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CapitalSource Executive Chairman John Delaney Resigns - Quick Facts

CapitalSource Inc. (CSE: Quote) announced that John Delaney has resigned as Executive Chairman following his primary election victory yesterday in the U.S. House of Representatives race in the 6th Congressional District of Maryland.

The company said that Delaney previously had taken a Leave of Absence without pay, effective January 4, 2012 through the primary election. He will continue in his role as Chairman of the Board.

by RTT Staff Writer

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This footwear company outperformed in the latest first quarter, despite significant headwinds from a strong U.S. dollar, slowdown at the west coast ports and seasonably cold weather in certain key markets and less efficient operations than originally anticipated at the company's European distribution center. UK-based oil giant BP Plc. and French peer Total SA Tuesday reported lower profit for the first quarter, as oil prices declined sharply from the previous year. However, results reflected stronger overall refining environment. Hartford Financial reported a decline in first-quarter profit, despite growth in premiums, due mainly to the absence of gains recorded last year.
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