cover him as he had a slipped disc and was currently receiving treatment. The Egg worker said he would be covered. However the policy s exclusions meant he would not receive a penny. In many cases customers were subjected to aggressive sales tactics despite insisting they did not want the insurance. Other tactics include overemphasising the positive features of the policy or charging them for the policy even if they had not said yes. Margaret Cole director of enforcement at the FSA said Egg used inappropriate sales techniques to try to persuade customers to buy payment protection insurance on their credit card even when they asserted they did not want the cover. If a customer does not want PPI they should not be pressured into taking it. Yesterday Egg owned by the American investment bank Citigroup was forced into issuing a public apology to its customers. It would have faced a bigger fine of . million if it had not co operated with the City watchdog and agreed to settle early in the investigation. It is the second major public embarrassment involving Egg credit cards this year. In February it became the first credit card company to write to some of its customers to order them to stop using their cards. The latest mistake will leave Egg with a compensation bill of around pound million to pay all the affected customers. Letters will be sent to them this week to establish whether or not they are eligible for compensation. Citigroup said only per cent of the policies were sold under its ownership. It bought the company from Prudential in May . An Egg spokesman said We are taking the matter very seriously and would like to apologise to any customers who have been affected. In total the City watchdog has taken action against firms over the poor selling of PPI including Alliance Leicester which paid a record million fine. Sales of PPI have been a money spinner for banks and insurance companies. There are currently million policies generating an annual premium income of around . billion. The Competition Commission believes these premiums are too high and that the industry is earning excess profits of . billion a year. More. Homeowners are paying extra on tracker mortgages Action brought in to stop small and medium firms being crippled by late payments Print this article Read later Email to a friend Share this article Digg it Del.icio.us Reddit Newsvine Nowpublic StumbleUpon Facebook MySpace Fark View all Add your comments Comments Here s what readers have had to say so far. Why not add your thoughts below I had this problem with the Halifax. Despite stating NO to insurance on their application form and saying No in a subsequent phone call. They still started to charge me. It finally took months to clear up. As for Egg I stopped using their cards after they started blocking transactions I made then saying they were suspicious and would I consider card protection insurance. Click to rate Rating bobo crosby Oh how marvelous This government has failed to defend consumers against the credit card companies excesses over the last few years while the UK economy has been running on personal debt. Now it decides it is time to fine them and keep the customers money for itself. This has become such a common trick now with NU Labour. What about doing something to PREVENT financial excesses and RETURNING the peoples money to THEM. Click to rate Rating marman Cambridge England This happened to me and I complained to the FSA they told me tough luck and I didn t get my money back. I wonder why they are saying something different now Click to rate Rating michele greece Click to rate Rating View all Add your comment Name Email Your email address will not be published Town Country Your comments Make text area bigger You have characters left. Remember me this will save you having to type out your name location and email address when you next leave a comment. Terms conditions Clear Submit Content Enter search term Search Advanced Search FEMAIL TODAY Jennifer Aniston poses nude with just a necktie in her most provocative shoot ever The actress goes raunchy in the American edition of GQ magazine Is that dress REALLY supposed to look like that Lily or were you in the Nobu broom cupboard Singer s bizarre see through dress What s that party girl Kate Moss has popped out for Dressed in her finery she clutched two bottles of what looked like amyl nitrate I was born black and it tore my white family apart Sandra Laing s colour in South Africa plunged her into a life of destitution and promiscuity The night a lucky teenage fan got to lock lips on stage with pop heart throb Enrique Iglesias Maria Carroll got very close to the Latin crooner Strain shows again for Katie Price and Peter Andre as they leave nightclub hours apart She left with her sister while he partied on until am and it showed Changing waistlines Laurence Llewelyn Bowen s wife shows off her drastically slimmed down figure Another transformation in the household Does Robbie Williams truly want to rejoin Take That And would they want him anyway The singer fuelled speculation with a message on his blog The . invisible knickers that are flying off shelves and make the perfect partner to a slinky party frock They re selling faster than iPods this Christmas Rolling back the years Kim Basinger shows off her slim figure and youthful face The year old made a stunning appearance at an LA premiere The