plus 4, Executive Assistant - Mediabistro.com

Executive Assistant - Mediabistro.com
Community briefs - Dubuque Telegraph Herald
Big U.S. Brokers Lost Clients to Online Firms: Survey - ABC News
TCS BaNCS Core Banking Ranked China's No. 1 Banking Solution in 2008 ... - Biloxi Sun Herald
Stocks rise as investors await Bernanke speech - NewOrleans.Com

Posted: 07 Dec 2009 08:47 AM PST

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Community briefs - Dubuque Telegraph Herald

Posted: 07 Dec 2009 07:57 AM PST

Dubuque

Conservation photo contest seeks entries

The third annual Dubuque County Conservation Board Capture Dubuque Photo Contest is coming to a close on Dec. 11.

There is a junior and adult category. If you are interested in entering, call 563-556-6745 and ask for Jenny or e-mail dccblawler@mwci.net.

Rules can be found at www.dubuquecounty.org -- click on conservation and calendar of events.

Event sponsors are Gavin Photographic Services, Theisens, Dubuque Bank & Trust, U.S. Bank, Bait Shack, Steve's Ace Home and Garden, Video Creations/Digital Dubuque, and Friends of DCCB Inc.

Montessori school to present concert

The Dubuque Montessori School will host a Winter Music Concert from 3 to 4 p.m. Sunday, Dec. 13, at the Dubuque Carnegie-Stout Public Library, 360 West 11th St.

Children are encouraged to explore music and movement by using a variety of musical instruments under the direction of music therapist, Abbey Dvorak.

Free admission with free-will donations accepted at the door. For information, call 563-556-5101.

Shalom to host evening of readings

The Shalom Retreat Center, 1001 Davis St., will host an evening of Advent/Christmas Music and Readings.

The even is titled "From Advent to Epiphany, A Journey of Hope" from 6 to 9 p.m. Monday, Dec. 14 at the center.

The evening begins with a dinner followed by a concert presented by Dubuque area musicians and singers.

The offering to attend is $20. Registration is required by Wednesday, Dec. 9, by calling 563-582-3592.

Platteville, wis.

Wrappin' on Main Street available

The Platteville Optimist Club will join the Platteville Main Street Program in a Wrappin' On Main Street free gift wrapping events.

Visit Santa Claus and get your gifts wrapped at the same time.

The events will be at 11 E. Main St., Monday, Dec. 14, from 4 to 7 p.m.; Wednesday, Dec. 16, from 4 to 7 p.m.; and Saturday, Dec. 19, from 10:30 a.m. to 2 p.m.

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Big U.S. Brokers Lost Clients to Online Firms: Survey - ABC News

Posted: 07 Dec 2009 08:47 AM PST

NEW YORK (Reuters) - Big, full-service brokerages have lost a significant chunk of business to online firms that told small investors they are better off making their own decisions, Aite Group said in a report.

In the wake of a financial crisis that shook up the brokerage industry and pummeled portfolios, online brokers took to the airwaves to attack the high commissions and poor performance of full-service brokers during the slump.

The ad campaigns appear to have worked: Discount brokers took in 25 percent more assets from full-service advisory firms than they lost over the past two years, Aite said.

But full-service brokers claimed they were winning the war for clients, the financial services consulting and research firm said.

"Advisers must wake up to reality and combat the message coming from the discount brokerage arena," said Adam Honore, research director at Boston-based Aite.

Among more than 400 financial advisers surveyed by Aite, 23 percent said they had lost customers to online brokerages.

Specifically, brokers said the biggest threat was E*Trade Financial Corp -- despite its financial woes -- followed by Charles Schwab Corp , closely held mutual fund giant Fidelity Investments, and TD Ameritrade .

Over the past two years, the average financial adviser lost more than 7 percent of his clients to online firms. Even so, some 70 percent of the full-service advisers surveyed dismissed online firms as a threat.

The survey also found that 22 percent reported losing customers to regional and local brokerages, while another 17 percent saw clients move to independent registered investment advisers (RIA).

Big firms were buffeted by some big changes last year. Hard-hit Citigroup combined its Smith Barney brokerage with a joint venture led by Morgan Stanley ; Merrill Lynch was acquired by Bank of America Corp , another commercial bank roiled by the crisis; and UBS , the Swiss bank, is working through its own financial woes and a series of scandals.

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TCS BaNCS Core Banking Ranked China's No. 1 Banking Solution in 2008 ... - Biloxi Sun Herald

Posted: 07 Dec 2009 08:40 AM PST

"New customer wins on a periodic basis have been central to TCS' success as a Leader in this region," said Serena Shang, Senior Analyst, IDC China. "TCS BaNCS' capability to scale and address a wide range of financial institutions coupled with their global track record is an attractive proposition. They can consolidate their initial learnings to make faster progress in perhaps one of the toughest markets in the world."

N.Ganapathy Subramaniam, President, TCS Financial Solutions, said, "Our promise of Experience Certainty to customers is a global commitment that addresses business problems, even in markets where language can be a significant barrier. Our momentum in China is a clear expression of our unflagging focus. We look forward to more clients leveraging our comprehensive portfolio of products and solutions."

