Financial Services News

Financial Services Industry News and Information

February 7th, 2007

IE7 – the First Browser to Support EV SSL Certificates Category


Softpedia – We are already seeing businesses such as eBay, PayPal, Charles Schwab, Overstock.com , French Soaps and Stardock) beginning to use EV to offer verified identity information to their users, said Jeremy Dallman, IE Program Manager. Towards the end

In an Enclave of Serious Wine Lovers, a Mesmerizing Theft
New York Times – Like a sauvignon blanc with an ash-covered ch vre, theft and wine make a heady pairing, especially in Atherton, the sought-after nesting place of venture capitalists and magnates like Charles Schwab , of the wealth management company, and Tom Proulx

Stock Research Wall Street Makes Fortune Sweeping Your Cash
Best Syndication – The master of this game is Charles Schwab, the discount brokerage house. They were using this technique years before anyone else. Merrill apparently took it from them. Today if you study Schwab’s financials closely, there is no question that they

Dell Founder Reassumes CEO Role As Rollins Abruptly Quits
Investors Business Daily – Michael Dell joins the ranks of discount brokerage pioneer Charles Schwab and Apple ’s ( AAPL ) Steve Jobs, who made similar returns to their former CEO jobs at the companies they started. Dell is the right man to get the company back on the right path

Bringing Search Engine Marketing In-House
E-Commerce Times – He’s responsible for leading SEMphonic’s development of Web analytics and SEM decision making tools for Web marketing professionals. In addition, he helps companies like WebMD, Intuit, American Express and Charles Schwab maximize their Web channel

Pumping And Dumping Is Much Faster When You Can Do Both Yourself With
Tech Dirt – In the example case given, Charles Schwab catches onto the fraud less than 10 minutes after one of their accounts is involved, and blocks another transaction. The other interesting point, is that the Washington Post followed up with a CEO at one of

Chat rooms are identity thieves’ street corners
San Jose Mercury News – Indeed, Charles Schwab Corp. is holding a session at its upcoming Impact 2006 conference in November on how to teach clients about the problem. Vanguard Group Inc. added a “Security Center” section to its Web site to teach consumers about identity

February 7th, 2007

Bruce Ratner joins Forest City board


Cleveland Plain Dealer – The candidates are vying to replace Commissioner Judy Jones, whose term expires in April. The appointment will be closely Chief Exectuive Edward Crawford said that through consolidation of remote administrative operations, the company will

Herald Democrat
Herald Democrat – Paula Rivoire, Cecil Mask and Kerwin Jones, all of Sherman; Bob Garvin of Whitesboro; Cecile Clark of Pontiac, Mich.; Nathaniel Montgomery and Melvin Miller, both of Luella; John Edward Pippard II of Plano; Brent Taraba of McKinney; Norma Jean White

Waitangi trust ‘amazed’ at fuss over site entry fee
New Zealand Herald – with a lengthy press release, saying it was “utterly amazed” by the criticisms of Labour Northland list MP Shane Jones, who Ian Torlesse, a representative of the family of the late Edward Gibbon Wakefield. * Dame Joan Metge, chosen as a person

Kentucky datebook
Lexington Herald-Leader – Edward Jones investment representative Grover Mollineaux will present Making Sense of Retirement at 6:30 p.m. Thursday at 1060 Chinoe Road, Suite 136. Reservations: (859) 269-4800. The Bluegrass Chapter of Better Investing will conduct a Club

Murray County Superior Court
Daily Citizen-News – James Edward Caylor Jr., 695 Calahan Road, Dalton, to possession of less than an ounce of marijuana and driving on a Jonathan Earl Jones, no address available, to possession of methamphetamine. He was sentenced to five years, with 90 days in

February 7th, 2007

Power To The People


News4Jax.com – The full-service category includes all the names that come to mind when we think of stockbrokers: Merrill Lynch , SmithBarney and Morgan Stanley . While these firms have higher commissions, minimum investment requirements and fees than the discount

Investing to help achieve long-run goals
Nevada Appeal – Marston’s report, e-mail me at William.a.Creekbaum@smithbarney.com or call 689-8704. William Creekbaum, MBA, CFP, a Washoe Valley resident, is senior investment management consultant of SmithBarney, a financial services firm serving Northern

Adobe System 38.46 0.02
Olympian – Funds Invest. 34.18 American Funds Growth 33.52 American Century Ultra 27.66 Fidelity Aggressive 19.98 Fidelity Equity Income 59.99 Fidelity Growth Co. 70.97 Fidelity Overseas 45.62 Fidelity Puritan 20.34 Janus 29.02 Janus Worlwide 52.12 SmithBarney