final insult Brad Pitt finally confesses he DID fall in love with Angelina while married to Jennifer Aniston Actor became hooked on the Mr Mrs Smith set The Brits are coming Kate Winslet Emma Thompson and Ralph Fiennes lead Golden Globes nominations A host of UK stars will be dreaming of Oscars Mrs Credit Crunch shows you how to buy ALL your Christmas gifts for under If it sounds impossible just follow our essential guide My Top Stories Click on the icon below an article to save to your favourite stories file Remove Check box to remove Open Close Remove Check box to remove Open Close Today s headlines Most Read Today s headlines Most Read Super Thursday for shoppers as Tesco leads half price Christmas sales Shoppers flock to Britain as record low pound makes London the bargain capital of the world Woolies shelves stripped bare as frenzied shoppers flock to sale of the century Postmen s fury as they are told You re not walking fast enough Brown in suicide bomb scare as police seize Al Qaeda terrorists planning to target EU summit Brown dismisses German criticism of Britain s reckless economic recovery plan Slimmer died in tragic accident after drinking too much water during controversial diet Police probe as four people die after car smashes into takeaway during pursuit Haringey boss tried to block probe into Baby P social services Pictured The moment a shopkeeper fought off knife wielding bandits. by throwing cup of tea over them At home with the family David Cameron s trendy black and white Christmas card A quarter of children starting primary school are overweight or obese NHS warns School choir banned from singing Christmas carols because they are too religious Santa does not exist Primary school teacher tells her tearful class of year old children Vicar bans O Little Town Of Bethlehem because it doesn t reflect current Middle East Electrical expert stalked ex lover using style tracking device planted in her car Pictured Schoolboy archer survives after friend shoots an arrow through his eye The Victorian sex scandal contract reveals how cheating husband bought lover s silence ft in till worker sues Co op after hurting her arm reaching for chip and pin machine EU leaders to bribe Irish voters into backing controversial Lisbon Treaty at second referendum The Britney bludgeon a weapon of torture Pop stars tell the U.S. military to stop using their songs to break terror suspects Now police could be called in to probe Treasury leaks says top civil servant Police discover that cracking down on knives reduces knife crime A gun in granny s post. rifle meant for a police HQ gets lost lost in the mail The worst an ad can get Tiger Woods Roger Federer and Thierry Henry win award for most cringeworthy promo Prince Harry gets go ahead to train as attack helicopter pilot MORE HEADLINES Super Thursday for shoppers High Street bonanza as stores slash prices by up to Slimmer died in tragic accident after drinking too much water during controversial diet Shoppers flock to Britain as record low pound makes London the bargain capital of the world Woolies shelves stripped bare as frenzied shoppers flock to sale of the century The actor who nearly died on stage. after slashing his throat with REAL knife after it was swapped for a dummy Santa doesn t exist What a blundering teacher told her tearful class of seven year olds At home with the family David Cameron s Christmas card The sandwich board despair that echoes the Great Depression Sex attacker jailed for attempted rape years ago after his DNA was found on craft knife he returned to son s school Four dead after car crashes into takeaway and catches fire Brown dismisses German criticism of Britain s reckless economic recovery plan A Victorian sex scandal contract reveals how cheating husband bought teenage lover s silence after she fell pregnant QUENTIN LETTS We ve saved the world A slip of the tongue that left Mr Brown sitting very uncomfortably The fur flies as Nigella says she would kill a bear for its skin Our shining light First picture of the student killed during a hockey lesson Caught on camera The moment a shopkeeper fought off knife wielding robbers. by throwing a cup of tea over them Terrorised police manager threw himself off Beachy Head after female boss boasted of sacking staff A gun in granny s post. rifle meant for a police HQ gets lost lost in the mail Hitler s pub dart bomb The secret Nazi weapon drawn up to terrorise Britain If you drink this you will die What paralysed rugby boy was told before he took poison in Swiss suicide MOST READ IN DETAIL Advertorials Win a master class with Aldo Zilli Win luxury hampers with Norwich Union Give a gift this Christmas MONEY EXTRA Jargon Buster A Z of financial terms Credit crunch Is that bailout working Interest rates slashed Reaction and comment EDITOR S SIX OF THE BEST Love machine Computer geek too busy for romance builds himself the perfect girlfriend Why you could soon be watching your dreams on your computer screen Snipers at silly mid on Indian ring of steel greets England cricketers Are you about the new mobile phone shorthand We decode the new text speak This field belongs to Jim Farmer carves his name in giant letters in the snow with a slurry spreader What credit crunch London jeweller pays a record breaking . m for historic diamond Back to top Popular Navigation Home News Sport TV Showbiz Femail Health Science Tech