Sunday, June 10, 2007

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Couple feels fallout of ethical investing

In Victoria, a couple we'll call Henry and Theresa insist that their investments be socially responsible. At their respective ages of 39 and 37, they work for units of the B.C. government and have advanced degrees, though little knowledge of capital markets.

Over the years, they have entrusted their money to mutual funds and money managers linked to what they have insisted be ethical investing. They have put their social principles ahead of asset selection, with what have turned out to be mostly below average returns by the majority of their mutual funds, which they have used for their registered retirement savings plans and their two children's registered education savings plans.

What our expert says

Facelift asked Derek Moran, president of Smarter Financial Planning Ltd.

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Dividend Capital Total Realty Trust Announces Joint Venture with ...

DENVER--(BUSINESS WIRE)--Dividend Capital Total Realty Trust Inc., a diversified real estate investment trust (REIT), announced today that it has closed on a joint venture with Developers Diversified (NYSE: DDR), the leading owner, manager and developer of market-dominant community centers in the United States.

Developers Diversified has sold a portfolio of three newly developed properties totaling approximately 1.5 million square feet (675,000 square feet owned) to the joint venture for a purchase price of $161.5 million. Dividend Capital Total Realty Trust owns 90% of the joint venture, with Developers Diversified retaining a 10% interest. Developers Diversified will also provide asset management and property management services on behalf of the joint venture.

The retail centers are located in the Raleigh, NC, Philadelphia, PA and Pittsburgh, PA, markets, respectively.

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GSE Council to decide on share pricing

The Ghana Stock Exchange (GSE) Council is expected to take a decision on whether share prices should be quoted to four or two decimal places.

At a meeting in Accra recently, involving GSE officials and the brokers, no decision to choose one of the two options was reached. The final decision must be made before the end of June.

However, in an interview with BusinessWeek, Philip Abodoh of First Atlantic Brokerage indicated that trading to two decimal places means there would be changes in value, in which investors would lose huge sums of their investment.

He cited, as an instance, the share price of Super Paper, which trades at 225 and when the new cedi is introduced will become 2.25 pesewas, thus causing investors to lose the 0.25 pesewas.

He noted however, that trading to four decimal places means that the losses in old currency and the gain in new cedis will be the same, and there will not be changes in value.

Saturday, June 9, 2007

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Should I max out my 401(k) or also invest in other retirement ...

When it comes to planning for retirement, more is always better than less, financial planners say. Let members of the Financial Planning Association of Greater Indiana fill you in on the details. For a list of area financial planners, visit the group's Web site at www.fpagrindiana.org. .

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Ventas to offer nearly $1 billion of common stock

Ventas Inc. plans to offer 23.4 million shares of its common stock to help it repay debt it incurred in its purchase of a Canadian real estate investment trust last month, according to a filing with the U.S. Securities and Exchange Commission.

Ventas said it expects to receive about $961.5 million in proceeds from the public offering, based on an assumed price of $42.83 per share (the last sale price of its stock on May 11). The company will set the price at a later date.

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Hypercom to Include Planet Payment鈥檚 Multi-Currency Processing ...

PHOENIX & LONG BEACH, N.Y.--(BUSINESS WIRE)--Hypercom Corporation (NYSE: HYC) and Planet Payment [LSE:AIM: PPTR and PPT], a leading international multi-currency payment and data processor, today announced support for Planet Payment's multi-currency processing product as an available application configuration within Hypercom's SPOS 32 software for the popular Optimum T4100 in the United States. The two solutions, Planet Payment's Dynamic Currency Conversion (DCC) and Multi-Currency Pricing (MCP) services, provide merchants with powerful pricing localization tools that can drive additional sales from international customers and improve customer service.

With DCC, merchants continue to price their goods in United States dollars. After a MasterCard or Visa card issued in one of the supported foreign currencies is swiped on an Optimum terminal, the device will automatically display the transaction amount in both US Dollars and the customer's currency.

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Forex Daily Technical Report Euro Strengthens against Dollar and ...

Euro strengthens against dollar and yen ahead of the highly anticipated ECB rate decision and press conference today. It's widely expected that ECB will raise rate by 25bps to 3.75% today after Trichet's signal with the usage of "vigilance' in last meeting. While ECB is still expected to continue tightening this year, the opinion on the timing is divided and hence, focus of the markets will again be on the following press conference on clues on timing of next hike. The below 2% target inflation and persistently strong money supply growth have been the major topics in the market on forecasting ECB's next moves. Today's 2008 inflation forecast will be closely watched and should solve part of the puzzle. Meanwhile, BoE is expected to keep rates unchanged at 5.25% and will likely be a non-event.

