| INSURANCE NEWS - | |
| AIG payments to banks stoke bailout rage - Financial Post | As of: 2009-03-16 |
| FOXNews- AIG payments to banks stoke bailout rage- Financial Post, Canada- WASHINGTON/NEW YORK -- Goldman Sachs Group Inc and a parade of European banks were the major beneficiaries of US$93-billion in payments from AIG -- more than half of the US taxpayer money spent to rescue the massive insurer. The revelation on Sunday by ...- BMO gets chunk of AIG bailout cash National Post- How big is too big to fail? The AIG saga CBC.ca- Politicians can't run banks - but bankers must get better at it Globe and Mail- Politonomist - Globe and Mailall 6,930 news articles - | |
| Come to Ontario, land of solvent banks - Globe and Mail | As of: 2009-03-16 |
| Come to Ontario, land of solvent banks- Globe and Mail, Canada- Proving there is a silver lining in every cloud, Ontario's Ministry of Economic Development has wasted no time in capitalizing on the glowing reputation Canadian banks are currently enjoying in the world press. The department's Investment and Trade ... - | |
| Banks begin to decline federal aid in first sign of recovery - Globe and... | As of: 2009-03-16 |
| Globe and Mail- Banks begin to decline federal aid in first sign of recovery- Globe and Mail, Canada- Canadian banks are turning down some of the funding that the government is making available to them, a sign that they are recuperating from the financial crisis. The banks have stopped selling the government the full amount of mortgages they could ...- Mortgage Insurance: Homebuyer Beware CanadianBusiness.com- all 7 news articles - | |
| Breaking up with your mortgage - Canada.com | As of: 2009-03-16 |
| Breaking up with your mortgage- Canada.com, Canada- By Garry Marr, Financial PostMarch 9, 2009 While not encouraging people to break their mortgages, the banks are acknowledging that some consumers who locked into higher rates can save money if they refinance at the new lower rates. ... - | |
| Weak market draws new buyers Once pricey homes become more affordable - ... | As of: 2009-03-16 |
| Weak market draws new buyers Once pricey homes become more affordable- Canada.com, Canada- Falling lending rates are keeping mortgage brokers busy with calls from homeowners looking to remortgage. This week borrowers could get a variable-rate mortgage at interest rates as low as 3.25% and a five-year fixed mortgage at 4.19%. ... - | |
| You have to stretch the limits - Hamilton Spectator | As of: 2009-03-16 |
| You have to stretch the limits- Hamilton Spectator, Canada- Unique's "rolling office" gives customers the chance to check out updated listings as they visit potential homes and, since DeRoches is also a mortgage broker, "we can do the mortgage while you wait. I'll even stay with the kids while they eat pizza ... - | |
| Reports of mortgage fraud grew 26 percent last year; Rhode Island ... - ... | As of: 2009-03-16 |
| Reports of mortgage fraud grew 26 percent last year; Rhode Island ...- CanadianBusiness.com, Canada- The recession has also increased pressure on shady mortgage lenders and brokers ? as well as borrowers ? to lie on loan applications, according to the fraud report. "There's a lot more desperation, with the economy being what it is," said Jennifer ... - | |
| Ensign Energy Services Reports 2008 Earnings - Canada NewsWire (press re... | As of: 2009-03-16 |
| Ensign Energy Services Reports 2008 Earnings- Canada NewsWire (press release), Canada- Effective June 26, 2008, the Company's available operating lines of credit consist of a $200-million global revolving credit facility (the "Global Facility") and a $50-million Canadian based revolving credit facility (the "Canadian Facility"). ... - | |
| EmploymentCrossing Launches Job Site for Law Enforcement Professionals -... | As of: 2009-03-16 |
| EmploymentCrossing Launches Job Site for Law Enforcement Professionals- Free Press Release Center (press release), Canada- ''With the growing popularity of law enforcement industry, various agencies are finding more choices and are recruiting the most efficient professionals for training. To be able to locate the most authentic collection of each and every law enforcement ... - | |