Money Debate Coffee Break You mag Live mag Popular searches in news Woolworths Closing Down Sale Mermaid Girl Buy One Get One Free Car F Crash Dignitas Worlds Tallest Man Sitemap Newsletters RSS Text based site Top of page Daily Mail Mail on Sunday Travel Mail This is Network This is London This is Money Metro Loot Jobsite Loopy Love Find a property Motors Prime location Lasting Tribute Part of the Daily Mail The Mail on Sunday Evening Standard Metro Media Group Associated Newspapers Ltd Contact us Terms Privacy policy Advertise with us Business Wire BJ s Wholesale Club Inc. NYSE BJ announced today that the Company s board of directors elected Laura Sen chief executive officer effective February . Ms. Sen has served as BJ s president and chief operating officer as well as member of the board of directors since January . She will retain the title of president and continue to serve on the board of directors. The Company also announced that Herb Zarkin who preceded Ms. Sen as CEO will continue as chairman of the board of directors and will stand for reelection to the board when his term expires in May . Previously Mr. Zarkin had planned to retire from the board in May . Today s management changes were part of a planned succession. Commenting on today s announcements Herb Zarkin said Laura has done an outstanding job of managing our day to day operations for the past year. Our business has never run more smoothly. Laura and her team have improved our members experience by providing better merchandise quality and value and by raising operating standards in our clubs. I am confident that as chief executive Laura will continue to make the right decisions for our members our employees and our shareholders. Laura Sen said I am proud to have this opportunity to lead this great company. BJ s has a clear mission to deliver value on quality products and services for our members. I am confident that BJ s has the right team in place to execute on that mission and to continue our profitable growth well into the future. About BJ s Wholesale Club BJ s introduced the wholesale club concept to New England in and has since expanded to become a leading warehouse chain in the eastern United States. The Company currently operates clubs in states. BJ s press releases and filings with the SEC are available on the Internet at www.bjsinvestor.com . Forward Looking Statements Statements contained in this press release that are not purely historical including earnings guidance are forward looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of . Actual results may differ materially from those indicated by these forward looking statements. Factors that may cause or contribute to such differences include without limitation levels of gasoline profitability levels of customer demand economic and weather conditions state and local regulation in the Company s markets competitive conditions success in settling lease obligations for closed clubs and credit and debit card claims and other factors discussed in the Company s Annual Report on SEC Form K for the fiscal year ended February and subsequent quarterly reports on SEC Form Q for the fiscal year ending January . Any forward looking statements represent our estimates only as of today and should not be relied upon as representing our estimate as of any subsequent date. While we may elect to update forward looking statements at some point in the future we specifically disclaim any obligation to do so even if our estimates change. BJ s Wholesale Club Inc. Cathy Maloney VP Investor Relations cmaloneybjs.com Copyright Business Wire. All rights reserved. More. Article BJ s Wholesale Club Announces the Election of Laura Sen as CEO Herb Zarkin to Continue as Chairman of the Board Print this article Share this article Stay Updated News gadget on your Google homepage Subscribe to a news feed in Google Reader Share on Del.icio.us Digg Facebook Fark Google reddit Slashdot StumbleUpon Have your Say Name Email Subject Your Comment Enter Verification code Choose Theme Search Enter your search terms Web www.earthtimes.org Submit search form You can Current News News Category Business Entertainment Environment General Health Sports Technology World Add to Google Toolbar Breaking News Press Releases About us News Archives Browse old Archive Feedback Disclaimer Mobile PDA News Alerts The views expressed in the articles are not necessarily those of earthtimes.org and we accept no responsibility for the views or opinions expressed in the articles either direct or indirect. www.earthtimes.org The Earth Times All Rights Reserved Privacy Policy
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Credit card firm Egg fined 720000 for persuading 40000 customers to buy insurance they didnt want Daily Mail BJaposs Wholesale Club Announces the Election of Laura Sen as CEO Herb Earthtimes
Thu, 11 Dec 2008 10:43:57 +0000
