Sunday, August 21, 2011

8/18 Daily Financial News

// U.S. probing S&P over financial crisis: source
// August 18, 2011 at 6:06 PM

http://news.yahoo.com/u-investigating-p-over-mortgages-report-044321855.html
WASHINGTON (Reuters) - The U.S. Justice Department is investigating the rating agency Standard & Poor's over its actions on mortgages leading up to the financial crisis, a source familiar with the matter said on Thursday.


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8/18 Daily Financial News

// Symetra Financial Trades Ex-Dividend
// August 18, 2011 at 10:43 AM

http://www.forbes.com/sites/dividendchannel/2011/08/18/symetra-financial-trades-ex-dividend/
According to DividendChannel.com, on 8/22/11, Symetra Financial Corp (NYSE: SYA) will trade ex-dividend, for its quarterly dividend of $0.06, payable on 9/7/11. As a percentage of SYA's recent stock price of $10.30, this dividend works out to approximately 0.58%.


// Financial Channel Innovation 2011
// August 18, 2011 at 10:16 AM

http://www.redorbit.com/news/technology/2097747/financial_channel_innovation_2011/index.html?source=r_technology
SHANGHAI, Aug. 18, 2011 /PRNewswire-Asia/ -- In a world where technology and customer needs are ever-changing, all banks and financial services institutions are under pressure to innovate. How to increase revenues by selling more products and services through multi-channels? How to utilize new technologies to improve existing channels and to create new and innovative channels? How to improve ...


// Financial Stocks: B. of A. falls 6% as financials drive market lower
// August 18, 2011 at 10:13 AM

http://www.marketwatch.com/news/story.asp?guid=%7BA5464452-C99F-11E0-A28C-00212803FAD6%7D&siteid=rss&rss=1
U.S. financial stocks fall sharply in early trading, after European banks swooned on a report that the government is signaling concerns about the strength of their U.S. operating arms.


// Financial Channel Innovation 2011
// August 18, 2011 at 8:26 AM

http://www.prnewswire.com/news-releases/financial-channel-innovation-2011-127999323.html
SHANGHAI, Aug. 18, 2011 /PRNewswire-Asia/ -- In a world where technology and customer needs are ever-changing, all banks and financial services institutions are under pressure to innovate. How to increase revenues by selling more products and services through multi-channels? How to...


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8/18 Daily Financial News

// Financial Penalties, Law Enforcement, NFL Involvement Would Reduce Cheating in College Athletics
// August 18, 2011 at 12:49 AM

http://news.yahoo.com/financial-penalties-law-enforcement-nfl-involvement-reduce-cheating-044904330.html
On Tuesday, Yahoo Sports posted an explosive investigative report which - if accurate and corroborated - could carry the sternest of consequences for the University of Miami football program.Late Tuesday night after reading the Yahoo story, I authored a piece which argued that "The U" must receive the "Death Penalty" if Nevin Shapiro's claims of illegal benefits are substantiated.  Based on the ...


// Financial services sector unimpressed by proposals on advertising standards
// August 17, 2011 at 7:32 PM

http://rss.feedsportal.com/c/851/f/10847/s/17761524/l/0L0Sirishtimes0N0Cnewspaper0Cfinance0C20A110C0A8180C122430A26382160Bhtml/story01.htm
MEDIA & MARKETING:The industry is unhappy with the Central Bank's 'overperscriptive' draft code on product adverts


// Synopsys Posts Financial Results for Third Quarter Fiscal Year 2011
// August 17, 2011 at 7:17 PM

http://www.redorbit.com/news/technology/2097366/synopsys_posts_financial_results_for_third_quarter_fiscal_year_2011/index.html?source=r_technology
MOUNTAIN VIEW, Calif., Aug. 17, 2011 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS), a world leader in software and IP for semiconductor design, verification and manufacturing, today reported results for its third quarter of fiscal year 2011. For the third quarter of fiscal year 2011, Synopsys reported revenue of $386.8 million, compared to $336.9 million for the third quarter of fiscal 2010, an ...


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8/17 Daily Financial News

// Financial advice presented at July meeting
// August 17, 2011 at 4:26 PM

http://www.independentmail.com/news/2011/aug/17/financial-advice-presented-july-meeting/?partner=yahoo_feeds
Sound financial advice was served up at the July meeting of the Lavonia Chamber of Commerce by Edward Jones financial advisor Ara Joyce. Although a newcomer to the area from Pennsylvania, Joyce has wasted no time in sharing her expertise in investments with the community.


// Principal Financial Group, Inc. Announces Preferred Dividend
// August 17, 2011 at 2:25 PM

http://www.finanzen.net/nachricht/Principal-Financial-Group-Inc-Announces-Preferred-Dividend-1335020
Principal Financial Group, Inc. (NYSE: PFG) announced today that its Board of Directors has declared ...


// Germany Says Financial Transaction Tax Would Apply to All of EU
// August 17, 2011 at 12:11 PM

http://www.foxbusiness.com/markets/2011/08/17/germany-says-financial-transaction-tax-would-apply-to-all-eu/
A spokesperson for German Chancellor Angela Merkel made clear that a proposed financial transaction tax would apply to all 27 European Union members, not just the 17 euro zone states.


