Archive for January, 2010

Officials charge ex-LPL Financial broker with fraud

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Wilimington Trust narrows loss, but misses analyst estimates

Wilmington Trust Corp., the banking, trust, and wealth management services company, reported an unexpected quarterly loss Friday due to higher loan loss provisions and impaired securities, masking improvements in its wealth advisory services and corporate client services businesses. Wilmington, which has about $56 billion in assets under management, reported a loss of $11.2 million, or 23 cents a share, narrower than a year-earlier loss of $68.5 million, or $1.02 a share, the company said. Analysts, however, had expected profit of 4 cents a share, according to Bloomberg.

Burger King Set To Beef Up… Just Not Enough To Tempt Us

Could you use an extra $204,100? There’s only one investment capable of turning $50 into as much as $204,100. Last year, the single best performer in this class soared an incredible 9,589%

Toyota reports earnings, Wednesday

M onday, Feb. 1 Absolute Software Corp. reports.

Sifto lays off 80 at Ontario salt mine

R elatively mild weather this winter season is being blamed for the layoff of about 80 people at the Sifto Canada Corp. mine in Goderich, Ont., a major producer of highway de-icing salt. Communications manager Kelly Barton said Friday that several factors, including the weather and a lack of storage, forced the layoffs, which represent about a fifth of the mine’s work force.

CFPA lite? Obama sets up new financial products council

President Barack Obama today signed an executive order setting up a new presidential board that will support financial products and services deemed beneficial to consumers. The Advisory Council on Financial Capability will consist of officials from the Treasury and Education departments and as many as 20 non-government presidential appointees, including financial service providers, consumers and educators, according to the order released by the White House.

Emerging Market Consumers: These Companies Are Set to Profit

Could you use an extra $204,100? There’s only one investment capable of turning $50 into as much as $204,100. Last year, the single best performer in this class soared an incredible 9,589%.

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