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Ameriprise Financial Inc.



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VeraSun will stop accepting some contracts

... blaming swings in the price of corn. BLOOMBERG NEWSAmeriprise to have $40 million pretax charge Ameriprise Financial Inc., the Minneapolis-based financial-planning company, said it intends to record a pretax charge of $40 million, or $26 million after taxes, in the fourth quarter of 2008. The charge results from merger-related costs associated with three acquisitions that closed in...

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Ameriprise acquisitions finalized

Ameriprise Financial Inc. has completed the purchase of a New York investment company, the company announced Friday. (AMP)

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H&R Block sells advisers unit, buys franchise operator

H&R Block Inc. has completed the sale of its H&R Block Financial Advisors unit to Ameriprise Financial Inc., and the $278 million purchase of the operator of its tax preparation franchise units in Texas, Oklahoma and Arkansas. (HRB)

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Wells Fargo letting Kovacevich stay awhile

... and Wachovia.WALL STREET JOURNALWireless Ronin to cut 22% of workforce Wireless Ronin Technologies Inc., a Minnetonka maker of software for digital signs, said it will cut 35 jobs, or about 22 percent of its workforce, to trim costs. "This was a difficult decision, but one that we made to remain operationally strong," said Steve Birke, the company's interim CEO. Wireless Ronin said it will...

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Seven Summits Research Releases Alerts on MS, NOK, JCP, AMP, and DHI

CHICAGO, Nov. 3 /PRNewswire/ -- Seven Summits Research issues PriceWatch Alerts for key stocks. Seven Summits Strategic Investments' PriceWatch Alerts are available at (Note: You may have to copy this link into your browser then press the [ENTER] key.) Today's PriceWatch Alerts cover the following stocks: Morgan Stanley (NYSE: ), Nokia Corp. (NYSE: ), J. C. Penney Company, Inc. (NYSE: JCP),...

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Ameriprise swings to a loss in Q3

Ameriprise Financial Inc. said Wednesday it swung to a loss in the third quarter, citing troubled credit-related investments in Lehman Brothers and Washington Mutual securities. (AMP)

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Ameriprise swings to third-quarter loss

SAN FRANCISCO (MarketWatch) - Ameriprise Financial Inc. said late Wednesday that it swung to a third-quarter loss of $70 million, or 32 cents a share, from a profit of $237 million, or 99 cents a share, in the year-ago period. The company reported core operating earnings of $1.04 a share for the latest quarter. Revenue fell to $1.68 billion from $2.17 billion last year. Analysts surveyed...

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MarketWatch First Take: American Express is drowning after downstream move

... each month. Its fees were higher. It wasn't accepted where pedestrian cards like bank-issued Visa Inc. (:V, , , Last: Delayed quote dataSponsored by:, , ) and MasterCard (:MA, , , Last: Delayed quote dataSponsored by:, , ) were. There weren't credit limits. Amex cards were kind of like cash with fees. Back in the old days, American Express cards were all Centurion cards, the black cards...

1Vote!

Ameriprise stock falls on analyst downgrade

Research firm Keefe, Bruyette & Woods on Wednesday downgraded its rating for Ameriprise Financial Inc., sending the company’s stock down by more than 10 percent. (AMP)

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Seven Summits Research Releases Alerts on MCD, MON, AMGN, BRCM, and AMP

CHICAGO, Oct. 15 /PRNewswire/ -- Seven Summits Research issues PriceWatch Alerts for key stocks. Seven Summits Strategic Investments' PriceWatch Alerts are available at (Note: You may have to copy this link into your browser then press the (ENTER) key.) Today's PriceWatch Alerts cover the following stocks: McDonald's Corp. (NYSE: ), Monsanto Co. (NYSE: ), Amgen Inc. (Nasdaq: ), Broadcom Corp....

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Ameriprise's porfolio losses widen

Ameriprise Financial Inc.’s pretax unrealized losses in its $25 billion investment portfolio increased by $585 million during the third quarter of 2008, the company said Wednesday.

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Ameriprise has mixed news amid financial turmoil

Ameriprise Financial Inc. announced Wednesday that its exposure to Lehman Brothers, Washington Mutual and other mortgage-backed securities is expected to result in a $200 million to $225 million after-tax, realized investment loss -- or less than 1 percent of the company's investments. The Minneapolis-based financial planning and insurance company also said operating earnings will be negatively affected...