The firm was fined by the Financial Services Authority for persistent misselling of payment protection insurance on its credit cards. For nearly two years Egg pushed thousands of its customers into buying a PPI policy despite the fact that it was useless in many cases. Egged into purchase Customers were sold useless insurance even on occasions when they did not specifically agree to it On several occasions customers who replied only Hmm when asked whether or not they wanted to take out the insurance were signed up to a policy despite not actually saying they wanted it. Typically it cost for the period over which they had the card. The FSA criticised Egg for serious failings in its sales. The insurance is supposed to pay out if policyholders become ill or lose their job but it is infamous for failing to do so and for being mis sold. It is the latest scandal involving PPI which is currently the subject of a major investigation by the Competition Commission. The City watchdog fears around per cent of Egg s credit card customers who took out a PPI policy were treated unfairly The City watchdog fears around per cent of Egg s credit card customers who took out a PPI policy were treated unfairly. One Egg customer asked if the policy would cover him as he had a slipped disc and was currently receiving treatment. The Egg worker said he would be covered. However the policy s exclusions meant he would not receive a penny. In many cases customers were subjected to aggressive sales tactics despite insisting they did not want the insurance. Other tactics include overemphasising the positive features of the policy or charging them for the policy even if they had not said yes. Margaret Cole director of enforcement at the FSA said Egg used inappropriate sales techniques to try to persuade customers to buy payment protection insurance on their credit card even when they asserted they did not want the cover. If a customer does not want PPI they should not be pressured into taking it. Yesterday Egg owned by the American investment bank Citigroup was forced into issuing a public apology to its customers. It would have faced a bigger fine of . million if it had not co operated with the City watchdog and agreed to settle early in the investigation. It is the second major public embarrassment involving Egg credit cards this year. In February it became the first credit card company to write to some of its customers to order them to stop using their cards. The latest mistake will leave Egg with a compensation bill of around pound million to pay all the affected customers. Letters will be sent to them this week to establish whether or not they are eligible for compensation. Citigroup said only per cent of the policies were sold under its ownership. It bought the company from Prudential in May . An Egg spokesman said We are taking the matter very seriously and would like to apologise to any customers who have been affected. In total the City watchdog has taken action against firms over the poor selling of PPI including Alliance Leicester which paid a record million fine. Sales of PPI have been a money spinner for banks and insurance companies. There are currently million policies generating an annual premium income of around . billion. The Competition Commission believes these premiums are too high and that the industry is earning excess profits of . billion a year. More. Homeowners are paying extra on tracker mortgages Action brought in to stop small and medium firms being crippled by late payments Print this article Read later Email to a friend Share this article Digg it Del.icio.us Reddit Newsvine Nowpublic StumbleUpon Facebook MySpace Fark View all Add your comments Comments Here s what readers have had to say so far. Why not add your thoughts below I had this problem with the Halifax. Despite stating NO to insurance on their application form and saying No in a subsequent phone call. They still started to charge me. It finally took months to clear up. As for Egg I stopped using their cards after they started blocking transactions I made then saying they were suspicious and would I consider card protection insurance. Click to rate Rating bobo crosby Oh how marvelous This government has failed to defend consumers against the credit card companies excesses over the last few years while the UK economy has been running on personal debt. Now it decides it is time to fine them and keep the customers money for itself. This has become such a common trick now with NU Labour. What about doing something to PREVENT financial excesses and RETURNING the peoples money to THEM. Click to rate Rating marman Cambridge England This happened to me and I complained to the FSA they told me tough luck and I didn t get my money back. I wonder why they are saying something different now Click to rate Rating michele greece Click to rate Rating View all Add your comment Name Email Your email address will not be published Town Country Your comments Make text area bigger You have characters left. Remember me this will save you having to type out your name location and email address when you next leave a comment. Terms conditions Clear Submit Content Enter search term Search Advanced Search FEMAIL TODAY Jennifer Aniston poses nude with just a necktie in her most provocative shoot ever The actress goes raunchy in the American edition of GQ magazine Is that dress REALLY supposed to look like that Lily or were you in the Nobu broom cupboard Singer s bizarre see through dress What s that party girl Kate Moss has popped out for Dressed in her finery she clutched two bottles of what looked like amyl nitrate I was born black and it tore my white family apart Sandra Laing s colour in South Africa plunged her into a life of destitution and promiscuity The night a lucky teenage fan got to lock lips on stage with pop heart throb Enrique Iglesias Maria Carroll got very close to the Latin