Ad Spending Trends: The Internet and Other Media
IT-Analysis.com – SmithBarney; TNS Media Intelligence; Veronis Suhler Stevenson and others with a wealth of eMarketer numbers, projections and analysis to give you the up-to-date information you need to make smart, savvy advertising decisions. Sources: Advertising Age

Stock markets end year in strong position
Nevada Appeal – For more information on market and economic updates, call 689-8704 or e-mail william.a.creekbaum@smithbarney.com . William Creekbaum, MBA, CFP, a Washoe Valley resident, is senior investment management consultant of SmithBarney, a financial services

February 7th, 2007

Ad Spending Trends: The Internet and Other Media


IT-Analysis.com – SmithBarney; TNS Media Intelligence; Veronis Suhler Stevenson and others with a wealth of eMarketer numbers, projections and analysis to give you the up-to-date information you need to make smart, savvy advertising decisions. Sources: Advertising Age

Investing to help achieve long-run goals
Nevada Appeal – Marston’s report, e-mail me at William.a.Creekbaum@smithbarney.com or call 689-8704. William Creekbaum, MBA, CFP, a Washoe Valley resident, is senior investment management consultant of SmithBarney, a financial services firm serving Northern

Stock markets end year in strong position
Nevada Appeal – For more information on market and economic updates, call 689-8704 or e-mail william.a.creekbaum@smithbarney.com . William Creekbaum, MBA, CFP, a Washoe Valley resident, is senior investment management consultant of SmithBarney, a financial services

Power To The People
News4Jax.com – The full-service category includes all the names that come to mind when we think of stockbrokers: Merrill Lynch , SmithBarney and Morgan Stanley . While these firms have higher commissions, minimum investment requirements and fees than the discount

Saving graces: Americans put away minimum
Nevada Appeal – For more information, e-mail william.a.creekbaum@smithbarney.com or call 689-8700. William Creekbaum, MBA, CFP, a Washoe Valley resident, is senior investment management consultant of SmithBarney, a financial services firm serving Northern Nevada at

Adobe System 38.46 0.02
Olympian – Funds Invest. 34.18 American Funds Growth 33.52 American Century Ultra 27.66 Fidelity Aggressive 19.98 Fidelity Equity Income 59.99 Fidelity Growth Co. 70.97 Fidelity Overseas 45.62 Fidelity Puritan 20.34 Janus 29.02 Janus Worlwide 52.12 SmithBarney

February 7th, 2007

CBRE/New England to lease Summer Street office building


Boston Business Journal – The assets were sold by Morgan Stanley Real Estate following its purchase of Glenborough Realty Trust (NYSE: GLB, GLB, PrA). The portfolio contained six Massachusetts buildings totaling 1.2 million square feet. The entire portfolio — with assets in

New Peugeot Citroen CEO sets out recovery plan
MSN MoneyCentral – It is the first time they beat consensus numbers in I think a couple of years and it may be a big enough beat to drive a modest consensus upgrade for the first time in years,” said analyst Adam Jonas at Morgan Stanley. “It’s too soon to tell but

Around the Markets: Bankers bullish on Malaysian stocks
Herald Tribune – Fund managers should hold more Malaysian equities than the country’s representation in the Morgan Stanley Capital International Asia-Pacific excluding the Japan index, Jolley said. Overseas investors held $6.21 billion of Malaysian equities at the end

UPDATE 1-Morgan Stanley launches A$850 mln 4, 10-yr bonds
Reuters – Last: SYDNEY, Feb 7 (Reuters) – Morgan Stanley (MS.N: Quote , Profile , Research ) has launched a minimum of A$850 million ($659 million) of senior Kangaroo bonds in four- and 10-year durations, an investor looking at the offer said on Wednesday. ANZ

Goodyear to step down as chairman of BHP Billiton
Herald Tribune – It’s still quite positive and quite robust,” said Craig Chambers, an analyst at Morgan Stanley in Melbourne. Finding a new chief executive is unlikely to pose a challenge either, he said, and two strong internal candidates are already being mentioned

Trident Resources cancels $300 mln IPO
Reuters – Securities and Exchange Commission, cited market conditions and changes to its financing plans as reasons to pull its IPO documents. The underwriters were Credit Suisse, Morgan Stanley and TD Securities. Salt Lake City, Utah-based Trident did not

February 7th, 2007

American Eagle To Leave Nasdaq For NYSE


Beurs.nl – Last year saw E*Trade Financial Corp. (ETFC) leave the Big Board to return to Nasdaq, where the online financial-services company had been originally listed before decamping for the NYSE in 2001. In a statement, American Eagle Chief Executive Jim O