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Wednesday, August 17, 2011

8/17 Daily Financial News

// Principal Financial Group, Inc. Announces Authorization of Share Repurchase Program
// August 17, 2011 at 11:55 AM

http://www.finanzen.net/nachricht/Principal-Financial-Group-Inc-Announces-Authorization-of-Share-Repurchase-Program-1334834
Principal Financial Group, Inc. (NYSE: PFG) announced that its Board of Directors has approved an authorization ...


// Ladenburg Thalmann Financial to Buy Securities America for $150 Million
// August 17, 2011 at 10:43 AM

http://www.bloomberg.com/news/2011-08-17/ladenburg-thalmann-financial-to-buy-securities-america-for-150-million.html
The deal, which is expected to close by the end of the year, will add about $450 million in annual revenue for Ladenburg, the company said in a statement today.


// Financial Stocks: Bank of America, Morgan Stanley lead financials
// August 17, 2011 at 10:27 AM

http://www.marketwatch.com/news/story.asp?guid=%7B0F782A44-C8D7-11E0-A28C-00212803FAD6%7D&siteid=rss&rss=1
Shares of Morgan Stanley and Bank of America led financial stocks higher as the markets shake off the biggest jump in producer prices since January, choosing to focus on calmer sentiment toward the world's economic woes.


// Financial strain over new trains made plain
// August 17, 2011 at 10:21 AM

http://www.brisbanetimes.com.au/business/financial-strain-over-new-trains-made-plain-20110817-1iy7h.html
TENSE negotiations between the NSW state government and Reliance Rail, the troubled public-private partnership delivering the Waratah train into Sydney's rail network, have been pitched into confusion after the project's guarantors claimed Reliance had defaulted on their intricate funding agreement.


// Financial Shares Weigh on European Markets
// August 17, 2011 at 8:03 AM

http://www.foxbusiness.com/markets/2011/08/17/financial-shares-weigh-on-european-markets/
Financial services stocks bore the brunt of selling as the FTSEurofirst fell on Wednesday in response to proposals set out by French President Nicolas Sarkozy and German Chancellor Angela Merkel aimed at tackling the euro zone debt crisis.


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8/17 Daily Financial News

// New financial-management software offered
// August 17, 2011 at 2:58 AM

http://www.nationmultimedia.com/2011/08/17/business/New-financial-management-software-offered-30162960.html
Infor has announced a new range of financial-management solutions, which it expects will help the company achieve double-digit growth for business-application software in Thailand this year.


// First Financial acquires Indiana bank branches
// August 16, 2011 at 9:31 PM

http://www.middletownjournal.com/news/middletown-news/first-financial-acquires-indiana-bank-branches-1231933.html?cxtype=ynews_rss
First Financial Bancorp made another step in its quest to amass market share in its core areas of focus by announcing it acquired several branches of an Indiana bank.Pending approval, First Financial said Tuesday its bank subsidiary has signed a purchase and assumption agreement to acquire all 22 of the bank branches of Flagstar Bank, FSB, of Indiana. It is not acquiring the bank, only its ...


// Financial planning business loan approvals tighten
// August 16, 2011 at 8:46 PM

http://www.moneymanagement.com.au/news/business-loan-approval-tightens
Financial planning practices looking to expand are finding it increasingly difficult to source funding, as banks tighten their lending criteria amid economic and regulatory uncertainty.


// Ohio's First Financial to buy Flagstar branches
// August 16, 2011 at 8:32 PM

http://news.yahoo.com/ohios-first-financial-buy-flagstar-branches-002927437.html
First Financial Bancorp said Tuesday it plans to buy the 22 Indiana branches of Flagstar Bancorp at a premium on the deposits assumed, or about $23 million.


// London Financial Job Vacancies Decline 10% in July, Survey Says
// August 16, 2011 at 7:28 PM

http://www.bloomberg.com/news/2011-08-16/london-financial-job-vacancies-decline-10-in-july-survey-says.html
Job vacancies at London's financial- services companies fell 10 percent in July as firms cut headcount amid concerns about the strength of the economic recovery, according to a recruitment consultant.


// First Financial buys Flagstar branches
// August 16, 2011 at 5:40 PM

http://news.cincinnati.com/apps/pbcs.dll/article?AID=/AB/20110816/BIZ01/308160066/
First Financial Bancorp announced Tuesday it has agreed to acquire 22 branches from Flagstar Bank, adding $525.9 million worth of deposits and boosting its market share in Indianapolis.


// First Financial buys branches
// August 16, 2011 at 5:40 PM

http://news.cincinnati.com/apps/pbcs.dll/article?AID=/AB/20110816/BIZ01/308160066/
First Financial Bancorp announced Tuesday it has agreed to acquire 22 branches from Flagstar Bank, adding $525.9 million worth of deposits and boosting its market share in Indianapolis.


