Archive for January 21st, 2010

Google ad sales surge

G oogle Inc. GOOG-Q revved up its Internet advertising sales to quintuple its fourth-quarter profit.

Google profit beats forecasts

G oogle Inc. GOOG-Q reported strong fourth-quarter numbers on Thursday, beating analyst expectations and furnishing more proof that the online advertising market – which tends to mirror the health of the broader economy – is bouncing back. Revenue at the world’s most popular search engine jumped 17 per cent to $6.67-billion (U.S.) for the quarter ended Dec

Pension plans fail mid-income earners: report

T here are shortfalls in both government and private-sector pension programs in Canada, leaving middle-income earners especially vulnerable to retiring with inadequate incomes, according to a new report by a provincial committee examining pension reforms. The report suggests a bleaker outcome for future retirees than a similar paper commissioned by the federal government from tax expert Jack Mintz and released in December at a meeting of finance ministers in Whitehorse.

Ponzi accused Weizhen Tang denied bail

A Toronto financial adviser charged with defrauding investors of some $30-million has been denied bail. Weizhen Tang is accused of bilking about 100 investors in Canada, the United States and China through a Ponzi scheme. Mr.

Canadian law firm hired to hunt Bernard Madoff asssets

A U.S. federal judge has authorized the trustee liquidating Bernard Madoff’s investment firm to hire a Canadian law firm to help track down the imprisoned Ponzi schemer’s assets in Canada. U.S

The cost of bad habits

I don’t mean to get all preachy, but just in case anyone needed an extra incentive to kick a bad habit as we start the New Year, money is a good one. Vices such as smoking, immoderate gambling and drinking put a real dent in your finances. Take smoking

Finra laying off five enforcement officials, report says

The Financial Industry Regulatory Authority Inc. is laying off five enforcement officials, according to a Dow Jones report today.

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