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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8/16 Daily Financial News

// Financial Stocks: Citi, B. of A. drag financials lower
// 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 U.S. financial stocks sold off sharply along with the broader market on Tuesday after Germany reported a surprise second-quarter economic slowdown and sparked further concerns about global economic problems.


// Many Financial Advisors Miss Opportunity to Incorporate Life Insurance into Planning, Saybrus Survey Finds
// August 16, 2011 at 10:12 AM

http://www.finanzen.net/nachricht/Many-Financial-Advisors-Miss-Opportunity-to-Incorporate-Life-Insurance-into-Planning-Saybrus-Survey-Finds-1332749
Financial advisors often miss the opportunity to speak to their clients about the important role life insurance ...


// Rwanda: IMF Warns of Risks to Financial Stability
// August 16, 2011 at 9:40 AM

http://allafrica.com/stories/201108161176.html
The International Monetary Fund (IMF) has warned of the risks to financial stability if the sector's ambitious objectives are implemented at a rapid pace and not sequenced appropriately.


// Canaccord Financial says it's in talks with Evolution Group over potential bid
// August 16, 2011 at 8:45 AM

http://ca.news.yahoo.com/canaccord-financial-says-talks-evolution-group-over-potential-124546854.html
TORONTO - Canaccord Financial Inc. (TSX:CF) confirmed media reports Tuesday that it is in preliminary discussions with The Evolution Group PLC over a potential bid for the U.K. stockbroker.


// City OK with FOF financial scrutiny
// August 16, 2011 at 7:03 AM

http://www.thespec.com/news/local/article/578926--city-ok-with-fof-financial-scrutiny
City not looking for stricter financial reporting from Festival of Friends, despite growing crowds and taxpayer contributions.


// Sabal Financial Group, L.P. Announces Purchase of $212 Million Portfolio of Performing and Non-Performing Loans from ...
// August 16, 2011 at 7:00 AM

http://biz.yahoo.com/bw/110816/20110816005493.html?.v=1
Sabal Financial Group, L.P., formerly Milestone Asset Resolution Company, LLC, a diversified financial services management firm, announces the recent acquisition of a $212 million portfolio from a major Midwest retail bank.


// Sabal Financial Group Names Kevin McKenzie Portfolio Manager
// August 16, 2011 at 7:00 AM

http://biz.yahoo.com/bw/110816/20110816005482.html?.v=1
Sabal Financial Group, L.P., the diversified financial services management firm formerly known as Milestone Asset Resolution Company, LLC, has appointed Kevin McKenzie as portfolio manager.


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8/16 Daily Financial News

// Financial Expert Says Banks Are Safe
// August 15, 2011 at 11:32 PM

http://www.clickorlando.com/news/28869522/detail.html
With worries on Wall Street, consumers may wonder if any financial institution is safe. Banks may not be great for growth on individual savings, but they're safe, says a major financial publisher.


// Press digest - Financial Times - Aug 16
// August 15, 2011 at 8:44 PM

http://uk.finance.yahoo.com/news/Press-digest-Financial-Times-targetukfocus-2038439331.html?x=0
Financial Times DON'T LET FISCAL BRAKES STALL GLOBAL RECOVERY Advanced economies still have options to provide short-termsupport for jobs and growth even as they focus on medium-termfiscal consolidation, ...


// Financial Partners director to stand trial
// August 15, 2011 at 8:01 PM

http://www.moneymanagement.com.au/news/financial-partners-director-to-stand-trial
A former company director of Financial Partners Pty Ltd has been committed to stand trial on 14 charges of dishonest conduct involving investor funds, according to the Australian Securities and Investments Commission (ASIC).


// MPs mulling global financial crisis
// August 15, 2011 at 6:37 PM

http://ca.news.yahoo.com/mps-mull-global-financial-crisis-195011357.html
Financial turmoil around the world is up for discussion as MPs on the finance committee return to Ottawa for a meeting Monday evening.


// Financial Stability Development Council to discuss interest rates,US rating loss
// August 15, 2011 at 5:11 PM

http://economictimes.feedsportal.com/c/33041/f/534033/s/17667072/l/0Leconomictimes0Bindiatimes0N0Cnews0Ceconomy0Cfinance0Cfinancial0Estability0Edevelopment0Ecouncil0Eto0Ediscuss0Einterest0Eratesus0Erating0Eloss0Carticleshow0C96167770Bcms/story01.htm
The sub-committee of the Financial Stability Development Council (FSDC) will meet in Mumbai on Tuesday.


