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Parkway Properties Appoints David O'Reilly As Interim CFO

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Parkway Properties, Inc. (PKY: Quote) announced that its Board appointed David O'Reilly as interim Chief Financial Officer, effective May 10, 2012. O'Reilly will retain his responsibilities as the Company's Executive Vice President and Chief Investment Officer.

In addition, Richard Hickson IV, Executive Vice President and Chief Financial Officer resigned his position. The company said that Hickson's resignation is not related to any disagreements with the Company's accounting, financial reporting, internal control or the audit committee, and he will remain with the Company through the filing of the first quarter form 10-Q.

The company also announced it has revised its earnings release date and conference call information. The Company said it will release 2012 first quarter earnings on Thursday, May 3, 2012 after the market closes, and will hold its first quarter conference call on the same day at 5:00 p.m. Eastern Time.

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by RTT Staff Writer

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Following the lackluster performance seen during the previous session, stocks may move to the downside in early trading on Tuesday. The major index futures are currently pointing to a moderately lower open for the markets, with the Dow futures down by 33 points. Germany's investor confidence weakened to a level last seen in late 2012 amid concerns that the rising geopolitical tensions are hurting the European economy, data from the Centre for European Economic Research/ZEW showed Tuesday. The ZEW economic sentiment index fell to 6.9 in September from 8.6 in August. The index has been falling since last January and matched the score seen in December 2012. U.K. inflation slowed marginally as expected in August on falls in prices of motor fuels and food, data from the Office for National Statistics revealed Tuesday. Factory-gate prices declined for the second straight month indicating benign inflationary pressures in the pipeline. Consumer prices rose 1.5 percent year-on-year in August, slower than the 1.6 percent rise in July.
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