Money and Financial Business

February 28, 2005

Introductory message

admin @ 10:14 am — Link to this post
Hello,

My name is Ken and I have created this site as a resource where I can compile a definitive list of Dividend Reinvestment plans offered by Canadian companies.

I decided to create my own list after finding little up-to-date information on this topic. I have looked at each plan listed in this table so as to make sure all information is accurate.

I also have opened this site up to comments from visitors. If you see erroneous data in the table or if you want me to add a DRIP I missed, please post a message here.

Thanks for reading,
Ken

February 25, 2005

In Search of a Sure Thing

admin @ 11:42 am — Link to this post
But, as Will Rogers once put it, sometimes it's better just to get a return of your investment.

Marriage Prospects: Richer, not Poorer

admin @ 10:56 am — Link to this post
My research shows that there really is something about marriage that leads men to make more money -- as much as 27% more than single men.

Invest Your IRA in Real Estate?

admin @ 10:54 am — Link to this post
But just because you can doesn't mean you should, warns IRA expert Ed Slott of Rockville Centre, N.Y. The rules are complex, and the stakes for running afoul of them are high.

Four Top Performing Newsletters

admin @ 10:52 am — Link to this post
His research, along with academic studies, concludes that the best way to pick a winning newsletter is to focus on long-term, risk-adjusted performance.

Women Less Tolerant of Risk: Poll

admin @ 10:45 am — Link to this post
Women investors are more likely to play it safe than are men.

Keep Your Income Tax Documents Safe From Identity Thieves

admin @ 10:44 am — Link to this post
Come tax time, it can be a pain to gather all your important financial documents together. And tax time is a prime time of year for additional headaches - caused by identity thieves who may be out to steal such vital information.

Tax Schemes Saved 61 Top Firms $3.4B

admin @ 10:41 am — Link to this post
Fortune 500 companies took advantage of abusive tax shelters sold to them by their auditors to avoid $1.8 billion in federal taxes from 1998 through 2003, the Government Accountability Office reported Thursday.

February 24, 2005

Fannie Mae Scrambles for New Ways to Raise Capital

admin @ 1:46 pm — Link to this post
FANNIE MAE, the nation's largest buyer of home mortgages, said on Wednesday that its primary regulator had discovered a host of new potential accounting violations at the company that had raised a fresh set of "safety and soundness concerns."

Prices Rise Only Slightly, Easing Fears About Inflation

admin @ 1:45 pm — Link to this post
Consumer prices barely rose in January, the government said on Wednesday, but the Federal Reserve signaled its intention to keep nudging up interest rates in the months ahead.

February 23, 2005

Oil Prices Rise Amid Concern Over Weather and Supplies

admin @ 12:39 pm — Link to this post
Crude oil prices rose 5.8 percent to their highest level in nearly four months yesterday, jumping above $51 a barrel, on concerns that OPEC might curb supplies when it meets next month.

Toshiba Names New President With a Record of Turnarounds

admin @ 12:38 pm — Link to this post
The Japanese electronics giant Toshiba said Tuesday that it had appointed Atsutoshi Nishida, a man credited with twice turning around its computer business, its new president.

Questions Arise of Possible Bias at Drug Maker

admin @ 12:38 pm — Link to this post
According to lawyers for the plaintiffs, the percentage of Johnson & Johnson senior executives who were African-American or Hispanic actually fell in the years before the lawsuit was filed.

Winn-Dixie Files for Bankruptcy Protection

admin @ 12:36 pm — Link to this post
Winn-Dixie Stores, the grocery chain founded by William Davis in 1925 that long had a lock on the South, announced early Tuesday that it had filed for bankruptcy protection in an effort to address financial and operational challenges that had hampered its performance.

Oil Climbs Above $51 a Barrel on Concerns About Supplies

admin @ 12:35 pm — Link to this post
Crude oil prices rose nearly 6 percent today to their highest level in three months, jumping above $51 a barrel again, on concerns that OPEC might curb supplies, while cold weather in North America and Europe pushed up heating oil prices.

Novartis to Become No. 1 Generic Drug Maker With $8.4 Billion Deal

admin @ 12:35 pm — Link to this post
Novartis, the fourth-largest brand-name drug maker in Europe, announced today that it would acquire Hexal of Germany and its American affiliate, Eon Labs, for $8.4 billion in cash in a deal that would make it the world's largest company in the growing market for generic medicines.