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8/15 Daily Financial News

// MPs to mull global financial crisis
// August 15, 2011 at 4:12 PM

http://www.cbc.ca/news/canada/story/2011/08/15/pol-mps-global-financial-crisis.html?ref=rss
Financial turmoil around the world will be up for discussion as MPs on the finance committee return to Ottawa for a meeting Monday evening.


// U.S. Stocks Higher at Midday, Led by Energy and Financial Shares
// August 15, 2011 at 2:40 PM

http://www.nytimes.com/2011/08/16/business/daily-stock-market-activity.html?src=mv&ref=business
A $12.5 billion acquisition by Google and rising commodity prices appeared to give equity markets a firmer footing after the prior wild week.


// TCF Financial shares rise on analyst upgrade
// August 15, 2011 at 2:37 PM

http://news.yahoo.com/tcf-financial-shares-rise-analyst-upgrade-183728564..html
Shares of TCF Financial Corp. surged on Monday and an analyst upgraded the lender's stock, saying the stock is not trading where it should.


// Rebirth Financial Secures the Honor of Presenting at FinovateFall for its Financial Technology Breakthroughs
// August 15, 2011 at 2:16 PM

http://www.prweb.com/releases/2011/8/prweb8713062.htm
Rebirth Financial gains international acclaim by being selected to present its revolutionary small business rating system at the world's premier finance and technology innovation conference: Finovate (PRWeb August 15, 2011) Read the full story at http://www.prweb.com/releases/2011/8/prweb8713062.htm


// Bucyrus financial report available
// August 15, 2011 at 2:05 PM

http://bucyrustelegraphforum.com/article/20110815/NEWS01/108150318/1002/rss01
BUCYRUS -- The 2010 Comprehensive Annual Financial Report for the City of Bucyrus is available for public inspection at the office of the City Auditor, 500 S. Sandusky Ave.


// Rebirth Financial Secures the Honor of Presenting at FinovateFall for its Financial Technology Breakthroughs
// August 15, 2011 at 2:02 PM

http://news.yahoo.com/rebirth-financial-secures-honor-presenting-finovatefall-financial-technology-180208716.html
Rebirth Financial gains international acclaim by being selected to present its revolutionary small business rating system at the world's premier finance and technology innovation conference: FinovateNew Orleans, LA (PRWEB) August 15, 2011 Rebirth Financial, Inc. gains international acclaim by being selected to present at the finance industry's premier innovation conference- FinovateFall- in New ....


// BOK Financial Shares Popped: What You Need to Know
// August 15, 2011 at 12:26 PM

http://www.fool.com/investing/general/2011/08/15/bok-financial-shares-popped-what-you-need-to-know.aspx
Is this meaningful? Or just another movement?


// Naples' TIB Financial Corp. reports $1 million profits for second quarter
// August 15, 2011 at 10:55 AM

http://www.marconews.com/news/2011/aug/15/naples-tib-financial-corp-reports-1-million-profit/?partner=yahoo_feeds
Naples-based
TIB Financial Corp. reported profits of nearly $1 million, or 7 cents a share, for the second quarter.


// Financial Stocks: B. of A., Morgan Stanley lead financials' rally
// August 15, 2011 at 10:27 AM

http://www.marketwatch.com/news/story.asp?guid=%7B4633426E-C745-11E0-A28C-00212803FAD6%7D&siteid=rss&rss=1
Shares of Bank of America and Morgan Stanley set the early pace for financials, underpinning a strong rebound in financial stocks.


// Colony Financial Announces $50 Million Common Stock Repurchase Program
// August 15, 2011 at 8:57 AM

http://www.finanzen.net/nachricht/Colony-Financial-Announces-50-Million-Common-Stock-Repurchase-Program-1330369
Colony Financial, Inc. (the "Company) (NYSE: CLNY) today announced that its Board of Directors has authorized a common stock repurchase program that ...


// South Africa: JSE Pushes for Youth Financial Literacy
// August 15, 2011 at 7:52 AM

http://allafrica.com/stories/201108150686.html
The JSE has partnered with the Reserve Bank, the Financial Planning Institute, the SA Savings Institute and the National Credit Regulator to improve financial literacy among young South Africans.


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Monday, August 15, 2011

8/15 Daily Financial News

// South Korea confident it can beat financial storm
// August 15, 2011 at 5:30 AM

http://news.yahoo.com/south-korea-confident-beat-financial-storm-055134595.html
When it comes to weathering economic storms, South Koreans can rightly claim more familiarity than most with the harrowing experience of seeing hard-won prosperity evaporate.


