Financial Advisors | Financial Services News for 04/24/2009



Trading Day: TSX rises as traders reward earnings
The senior Canadian stock index posted a triple-digit gain Thursday, clawing back more of the steep sell-off at the beginning of the week, as corporate earnings continue to surprise to the upside, often exceeding investors' drastically reduced expectations...

BrisConn facing another move by angry investor
Transcript BrisConn facing another move by angry investor The World Today - Friday, 24 April , 2009 12:42:00 Reporter: Annie Guest PETER CAVE: In Queensland there's been another media event to promote progress on BrisConnections' Airport Link project, but only silence on the latest threat to the company...

NovaGold Resources Inc.: NovaGold Provides Update on New Galore Creek Project Advisors
EUR¦ financial advisor to assist the Company in securing financing for its Galore Creek copper-gold-silver project in northwestern British Columbia EUR¦..

Laptop Financing With no Credit Check-Your Best Option in the Market
For individuals who are always on the move, and they need some computing aid, a laptop comes handy...

Still safe
Egyptian banks may have escaped the meltdown of the financial crisis, but they are feeling the pinch of the slowdown in the real economy, Niveen Wahish reports Over the past six months, ever since the financial crisis broke out, experts and observers have often said that had the financial crisis taken place five years ago, everything would have ...

Mr. McGuinty's wealth tax
Call it Dalton McGuinty's wealth tax. When Ontario moved to harmonize its retail sales tax with the GST in the province's March budget, the result was to raise fees on mutual funds, segregated funds and exchange-traded funds ...

Business Wire - ION Media Networks Announces Discussions with Secured Lenders Regarding Recapitalization
April 15, 2009 -- Discussions Target Conversion of Debt to Equity, Additional Funding, and Operational Continuity WEST PALM BEACH, Fla. --...

Northern Bank robbery cash launderer to be sentenced
A Cork financial adviser who laundered cash from the notorious Northern Bank robbery will be sentenced today...

Business Wire - Nuveen Santa Barbara Dividend Growth Fund Receives 5-Star Overall Morningstar Rating™
April 15, 2009 -- CHICAGO -- Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today...

Hitachi Announces New Directors
1. Director Candidates [* New] Tadamichi Sakiyama, currently Director *Takashi Kawamura, currently Representative Executive Officer, Chairman, President and Chief Executive Officer Michiharu Nakamura, currently Director *Takashi Miyoshi, currently Representative Executive Officer, Executive Vice President and Executive Officer Yoshie Ota, ...

Business Wire - Nuveen Tradewinds Global All-Cap Fund Receives 5-Star Overall Morningstar Rating™
April 15, 2009 -- CHICAGO -- Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today...

TEPPCO Partners LP elects new members to board of directors
TEPPCO Partners LP , an energy logistics partnership company, reported yesterday the election of Duke R Ligon and Irvin Toole Jr to the board of directors of its general partner, Texas Eastern Products Pipeline Company LLC, with effect from 22 April 2009...

Market Wire - Geneos Wealth Management to Provide Technology Platform for Leading Broker/Dealer
April 16, 2009 -- Gentech LLC, a wholly-owned subsidiary ofDenver-based Geneos Wealth Management, Inc. providing technology solutionsto the financial and medical...

Financial Futures
Washington Post columnist Martha Hamilton and financial advisor Diahann W. Lassus were online to answer questions about how to make smart decisions while preparing for retirement EUR¦..

Business Wire - Sorrento Pacific Financial Spotlights Its Environmental History with Paperless Financial Account Management System dataVISION in Time for Earth Day
April 15, 2009 -- Web-Based System Has Been Reducing Paper Usage Since CompanyâÂEURÂ(TM)s Inception SAN DIEGO -- In time for Earth Day...

Delta Delta Delta chosen as ninth sorority
The University Panhellenic Council announced its decision to select Delta Delta Delta as the ninth sorority to be affiliated with the University campus Thursday...

Earnings Still A Split Decision, But Favors Bulls
Now deep in the heart of earnings season , with the first wave of announcements largely behind us, we can look back and reflect on news that has been impressively mediocre...