| EFF launches FOIA search engine - p2pnet.net | As of: 2009-03-16 |
| EFF launches FOIA search engine- p2pnet.net, Canada- ... has pried loose from secretive government agencies?. ?The documents relate to a wide range of cutting-edge technology issues and government policies that affect civil liberties and personal privacy,? it says, going on its document collection, ... - | |
| Toddlewood Turns Ordinary Kids Into Superstar Celebs to Benefit St ... -... | As of: 2009-03-16 |
| RushPRnews.com (press release)- Toddlewood Turns Ordinary Kids Into Superstar Celebs to Benefit St ...- RushPRnews.com (press release), Canada- These photos become an invaluable piece of art, which would accentuate any collection. Whether it be capturing the Barack Obama/Hillary Clinton political debate, real estate mogul, Donald Trump, the talk show queen, Oprah Winfrey, the Destiny Child?s ... - | |
| Mortgage Fraud at an All-Time High According to Mortgage Asset ... - Sto... | As of: 2009-03-16 |
| Mortgage Fraud at an All-Time High According to Mortgage Asset ...- Stockhouse, Canada- ... risk information industry which is comprised of professionals and organizations such as law enforcement, government agencies, financial services firms, collection agencies, insurance and health care providers, hiring managers, and other professionals. - | |
| Bankruptcy rate spikes in Canada - StarPhoenix | As of: 2009-03-16 |
| Bankruptcy rate spikes in Canada- StarPhoenix, Canada- By Derek Abma, and Gordon Isfeld, Canwest News ServiceFebruary 10, 2009 OTTAWA -- Rising unemployment, high debt and the continuing credit crunch has caused personal bankruptcies in Canada to soar, and if people's worst fears about their jobs are ... - | |
| Different approaches to insolvency - Financial Post | As of: 2009-03-16 |
| Different approaches to insolvency- Financial Post, Canada- Whereas one international firm in bankruptcy proceedings has chosen to honour some of the severance payments to its employees in Canada, another corporation lurching toward insolvency has not. Smurfit-Stone has paid out millions of severance payments ... - | |
| NY sports museum operator files bankruptcy - Reuters Canada | As of: 2009-03-16 |
| NY sports museum operator files bankruptcy- Reuters Canada, Canada- By Phil Wahba NEW YORK (Reuters) - National Sports Attraction LLC, which operated the Sports Museum of America in New York City, has filed for Chapter 7 bankruptcy, setting the stage to liquidate its assets. The for-profit museum, a $100 million ... - | |
| Asbury Gets Going-Concern Notice - Morningstar.ca | As of: 2009-03-16 |
| Asbury Gets Going-Concern Notice- Morningstar.ca, Canada- The auditors are concerned that Asbury will violate its leverage debt covenant within the next 12 months, which could then trigger another default and possibly force the company into bankruptcy. Although this is technically a possibility, ... - | |
| Pocklington fitted with ankle bracelet - Calgary CTV | As of: 2009-03-16 |
| CTV.ca- Pocklington fitted with ankle bracelet- Calgary CTV, Canada- Pocklington is accused of bankruptcy fraud, and was released on $1 million bail Friday night, posted by former Oilers coach Glen Sather. Court records obtained by CTV Monday, show although Pocklington claims nearly all his assets, they are all in his ...- Peter Pocklington gives up passport Globe and Mail- Eva Pocklington key to bankruptcy fraud case Edmonton Journal- all 4 news articles - | |
| Mammoth Financial Losses: Credit Default Swaps ? Exercises in ... - Cent... | As of: 2009-03-16 |
| Mammoth Financial Losses: Credit Default Swaps ? Exercises in ...- Center for Research on Globalization, Canada- ... the net settlement figure of $6 billion that was quoted refers to the auction. Some banks and investors that had sold protection on Lehmans did not participate in the auction choosing to take delivery of defaulted Lehman debt resulting in losses of ... - | |
| Rio Tinto Update - Morningstar.ca | As of: 2009-03-16 |