// New Smartphone Mobile App Empowers Credit Unions and Financial Institutions
// August 15, 2011 at 5:10 AM

http://news.yahoo.com/smartphone-mobile-app-empowers-credit-unions-financial-institutions-070414861.html
New Mobile App enable Credit Unions and Financial Institutions to easily own a mobile application, manage their brand, and deliver an exceptional user experience through a low cost subscription pricing model based on the size of the institution. ...


// South Korea confident it can beat financial storm
// August 15, 2011 at 1:51 AM

http://biz.yahoo.com/ap/110815/as_skorea_crisis_country.html?.v=1
When it comes to weathering economic storms, South Koreans can rightly claim more familiarity than most with the harrowing experience of seeing hard-won prosperity evaporate.


// Former Financial Partners director to stand trial
// August 15, 2011 at 1:26 AM

http://www.businessspectator.com.au/bs.nsf/Article/Former-Financial-Partners-director-to-stand-trial-pd20110815-KR7WG?opendocument&src=rss
Charged with dishonest conduct relating to investor funds. 15 Aug 2011 3:16 PM


// London House Prices Plunge as Financial Turmoil Takes Its Toll
// August 14, 2011 at 8:48 PM

http://www.businessweek.com/news/2011-08-14/london-house-prices-plunge-as-financial-turmoil-takes-its-toll.html
London home sellers lowered asking prices by the most in a year in August as demand in Britain's most expensive property market was hit by turmoil in financial markets, Rightmove Plc said.


// Chris Mackay Financial Planning Joins Plus 4 Insurance Group
// August 14, 2011 at 8:42 PM

http://www.scoop.co.nz/stories/BU1108/S00483/chris-mackay-financial-planning-joins-plus-4-insurance-group.htm
Plus4 Insurance Solutions (Plus4), the national insurance broking and financial adviser group, today announced that Chris MacKay Financial Planning (CMFP) has joined Plus4 boosting the group's Wellington presence.


// Financial Awareness Week launched
// August 14, 2011 at 8:14 PM

http://www.scoop.co.nz/stories/BU1108/S00481/financial-awareness-week-launched.htm
New Zealand's Financial Awareness Week has launched in New Zealand today with a range of initiatives planned to bring greater awareness to New Zealanders of the value of good financial advice.


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8/14 Daily Financial News

// Financial planners offer advice on Wall Street's instability
// August 14, 2011 at 7:10 AM

http://www.thespectrum.com/article/20110814/NEWS01/108140324/1002/rss
ST. GEORGE - With many investors reacting to dramatic fluctuations in U.S. stock prices this week, financial planners in Washington County are offering advice following continued instability on Wall Street.


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8/13 Daily Financial News

// Financial stereotypes explored
// August 13, 2011 at 8:49 AM

http://www.heraldsun.com.au/business/financial-stereotypes-explored/story-fn7j19iv-1226114338757
ALL generations have financial stereotypes. Which is the most incorrect one about yours?


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8/14 Daily Financial News

// Financial planners offer advice
// August 14, 2011 at 7:10 AM

http://www.thespectrum.com/article/20110814/NEWS01/108140324/1002/rss
ST. GEORGE - With many investors reacting to dramatic fluctuations in U.S. stock prices this week, financial planners in Washington County are offering advice following continued instability on Wall Street.


// Why you should care about Europe's financial woes
// August 14, 2011 at 2:00 AM

http://www.signonsandiego.com/news/2011/aug/13/european-financial-problems-hit-close-home/
U.S. financial markets have risen and fallen in the past week on European financial news as well as domestic economic turmoil. With record unemployment in the U.S., weak economic growth and a continued threat of recession, the troubles in Europe may seem like someone else's problem.


// Financial makeover: Learning to tighten the belt
// August 14, 2011 at 1:08 AM

http://seattletimes.nwsource.com/html/businesstechnology/2015904687_pfmakeover14.html?syndication=rss
A family of five confronts their spending, and sets their priorities with the help of a financial planner.


// Financial experts' advice on wild stock market: Don't panic
// August 14, 2011 at 12:00 AM

http://www2.tbo.com/business/business/2011/aug/14/bznewso1-dont-panic-ar-250187/
The stock market is swinging wildly and the economy is registering an erratic pulse. And that presents some opportunities for consumers.


// Complex financial deals and energy projects cost Vernon millions
// August 13, 2011 at 9:16 PM

http://www.latimes.com/news/la-me-vernon-finances-20110814,0,3425026.story?track=rss
In the last six years, the tiny industrial city has amassed nearly half a billion dollars of debt and lost more than $130 million through aggressive investments and energy projects that one expert called 'too risky.' The city of Vernon has amassed nearly half a billion dollars of debt and suffered major losses over the last six years in an aggressive pursuit of investments through its electric ...