OppenheimerFunds Responds to Oregon Lawsuit
- OppenheimerFunds, Inc. ('OFI') is very disappointed by the actions of the Oregon Attorney General's Office in filing a lawsuit against it last week seeking to recover amounts lost in investments held in the OppenheimerFunds 529 Plan (advisor-sold) and the Oregon College Savings Plan (direct-sold). For the last several months, OFI has cooperated fully with the State of Oregon in its inquiry into OFI's role as program manager for the funds at issue. Despite this cooperation and ongoing dialogue with the State, Oregon proceeded to file its suit without so much as a single meeting with OFI to discuss their concerns or potential solutions. OFI is deeply concerned with the investigative process followed by Oregon and its decision to file a suit at this time. While OFI would have preferred reasonable, good faith discussion and resolution, it is prepared to defend itself and its reputation vigorously against these claims which lack legal merit. The mutual fund cited in the complaint, Oppenheimer Core Bond Fund, experienced significant losses due to unprecedented market volatility in 2008, as did other mutual funds and investments. Indeed, the investment consultant hired by the State of Oregon's Board noted at a meeting of the Board in January 2009 that OFI wasn't the only firm that made the types of investments that the fund at issue held and that the fund was hit badly by 'the dislocation of the market.' That consultant went on to state that OFI provided 'full transparency in the portfolio, allowing it to be analyzed at both the sector and security level.' Throughout its stewardship of the Oregon 529 Programs, OFI has consistently provided the Plan Board with complete information about the fund, its portfolio holdings and investment policies and offered to make its portfolio managers available to meet with the Board, an offer that was not accepted. OFI did not radically change the investment policies of the Fund in 2007 and 2008, as alleged in the suit, and made no changes in the fund's investment policies and strategies without telling the Board. Indeed, those investment policies and strategies are readily apparent from the fund's publicly filed disclosure documents, which include detailed listings of the fund's holdings. 'For the Attorney General to suggest otherwise in the complaint is simply a distortion of the facts,' says Bruce Dunbar, OppenheimerFunds spokesman. OFI's first and foremost interest and concern is for the investors who have chosen Oppenheimer funds for their investment portfolios. OFI takes that responsibility seriously and seeks long-term investment results consistent with the stated objectives and policies of Oppenheimer funds. OFI management and many of its employees are also among those who invested in those funds and suffered losses in 2008 due to unprecedented market volatility and illiquidity. However, OFI never engaged in any misconduct in its role as program manager for the Oregon 529 Plan. The fund that had the greatest losses in that Plan at all times invested in accordance with its stated investment objectives and policies. 'For the State Attorney to accuse OFI of wrongdoing is inaccurate, misleading and unfair,' says Bruce Dunbar, OppenheimerFunds spokesman. Throughout its 50 years in business, OFI has been, and will continue to be, committed to helping families save for college and other investment goals. While 2008 and 2009 have been challenging for all investors, OppenheimerFunds will continue to focus on seeking sustained, long-term investment performance. The complaint was filed on April 13, 2009 in the Oregon Circuit Court for Marion County (Case # 09C14018). About OppenheimerFunds, Inc.: OppenheimerFunds, Inc. is one of the nation's largest and most respected investment management companies. The Oppenheimer funds managed by OppenheimerFunds, Inc. and a subsidiary have more than 6 million shareholder accounts, as of 3/31/09. The products and services of OppenheimerFunds, Inc. and its controlled affiliates include: mutual funds, qualified retirement plans for individuals and corporations, investment management for institutions and sub-advisory services. OppenheimerFunds is widely recognized as a leader in educating and empowering investors and for its award-winning customer service. OppenheimerFunds, Inc. is a member of the MassMutual Financial Group and is not affiliated with Oppenheimer & Co, Inc. or Oppenheimer Capital. Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested. Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses contain this and other information about the funds. You may download and view a prospectus now or obtain one by asking your financial advisor or call OppenheimerFunds Distributor, Inc. at 1.800.525.7048. Read prospectuses carefully before investing. Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc. Two World Financial Center, 225 Liberty Street, New York, NY 10281-1008 Copyright 2009 OppenheimerFunds Distributor, Inc. All rights reserved WEBC.041509.02 ### Media Contact: OppenheimerFunds, Inc. Jeaneen Pisarra 212.323.5178..