| Rio Tinto Update- Morningstar.ca, Canada- We have lowered our March quarter iron ore production forecast by around one sixth, which, in conjunction with the thermal coal settlement, results in a 7% decline in our 2009 earnings forecast and is again mildly deleterious to value. ... - | |
| Rainmaker Reports Results for the Quarter and Year Ended December ... - ... | As of: 2009-03-16 |
| Rainmaker Reports Results for the Quarter and Year Ended December ...- mediacaster, Canada- The improvement in earnings from animation was the result of increased revenue and a gain on settlement of accounts payable of $0.3 million. Earnings not related to a specific segment increased $2.7 million to a loss of $0.3 million in 2008 from a loss ... - | |
| Rates have card holders seeing red - Globe and Mail | As of: 2009-03-16 |
| Rates have card holders seeing red- Globe and Mail, Canada- Ms. Notter said she and her husband have several credit cards and their interest payments are high every month. While she hasn't lost her job as a work-from-home administrative assistant, she said her interest rates were raised (since lowered after she ... - | |
| ...And more premium cards to come - Financial Post | As of: 2009-03-16 |
| Nanaimo Daily News- ...And more premium cards to come- Financial Post, Canada- Retailers will not be surprised by a Scotiabank poll released last week, that shows 48% of Canadians would use credit cards more if they received a 2% cash rebate on daily retail purchases. The poll coincides with the unveiling of the Scotia Momentum ...- Nearly Half of Canadians Have Not Changed Their Spending Habits in ... Canada NewsWire (press release)- Nearly Half of Canadians Have Not Changed their Spending Habits CEP News- all 47 news articles - | |
| Retailers' pain in the cards - Financial Post | As of: 2009-03-16 |
| Retailers' pain in the cards- Financial Post, Canada- Joe Raedle/Getty Images'People expect it now -- if you don't take cards you are a dinosaur. You get a lot of people who won't go into a restaurant or gas up at certain places because they won't take a credit card.' Small businesses are thrilled about ... - | |
| Simcoe Man Charged In Connection To Stolen Credit Cards - CD98.9 | As of: 2009-03-16 |
| Simcoe Man Charged In Connection To Stolen Credit Cards- CD98.9, Canada- A Simcoe man is facing charges in connection to stolen credit cards in the area. On Saturday, Norfolk OPP were contacted about credit cards that had been stolen from a home and used in the area. After an investigation, OPP have arrested and charged 44 ... - | |
| Trouble in Boomerland - Canada.com | As of: 2009-03-16 |
| Trouble in Boomerland- Canada.com, Canada- ?There is no place to hide in this market,? says Ms. Bebee, author of No Hype ? The Straight Goods on Investing Your Money. ?If you got out at the top, you are either real smart, lucky or lying. Realistically, most people lost money, almost everybody. ... - | |
| Breaking your bad habits before they break your bank - Globe and Mail | As of: 2009-03-16 |
| Breaking your bad habits before they break your bank- Globe and Mail, Canada- But when it comes to money and investing, our bad habits can mean the difference between achieving financial security and living on the edge of bankruptcy. That's especially true during recessions, when folks who stretched their finances during the ... - | |
| Nova Scotia Power to invest in wind energy - CBC.ca | As of: 2009-03-16 |
| Nova Scotia Power to invest in wind energy- CBC.ca, Canada- The Nova Scotia government plans to revise rules that bar Nova Scotia Power from investing in wind power companies, in hopes of helping the utility reach its green energy goals. Currently, Nova Scotia Power is forbidden from investing in wind turbine ...- Tories, opposition differ on NSP's role in wind power Metro Canada - Halifax- all 2 news articles - | |
| The 10 biggest RRSP mistakes and how they can be avoided - BCLocalNews | As of: 2009-03-16 |
| The 10 biggest RRSP mistakes and how they can be avoided- BCLocalNews, Canada- Investing a small amount earlier may help you retire earlier. Second, not knowing the real cost of your retirement. In retirement planning, I never ask when you want to retire, but how much do you need to retire. If you have enough to meet your plans, ... - | |