// Complex financial deals and energy projects cost Vernon millions
// August 13, 2011 at 8:40 PM

http://www.latimes.com/news/local/la-me-vernon-finances-20110814,0,2637590.story?track=rss
In the last six years, the tiny industrial city has amassed nearly half a billion dollars of debt and lost more than $130 million through aggressive investments and energy projects that one expert called 'too risky.' The city of Vernon has amassed nearly half a billion dollars of debt and suffered major losses over the last six years in an aggressive pursuit of investments through its electric ...


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8/12 Daily Financial News

// Financial Aftershocks With Precedent in History
// August 12, 2011 at 1:32 PM

http://www.nytimes.com/2011/08/13/business/financial-aftershocks-with-precedent-in-history.html?src=me&ref=business
Recent events bear an intriguing resemblance to 1937-38, and the recession within a Depression, which galvanized policy makers who had grown complacent about the recovery.


// Financial Stocks: Financials slide as short sales shift to U.S.
// August 12, 2011 at 10:42 AM

http://www.marketwatch.com/news/story.asp?guid=%7B60ADF4B4-C4E7-11E0-9192-00212803FAD6%7D&siteid=rss&rss=1
Financials close down more than 1% as a short-sale ban in Europe forces speculators to look for bank shares in the U.S. to short. .


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8/12 Daily Financial News

// Financial Aftershocks With Precedent in History
// August 12, 2011 at 10:33 AM

http://www.nytimes.com/2011/08/13/business/financial-aftershocks-with-precedent-in-history.html?partner=rss&emc=rss
Recent events bear an intriguing resemblance to 1937-38, and the recession within a Depression, which galvanized policy makers who had grown complacent about the recovery.


// Market Turmoil: Four Questions to Ask Your Financial Advisor
// August 12, 2011 at 10:11 AM

http://news.yahoo.com/market-turmoil-four-questions-ask-financial-advisor-141149852.html
When the market has one of those periods of excessive up-and-down motion (commonly referred to as volatility), people look for someone to explain why it's happening and what to do about it. If you have one, you may want to ask your financial advisor four questions.This comes to mind as the market opens during a week when the S&P experienced record volatility. ...


// Financial Aftershocks With Precedent in History
// August 12, 2011 at 7:59 AM

http://www.nytimes.com/2011/08/13/business/financial-aftershocks-with-precedent-in-history.html
Recent events bear an intriguing resemblance to 1937-38, and the recession within a Depression.


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8/12 Daily Financial News

// Money Matters: Financial Planning
// August 12, 2011 at 5:19 AM

http://rochester.ynn.com/content/other_features/553175/money-matters--financial-planning
Financial planning is important for everyone, no matter what income bracket they may fall in. Money Matters reporter Tara Lynn Wagner filed the following report.


// Europe curbs short-selling in financial stocks
// August 12, 2011 at 3:05 AM

http://news.yahoo.com/europe-curbs-short-selling-credit-markets-swoon-002912151.html
PARIS/MADRID (Reuters)- A ban on short-selling financial stocks in four European countries including France takes effect on Friday, a coordinated attempt to restore confidence in markets hit by rumors and higher borrowing costs.


// Updates on Financial Market Upheaval
// August 11, 2011 at 10:31 PM

http://thelede.blogs.nytimes.com/2011/08/09/latest-updates-on-financial-market-upheaval/
The Lede is tracking the global financial markets on Tuesday.


// Financial District Turning Governmental, Study Finds
// August 11, 2011 at 10:06 PM

http://cityroom.blogs.nytimes.com/2011/08/11/financial-district-turning-governmental-study-finds/
A report from the Alliance for Downtown New York found that city, state and federal agencies now combine to employ more people south of Chambers Street than any other industry.


// This time, US fears a financial crisis from abroad
// August 11, 2011 at 6:48 PM

http://news.yahoo.com/time-us-fears-financial-crisis-abroad-215554702.html
Three years ago, a financial crisis triggered by bad mortgage investments spread from U.S. banks to Europe. Panicky financial markets tanked.


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8/11 Daily Financial News

// Financial turmoil evokes comparison to 2008 crisis
// August 11, 2011 at 2:59 PM

http://www.mercurynews.com/rss/ci_18656887?source=rss
It feels eerily familiar: Stocks are plummeting. The economy is slowing. Politicians are scrambling to find solutions but are mired in disagreement. Many Americans are wondering whether they are in for a repeat of the financial crisis of 2008.