Latest News
dBusinessNews.com – E*TRADE FINANCIAL Corporation Announces Upcoming Presentations NEW YORK — E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) announced today Mediacom Reaches Retransmission Consent Agreement with Sinclair; Broadcast Stations Immediately Restored NEW

Buying back into day trading
Record Searchlight – Although trading activity doesn’t resemble the frenzy of the late 1990s, electronic stock brokers such as Charles Schwab Corp. and E-Trade Financial point to a marked uptick in business. Schwab, for example, averaged 242,300 trades a day in the first

By: Leslie Taylor
Inc.com – TBL), or E*Trade (NASDAQ:ETFC) — all former Inc. 500 companies — and create a database that can be used by customers, vendors, and financiers to study company growth and the entrepreneurial economy in the United States. “We want to discover, learn

Thank you PR WEB.
PRWeb – “After being picked-up by over 1,190 PRWeb subscribers, and ending up on E*TRADE radio as a result, we’re more than happy with the value proposition you folks have put together. Where else can you put out a measly $200 and be seen by such high

February 7th, 2007

Fitch Upgrades 8 Classes of Morgan Stanley Capital I Trust 2003-IQ5


Forbes – –$30.2 million class C to ‘AA+’ from ‘A+’; –$7.8 million class D to ‘AA-’ from ‘A’; –$5.8 million class E to ‘A+’ from ‘BBB+’; –$6.8 million class F to ‘A-’ from ‘BBB’; –$7.8 million class G to ‘BBB’ from ‘BBB-’; –$5.8 million class H to ‘BBB

Business Briefing
Seattle Post Intelligencer – The New York Times reported Tuesday that they include Merrill Lynch & Co., Morgan Stanley, UBS AG and Deutsche Bank AG. EARNINGS NEWS Northwest Airlines narrows quarterly loss to $267 million MINNEAPOLIS — Bankrupt Northwest Airlines Corp. said that its

Tuesday’s Analysts’ Upgrades and Downgrades
Street.Com – State Street ( STT – Cramer’s Take – Stockpickr ) upgraded at Morgan Stanley: Morgan Stanley upgrades State Street from underweight to equalweight after the company agreed to buy Investors Financial. Tellabs ( TLAB – Cramer’s Take – Stockpickr

Fitch Upgrades 5 Classes of Morgan Stanley 2002-IQ2
Forbes – Fitch upgrades Morgan Stanley Dean Witter Capital I Trust 2002-IQ2 commercial mortgage pass-through certificates, series 2002-IQ2, as follows: –$24.3 million class C to ‘AAA’ from ‘AA+’; –$7.8 million class D to ‘AAA’ from ‘AA’; –$7.8 million

Weight-loss surgeries more common for teens, younger
CNN – Similar studies are under way at the University of Illinois Medical Center in Chicago and at the Morgan Stanley Children’s Hospital of New York-Presbyterian, which recently opened a weight-loss surgery center for teens. Doctors there expect to

Ahead of the Bell: SEC/Brokerages
Forbes – Now, the SEC is looking at whether banks like Merrill Lynch & Co. and Morgan Stanley leaked information to other traders, especially hedge funds, making the front-running harder to trace. The paper also named UBS and Deutsche Bank as targets of the

Trust’s 4.5 million-share offering begins
Boston Globe – UBS Investment Bank and Morgan Stanley are the joint book-running managers for this offering. Merrill Lynch & Co., RBC Capital Markets, and Wachovia Securities are the joint lead managers. The co-managing underwriters are Ferris Baker Watts Inc

February 7th, 2007

Say Hello To Alpha Kitty


BusinessWeek – Calculate new payment. Online Stock Trading at TD AMERITRADE Trade free for 45 days + get $100.No maintenance fees. $9.99 Equity Trades. Sign up now. Consolidate Your Loans Federal loan program could now reduce your payments up to 51%! Understand

Standards on the way for encrypting data on tape, disk
Network World Fusion – The need to push through such standards has been made more urgent since high-profile companies such as Ameritrade and Bank of America earlier this year lost unencrypted tapes containing customer data.

