William C. Walbrecher Jr., an executive at San Francisco-based 1st Nationwide Bank, was named president and chief executive officer of Citadel Holding Corp. and its principal operating unit, Fidelity Federal Bank. The appointment takes effect Nov. 13. He succeeds James A. Taylor, who stepped down as chairman, president and chief executive in March for health reasons. Edward L. Kane succeeded Mr. Taylor as chairman. Separately, Citadel posted a third-quarter net loss of $2.3 million, or 68 cents a share, versus net income of $5.3 million, or $1.61 a share, a year earlier. The latest results include some unusual write-downs, which had an after-tax impact of $4.9 million. Those included costs associated with the potential Valley Federal Savings and Loan Association acquisition, which was terminated on Sept. 27, 1989. In addition, operating results were hit by an increase in loan and real estate loss reserves. In American Stock Exchange composite trading, Citadel shares closed yesterday at $45.75, down 25 cents.

What is stock exchange 1st National Bank on and what was the third quarter net loss?

(CNN) -- Declaring 2010 "The best year in safety performance in our company's history," Transocean Ltd., owner of the Gulf of Mexico oil rig that exploded, killing 11 workers, has awarded its top executives hefty bonuses and raises, according to a recent filing with the U.S. Securities and Exchange Commission. That includes a $200,000 salary increase for Transocean president and chief executive officer Steven L. Newman, whose base salary will increase from $900,000 to $1.1 million, according to the SEC report. Newman's bonus was $374,062, the report states. Newman also has a $5.4 million long-term compensation package the company awarded him upon his appointment as CEO in March 2010, according to the SEC filing. The latest cash awards are based in part on the company's "performance under safety," the Transocean filing states. "Notwithstanding the tragic loss of life in the Gulf of Mexico, we achieved an exemplary statistical safety record as measured by our total recordable incident rate and total potential severity rate," the SEC statement reads. "As measured by these standards, we recorded the best year in safety performance in our Company's history." The company called that record "a reflection on our commitment to achieving an incident-free environment, all the time, everywhere," the SEC filing states. The company did not respond to an e-mail from CNN seeking comment. The April 20, 2010, explosion on the Deepwater Horizon rig injured 17 workers and killed 11 others, including nine Transocean employees, according to the SEC filing. It has been called the worst spill in U.S. history. The well was capped three months later, but not before millions of barrels of oil spilled into the Gulf. In January, President Barack Obama's National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling released a report that spread blame for the accident among Transocean, BP -- which leased the rig -- and Halliburton, which installed the rig's cement casing.

Where was the Deepwater Horizon oil rig before the accident?

You may be wondering, how can a glacier get so big? Why does it move? These are both good questions. In the winter months, precipitation falls as snow. This solid form of water builds up on the ground as long as the temperatures stay cold enough. As the temperature rises, the snow starts to melt. The frozen water changes state back into a liquid state. Nearer the poles, summer does not last very long. If the summer is long enough and warm enough, all the snow may melt. This is what typically happens now. The earth was a little cooler 12,000 years ago. As a result, during the summer months, that amount of snow did not melt. It may have only been an inch or so of snow that melted. The following winter, snow fell on top of this left-over snow. This next winters snowfall had a head start. Year after year, the snow that did not melt became thicker and thicker. Inch by inch the snow started to build up. Over many years, layer upon layer of snow compacted and turned to ice.
Why didn't most snow melt in the past?