// Financial Steadiness Shows Sen. Lindsey Graham Has Earned Re-Election
// August 11, 2011 at 1:46 PM

http://news.yahoo.com/financial-steadiness-shows-sen-lindsey-graham-earned-election-174600277.html
As Americans' approval of politicians has fallen to new lows, Yahoo! News asked its readers and contributors to tell us whether they'd re-elect their representatives in Congress. Below is a commentary from a voter.


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8/11 Daily Financial News

// Financial Repression & Shearing The Sheep
// August 11, 2011 at 11:21 AM

http://news.goldseek.com/GoldSeek/1313075933.php
"Financial Repression" may sound like a phrase coined by a radical, anti-government fringe group. In fact, however, it is the academic term used to describe the highly successful strategy used by Western governments to pay down their World War II debts.


// What To Ask Your Potential Financial Advisor
// August 11, 2011 at 11:20 AM

http://news.yahoo.com/ask-potential-financial-advisor-152040527.html
In these crazy times of volatile stock prices, low interest and changing economics, making  financial decisions is not easy. And while using the services of a financial advisor can help finding a great advisor is not easy either.When you're on the hunt for a financial advisor knowing what to ask him or her is key. ...


// 4 Financial Stocks for Volatile Markets
// August 11, 2011 at 11:19 AM

http://www.thestreet.com/story/11218191/1/4-financial-stocks-for-volatile-markets.html?cm_ven=RSSFeed
NEW YORK (TheStreet) -- Financial stocks have taken a beating all year, and the recent period of market volatility has been no exception. From the Aug. 3 close through Wednesday, the Financial Select Sector SPDR, a widely-followed exchange-traded funds that tracks the financial sector, has fallen 15.46% versus a 9.92% drop for the Dow Jones Industrial Average during that same time period. As a ...


// Delphi Financial Group To Trade Ex-Dividend
// August 11, 2011 at 10:21 AM

http://news.yahoo.com/delphi-financial-group-trade-ex-dividend-142130891.html
According to DividendChannel.com, on 8/15/11, Delphi Financial Group, Inc. (DFG) will trade ex-dividend, for its quarterly dividend of $0.12, payable on 8/31/11. As a percentage of DFG's recent stock price of $22.00, this dividend works out to approximately 0.55%.Below is a dividend history chart for DFG, showing historical dividends prior to the most recent $0.12 declared by Delphi Financial ...


// Financial Stocks: Citigroup, Bank of America drive financials higher
// August 11, 2011 at 10:12 AM

http://www.marketwatch.com/news/story.asp?guid=%7B1BD59332-C420-11E0-9192-00212803FAD6%7D&siteid=rss&rss=1
Shares of the biggest U.S. banks again are a focal point for investors, trading higher in the early going.


// Financial Stocks: Citi, B. of A. back to manic after being depressed
// August 11, 2011 at 10:07 AM

http://www.marketwatch.com/news/story.asp?guid=%7B1BD59332-C420-11E0-9192-00212803FAD6%7D&siteid=rss
Financials stocks swing back to being the best performers out there after being the worst on Wednesday after jobless claims that dip below 400,000 milestone.


// Two Win Decision Partners Financial Literacy Scholarships on CFNC.org
// August 11, 2011 at 9:56 AM

http://news.yahoo.com/two-win-decision-partners-financial-literacy-scholarships-cfnc-135607684.html
Contact: Ben Kittner, College Foundation Inc., +1-919-835-2336, 1-866-866-CFNC, bkittner@cfi.org


// Financial Planning for Free: What's the Catch?
// August 11, 2011 at 9:27 AM

http://www.forbes.com/sites/financialfinesse/2011/08/11/financial-planning-for-free-whats-the-catch/?feed=rss_home
We?ve
all heard the phrase ?There?s no such thing as a free lunch" and as cliched as it is, I personally consider it the most accurate piece of advice I?ve ever gotten.?? It never fails; there is always some sort of ?catch?. ??Free means lower quality, or it means a sales pitch comes at the ...


// Financial Planning for Free: What's the Catch?
// August 11, 2011 at 9:18 AM

http://www.forbes.com/sites/financialfinesse/2011/08/11/financial-planning-for-free-whats-the-catch/
We've all heard the phrase "There's no such thing as a free lunch? and as clichéd as it is, I personally consider it the most accurate piece of advice I've ever gotten.  It never fails; there is always some sort of "catch".  Free means lower quality, or it means a sales pitch comes at the end, or it's a harbinger for false advertising.  In other words, the free lunch is really a just a light ...


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Monday, August 8, 2011

Welcome to My Blog!

This is my new financial blog. I hope you find the information you need and come back often!