Google 's third-quarter profit is highest ever Oct 16, 2009
CHARLES SCHWAB CORP. said it attracted new accounts, but its profit fell 34 percent as low interest rates and waivers on fees ate into revenue. Revenue fell 19 percent to $1. (The Augusta Chronicle)
Charles Schwab 3Q Profit Falls 34 Percent Oct 16, 2009
Charles Schwab 3rd-qtr profit falls 34 pct fee revenue declines, trading activity slows ... FILE - In this April 14, 2008 file photo, the entrance of a Charles Schwab office in San Jose ... FILE - In this April 14, 2008 file photo, the entrance of a Charles Schwab office in San Jose, Calif. (ABC News -- Business)
Market Winners & Losers: Sunoco, Southwest Airlines Oct 16, 2009
Charles Schwab Corp. (SCHW) The investment company closed down 4. 8% after its earnings release. (Fox News)
Shine Vernon Team Files New Fraud Claims Today Against Charles Schwab Over YieldPlus Fund Misconduct Oct 16, 2009
Oct. 15, 2009 (GLOBE NEWSWIRE) -- Charles Schwab & Co. and its former high-profile fund manager engaged in deception and fraudulent conduct when they misrepresented the as safe haven for investors while loading the fund with high concentrations of risky mortgage- and asset-backed securities that exposed fund investors to steep losses of their principal, according to claims filed today by the Shine Vernon legal team on behalf of investors with more than $400,000 in losses ... Charles Schwab... (Primezone Releases)
Mr. President, could I ask you something? Oct 15, 2009
(Overall compensation at San Francisco's Charles Schwab Co., the only Bay Area company surveyed, actually declined, by 6. 4 percent, although its employees average out at a healthy $129,000 a year. (San Francisco Chronicle -- Business)
US stocks up on earnings confidence Oct 13, 2009
"A weaker dollar is helping boost crude oil and metals prices, with the Dow Jones Industrials touching a new high for the year and getting closer to the 10,000 mark not seen since October 2008," analysts at Charles Schwab id in a note to clients ... "Despite the near-term expectation of rates remaining unchanged, tension over the timing of the next move of the Fed is high, with traders parsing every word from Fed officials over the past few weeks," Charles Schwab analysts said. (India Times)
Business Briefing Oct 12, 2009
-- Third-quarter financial results from Charles Schwab ... -- Third-quarter financial results from Charles Schwab. (San Francisco Chronicle -- Business)
US stocks mixed as mood founders Oct 8, 2009
Alcoa was set to release the first of the earnings from blue-chip companies, but releases from other firms earlier in the day were "mostly positive", said analysts at Charles Schwab & Co.. Fred Dickson at DA Davidson & Co said the market has shown resilience in the face of any selling pressure. (Sydney Morning Herald -- Business)
Wall Street mixed as earnings season opens Oct 8, 2009
Alcoa released the first of the earnings from blue-chip companies after the close, but releases from other firms earlier in the day were "mostly positive," said analysts at Charles Schwab ny. After the close of trade, Alcoa surprised the markets by reporting it had swung to a third-quarter profit of 77 million dollars after three consecutive losing quarters. (Business Report, South Africa)
Umpqua and Ferguson Wellman agree to exclusive partnership Oct 5, 2009
The firm has long participated in referral agreements with other businesses, most significantly with brokerage Charles Schwab Corp. But that arrangement is not exclusive, said James Rudd, Ferguson Wellman principal and CEO.. The arrangement with Umpqua is by far the largest referral arrangement we have, he said. (The Business Journal of Portland, OR)
When the CEO Job Is Split in Two Oct 5, 2009
Attempts to split the CEO role over the years have led to clashing egos and crippling power struggles at such companies as Goldman Sachs (), Citigroup (), Martha Stewart Living Omnimedia (), Charles Schwab (), Unilever (), and Kraft Foods (). The record is so bad, in fact, that many wonder why any board would split the role, particularly in a recession when decisiveness is key. (BusinessWeek)
Treasurys Prices Fall as Investors Take Profits Oct 3, 2009