| How big is too big to fail? The AIG saga - CBC.ca | As of: 2009-03-16 |
| FOXNews- How big is too big to fail? The AIG saga- CBC.ca, Canada- Bank of Montreal is buying some of AIG's assets, picking up the Canadian life insurance business for $375 million. BMO says the deal will give its clients access to a broader range of investment products and is expected to boost BMO's earnings within a ...- Politicians can't run banks - but bankers must get better at it Globe and Mail- all 6,930 news articles - | |
| Sun Life inks deal to expand Indonesia business - Globe and Mail | As of: 2009-03-16 |
| Sun Life inks deal to expand Indonesia business- Globe and Mail, Canada- Indonesia's insurance market had total premiums of about $4.7-billion in 2007, a 67-per-cent growth rate, and a large proportion of sales are made through banks. Sun Life's total individual insurance sales in Indonesia fell 6 per cent in 2008 from 2007 ...- Sun Life, CIMB form joint venture in Indonesia Canada.com- all 13 news articles - | |
| Mortgage Insurance: Homebuyer Beware - CanadianBusiness.com | As of: 2009-03-16 |
| Mortgage Insurance: Homebuyer Beware- CanadianBusiness.com, Canada- Considering the outrage the auto insurance industry generates, the following seems rather interesting: In 2003, auto insurers took in $15.8 billion in premiums and paid out $12 billion in claims--a payout rate of 76%. Life and health insurance firms ... - | |
| Life after benefits looks bleak, say protesters - Newsdurhamregion.com | As of: 2009-03-16 |
| Life after benefits looks bleak, say protesters- Newsdurhamregion.com, Canada- By Jeff Hayward OSHAWA -- Collecting Employment Insurance is not the only challenge faced by those recently let go from their jobs, Oshawa protesters said on Saturday. While a group made up of unionized and non-unionized workers gathered in front of ... - | |
| Obama's exploding cigar - Globe and Mail | As of: 2009-03-16 |
| Globe and Mail- Obama's exploding cigar- Globe and Mail, Canada- A "strictly confidential" internal document from three weeks ago (on the eve of the latest bailout) warned that a run on its life-insurance companies could trigger a global calamity with "multiple and potentially catastrophic unforeseen consequences. ...- AIG Discloses Counterparties to CDS, GIA and Securities Lending ... Stockhouse- all 95 news articles - | |
| Canadian banks defy odds, post profit - Canada.com | As of: 2009-03-16 |
| Canadian banks defy odds, post profit- Canada.com, Canada- For Scotia, the steady drip of troubling developments in the auto industry has kept eyes focused on its heavy exposure to the sector, which includes $10-billion of exposure to auto finance, $5.6-billion of loans to dealers and manufacturers, ... - | |
| Fiat deal worth US$10-billion to Chrysler - Canada.com | As of: 2009-03-16 |
| Washington Post- Fiat deal worth US$10-billion to Chrysler- Canada.com, Canada- The agreement is contingent on winning the additional loans from Washington as well as securing concessions from banks and its US unions by a March 31 deadline. Fiat, which makes the retro 500 small car, intends to make available to Chrysler its entire ...- Fiat technology would preserve jobs, Chrysler says Globe and Mail- Chrysler chief lauds proposed alliance with Fiat London Free Press- Chrysler CEO: Fiat technology worth $8B to $10B Hamilton Spectator- Canada.com - Canada.comall 264 news articles - | |
| GM bondholders: Our plan best chance for automaker - Reuters Canada | As of: 2009-03-16 |
| Auto Racing Daily- GM bondholders: Our plan best chance for automaker- Reuters Canada, Canada- In a statement, advisers to the ad hoc committee of GM bondholders said the framework plan for a debt-to-equity exchange was "consistent with the government's restructuring requirements under the terms" of emergency government loans provided to the ...- General Motors, Chrysler bankruptcy not Obama task force goal CJBK- all 360 news articles - | |
| Capital Trust Reports Fourth Quarter and Full Year 2008 Results ... - St... | As of: 2009-03-16 |