Florida man sentenced for defrauding Fulton County Sheriff's Department
A former investment advisor with MetLife Financial Services who defrauded the Fulton County Sheriff's Department in 2003 was sentenced Nov. 15 to prison and was ordered to pay $2.4 million in restitution EUR¦..

Market Wire - MagIndustries Corp. 2008 Year-End Conference Call Notice
April 15, 2009 -- MagIndustries Corp. (TSX VENTURE: MAA) ("MagIndustries" or the "Company") announced today that the Company expects to release its Year-end 2008...

Business Wire - Highbury Financial Inc. Elects Theodore M. Leary Jr. to Its Board of Directors
April 15, 2009 -- Board composed of a majority of independent directors Hoyt Ammidon Jr. named lead independent director DENVER --...

Hernandez wins FFA state title
Demonstrating superior achievement in the development and application of turf grass management, Madera-South FFA member Enrique Hernandez was awarded the turf grass management proficiency award at the 81st State FFA Leadership Conference in Fresno...

FBI questions NM investment funds about adviser
Federal agents have questioned New Mexico investment fund officials about a financial adviser entangled in a pay-to-play investigation involving a New York state pension fund...

Ted Cunningham Found guilty of money laundering
Ted Cunningham, the Cork-based financial advisor and money lender, who was convicted on money laundering charges last month is due to be sentenced today...

Howard Steinberg, National Leader-Tax Restructuring and Corporate.
Howard Steinberg, National Leader-Tax Restructuring and Corporate Recovery, KPMG LLP to Speak at KC's Event on American Recovery and Reinvestment Act, on 5/5/09 Jersey City, NJ, April 24, 2009 -- -- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcast announced today that Howard ...

Business Wire - Gregory S. Raines is Named President of Atlantic Financial Group
April 15, 2009 -- RICHMOND, Va. -- Gregory S. Raines, a 25-year financial services industry veteran, has been named president of Atlantic Financial Group,...

NovaGold Provides Update on New Galore Creek Project Advisors
EUR¦ financial advisor to assist the Company in securing financing for its Galore EUR¦..

Ridsdale eyes end of Cardiff era
Ridsdale arrived at Ninian Park in 2005 as an advisor to the stadium project before eventually becoming chairman...

How Chernobyl could happen here
A catastrophe like Chernobyl could happen here. It's the radioactive core of the second biggest lie in US industrial history...

Fiscal Salvation Adds Loan Modification to its Platform of Debt Related Services
'As we face the worst times to hit American consumers since the Great Depression of the 1930s, our members deserve a provider who has the ability to secure options beyond the rest of the industry,' said David Foster, senior advisor at Fiscal Salvation...

Business Wire - FAF Advisors, Inc., Announces Financial Positions for Closed-End Funds
April 15, 2009 -- MINNEAPOLIS -- FAF Advisors, Inc. today announced the financial positions for the following closed-end funds for the month of March 31,...

Business Wire - DWS Investments Launches Comprehensive Structured Products Education Suite
April 15, 2009 -- Providing Industry Leading Education to Demystify Structured Notes and CDs NEW YORK -- DWS Investments, the U.S. retail...

City raises credit guarantee for SMEs,
The HCMC government has just injected more budget for the Credit Guarantee Fund for Small - Medium Enterprises to raise the guarantee credit line up to VND29 billion for each enterprise instead of the former level of VND7 billion, said an executive of the fund...

JP Turner Welcomes New Investment Banking Analyst
ATLANTA, GA, April 24, 2009 /24-7PressRelease/ -- JP Turner announced that Joe Walker has joined their Investment Banking Division as an analyst...



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