Matt Hastings, a portfolio manager at Charles Schwab Investment Management, said Friday's retreat after such a big gain the day before was not surprising. Some of Thursday's run-up could have also been tied to traders factoring in the weak monthly jobs report a day early, he said. (ABC News -- Wire)
Kohlberg Kravis Roberts & Co. goes public Oct 2, 2009
40 and 43 respectively, each worth $5 billion-plus, and Charles Schwab, No. 50, with $4. 7 billion. (San Francisco Chronicle -- Business)
Wall St ends weaker as rally pauses Sep 22, 2009
The market was "pausing after strong returns had indexes hitting 2009 highs last week and traders look to book some profits ahead of the Federal Reserve's monetary policy meeting," analysts at Charles Schwab id in a note to clients. "Traders will be watching for clues on the Fed's timing and process to begin scaling back on the asset purchase portion of monetary stimulus," they said. (India Times)
Swagger Still Missing In Investment Game Sep 21, 2009
"People were in shock for a while. Now they're reassessing their situation and being very pragmatic, especially about their retirement," says Mark Jamison, a vice president at financial services firm Charles Schwab Corp. "They are learning that if you're willing to work a little more, spend a little less, take Social Security later, things can still work out all right.". . (Click2Houston, TX)
Religious groups offer financial guidance, too Sep 19, 2009
To me, it made perfect sense because if I d gone somewhere like Charles Schwab, it wouldn t have related to me personally. Thomas Cloud Jr., a certified financial planner and fiduciary in Atlanta who writes the blog Entrusted Steward, does not hide the fact that his advice is rooted in his religious principles. (Atlanta Journal-Constitution -- Business)
Wall Street rally runs out of steam Sep 18, 2009
The market was disappointed "over sales performances in some profit reports" and a smaller-than-expected increase in housing building permits, analysts at Charles Schwab & Co. said in a report. Software giant Oracle and package-shipping company FedEx both matched earnings expectations but posted disappointing sales. (Yahoo News -- Press Releases)
Meltdown jolts consumers from financial fairyland Sep 18, 2009
"People were in shock for a while. Now they're reassessing their situation and being very pragmatic, especially about their retirement," says Mark Jamison, a vice president at financial services firm Charles Schwab Corp. "They are learning that if you're willing to work a little more, spend a little less, take Social Security later, things can still work out all right.". The jolt to investors hurt so much because it hurt so many. (Sioux City Journal, IO)
Man gets 15 months for E-Trade skimming scam Sep 18, 2009
(09-17) 17:07 PDT -- A California man was sentenced to 15 months in prison on Thursday after he pleaded guilty to opening tens of thousands of bogus online brokerage accounts and then pocketing the tiny test deposits made by companies like and Charles Schwab. More IDG Headlines. (San Francisco Chronicle -- Technology)
Investors Should Think Global, Execs Say Sep 14, 2009
They will have to think of ways to reduce an "over-reliance on dollar-denominated assets," Fink told investors and fund managers at the Charles Schwab Impact 2009 conference in San Diego. "One of the outcomes of the deterioration of our capital markets in the United States is a greater need for more global diversification," said Fink, whose steady helmsmanship of BlackRock through the crisis has earned him a reputation as one of the shrewdest asset managers on Wall Street. (ABC News -- Business)
Slimmed-down companies rethink office space Sep 9, 2009
Today, large companies in San Francisco such as Charles Schwab (500 to 600 layoffs this year) are moving workers closer together and subleasing the extra office space to generate cash. As of January, according to Studley, a local brokerage firm that represents tenants, about 2 million square feet of subleased office space is on the downtown market, the most since the recession that followed the Sept. 11 attacks. (San Francisco Chronicle)
US stocks rally after unemployment data Sep 5, 2009