Online trading on the CASE may help to level the p
Egypt Today – Most of the well-established online trading companies, including E*TRADE and Ameritrade, provide long lists of warnings and free investment advice for those just getting started. Arab Finance has taken it one step further, providing a post

Crain’s Chicago Business
Crain’s Chicago Business – Konen, of the Chicago Symphony, was a human resources executive before she and her husband, former TD Ameritrade Inc. President Joseph A. Konen, retired to Chicago in 2000. And being on the “right” boards those of the major arts organizations

The Note: Sprinting a Marathon
ABC News – Bill Bradley (D-NJ) are the keynote speakers at the TD Ameritrade Partnership 2007 National Conference on Friday at 1:00 pm ET at the Manchester Grand Hyatt in San Diego, CA. The Alabama Republican Party’s executive committee holds a VIP reception

Net Gains
HispanicBusiness.com – The average TradeStation account trades about 530 times per year, while the average trade frequency for Ameritrade and E*Trade accounts is about 10 times per year, according to annual financial reports. Other top-ranking Hispanic e-commerce

SEC Files Suit Against Suspected Pump-and-Dump Schemer
eWeek – In each case, over a five-week period leading up until Aug. 25, the SEC maintains that either Kamardin or other unidentified parties broke into accounts hosted by ETrade, Scottrade, TD Ameritrade, JPMorgan Chase and Charles Schwab, among others

February 7th, 2007

In Depth: 40 Under 40 Class of 2006


St. Louis Business Journal – Louis bid for cancer vaccine plant [Wednesday] A.G. Edwards opens California bond trading desk [Wednesday] American Airlines promotes Dallas flights [Wednesday] Children’s, Washington U. raise $100 million for new institute [Wednesday] Missouri seeks more

Savings nonexistent? Build a nest egg in 12 steps
Akron Beacon Journal – Americans are still struggling with savings. According to the Commerce Department, the nation’s personal savings rate for 2006 fell to a negative 1 percent, up from last year’s negative 0.4 percent rate. The investment firm A.G. Edwards suggests a

In Depth: Biggest Deals of 2006
St. Louis Business Journal – Local Nov. job market declines as holiday hiring wraps up [Thursday] A.G. Edwards’ Q3 profit jumps 52% [Thursday] President completes sale of local casino to Pinnacle [Thursday] A-B to increase leverage, launches buyback program [Thursday] Young Innovations

Ready to retire?
Daily News – Today, people in general are retiring earlier and we’re living longer,” Phil Trueblood, a financial consultant and branch manager with A.G. Edwards & Sons Inc., said. “People need to be able to come up with a financial revenue stream for at least 20

The Inside Scoop: Walking Indoors Keeps You Active Year-Round
WATE – A.G. Edwards & Sons, Inc., financial consultants, has a 1/3-mile track inside the firm’s corporate headquarters in St. Louis that’s available to all employees — 24 hours a day, seven days a week. Fitness centers and gyms have treadmills

Oil: It’s Back To Supply And Demand
BusinessWeek – Louis-based A.G. Edwards & Sons ( AGE ). “Now, the 25% pullback is scaring the heck out of them.” For all the fast action, O’Grady’s statistical research finds that the recent commodities bull market was, contrary to conventional wisdom, very much

Thank you, Thank you, Thank You
PRWeb – Serena Thompson and Teri Edwards, two stay-at-home moms in Washington State, have found a way to create an event connecting Selander will assist the A&G sales staff in focusing on the unique needs of Payer customers as well as the company’s

February 7th, 2007

Online trading on the CASE may help to level the p


Egypt Today – Most of the well-established online trading companies, including E*TRADE and Ameritrade, provide long lists of warnings and free investment advice for those just getting started. Arab Finance has taken it one step further, providing a post

Super Bowl commercial highlights, lowlights
Orlando Sentinel – E-TRADE E-Trade came up with a couple of sharp commercials. The best presented a bank robbery — pulled off by the bank manager, who told the customers “I’d like to thank all of you for banking with us.” In the second spot, E-Trade told us what we

In attempt to punch up ads, minimal impact was made
Boston Globe – E*Trade decided it might be cute to mock an armed bank robbery. CareerBuilder.com swapped its frat-boy monkeys for an office survivalist contest, featuring swinging water bottles and torture by paper clip. It really made you miss the monkeys. Snickers

Thank you PR WEB.
PRWeb – “After being picked-up by over 1,190 PRWeb subscribers, and ending up on E*TRADE radio as a result, we’re more than happy with the value proposition you folks have put together. Where else can you put out a measly $200 and be seen by such high

Latest News
dBusinessNews.com – Updated Quarter-End Portfolio Data Now Available For BlackRock Closed-End Funds NEW YORK — BlackRock, Inc. today announced that quarter-end fund E*TRADE FINANCIAL Corporation Announces Upcoming Presentations NEW YORK — E*TRADE FINANCIAL

Super Bowl Advertisers Play It for Laughs
Wall Street Journal – Also disappointing were several advertisers that have previously scored big in the Super Bowl, including FedEx Corp., Careerbuilder.com and E*Trade Financial . FedEx, which scored strongly last year with an ad set in the Stone Age, this year went for a