| Capital Trust Reports Fourth Quarter and Full Year 2008 Results ...- Stockhouse, Canada- Capital Trust, Inc. is a real estate finance and investment management company that specializes in credit sensitive structured financial products. To date, the Company's investment programs have focused primarily on loans and securities backed by ... - | |
| Bazooka Boomerangs: Banks Return Bailout Funds - HoweStreet.com | As of: 2009-03-16 |
| Bazooka Boomerangs: Banks Return Bailout Funds- HoweStreet.com, Canada- Chicago-based Northern Trust Corp., which took $1.5 billion, seems even more anxious for a quick exit. It found itself the object of national ridicule several weeks ago when it put on a golf tournament for its well-heeled customers at the Riviera ... - | |
| Increases in foreclosure rates create buying opportunities - Globe and Mail | As of: 2009-03-16 |
| Increases in foreclosure rates create buying opportunities- Globe and Mail, Canada- ... those affected received mortgages they couldn't really afford from lenders who were willing to finance people with lousy credit histories - borrowers who would be considered too risky by mainstream lenders such as the big banks and credit unions. ...- Canada's dirty subprime secret Globe and Mail- all 3 news articles - | |
| Opinion: Memo to Obama: Don?t Even Think About Taxing Health Benefits - ... | As of: 2009-03-16 |
| Opinion: Memo to Obama: Don?t Even Think About Taxing Health Benefits- DigitalJournal.com, Canada- Health benefits are already taxed, because any deduction for health insurance paid through payroll deductions are taxed as part of the employee?s gross income. * If health benefits are going to be taxed, then all health insurers should be run out of ... - | |
| Holding their breaths - Guelph Mercury | As of: 2009-03-16 |
| Holding their breaths- Guelph Mercury, Canada- Before they left for Vietnam in December 2008, they checked with OHIP to make sure Thao would be covered by provincial health insurance when she arrived at her new home in Guelph. They paid for independent health coverage for her through Blue Cross for ... - | |
| How to stay healthy when travelling abroad - The Northern Light | As of: 2009-03-16 |
| How to stay healthy when travelling abroad- The Northern Light, Canada- You may also want to invest in additional travel health insurance, beyond what is provided by your province or employer. A medical evacuation could cost you more than $50000 so it's important to understand how well you're covered and what else you ... - | |
| Early pension plan can save you cash woes in old age - Business Daily Af... | As of: 2009-03-16 |
| Early pension plan can save you cash woes in old age- Business Daily Africa, Kenya- ?We are looking at achieving a situation where employers will incorporate retirement planning in their employee induction programme so that every working Kenyan in the formal sector can make retirement a priority within the overall financial planning,? ...- How valuable are your employees? The Freeport News- 3 Ways to Destroy Your Retirement Motley Fool UK- County's new hires may retire with less San Diego Union Tribune- all 12 news articles - | |
| On Your Side: Build your own pension plan - WRDW-TV | As of: 2009-03-16 |
| On Your Side: Build your own pension plan- WRDW-TV, GA- But taking the reins of your retirement doesn't have to be as hard as it might sound. Building your own pension plan really requires some pre-planning and sound advice. And the sooner you get started, the more secure your retirement will be in the long ... - | |
| Keep track of the Stimulus Bill - Boston Globe | As of: 2009-03-16 |
| Keep track of the Stimulus Bill- Boston Globe, United States- Local finance professionals share insights and advice on issues such as budgeting, managing debt, and retirement planning. Jill Boynton is co-founder of Cornerstone Financial Planning in Newington, NH Along with traditional financial planning services, ... - | |
| Net inflows for Canadian mutual funds - Financial Post | As of: 2009-03-16 |