"Traders are cheering the loss of fewer-than-expected jobs, while overlooking a rise in the unemployment rate to a 26-year high," analysts at Charles Schwab id in a note to clients. Stock analysts viewed the jobs report, showing unemployment climbing to 9. (Sydney Morning Herald -- Business)
Asian markets ignore upbeat data Sep 2, 2009
The bearish outlook in New York trampled early gains "in spite of bullish economic data that showed the manufacturing sector expanded for the first time in 19 months," Charles Schwab nalysts said in a note to clients. Figures showing the US manufacturing sector grew in August after 18 consecutive monthly declines was hailed by President Barack Obama as "a sign that we are on the path to economic recovery". (India Times)
$1B in Hawaii state investments tied up Aug 31, 2009
For now the state is reserving its right to sue investment banks that sold the SLARS. New York Attorney General Andrew Cuomo sued Charles Schwab Corp. this month claiming the broker had misrepresented auction-rate securities as liquid investments. While the state of Hawai'i says it could hold the securities until their maturity, it is h 00001568 oping the banks will make good on an agreement they struck with the U.S. Securities and Exchange Commission on the auction-rate problem. (Honolulu Advertiser)
FEMALE FOCUS Aug 28, 2009
She had just started as a customer-service representative at Charles Schwab and fielded a call from a woman who had lost her husband. The woman wanted to talk to a female adviser, but Krueg had to transfer the call elsewhere in the firm because she wasn't qualified to give financial advice. (AZCentral -- Business)
Best Paid Cities Are Swiss Aug 26, 2009
A More Disciplined Approach Charles Schwab strategist Liz Ann Sonders says extremes of fear and greed are an investor's enemy. American Heartland Renaissance Four reasons why small towns cultivate entrepreneurship. (Forbes -- Business)
Remember me? Wall Street repackages debt for sale Aug 24, 2009
Charles Schwab Inc. Responds to New York State Attorney General. Charles Schwab Inc. filed its written response on Friday, July 24, 2009, to allegations by the Attorney General of New York (NYAG) con 00004000 cerning the companys sale of Auction Rate Securities (ARS) to retail clients. (Fresno Bee -- Business)
New economic data set to test Wall Street bull run Aug 23, 2009
"The market might be due for a pullback, but we view that as a healthy shakeout and remain constructive on the overall market and economic outlook," analysts at Charles Schwab and Co. said in a note to clients. "Despite investor sentiment getting a bit overly optimistic -- usually a contrarian indicator -- we remain largely constructive on the market," they said. (Yahoo! Asia News)
Buffett Informs, Schwab Whines on Op-Ed Pages Aug 22, 2009
Charles Schwab Corp. didnt create ARS and didnt actively market them, he says, so it shouldnt have to cough up the dough to make its clients whole. Customer Guarantees. (Bloomberg -- Columnists)
Autonomy Completes Integration of Idol Into Scrittura Aug 20, 2009
Customers include Bank of America, Charles Schwab, Deutsche Bank, eBay, Lincoln Financial Group, LPL Financial, MetLife, Morgan Stanley, Societe Generale, and TD AMERITRADE. Scrittura, which joined Autonomy as a result of the company's acquisition of Interwoven, also has a strong track record in providing innovative solutions that address the evolving needs of capital markets institutions. Autonomy Scrittura 4. (PR Newswire)
Analyst Picks and Pans: TD Ameritrade, Cigna, Par Pharmaceutical Aug 20, 2009
That monthly decline was more than competitors, including Charles Schwab Corp. and TradeStation Group Inc., Snowling added. However, that decline was not enough to sway Snowling to change his rating or price target as brokerages enter a seasonally slow period of trading. (BusinessWeek)
Charles Schwab Corp., Cuomo won't back off Aug 19, 2009
As he said he would if Charles Schwab Corp. refused to cough up plenty of dough, New York Attorney General Andrew Cuomo filed suit against San Francisco's discount brokerage on Monday over its marketing of auction-rate securities. That is, investments supposed to be as safe as cash under the mattress, before the $330 billion auction-rate market burned down last year. (San Francisco Chronicle)
Schwab sued over auction-rate securities Aug 18, 2009
