| //04-23-2009 |
Morgan Stanley (NYSE: MS) will hold its first quarter investor conference call hosted by Colm Kelleher, Executive Vice President and Chief Financial Officer, on Wednesday, April 22, 2009 at 11:00 am Eastern time. The call will be available at www.morganstanley.com or by dialing 1-877-391-6850 (passcode 75875470) within the United States. International callers dial 1-617-597-9299 (passcode 75875470). A replay of the call and webcast will be available through May 22, 2009. To listen to the playback dial: 1-888-286-8010 (passcode 18825176) within the United States or 1-617-801-6888 (passcode 18825176) internationally.
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| //04-23-2009 |
Charles Schwab Investment Management, the asset management arm of the Charles Schwab Corporation, announced strategic changes to its target-date mutual funds to enhance the portfolios and reduce expenses. The aim of these enhancements is to help investors more effectively achieve their long-term retirement savings goals.
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| //04-23-2009 |
T. Rowe Price Group, Inc. (NASDAQGS:
TROW)
reported its first quarter 2009 results, including net revenues of $384.5 million, net income of
$48.2 million, and diluted earnings per share of $.19. These results include noncash
charges of
$35.6 million for the “other than temporary” impairment of certain of the firm’s investments in
sponsored mutual funds. This nonoperating
charge, after related tax benefits, reduced by $.08
what would have been diluted earnings per share of $.27 in the first quarter. Net revenues in the
first quarter of 2008 were $559.1 million when net income was $151.5 million and diluted
earnings per share was $.55.
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| //04-23-2009 |
Scottrade, a leading branch supported online investment firm, is opening its first branch office in Canton, Mich. The branch, located at 42927 Ford Road in the Canton Corners Shopping Center, will open on April 27 and will be the first online brokerage office in Canton.
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| //04-22-2009 |
Morgan Stanley Investment Management (MSIM) announced that Morgan Stanley Alternative Investment Partners (AIP) raised $1.14 billion in commitments for Morgan Stanley Private Markets Fund IV ("Private Markets Fund IV"), a private equity fund of funds. The capital raised for Private Markets Fund IV represents a nearly 15 percent increase over that of Morgan Stanley Private Markets Fund III ("Private Markets Fund III"), which AIP closed in 2006.
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| //04-22-2009 |
Risk appetite has started to pick up on the back of improving global economic sentiment, according to the Merrill Lynch Survey of Fund Managers for April. Optimism about growth has reached its highest level since early 2004. A net 26 percent of respondents say the global economy will strengthen in the next 12 months, up sharply from negative 24 percent in January.
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| //04-22-2009 |
The Charles Schwab Corporation announced today that it has scheduled a Business Update for institutional investors on Thursday, April 30, 2009. This Update is designed to help the investment community keep abreast of recent developments and management’s strategic focus. The program is scheduled to run from approximately 9:00 a.m. - 1:00 p.m. PT, 12:00 p.m. - 4:00 p.m. ET. Participants will include members of the Company’s executive management.
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| //04-17-2009 |
At its annual meeting today, stockholders of T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) reelected all nine nominees to the Board of Directors. Stockholders also ratified the reappointment of KPMG LLP as the Company's independent registered public accounting firm.
There was no discussion of first quarter 2009 earnings during the meeting; earnings will be released before the market opens on Wednesday, April 22, 2009.
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| //04-17-2009 |
Online investment firm provides tips on making better∓informed investment decisions, connects selfâ directed investors
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| //04-17-2009 |
Richard D. Tadler has been elected to the Fidelity® Charitable Gift Fund's Board of Trustees, Scott Bergeson, the chairman of the Board, announced today.
Tadler is a managing director at TA Associates, a $12 billion private equity firm with offices in Boston, London, Mumbai and Menlo Park, Calif. Tadler, who resides in Rockport, Mass., heads TA's Healthcare Group in Boston.