February 21, 2005

Why a Real Estate Agent May Skip the Extra Mile

admin @ 1:08 pm — Link to this post
Real estate agents have a better sense than others of the best price a home can command. But when they work for others, they don't have the financial incentive to pursue it.

When Greenspan Is Stumped, Investors Should Play It Safe

admin @ 1:04 pm — Link to this post
WHEN Alan Greenspan says he cannot explain why longer-term interest rates are so low, what's an investor to do? Take cover.

Four Strong Emerging Markets. But How to Play Them?

admin @ 12:52 pm — Link to this post
WHAT do Brazil, Russia, India and China have in common? They have the greatest prospects for long-term economic growth among big emerging-market countries, in the view of many analysts, who are bullish about investing in them.

Fed Chief Sees Home Price Bubble

admin @ 7:44 am — Link to this post
Federal Reserve Chairman Alan Greenspan yesterday said he sees a housing price bubble in "certain areas" and suspects prices are vulnerable to declines, but they will not collapse in any way that threatens the economy.

February 20, 2005

Flaws Showing in 529 Plans for College Savings

admin @ 6:00 am — Link to this post
In recent months, 529 plans have been under severe scrutiny by a task force of the Securities and Exchange Commission, both houses of Congress and the National Association of Securities Dealers. Their shortcomings came to light recently as a result.

Men and Women Spend and Save Differently

admin @ 5:58 am — Link to this post
When it comes to money, men and women view it, spend it and invest it very differently.

February 19, 2005

Avoiding Confusion With IRA Rollovers

admin @ 8:45 pm — Link to this post
A botched rollover of your individual retirement account can mean the difference between retiring in comfort or retiring a few years later than you'd planned.

American Express’s Advisory Unit Faces Fraud Charges

admin @ 6:56 am — Link to this post
New Hampshire regulators accused American Express Co.'s financial-advisory unit of defrauding customers by giving its sales force secret incentives to sell poorly performing in-house mutual funds, rather than investments from competitors.

Time Warner Stops Granting Stock Options to Most of Staff

admin @ 5:55 am — Link to this post
Time Warner said yesterday that it would no longer grant stock options to most employees, citing new accounting rules.

Exxon Mobil Takes Top Spot From G.E.

admin @ 5:54 am — Link to this post
Buoyed by rising profits from lofty oil prices, Exxon Mobil passed General Electric yesterday to become the largest corporation in the nation measured by stock market value.

A New S.E.C. Rule Fails to Raise Share Prices, and Some Are Angry

admin @ 5:51 am — Link to this post
IT'S a criminal conspiracy when stocks move the wrong way, and the government should do something about it.

February 18, 2005

Fed Chief Urges Cutback in Scale of 2 Big Lenders

admin @ 11:35 am — Link to this post
The Federal Reserve chairman, Alan Greenspan, urged Congress on Thursday to sharply scale back Fannie Mae and Freddie Mac, the giant and troubled government-sponsored mortgage companies.

Outlooks Differ at Wal-Mart and Target

admin @ 11:35 am — Link to this post
Wal-Mart Stores, the discount retail giant, rang up more than $288 billion in sales last year, the company announced yesterday, an impressive total that kept it in first place among American corporations in terms of revenue.

The Times Company Acquires About.com for $410 Million

admin @ 11:33 am — Link to this post
The New York Times Company announced yesterday that it would acquire About Inc. and its Web site, About.com, from Primedia Inc. for $410 million.

Merck May Resume Sales of Painkiller, Official Says

admin @ 11:32 am — Link to this post
A top Merck research official suggested to a federal drug advisory panel on Thursday that the company might soon decide to start reselling the painkiller Vioxx in the United States, despite risks it may pose to the heart.

NASD Says Fund Family Paid Improper Fees

admin @ 11:31 am — Link to this post
NASD has accused an affiliate of American Funds, the nation's third-largest mutual fund company, of directing $100 million in trading commissions to the brokerage firms that were top sellers of its funds.

Greenspan Backs Idea of Accounts for Retirement

admin @ 11:31 am — Link to this post
Alan Greenspan, the Federal Reserve chairman, gave his blessing on Wednesday to the creation of individual investment accounts in Social Security but expressed unease that the change could lead to trillions of dollars in additional government borrowing in the next few decades.