New York Attorney General Andrew Cuomo sued Charles Schwab & Co. on Monday over alleged misrepresentation to clients on the liquidity of auction-rate securities. Auction-rate securities, which are repriced on a daily, weekly or monthly basis, were among the first casualties of the credit crisis. (Albany Business Review, NY)
CUOMO SUES SCHWAB OVER 'RISKLESS' PAPER Aug 18, 2009
New York Attorney General Andrew Cuomo and Charles Schwab Corp. spent yesterday trading barbs after Cuomo sued the online brokerage house for misleading investors and Schwab blasted the suit as misguided ... Last month, Cuomo leaked news of his "imminent legal action" against Charles Schwab, while crowing over a 456 million settlement with online broker TD Ameritrade over the same issue. (New York Post -- Business)
N.Y. AG sues Schwab, claiming it misled clients Aug 18, 2009
New York Attorney General Andrew Cuomo filed a lawsuit Monday against the brokerage unit of Charles Schwab Corp., claiming the firm misled customers about the safety of auction-rate securities ... Last month, Cuomo's office notified San Francisco-based Charles Schwab that it was planning to file the suit against the retail brokerage firm for claiming the securities were safe investments while selling them to customers ... In a statement Monday, Cuomo said: "Charles Schwab owed its customers a... (MSNBC -- Business)
Quinn Emanuel Slams Cuomo's 'Unwarranted' ARS Suit Against Charles Schwab Aug 18, 2009
Top Stories From Law. When confronted with allegations of manipulations of the auction-rate securities market by New York Attorney General Andrew Cuomo, most firms have decided to settle up and keep quiet. (Law.com)
Selling Spree: Dow Loses 186 on Aug 18, 2009
Charles Schwab (SCHW) was sued by the New York attorney general for civil fraud related to the brokerage firms marketing and sales of auction-rate securities. Schwab said filing any charges against it is totally unwarranted. (Fox News)
Schwab sued over securities Aug 18, 2009
NY AG sues Charles Schwab over securities sales. Article:NY AG sues Charles Schwab over securities sales:/n/a/2009/08/17/financial/f072537D62 ... DTL Article:NY AG sues Charles Schwab over securities sales:/n/a/2009/08/17/financial/f072537D62. (San Francisco Chronicle -- Business)
Charles Schwab Corp., Cuomo won't back off Aug 18, 2009
Charles Schwab Corp., Cuomo won't back off. Article:Charles Schwab Corp., Cuomo won't back off:/c/a/2009/08/17/BUFR199OHN.DTL Article:Charles Schwab Corp., Cuomo won't back off:/c/a/2009/08/17/BUFR199OHN.DTL advertisement ... Charles Schwab Corp., Cuomo won't back off. (San Francisco Chronicle -- Business)
U.S. Companies Play the Recovery—Overseas Aug 17, 2009
About 40% of revenues for companies in the broad Sindex are "internationally driven," notes Michelle Gibley, senior market analyst at Charles Schwab (). Companies in technology, industrial, and cyclical businesses are most exposed, while health care and utilities stocks are more U.S.-focused. (BusinessWeek)
Tax Cheat Trail Leads to Hong Kong Aug 17, 2009
New York state's attorney general, Andrew Cuomo, has set his sights on a new scalp -- the brokerage firm Charles Schwab Corp. According to the WSJ, Cuomo's office is expected to file , "alleging civil fraud related to the brokerage firm's marketing and sales of auction-rate securities according to people familiar with the situation." The NY state AG's office approached Schwab a month ago saying it would sue unless Schwab bought back the dud securities from investors "who were stuck with them... (Slate)
Mass. rejects settlement offer in Madoff scandal Aug 17, 2009
New York State Attorney General Andrew Cuomo this month brought claims against Charles Schwab ver its sales and marketing practices relating to these securities. The accusation claims Schwab brokers repeatedly misled investors about the risks of investing in auction rate securities. (Fresno Bee -- Business)
Stock futures point to drop as world stocks sink Aug 17, 2009