| Net inflows for Canadian mutual funds- Financial Post, Canada- Canadian mutual funds recorded a second straight month of net inflows in February, but the rise in investment should not be viewed as a turn in sentiment, a strategist said. Canadians invested almost $1.7-billion in mutual funds in February, ...- The cash myth Globe and Mail- Long-term net sales positive in February: IFIC Investment Executive- Long-term fund sales lowest for February since 2003 Morningstar.ca- Globe and Mailall 11 news articles - | |
| Large-caps will lead the recovery - Financial Post | As of: 2009-03-16 |
| Large-caps will lead the recovery- Financial Post, Canada- Asset values of small-cap funds have also dropped significantly. Small-cap mutual fund values peaked at US$374-billion in May 2007. They currently stand at US$207-billion. So, what's an investor to do? For one, start with strong sectors, ... - | |
| RBC's lone new fund reflects the cautious mood of the times - Mornin... | As of: 2009-03-16 |
| RBC's lone new fund reflects the cautious mood of the times- Morningstar.ca, Canada- He adds that the fund could also be a solution for investors who currently invest in equities but want to reduce their exposure. Since their inception, the RBC Select Portfolios have invested exclusively in RBC mutual funds. The new fund is the first ... - | |
| MSP 2007 Resource Limited Partnership completes rollover of ... - Canada... | As of: 2009-03-16 |
| MSP 2007 Resource Limited Partnership completes rollover of ...- Canada NewsWire (press release), Canada- Shareholders of Capitalcorp are permitted to switch between most Capitalcorp mutual funds, and all switches occur on a tax-deferred basis. Mackenzie Investments is the manager of the Partnership, the Fund, and Capitalcorp. ... - | |
| Food provides hope - Calgary CTV | As of: 2009-03-16 |
| Calgary CTV- Food provides hope- Calgary CTV, Canada- Those who receive emergency food hampers from the Calgary Inter-Faith Food Bank say it is a symbol of hope as they struggle to survive. Alejandra Rindlisbacher and her four-year-old daughter arrive at the food bank on Monday to pick up their hamper. ... - | |
| Council Notebook - Kawartha Media Group | As of: 2009-03-16 |
| Council Notebook- Kawartha Media Group, Canada- Emergency services director and Fire Chief Dave Guilbault told council at the March 10 Committee of the Whole meeting that forms from the insurance underwriters have been provided to supervisors at each hall. The reports cover both halls currently ... - | |
| Madagascar army takes over palace, central bank - CBC.ca | As of: 2009-03-16 |
| Madagascar army takes over palace, central bank- CBC.ca, Canada- Madagascar's ambassador to the African Union, which is discussing the crisis at an emergency meeting in Ethiopia, said the president's proposed referendum would be held within three months. Voters would be asked whether they support the president and, ... - | |
| Homelessness plan will help those in need, society - Edmonton Journal | As of: 2009-03-16 |
| Homelessness plan will help those in need, society- Edmonton Journal, Canada- Consider that those calls end up in emergency rooms and, often, an extended hospital stay. Consider, too, that addiction and alcohol abuse are typical in the homeless population. Street addicts need money and raise it through crime -- everything from ... - | |
| Parts of Chaleur hospital 'woefully inadequate,' says NB Health ... | As of: 2009-03-16 |
| Parts of Chaleur hospital 'woefully inadequate,' says NB Health ...- The Northern Light, Canada- By James Mallory The Minister of Health said finding funds for renovations at the Chaleur Regional Hospital won't be easy during tough economic times. "We're going into a recession that maybe the worst in decades and we're trying to find enough glue to ... - | |
| Infrastructure money pours into Valley - Bugle-Observer | As of: 2009-03-16 |
| Infrastructure money pours into Valley- Bugle-Observer, Canada- "It is important to note that we need to protect workers with the changes we are making with unemployment as well as the work-share projects we announced." Allen said Canada needs world-class modern infrastructure, and these projects are good news for ... - | |
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