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Impala Platinum (Implats) has been downgraded to reduce at Nomura International as a strengthening rand hurt the company's profits. "The rise in the rand has significantly dented the financial prospec...

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NEW YORK----Chilton Investment Company, a leading manager of hedge funds and managed accounts, today announced that effective January 1, 2010, Jim Steinthal has been named General Counsel and has joined Chiltonâ??s Executive Committee and Board of Directors.

A Puerto Rico-based bank has filed a lawsuit against two Washington Mutual subsidiaries, alleging that they didn't properly disclose information about mortgage-backed securities they issued in 2006 and 2007, shortly before the start of the financial crisis. (JPM)

DAMASCUS, Md., Nov. 3 /PRNewswire-FirstCall/ -- Syndication Inc., (SYNJ.PK), reports that McCutcheon Marshall Jr., President and Chairman of the Board for Sentinel Renewable Energy S.C. Inc. and Pinnacle Energy Inc., the wholly owned energy subsidiary of Syndication Inc., announces that on Sunday the 25th of October 2009, Sentinel Renewable Energy S.C. Inc. signed Mr. Peter Katzburg as the new CFO of the Company. Mr. Katzburg has over thirty years of experience including service as the CFO of a Fortune 500 and a Fortune 1000 company. He currently owns and operates a Financial Consulting Firm located in South Carolina. The firm specializes in a broad and comprehensive range of financial services that focus primarily on procuring working and growth capital for Companies. The various sources include commercial and government loans, grants, and equity. Over the years Mr. Katzburg has supervised and implemented many projects for businesses throughout the State of South Carolina. As a result

The Hartford Financial Services Group has reported a much narrower loss for the third quarter, as its investment losses shrank by more than half.

NEWPORT BEACH, CA--(Marketwire - November 3, 2009) - Commerce National Bank (OTCBB: CNBF), a community business bank in its sixth year of operation, announced its financial results for the third quarter and first nine months of 2009. For the three month period ended September 30, 2009, the Bank reported net income of $105,000 as compared to a net loss of $152,000 for the same period in 2008. For the nine month period ended September 30, 2009, the Bank reported a net loss of $130,000 as compared to net income of $254,000 for the same period in 2008. For the three and nine month periods ended September 30, 2009, respectively, the Bank recorded provisions for loan and lease losses of $200,000 and $725,000 as compared to provisions of $375,000 and $702,000 for the similar periods in 2008. For the three and nine month periods ended September 30, 2009, respectively, the Bank recognized losses in its investment portfoli

Seedco Financial Services, hired by Denver's Office of Economic Development in 2007 to enhance economic development in low-income areas, has performed so poorly that it is actually hurting the city's ability to lend money to businesses, according to a city auditor's report released on Tuesday.

Korea's financial watchdog says profits at 18 banks have risen 53% to Won2,300bn in the third quarter, highlighting the extent of the recovery in Asia-Pacific's fifth-largest economy

Detroit auto maker says improvement in company's financial health gave it the ability to retain a unit that it considers vital to its global strategy