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TD Ameritrade Cuts Guidance, Blames Soft Trading

Investors took shares offline at TD Ameritrade Holding (AMTD) after the online brokerage and bank missed estimates for its fiscal second quarter and told shareholders to expect weaker results for the full fiscal year. The stock dropped 9% in heavy trading Tuesday.

The company reported earnings of 23 cents a share for its second quarter ended March 31, compared to 30 cents in the year-ago period. Wall Street analysts on average expected earnings of 24 cents a share, according to Thomson Financial.

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Deals, Deployments, and Short News

May 08, 2007 | Eclipsys will restate earnings following completion of a voluntary review of the company's stock option grant practices and related accounting issues. The review covered stock option grants made from the company's IPO in August 1998 until the present, with particular focus upon grants made before implementation of the Sarbanes-Oxley Act in July 2002. Eclipsys identified stock option grants made that had exercise prices lower than the fair market value, and concluded approximately $8.5 million in additional aggregate non-cash stock-based compensation expense should have been recognized from 1999-2006. This results in approximately $500,000 in related incremental payroll withholding taxes over the same period. 鈥淭he Company is working diligently to prepare its Annual Report on Form 10-K for the year ended December 31, 2006, which will affect the restatements as described above." Eclipsys incurred approximately $1.0 million in costs associated with the stock option review during the first quarter of 2007, and expects to incur approximately $1.5 million to $2.0 million in the second quarter of 2007.

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Marwyn's man : James Cosellis

James Corsellis, 36, is managing partner of Marwyn, a hedge fund with $130m of assets under management. It sets up Aim-listed shells and works with management teams to make acquisitions in sectors including gaming, utilities and insurance. Mr Corsellis was previously chief executive of online auction company icollector.com. He talks about the new hot investment sectors, and the important lessons learned from the dotcom era.

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Friday, June 8, 2007

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Interactive Brokers launch direct access HK stock trading

(MENAFN - Asia Pulse) Interactive Brokers has recently added the trading of stocks and warrants in Hong Kong to its worldwide direct access platform.
Commissions for stocks and warrants are 0.088 per cent of the trade value, with an HKD 18.00 minimum, plus any stamp duty and SFC transaction fees.

Interactive Brokers continues to offer the trading of Hong Kong Futures with commissions for the Hang Seng Index and other Hong Kong futures contracts starting at HKD 9.50 and going as low as HKD 2.00 for high volume customers*.

A full list of all market centers and products that IB makes available in 16 countries can be found at http:/ www.interactivebrokers.com/en/trading/products.php .

Traders and investors with a need for direct international access to stocks, warrants, options, futures, forex, and bonds are encouraged to complete an electronic application at http:/ www.interactivebrokers.com .

Wednesday, June 6, 2007

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To Woo Wealthy, Lexus Attempts Image Makeover

For years, Toyota Motor Corp.'s Lexus division pitched its cars as the practical alternative to European luxury brands like BMW and Mercedes. And over time, the Lexus brand came to be known as kind of expensive, always respectable -- and a little boring.

"Lexus cars are made to be luxurious and forgettable," says Ryan Wilsey, a 29-year-old Boston resident who works in venture capital. Formerly an owner of a Porsche Boxster, Mr. Wilsey's dream cars are a BMW M3 coupe or a Ferrari.

Now, with Toyota's sales hitting new records, it craves a makeover for Lexus. It wants to become ...

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Lease-to-buy program moves forward

The La Salle County Board is inching closer to creating a new squad car rotation cycle to replace high-mileage cars in the fleet.

Sheriff Tom Templeton plans to present to Finance Committee members a proposal entailing a lease-to-buy program, which could provide the sheriff's office with seven new squads this year and each following year.

The county previously had a rotation cycle in which new squads were purchased every year, but because of lack of funds, that program was eliminated in 2004.

Squad cars, some which are approaching or have surpassed the 200,000-mile mark, continue to break down, and three of 28 squads used for patrol now are undriveable because of engine problems. Board members are faced with replacing those high-mileage vehicles.

"This is not going to stop; it's just a progression," Templeton told members of the county's Sheriff and County Radio and Court Security Committee Friday.

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What's up in the Mid-Hudson

The Fusileers Fife and Drum Corps will hold its annual two-penny social 6 p.m. Saturday at the Union Vale Firehouse, Route 82, Verbank.

Drawings will be at 7:30 p.m. There will be hundreds of prizes and refreshments.

Call 845-227-5412.

Rhinebeck GOP dinner to feature spaghetti

The Rhinebeck Republican Committee will serve spaghetti 5-8 p.m. Saturday at the American Legion, 30 Mill St.

The menu includes salad, bread, spaghetti, meatballs, homemade desserts and a beverage. Beer and wine will be available at an extra charge.

