Archive for January 27th, 2010

How Toyota’s woes spread, how one Fed member sees it

T oday’s top stories from Report on Business : Apple unveils the ‘iPad’ Apple Inc. AAPL-Q chief executive officer Steve Jobs today launched the iPad tablet, a device meant to fall between a smart phone and a laptop that can browse the Web and offer books, movies, games and other applications.

Facebook faces new privacy probe

T he federal privacy watchdog is looking into a new complaint about Facebook, the popular social networking site. Privacy Commissioner Jennifer Stoddart said Wednesday the complaint focuses on a personal-settings tool introduced by Facebook Inc.

Financial Planning Coalition accepts reality on regulatory reform

In the face of opposition from influential insurance and securities industry groups, the Financial Planning Coalition has moderated its ambition to get Congress to establish a broad regulatory scheme for financial planners. After lobbying for a House bill that would define financial planning as anything encompassing two or more financial services to individual clients and subjecting those planners to an industry oversight board, it is now merely asking Congress to authorize a baseline standard and asking practitioners to seek licensing voluntarily from a coalition-endorsed authority. The FPC, comprising the Financial Planning Association, the Certified Financial Planner Board of Standards Inc

Apple iPad revealed; Advent software announces latest version of Axys

Apple Inc. today unveiled its long-rumored tablet, the iPad.

E*Trade says loss narrowed in the fourth quarter

E*Trade Financial Corp. reported a narrower fourth quarter loss late Wednesday as the online broker reduced its provision for loan losses. For the final three months of the year, E*Trade reported a loss of $67.1 million, or 4 cents per share.

Fed holds rates at record low

T he U.S. Federal Reserve Board has decided to hold interest rates at a record low and pledged to keep them there for an “extended period” to nurture the economic recovery and lower unemployment.

AGF’s growth strategy is not well understood, CEO says

Wednesday, January 27, 2010 3:00 PM AGF’s growth strategy is not well understood, CEO says Shirley Won B lake Goldring is miffed that AGF Management’s AGF-T story is not well understood. “I believe our growth strategy is right on track, but AGF stock is undervalued,” AGF’s chief executive officer complained after the firm released fourth-quarter results that swung to a profit from a year-ago loss. See story.

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