With Tadler's election, the Fidelity Charitable Gift Fund ("the Gift Fund") expands its board membership to eight trustees.
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| //04-16-2009 |
Morgan Stanley (NYSE: MS) will hold its first quarter investor conference call hosted by Colm Kelleher, Executive Vice President and Chief Financial Officer, on Wednesday, April 22, 2009 at 11:00 am Eastern time. The call will be available at www.morganstanley.com or by dialing 1-877-391-6850 (passcode 75875470) within the United States. International callers dial 1-617-597-9299 (passcode 75875470). A replay of the call and webcast will be available through May 22, 2009. To listen to the playback dial: 1-888-286-8010 (passcode 18825176) within the United States or 1-617-801-6888 (passcode 18825176) internationally.
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| //04-16-2009 |
The Charles Schwab Corporation announced today that its net income was $218 million for the first quarter of 2009, down 29% from the first quarter of 2008. The company’s first quarter results include a $26 million pre-tax gain relating to the repurchase of certain outstanding company debt, $14 million in pre-tax net impairment losses on certain mortgage-backed securities, and $59 million in pre-tax charges for severance and other costs relating to its previously announced expense reduction measures.
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| //04-16-2009 |
Scottrade, a leading branch supported online investment firm, has promoted Grant Bourzikas to director of operations technology and enterprise information security and Chris Meitz to director of operational controls. They will both lead teams under the direction of executive director of operations Catherine Maher.
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| //04-15-2009 |
Receive up to 100 commission-free trades, $100 Account Transfer Rebate as well as a $100 cash bonus when you sign-up for a Firstrade account today!
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| //04-15-2009 |
Barron's recently "picked a half dozen top-notch mutual-fund bond specialists that investors should consider. Their managers share three characteristics: They're conservative, savvy, and experienced."
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| //04-14-2009 |
Zecco Holdings, Inc. (www.zecco.com), an online investing site widely known for providing free stock trading through its subsidiary Zecco Trading*, and GAIN Capital, a global provider of online foreign exchange (forex) services, today announced the launch of Zecco Forex, a new online foreign exchange trading service for individual traders.
The collaboration between Zecco Forex, Inc. (www.zecco.com/forex), and GAIN Capital brings together Zecco's strong and growing presence in the online brokerage world with GAIN Capital's proven forex trading technology, execution, clearing and custody services.
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| //04-14-2009 |
With a struggling economy and tuitions expected to reach $200,000 in the next two years, the majority of families are searching for ways to cover college expenses. Whether enrollment is in the fall or 18 years from now, Charles Schwab & Co., Inc. has the resources to help parents make ends meet without raiding their retirement accounts.
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| //04-14-2009 |
Wells Fargo & Company (NYSE: WFC) said it expects to report record net income of approximately $3 billion for first quarter 2009, or approximately $0.55 per common share after preferred dividends, including $372 million in dividends paid to U.S. taxpayers on the U.S. Treasury’s Capital Purchase Program investment. The Company will report its financial results on April 22, 2009.
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| //04-13-2009 |
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) announced that it will report its first quarter 2009 financial results after the close of the U.S. financial markets on Tuesday, April 28, 2009. The Company will host a conference call to discuss the results beginning at 5:00 p.m. (EDT). This conference call will be available to domestic participants by dialing 800-683-1525 and 973-872-3197 for international participants. The conference ID number is 93649598. A live audio webcast and replay of this conference call will also be available at https://investor.etrade.com.
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| //04-11-2009 |
China’s new lending surged by more than six times to a record 1.89 trillion yuan ($277 billion) in March from a year earlier, adding to signs that growth in the world’s third-biggest economy is gathering pace.
M2, the broadest measure of money supply, grew 25.5 percent, the central bank said on its Web site today. That was the fastest pace since Bloomberg data began in 1998 and more than the 21.5 percent median estimate in a survey of 12 economists.
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