Adults cost $9; children 6-10 cost $3; those under 6 eat free.

Take-out will be available. Tickets can be bought at the door or by calling 845-876-2436.

Bingo night scheduled at Highland school gym

A bingo night will be held Saturday at St.

Tuesday, June 5, 2007

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Johnson: How does anyone survive turning 50? By cashing in

They had to go do it, to remind me in black and white of the one thing I was desperately trying to ignore for just a few more months.

In my mind, you see, it still seems like only, well, at least a couple of weeks ago that I was taking out of its plastic wrapper the powder-blue tuxedo, bow tie, cummerbund, and dress shirt with the ridiculously puffy blue ruffles that I wore along with white shoes beneath a giant, perfectly trimmed Afro to my senior prom.

That I cannot remember the name of the girl I took ought to remind me, I guess, of how long ago that was.

Wasn't it only a few years ago that Father Charley, unnerved by the incessant clickety clack of the steel baseball spikes I had forgotten to take off in my rush to make 6 p.m. Mass, finally stopped Communion, pulled up my altar boy's alb and glared at me?

Of course it wasn't, as the thick envelope my wife waved at me the other day screamed.

Monday, June 4, 2007

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Expanded 401(k) fee disclosures 'likely'

Congress is likely to pass legislation to expand 401(k) fee disclosures later this year, said James M. Delaplane, Jr., a partner with Davis and Harman LLP, this morning.

Mr. Delaplane spoke at the in front of nearly 400 attendees at the InvestmentNews 2007 Retirement Income Summit at the Grand Hyatt in New York.

Many political leaders are worried about the issue of fees, he said and legislators believe that retirement assets are being diminished because of the hefty fees that some participants are paying, Mr. Delaplane said.

While fee disclosures for 401(k) plans are a priority for Congress, he said, it is unlikely major tax changes with implications on retirement will occur until 2009 or 2010 because the Pension Protection Act that was passed into law last year.

Were seeing some fatigue among retirement issues, he said.

Sunday, June 3, 2007

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Arizona Offers Auto Insurance Comparison Guide

The Arizona Department of Insurance has released the latest edition of its "Automobile Insurance Premium Comparison" to aid consumers with comparison shopping for auto insurance. The publication contains price quotes from 75 insurers for a dozen different driver scenarios, highlighting the advantages for those who reduce the number of miles driven.

According to the guide, on average, insurers offered a $94 discount for Phoenix residents who took the bus to work, although it noted carpooling or alternate means of transportation could have the same benefit. "At least 36 insurers offer discounts to customers who significantly reduce their annual mileage by taking the bus to work every day," said Insurance Director Christina Urias. "There are more reasons than ever to give the bus a try -- help reduce pollution, avoid the stress of traffic and save money on your auto insurance."

The guide also includes a summary and explanation of the different types of auto insurance coverage available, and provides insurer complaint ratios, representing the total number of written complaints the Department has received for each 1,000 policy exposures an insurer has in force.

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American Family offers Teen Safe Driver ProgramSM

The Teen Safe Driver ProgramSM, an innovative new program that helps young drivers overcome the challenges of learning how to drive, became available to American Family's automobile insurance customers in Wisconsin on March 1. More information is available from American Family insurance agents Kevin Carnine at 114 Monroe St, Pete Parker at 94 Stoddart St or Rick Schmitt at 1748 N Spring St. American Family, in association with DriveCam Inc., is providing Teen Safe Driver to American Family automobile insurance customers in Indiana, Minnesota and Wisconsin at no cost. The program is open to American Family customers who have a teen driver in their household, for up to one year. Teen Safe Driver provides teens and their parents an in-vehicle video and audio unit that captures risky driving behaviors.

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Nat-ural Philosophy: Wiener Opernball brings class to Stanford

For one night out of the year, the word "Wiener" ceased to be funny (at least for everyone else in the room), as Stanford participated in a nearly 80 year-old tradition that we conveniently appropriated from Austria, the Wiener Opernball, or Viennese Ball.

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That Was Then 3.9.07: The History Of The Madness Part 4 - Playing ...

When Macho Man Randy Savage went to WCW, he went from announcing Monday Night Raw to being booked with Hulk Hogan, Lex Luger, and Ric Flair. He was Where The Big Boys Play, and he was truly playing with the Big Boys of the business.

Following the end of his feud with Crush at Wrestlemania 10, Macho Man Randy Savage returned to his role as a TV announcer. However, this left him feeling unfulfilled with his career as it stood since he thought he still had some wrestling left in him, and it was this dissatisfaction which caused him to sign with WCW, a move which surprised Vince McMahon and caused hard feelings between the two which last to this day. He came to WCW intending to resume his career as a wrestler, and he started crossing paths with old acquaintances almost immediately.