crooner Strain shows again for Katie Price and Peter Andre as they leave nightclub hours apart She left with her sister while he partied on until am and it showed Changing waistlines Laurence Llewelyn Bowen s wife shows off her drastically slimmed down figure Another transformation in the household Does Robbie Williams truly want to rejoin Take That And would they want him anyway The singer fuelled speculation with a message on his blog The . invisible knickers that are flying off shelves and make the perfect partner to a slinky party frock They re selling faster than iPods this Christmas Rolling back the years Kim Basinger shows off her slim figure and youthful face The year old made a stunning appearance at an LA premiere The final insult Brad Pitt finally confesses he DID fall in love with Angelina while married to Jennifer Aniston Actor became hooked on the Mr Mrs Smith set The Brits are coming Kate Winslet Emma Thompson and Ralph Fiennes lead Golden Globes nominations A host of UK stars will be dreaming of Oscars Mrs Credit Crunch shows you how to buy ALL your Christmas gifts for under If it sounds impossible just follow our essential guide My Top Stories Click on the icon below an article to save to your favourite stories file Remove Check box to remove Open Close Remove Check box to remove Open Close Today s headlines Most Read Today s headlines Most Read Super Thursday for shoppers as Tesco leads half price Christmas sales Shoppers flock to Britain as record low pound makes London the bargain capital of the world Woolies shelves stripped bare as frenzied shoppers flock to sale of the century Postmen s fury as they are told You re not walking fast enough Brown in suicide bomb scare as police seize Al Qaeda terrorists planning to target EU summit Brown dismisses German criticism of Britain s reckless economic recovery plan Slimmer died in tragic accident after drinking too much water during controversial diet Police probe as four people die after car smashes into takeaway during pursuit Haringey boss tried to block probe into Baby P social services Pictured The moment a shopkeeper fought off knife wielding bandits. by throwing cup of tea over them At home with the family David Cameron s trendy black and white Christmas card A quarter of children starting primary school are overweight or obese NHS warns School choir banned from singing Christmas carols because they are too religious Santa does not exist Primary school teacher tells her tearful class of year old children Vicar bans O Little Town Of Bethlehem because it doesn t reflect current Middle East Electrical expert stalked ex lover using style tracking device planted in her car Pictured Schoolboy archer survives after friend shoots an arrow through his eye The Victorian sex scandal contract reveals how cheating husband bought lover s silence ft in till worker sues Co op after hurting her arm reaching for chip and pin machine EU leaders to bribe Irish voters into backing controversial Lisbon Treaty at second referendum The Britney bludgeon a weapon of torture Pop stars tell the U.S. military to stop using their songs to break terror suspects Now police could be called in to probe Treasury leaks says top civil servant Police discover that cracking down on knives reduces knife crime A gun in granny s post. rifle meant for a police HQ gets lost lost in the mail The worst an ad can get Tiger Woods Roger Federer and Thierry Henry win award for most cringeworthy promo Prince Harry gets go ahead to train as attack helicopter pilot MORE HEADLINES Super Thursday for shoppers High Street bonanza as stores slash prices by up to Slimmer died in tragic accident after drinking too much water during controversial diet Shoppers flock to Britain as record low pound makes London the bargain capital of the world Woolies shelves stripped bare as frenzied shoppers flock to sale of the century The actor who nearly died on stage. after slashing his throat with REAL knife after it was swapped for a dummy Santa doesn t exist What a blundering teacher told her tearful class of seven year olds At home with the family David Cameron s Christmas card The sandwich board despair that echoes the Great Depression Sex attacker jailed for attempted rape years ago after his DNA was found on craft knife he returned to son s school Four dead after car crashes into takeaway and catches fire Brown dismisses German criticism of Britain s reckless economic recovery plan A Victorian sex scandal contract reveals how cheating husband bought teenage lover s silence after she fell pregnant QUENTIN LETTS We ve saved the world A slip of the tongue that left Mr Brown sitting very uncomfortably The fur flies as Nigella says she would kill a bear for its skin Our shining light First picture of the student killed during a hockey lesson Caught on camera The moment a shopkeeper fought off knife wielding robbers. by throwing a cup of tea over them Terrorised police manager threw himself off Beachy Head after female boss boasted of sacking staff A gun in granny s post. rifle meant for a police HQ gets lost lost in the mail Hitler s pub dart bomb The secret Nazi weapon drawn up to terrorise Britain If you drink this you will die What paralysed rugby boy was told before he took poison in Swiss suicide MOST READ IN DETAIL Advertorials Win a master class with Aldo Zilli Win luxury hampers with Norwich Union Give a gift