Girija Pande, Executive Vice President and Head, TCS Asia Pacific, said, "China, with its unique dynamics and size offers unparalleled opportunities as well as challenges. In addition to a compelling solution footprint, our track record of serving large global customers has enabled us to foray successfully. This ranking augurs well as we bring competitive advantage to our customers through smart use of technology."

About TCS Financial Solutions

TCS Financial Solutions is a strategic business unit of Tata Consultancy Services. Dedicated to providing business application solutions to financial institutions globally, TCS Financial Solutions has compiled a comprehensive product portfolio under the brand name of TCS BaNCS. Our mission is to provide best-of-breed solutions that drive growth, reduce costs, mitigate risk, and offer a faster speed to market for our customers. With a global customer base of more than 240 institutions operating in over 80 countries, TCS Financial Solutions delivers state-of-the-art software solutions for the banking, insurance and capital markets industries worldwide. For more information, visit us at www.tcs.com/bancs.

About Tata Consultancy Services Ltd (TCS)

Tata Consultancy Services is an IT services, business solutions and outsourcing organization that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model, recognized as the benchmark of excellence in software development. A part of the Tata Group, India's largest industrial conglomerate, TCS has over 140,000 of the world's best trained IT consultants in 42 countries. The company generated consolidated revenues of US $6 billion for fiscal year ended 31 March 2009 and is listed on the National Stock Exchange and Bombay Stock Exchange in India.

TCS web site: http://www.tcs.com/rss_feeds/Pages/feed.aspx?f=p

Feedburner: http://feeds2.feedburner.com/tcspress

SOURCE Tata Consultancy Services

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Stocks rise as investors await Bernanke speech - NewOrleans.Com

Posted: 07 Dec 2009 08:40 AM PST

Stocks rise as investors await Bernanke speech

Written by Associated Press | Monday, 07 December 2009 04:47 Business News AP

NEW YORK (AP) - The stock market edged higher Monday as investors tried to predict when interest rates might start rising.

Prices for commodities including gold and oil fell. Treasury prices, meanwhile, rebounded from a slide last week.

The dollar slipped against other currencies ahead of comments from Federal Reserve Chairman Ben Bernanke, who will speak before the Economic Club of Washington. Bernanke has said that the Fed plans to keep rates low for the foreseeable future, but investors believe that as the economy improves the central bank might move to raise rates and withdraw other measures to boost the economy including low-interest loans to big banks. That could reverse the dollar's months-long slide and put a dent in the stock market's advance.

Concerns about the Fed's next move have heightened since Friday, when investors got one of the best indications yet that the economy is strengthening. The Labor Department said employers cut fewer jobs in November than at any time since the recession began at the end of 2007. Also, the unemployment rate dropped to 10 percent from a 26-year high of 10.2 percent.

Stocks had jumped after Friday's employment report, but gave up most of their early gains as expectations of a possible rate hike grew and the dollar rose. Some analysts say the market overreacted in predicting that interest rates were due to rise, however.

"We have a slowly recovering economy," said Robert MacIntosh, chief economist at Eaton Vance Management. "I don't think you need to worry about the Fed changing their mind and raising rates anytime soon."

In late morning trading, the Dow Jones industrial average rose 21.24, or 0.2 percent, to 10,410.14. The Standard & Poor's 500 index rose 0.59, or 0.1 percent, to 1,106.57, while the Nasdaq composite index slipped 0.88, or less than 0.1 percent, to 2,193.47.

The ICE Futures US dollar index slipped 0.2 percent. Gold prices fell, and oil dropped $1.04 to $74.43 a barrel on the New York Mercantile Exchange.

Bond prices rose. The yield on the benchmark 10-year Treasury note, which moves opposite its price, dipped to 3.45 percent from 3.48 percent late Friday.

On Friday, the Dow rose just 23 points, after having been up as much as 151 points early in the day. All major stock indexes finished the week higher.

Low interest rates and the resulting slide in the dollar have helped fuel the stock market's advance since March. The weak dollar has encouraged investors to buy stocks, commodities and other higher-yielding assets. If the Fed were to raise rates, that would be a good sign that the economy is strengthening. However, investors could curb their buying of stocks and look for ways to make more money elsewhere as rates rise.

A stronger dollar could also hurt companies that produce commodities and have large international operations. Those companies make more money when the dollar is weak and overseas sales are translated into greenbacks. A weaker dollar also makes their goods and services cheaper for foreign buyers.

Stocks are likely to drift as investors await more details from the Fed, which will host its last policy meeting of the year next week. Reports on international trade, business inventories and retail sales are among this week's economic data.

In other trading, the Russell 2000 index of smaller companies rose 0.99, or 0.2 percent, to 603.78.

Four stocks rose for every three that fell on the New York Stock Exchange, where volume came to 309.8 million shares compared with 471.6 million shares.

Overseas, Japan's Nikkei stock average rose 1.5 percent, while Hong Kong's Hang Seng index slipped 0.8 percent. In afternoon trading, Britain's FTSE 100 fell 0.1 percent, Germany's DAX index fell 0.6 percent, and France's CAC-40 rose 0.2 percent.