| Money makes the world go around – Financial companies | | Posted Monday, March 13, 2006 10:32:14 AM by Kate Grant | There are many financial companies:  lending companies, investing companies personal finance mangement companies and more. In financial economics, a financial institution acts as an agent that provides financial services for its clients. Financial company or institutions generally fall under financial regulation from a government authority.
Common types of financial institutions include banks, like HSBC, building societies, credit unions, stock brokerages, and investing companies Like GE Capital, insurance company like Lloyds and Barclays, and similar businesses. Financial companies and institutions provide a service of moving funds from investors, those with excess funds, to companies, those in need of funds.
These financial institutions make it easy and affordable for small investors to invest. services is a term used to refer to the services provided by the finance industry. Financial services is also the term used to describe organizations that deal with the management of money. Banks, investment banks, insurance companies, credit card companies and stock brokerages, are examples of the types of firms comprising the industry, which provides a variety of money and investment and related services. Financial services is the largest industry in the world, in terms of earnings.
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| | | Report Notes Companies Lag on Climate | | Posted Thursday, February 01, 2007 2:55:56 PM by Blog57 Team | | Many big U.S. companies are not doing enough to warn shareholders about the financial risks associated with global warming, a new report asserts. The report, released jointly on Wednesday by Ceres, an environmental investment group, and the Calvert Group, a mutual fund company, said corporate disclosure of risks related to climate change among S&P 500 companies has been "severely lacking." The authors highlighted the fact that less than half of the companies listed on the S&P 500 responded to a survey last year by the Carbon Disclosure Project, an international effort to collect information from more than 2,100 companies. The project is backed by large investors such as Goldman Sachs Group Inc., Morgan Stanley, Switzerland's UBS AG and the California Public Employees Retirement System.... | |
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| | | Mercanti Completes First Financial Advisory Assignment in 2007 ... | | Posted Tuesday, January 09, 2007 1:07:45 PM by Blog57 Team | | MINNEAPOLIS & LOS ANGELES--(BUSINESS WIRE)--Mercanti Securities, LLC, a NASD/SIPC registered broker-dealer and subsidiary of The Mercanti Group, a boutique investment bank, today announced the closing of the previously reported sale of The Sands Regent, a publicly-traded gaming company based in Reno, Nevada. The Sands Regent was sold to privately-owned Herbst Gaming, Inc., of Las Vegas, Nevada, and HGI-Casinos, Inc., a wholly-owned subsidiary of Herbst. Mercanti acted as financial advisor to the board of directors of The Sands Regent in this transaction. Under the terms of the definitive merger agreement, which was announced on May 17, 2006, the outstanding shares of The Sands Regent were acquired by Herbst at a price of $15 per share in cash, plus the assumption of approximately $35 million in debt, which represents a transaction value of approximately $153 million.... | |
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| | | Asia Financial Markets Disrupted by Quake Damage (Update1) | | Posted Wednesday, December 27, 2006 2:56:13 PM by Blog57 Team | | Dec. 27 (Bloomberg) -- Financial firms including HSBC Holdings Plc and Daiwa Securities Group Inc. reported customer services and trading in Asia were disrupted after earthquakes near Taiwan damaged telecommunications cables. HSBC customers were unable to access online banking service in Taiwan, Hong Kong and China, said Vinh Tran, a spokeswoman in Hong Kong. Daiwa stopped accepting orders for Hong Kong stocks at its online trading unit and branches as of 1:08 p.m. in Tokyo, said spokesman Hiroharu Misawa. Securities traders in Hong Kong and Singapore were unable to obtain prices and complete orders after networks linking financial companies were disrupted by the quake damage. Hong Kong's PCCW Ltd. said it only had 50 percent of its telephone capacity in the region, disrupting services to companies including First State Investments in Singapore.... | |
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| | | Gold Prices Keep Rising due Financial Companies' Demands | | Posted Wednesday, November 15, 2006 12:56:35 PM by Blog57 Team | | The price of gold has been rising rapidly over the last weeks because of the impact of large funds. Gold, "the safe port" of wars and times of crisis, is feeling the impact of U.S.-originated large funds. Investors' decisions now depend on the direction of speculators. Reports indicate that the price of gold might rise to $800 if Saddam's execution is carried out. Starting from $517 at the beginning of 2006, the rate peaked at $729 on May 12, and later dropped to $585 on Sept. 11. The sharp price fluctuations, which have confused market specialists, have sometimes been contrary to analyst predictions and expectations. The rate, $564 on Oct. 4, has been constantly rising since then. Likewise, the price of republican gold, preferred by small investors, has increased from YTL 151 to YTL 240.... | |