New York Attorney General Andrew Cuomo, probing illegal marketing and sales of auction rate securities (ARS), is likely to file a lawsuit on Monday against Charles Schwab Corp (SCHW.O) for civil fraud, the Wall Street Journal said, citing people familiar with the matter. U.S. shares dropped broadly on Friday, with the major indexes snapping a four-week streak of gains after poor consumer sentiment data reignited worries about the strength of an economic recovery. (Yahoo News -- Press Releases)
Why Be an Ethical Company? They're Stronger and Last Longer Aug 17, 2009
Charles Schwab & Co. () has largely avoided the huge fallout. So has US Bancorp (). (BusinessWeek)
THE SQUEEZE PLAY Aug 14, 2009
In 2007, E*Trade was expected to merge with Canadian brokerage firm TD Ameritrade or Charles Schwab, but neither deal materialized once the credit crunch set in. Yet even as the markets show signs of improvement, imploding mortgages continue to plague the firm, and forced regulators, including the Office of Thrift Supervision, to force the firm to raise fresh capital. (New York Post -- Business)
The Charles Schwab Corporation (SCHW) to Ring The NASDAQ Stock Market Closing Bell Aug 12, 2009
What: The Charles Schwab Corporation (SCHW) will be visiting the NASDAQ MarketSite in New York City's Times Square to host "The Evolution of Active Trading: New Strategies for New Times," a panel discussion designed to examine lessons learned from recent market activity, and to discuss new ideas and strategies that have emerged from the current market environment. In honor of the occasion, Kelli Keough, Vice President Investor Services of The Charles Schwab Corporation (SCHW) will preside over... (Primezone Releases)
Stocks jump on upbeat employment data Aug 8, 2009
Ian Shepherdson of High Frequency Economics said the unexpected improvement in the unemployment rate was unlikely to last, given July's number "was due entirely to a 422,000 drop in the labour force''.The bulls dominated the market despite such nagging worries. "Even with traders debating whether the recent rally in the equity markets in the past month and since early March has outpaced the economic reality, stocks managed to keep chugging higher,'' Charles Schwab & Co. analysts said in a client... (Sydney Morning Herald -- Business)
As Market Rose, E-Brokers Saw Fall In New Accounts Aug 7, 2009
Even as the stock market improved in the June quarter, e-brokers Charles Schwab (), TD Ameritrade () and E-Trade Financial () saw their number of new brokerage or total accounts decline from the March quarter ... 8 Online brokerage TD Ameritrade (AMTD) will buy back $456 mil in auction-rate securities, settling with N.Y. Att'y Gen'l Andrew Cuomo and the SEC. Cuomo also plans to sue Charles Schwab (SCHW) for civil fraud over its marketing and sales of auction-rate securities to clients, saying... (Investors Business Daily)
Companies Top Profit Forecasts As Cost Cuts Offset Weak Sales Aug 4, 2009
Brad Sorensen, director of sector and market research at Charles Schwab, favors U.S. companies with international exposure. He especially likes large cap firms with "at least a foothold or a toe in the water" in such areas as Brazil, Russia, India, China, Eastern Europe and Vietnam. (Yahoo News -- Press Releases)
Banks' Wire House Deals Spur Exodus of Advisers Aug 4, 2009
Using the Charles Schwab RIA platform, Seacrest hires advisers from the wire houses and similar firms, Sullivan said. It has 15 advisers in four offices and plans to have seven offices by yearend. (American Banker)
Reassessing Investors' Risk Tolerance Aug 3, 2009
Widely available tests, including those from Charles Schwab () and Vanguard, ask some questions based on behavioral finance, or how psychology affects investment decisions. Schwab asks investors to choose whether they are most concerned with losing or making money, or whether they are equally concerned about both. (BusinessWeek)
Waiving money fund fees may hurt Schwab profits Aug 2, 2009
Most people think of Charles Schwab as a brokerage firm, but one of its biggest profit generators is actually money market funds. 08. (San Francisco Chronicle -- Business)
Business People Aug 2, 2009
Before joining Dowling e, Kolsrud worked at Charles Schwab or 10 years in various roles. A member of the Financial Planning Association, she is also involved as a member of the Surfrider Foundation, San Diego Chapter, and the USA Triathlon Organization. (North County Times)