// Miami Declaring 'Financial Urgency' Prepares for Wage Cuts
// August 16, 2011 at 5:34 PM

http://www.businessweek.com/news/2011-08-16/miami-declaring-financial-urgency-prepares-for-wage-cuts.html
Miami, facing a $61 million fiscal 2012 deficit, declared a state of "financial urgency" for a second-straight year, moving toward wage and benefit cuts.


// How Does Financial News Impact Your Brain?
// August 16, 2011 at 5:06 PM

http://www.npr.org/2011/08/16/139680650/how-does-market-coverage-impact-your-brain?ft=1&f=1007
When you hear bad financial news, it has an effect on the emotional part of your brain — not the analytical part. As the world's markets digest yet another financial crisis, the tone of the coverage is affecting what people do — or don't do — with their money. A look at how the coverage of the markets affects the markets, your brain and, eventually, your portfolio.


// Ally Financial spent $200,000 on lobbying in 2Q
// August 16, 2011 at 4:55 PM

http://news.yahoo.com/ally-financial-spent-200-000-lobbying-2q-205557700.html
Ally Financial Inc. spent $200,000 in the second quarter to lobby members of Congress on financial regulatory reform and other issues.


// How Does Financial News Impact Your Brain?
// August 16, 2011 at 4:46 PM

http://www.npr.org/2011/08/16/139680650/how-does-market-coverage-impact-your-brain?ft=1&f=2
When you hear bad financial news, it has an effect on the emotional part of your brain — not the analytical part. As the world's markets digest yet another financial crisis, the tone of the coverage is affecting what people do — or don't do — with their money. A look at how the coverage of the markets affects the markets, your brain and, eventually, your portfolio.


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Tuesday, August 16, 2011

8/16 Daily Financial News

// Bank of America: Financial Loser
// August 16, 2011 at 4:34 PM

http://www.thestreet.com/story/11222293/1/bank-of-america-financial-loser..html?cm_ven=RSSFeed
NEW YORK (TheStreet) -- Bank of America was the loser on Tuesday among the largest financial names, with shares pulling back nearly 5% to close at $7.40. Following Monday's announcement of Bank of America's deal to exit its international credit card business, including a deal to sell its $8.5 billion Canadian card portfolio to TD Bank Group , the Financial Times suggested Barclays PLC and ...


// Can Math Beat Financial Markets?
// August 16, 2011 at 4:09 PM

http://www.scientificamerican.com/article.cfm?id=can-math-beat-financial-markets
Wall Street's wild swings last week helped skew both retirement portfolios and mathematical models of the financial markets. After all, a standard Gaussian function --a bell curve--would predict that such extreme dips and rises would be exceedingly rare and not prone to following one after the other on succeeding days. Gaussian functions might be able to describe the distribution of grades in a ...


// Paulson, Soros Pared Financial Stocks Last Quarter Before Losses
// August 16, 2011 at 4:04 PM

http://www.businessweek.com/news/2011-08-16/paulson-soros-pared-financial-stocks-last-quarter-before-losses.html
Hedge funds run by John Paulson, George Soros and Steve Mandel cut back on bank shares in the second quarter, before Citigroup Inc. and Bank of America Corp. lost more than one-fifth of their value.


// Luminus Financial to acquire Food Family Credit Union
// August 16, 2011 at 3:30 PM

http://ca.news.yahoo.com/luminus-financial-acquire-food-family-credit-union-193022949.html
TORONTO - Luminus Financial is buying Food Family Credit Union in a merger deal between two small Ontario credit unions.


// Financial Transaction Tax for Europe?
// August 16, 2011 at 3:15 PM

http://www.cnbc.com/id/44163841?__source=yahoonews&par=yahoonews
"If it's anything like what Reps. Perlmutter & Defazio proposed in 2009, it would put us and virtually all quant traders out of business overnight," a high-frequency trader wrote.


// Nathan Newman: New Consumer Financial Protection Bureau Should Regulate Online Advertising of Financial Products
// August 16, 2011 at 2:21 PM

http://www.huffingtonpost.com/nathan-newman/new-consumer-financial-pr_b_928063.html
By closely regulating how the large search engine and related online advertising players collect and share the personal data they control, many abuses can be stopped.


// New financial-management software offered by Infor
// August 16, 2011 at 1:07 PM

http://www.nationmultimedia.com/2011/08/17/business/New-financial-management-software-offered-by-Infor-30162960.html
Infor has announced a new range of financial-management solutions, which it expects will help the company achieve double-digit growth for business-application software in Thailand this year.


// Financial stocks fall amid signs of slowed growth
// August 16, 2011 at 12:44 PM

http://news.yahoo.com/financial-stocks-fall-amid-signs-slowed-growth-164429143.html
A wide range of financial stocks plummeted Tuesday amid fresh evidence of slowing economic growth worldwide and heightened anxiety over Europe's government-debt crisis.


// Financial Stocks: Financial stocks lag on Europe concerns
// August 16, 2011 at 10:27 AM

http://www.marketwatch.com/news/story.asp?guid=%7B278D72EE-C80D-11E0-A28C-00212803FAD6%7D&siteid=rss&rss=1
Shares of many financials decline in step with the broader market, with disappointment over Germany's surprise second-quarter economic slowdown helping color U.S. trading in the sector.


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