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| | | Regulators Revising Financial Rules | | Posted Monday, November 13, 2006 6:54:30 PM by Blog57 Team | | Regulators are moving toward revising rules for corporate financial controls in response to business complaints that they are overly burdensome and expensive. First, though, the Securities and Exchange Commission and the board that oversees the accounting industry are attempting to resolve differences over changes to be made to a key requirement of a 2002 anti-fraud law enacted after the wave of corporate scandals. SEC Chairman Christopher Cox and Mark W. Olson, chairman of the Public Company Accounting Oversight Board, met Sunday to discuss differing approaches toward the key part of the Sarbanes-Oxley law that arose from the scandals: the requirement for companies to file reports on the strength of their internal financial controls and to fix any problems. Cox urged, in a recent letter to the independent accounting oversight board, that it revise its auditing rules under the requirement to adapt them to the size of the company whose books are being audited.... | |
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| | | Warhol 'Cards' to Jazz: 10 Companies Honored for Arts Support | | Posted Saturday, November 11, 2006 3:08:20 PM by Blog57 Team | | Nov. 9 (Bloomberg) -- The Business Committee for the Arts last night honored 10 companies -- ranging from financial- services providers to a jewelry retailer -- for their support of the arts. The organization, known as BAC, was started in 1967 by David Rockefeller to encourage businesses to get involved in the arts. This is the second year BAC has named a top-10 list, but it has handed out the honors to U.S. companies since the group began. Among the criteria for selection: a long-term commitment to the arts, community leadership, and the ability to get employees involved, said Judith Jedlicka, president of the group. The six judges were split evenly between arts groups and businesses. The companies cited were: Advanta Corp., a financial- services company in Spring House, Pennsylvania; Bison Financial Group, a privately held financial-planning company in Lafayette, Indiana; aerospace company Boeing Co.... | |
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| | | Sage Software, iLumen Partner to Deliver Financial Analysis Benchmarking for the Construction, Real Estate Markets | | Posted Thursday, November 09, 2006 11:03:49 AM by Blog57 Team | | BEAVERTON, OR -- Sage Software and iLumen announced that the iLumen Financial Information Network will be available to Sage Timberline Office and Sage Master Builder clients. The iLumen Network is the nation's largest online financial benchmarking community for privately-held companies. Sage Software clients that join the iLumen Network will be able to access information that will help them better understand how they are performing against comparable industry peers throughout the year by accessing industry specific financial dashboards, benchmarking trends, expert analysis and peer group discussion forums. "The construction and real estate industries are very competitive, and historically, reliable benchmarking for privately-held companies has not been readily available," said John Geffel, Senior Vice President and General Manager of Sage Software Construction and Real Estate Solutions.... | |
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| | | Medicare windfall lifts drug companies | | Posted Tuesday, November 07, 2006 7:01:37 AM by Blog57 Team | | For big drug companies, the new Medicare prescription benefit is proving to be a financial windfall larger than had been predicted by even the most optimistic Wall Street analysts. But those gains may come back to haunt drug makers like Eli Lilly and Pfizer if Democrats take control of Congress. Democrats, who have long charged that the drug industry is profiteering at the expense of taxpayers, say they want legislation to revoke the law that bars Medicare from negotiating prices directly with drug makers like Pfizer for the medicines it buys. Medicare now pays for drugs indirectly, through the private insurers that administer the prescription program, and those insurers typically pay higher prices than government agencies. .... | |
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| | | Fifteen New England Tech Companies to Present at AeA Classic Financial Conference | | Posted Sunday, November 05, 2006 3:08:04 AM by Blog57 Team | | Executives from fifteen New England technology companies will meet with investors at this year's AeA Classic Financial Conference. AeA, the nation's largest high-tech trade association, will host the conference November 5-8 at the Monterey Conference Center in Monterey, California. Now in its 36th year, the exclusive three-day AeA Classic Financial Conference is one of the largest independent financial conferences for the high tech industry. It provides public technology companies with a forum to showcase their technologies, strategic missions, trend analysis and other significant information in front of a focused group of investors in an impartial environment. Roland Thomas, President and Chief Executive Officer of Moldflow Corporation of Framingham, MA said, "The AeA Classic conference is one of the most valuable investor conferences we present at each year.... | |
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| | | Canadian Stocks Fall; Energy Companies, Financial Shares Slide | | Posted Friday, November 03, 2006 1:14:32 PM by Blog57 Team | | Oct. 18 (Bloomberg) -- Canadian stocks declined for a second day as sliding crude-oil prices sent Talisman Energy Inc. and other oil and gas companies lower. Financial and phone companies' shares including Toronto- Dominion Bank and BCE Inc. retreated as some investors bet the U.S. Federal Reserve is more likely to stand pat on interest rates than reducing borrowing costs. ``We saw a very strong bounce back in energy and materials recently -- that's probably done,'' said Jim Hall, a fund manager at Mawer Investment Management in Calgary. ``The big rally in interest-rate sensitives has stalled. The Fed's not cutting rates anytime soon -- that's been hurting them.'' The Standard & Poor's/TSX Composite Index slipped 65.03, or 0.5 percent, to 11,931.60 as of 2:45 p.m.... | |
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