$186 Billion Class Action Against Brokerages Dismissed Jul 29, 2009
The modification of the program was the focus of the complaint filed against Merrill Lynch, Morgan Stanley, Citigroup, Charles Schwab and Wachovia ... They are: Jay Kasner and Scott Musoff of Skadden, Arps, Slate, Meagher & Flom for Merrill Lynch; Allen Burton, Bradley Butwin, and Daniel Cantor of O'Melveny & Myers for Morgan Stanley; Alfred Robert Pietrzak and Andrew Stern of Sidley Austin for Citigroup; Theo Robins and Kenneth Schacter of Bingham McCutchen for Charles Schwab; and Michael... (Law.com)
Citigroup Folds MiFi as McWhinney Remakes Bank-Based Brokerage Operations Jul 28, 2009
McWhinney oversaw Charles Schwab Corp.s network of independent investment advisers before leaving the San Francisco-based company in 2007. Priot to that, she spent 17 years with. (Bloomberg -- US)
TD Ameritrade Settles for $456 Million in Auction-Rate Securities Suit Jul 22, 2009
One other firm targeted by Cuomo's office, Charles Schwab & Co., has declined to settle. Cuomo announced Monday that his office intends to file fraud charges against Schwab by Friday if the matter is not resolved by then. (Law.com)
TD Ameritrade Reports 17% Slump in Profit After Interest Rates Declined Jul 22, 2009
The stock has gained 31 percent so far this year, with a 29 percent increase for the NYSE Arca Broker/Dealer Index that tracks 11 companies including TD Ameritrade and San Francisco-based Charles Schwab Corp., the largest independent brokerage by client assets. On Track. (Bloomberg -- Canada)
Who spiked the pension? Jul 21, 2009
Unsafe at any price: San Francisco's Charles Schwab trong. is the latest financial house in Andrew Cuomo's gun sights. (San Francisco Chronicle -- Business)
Schwab Fights Back Against Cuomo Over Probe of Auction-Rate Securities Jul 21, 2009
Cuomo yesterday made public a letter sent July 17 to the online brokerage saying the state is prepared to sue unless Charles Schwab & Co. provides investors with the liquidity they were promised when they bought the securities. Cuomo also said in a press release that Schwab stonewalled its customers. (Bloomberg -- US)
TD Ameritrade Settles Securities Investigation Jul 21, 2009
NY, SEC settle securities case with TD Ameritrade; NY plans suit against Charles Schwab ... Attorney General Andrew Cuomo's office also said it plans to sue the brokerage Charles Schwab saying it misrepresented the safety of such securities ... Aside from the settlement with TD Ameritrade, Cuomo's office sent a notice Friday to San Francisco-based Charles Schwab, saying it planned to sue the brokerage firm for claiming the securities were safe while selling them. (ABC News -- Wire)
TD Ameritrade to buy back $456M in auction-rate securities Jul 21, 2009
Aside from the settlement with TD Ameritrade, Cuomo's office sent a notice Friday to San Francisco-based Charles Schwab, saying it planned to sue the brokerage firm for claiming the securities were safe while selling them ... A spokesman from Charles Schwab was not immediately available Monday to comment. (USA Today -- Money)
Pelosi’s Policy Director to Step Down Jul 21, 2009
This year alone, Meltzer is listed in Senate disclosure records as lobbying for a slew of energy interests (the American Public Gas Association, the Biomass Power Association, Climax Global Energy, Exxon Mobil Corp. and the National Hydropower Association, among others), financial services firms (including Charles Schwab nc. Citigroup Management Corp., Fortress Investment Group and Pacific Capital Bancorp) and health care interests (the Biotechnology Industry Organization, Johnson on, the... (Roll Call)
Dow Soars to 6-Month High on CIT, Jul 21, 2009
Existing users please login. Remember me on this computer. (Fox News)
Charles Schwab refutes allegations Jul 21, 2009
Charles Schwab Corp. refutes civil fraud allegations - New Mexico Business Weekly ... Charles Schwab Corp. refutes civil fraud allegations. (New Mexico Business Weekly, NM)
New York may sue online broker Jul 21, 2009
Andrew Cuomo says state may sue Charles Schwab itle ... New York Attorney-General Andrew Cuomo says the state may sue Charles Schwab & Co over its marketing and sales of auction-rate securities. (Sydney Morning Herald -- Business)