Starbucks Will Venture Into Coffee Liqueur

admin @ 11:30 am — Link to this post
The Starbucks Corporation's latest attempt to create a beverage that is not just for breakfast starts today with the nationwide introduction of an alcoholic coffee drink.

Greenspan Says Entitlement Programs Need Reform

admin @ 11:29 am — Link to this post
Federal Reserve Chairman Alan Greenspan said on Wednesday the U.S. economy entered 2005 in good shape but warned fiscal discipline was essential to meet future challenges.

A Hedge Fund May Try to Buy Circuit City, but It May Not

admin @ 11:29 am — Link to this post
Circuit City, the nation's second-largest electronics chain, said yesterday that it had received a $3.25 billion unsolicited takeover bid from one of its largest shareholders, Highfields Capital Management.

February 17, 2005

House Vote Sends Measure On Class-Action Suits to Bush

admin @ 12:28 pm — Link to this post
Congress on Thursday passed legislation that would transfer most large, multistate class action lawsuits to federal court, fulfilling one of President Bush's second-term goals.

Investors Get Shortchanged on Interest

admin @ 11:14 am — Link to this post
The New York Stock Exchange yesterday issued a warning to brokerage houses who may be sweeping billions of dollars of their clients' cash into special accounts that pay lower interest rates than money-market funds.

Going Online To Balance Family Budget

admin @ 11:12 am — Link to this post
Banks want their Web sites to keep track of your budget as well as your balances.

Greenspan Sees Medicare Crunch

admin @ 10:42 am — Link to this post
Federal Reserve Chairman Alan Greenspan told lawmakers that the funding shortfall in Medicare is of a much greater magnitude than the problems facing the Social Security system, and that Congress should offset tax cuts by cutting spending.

February 16, 2005

How to Make Tax-Law Changes Work for You This Filing Season

admin @ 5:20 pm — Link to this post
For instance, with the new law on sales-tax deductions, some people may be better off deducting sales tax even if the amount is less than what they paid in state and local income tax.

E-Trade Slashes Fees Across The Board, Continuing Online Brokerage Price War

admin @ 4:36 pm — Link to this post
E-Trade launched the latest salvo Tuesday in online brokerages' growing price war, putting its commissions more in line with rivals.

E*Trade Cuts Some Trading Costs

admin @ 4:34 pm — Link to this post
E*Trade, based in New York, said it is making changes to three big customer groups. E*Trade will make it easier to qualify for its "power E*Trade" active-trader service, bringing the number of trades per quarter needed to 15 from 27. These customers will pay a $9.99 commission when they make five to 49 trades a month.

NHL Cancels Rest of Season As Flurry of Negotiations Fail

admin @ 4:28 pm — Link to this post
Calling off what little was left of its 2004-05 season, the National Hockey League became the first professional sports league to cancel an entire season because of a labor conflict.

February 15, 2005

G.M. Will Pay $2 Billion to Sever Ties to Fiat

admin @ 1:22 pm — Link to this post
General Motors said on Sunday that it would pay Fiat $2 billion so that it would not be forced to take over Fiat's ailing auto business, resolving a dispute between the two that had threatened to become a court battle.

February 13, 2005

Utah, Alaska Among Top 529 Plans

admin @ 9:38 am — Link to this post
For the second consecutive year, college-savings plans in Utah, Michigan, Alaska and Virginia snagged the top spots on research firm Morningstar Inc.'s annual list of the best 529 plans.

Sullivan: Accounting Sank Merger Deal

admin @ 8:38 am — Link to this post
A possible 2001 merger between WorldCom Inc. and Verizon Communications was scuttled by internal concerns over accounting tricks at WorldCom, jurors in the fraud trial of former WorldCom CEO Bernard Ebbers were told on Thursday.

February 4, 2005

February brings some good news, some bad news

admin @ 3:22 pm — Link to this post

The Minneapolis/St. Paul housing market is starting to improve.  Showings and offers have been rising steadily…. but so has the number of homes for sale.  While January did show some good signs, the number of homes that received an acceptable offer and are waiting to close (called Pendings) is down about 5% from last year.  While it is way too early in the year to determine trends, most agents believe that 2005 will be marked by less house price appreciation, slowly rising interest rates, and homes that take longer to sell due to increased inventory.  This is by no means a bad scenario…. in fact, 2005 is shaping up to be more like a “typical” year that we haven’t seen around here since the mid 1990’s.

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