this Christmas MONEY EXTRA Jargon Buster A Z of financial terms Credit crunch Is that bailout working Interest rates slashed Reaction and comment EDITOR S SIX OF THE BEST Love machine Computer geek too busy for romance builds himself the perfect girlfriend Why you could soon be watching your dreams on your computer screen Snipers at silly mid on Indian ring of steel greets England cricketers Are you about the new mobile phone shorthand We decode the new text speak This field belongs to Jim Farmer carves his name in giant letters in the snow with a slurry spreader What credit crunch London jeweller pays a record breaking . m for historic diamond Back to top Popular Navigation Home News Sport TV Showbiz Femail Health Science Tech Money Debate Coffee Break You mag Live mag Popular searches in news Woolworths Closing Down Sale Mermaid Girl Buy One Get One Free Car F Crash Dignitas Worlds Tallest Man Sitemap Newsletters RSS Text based site Top of page Daily Mail Mail on Sunday Travel Mail This is Network This is London This is Money Metro Loot Jobsite Loopy Love Find a property Motors Prime location Lasting Tribute Part of the Daily Mail The Mail on Sunday Evening Standard Metro Media Group Associated Newspapers Ltd Contact us Terms Privacy policy Advertise with us Business Wire BJ s Wholesale Club Inc. NYSE BJ announced today that the Company s board of directors elected Laura Sen chief executive officer effective February . Ms. Sen has served as BJ s president and chief operating officer as well as member of the board of directors since January . She will retain the title of president and continue to serve on the board of directors. The Company also announced that Herb Zarkin who preceded Ms. Sen as CEO will continue as chairman of the board of directors and will stand for reelection to the board when his term expires in May . Previously Mr. Zarkin had planned to retire from the board in May . Today s management changes were part of a planned succession. Commenting on today s announcements Herb Zarkin said Laura has done an outstanding job of managing our day to day operations for the past year. Our business has never run more smoothly. Laura and her team have improved our members experience by providing better merchandise quality and value and by raising operating standards in our clubs. I am confident that as chief executive Laura will continue to make the right decisions for our members our employees and our shareholders. Laura Sen said I am proud to have this opportunity to lead this great company. BJ s has a clear mission to deliver value on quality products and services for our members. I am confident that BJ s has the right team in place to execute on that mission and to continue our profitable growth well into the future. About BJ s Wholesale Club BJ s introduced the wholesale club concept to New England in and has since expanded to become a leading warehouse chain in the eastern United States. The Company currently operates clubs in states. BJ s press releases and filings with the SEC are available on the Internet at www.bjsinvestor.com . Forward Looking Statements Statements contained in this press release that are not purely historical including earnings guidance are forward looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of . Actual results may differ materially from those indicated by these forward looking statements. Factors that may cause or contribute to such differences include without limitation levels of gasoline profitability levels of customer demand economic and weather conditions state and local regulation in the Company s markets competitive conditions success in settling lease obligations for closed clubs and credit and debit card claims and other factors discussed in the Company s Annual Report on SEC Form K for the fiscal year ended February and subsequent quarterly reports on SEC Form Q for the fiscal year ending January . Any forward looking statements represent our estimates only as of today and should not be relied upon as representing our estimate as of any subsequent date. While we may elect to update forward looking statements at some point in the future we specifically disclaim any obligation to do so even if our estimates change. BJ s Wholesale Club Inc. Cathy Maloney VP Investor Relations cmaloneybjs.com Copyright Business Wire. All rights reserved. More. Article BJ s Wholesale Club Announces the Election of Laura Sen as CEO Herb Zarkin to Continue as Chairman of the Board Print this article Share this article Stay Updated News gadget on your Google homepage Subscribe to a news feed in Google Reader Share on Del.icio.us Digg Facebook Fark Google reddit Slashdot StumbleUpon Have your Say Name Email Subject Your Comment Enter Verification code Choose Theme Search Enter your search terms Web www.earthtimes.org Submit search form You can Current News News Category Business Entertainment Environment General Health Sports Technology World Add to Google Toolbar Breaking News Press Releases About us News Archives Browse old Archive Feedback Disclaimer Mobile PDA News Alerts The views expressed in the articles are not necessarily those of earthtimes.org and we accept no responsibility for the views or opinions expressed in the articles either direct or indirect. www.earthtimes.org The Earth Times All Rights Reserved Privacy Policy
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