| Financial sector is key to Canada's future
Those tall skyscrapers at the corner of King and Bay in downtown Toronto are an important symbol of Canada's economy, a place where billions of dollars of savings are daily converted into mortgages, business loans, corporate bonds, shares in companies, venture capital for start-up companies and big infrastructure projects. This is one of Canada's most important industries. It embraces banks, insurance companies and trust companies, but also pension fund management, investment bankers, stockbrokers, mutual fund companies, venture capitalists, private equity groups, foreign exchange and commercial paper traders and the Toronto Stock Exchange. Yet while we worry a lot about the future of industries such as auto and auto parts, we don't often think of financial services as an industry that also has its own competitiveness issues.
Kovel/Fuller Advertising Expands Creative and Account Service ...
CULVER CITY, Calif.--(BUSINESS WIRE)--Kovel/Fuller, one of Southern California's most respected, independently-owned advertising agencies, today announced that two of its industry's rising stars, Todd Stephany and Maggie Turner have joined the agency as it rapidly expands the scope of Integrated and Direct work done on behalf of their clients. Todd Stephany joins Kovel/Fuller as Senior Copywriter from G2 (formerly Grey Direct) where he acted as Copy Supervisor working on Washington Mutual, the Auto Club (AAA) and Princess Cruises. Also joining the agency as Account Supervisor is Maggie Turner. Maggie worked at G2 as well where she managed the Auto Club of Southern California (AAA). "Both Maggie and Todd bring an added integrated and response-based mind-set and expertise to our Agency," said John Fuller, Partner and President.
Camping World Collision Centers Become Part of Nationwide ...
BOWLING GREEN, Ky.--(BUSINESS WIRE)--Camping World, America's largest retailer of RV supply and outdoor accessories and recreational vehicle sales, today announced that it has been selected as a Nationwide Insurance Blue Ribbon collision center. This is a historic arrangement in that no other repair network has direct repair status (DRP) commonly found in the automobile collision repair industry. Nationwide is one of the largest insurance and financial services companies in the world and kicked off their new Recreational Vehicle insurance program this year. The program with Camping World, which began June 25, will be available at the following Camping World Collision Centers: Sirpilla RV in Akron, OH Camping World Collision Center in Belleville, MI Holiday Kamper in Colfax, NC Holiday Kamper in Statesville, NC Dusty's Camper World in Bartow, FL Camping World in Kissimmee, FL The Blue Ribbon Claims Service is a great advantage to RVer's making claims for repairs as the process will now be fast and hassle free with focused, efficient and excellent service provided to Nationwide and Camping World customers.
InsWeb Reports Second Consecutive Quarter of Profitability
Revenues for the second quarter of 2007 were $8.1 million, compared to $7.5 million in the second quarter of 2006 and $8.1 million in the first quarter of 2007. Net income for the second quarter of 2007 was $214,000, or $0.05 per share, compared to net income in the second quarter of 2006 of $247,000, or $0.06 per share, and $402,000, or $0.10 per share, in the first quarter of 2007. Adjusted EBIDA, a non-GAAP financial measure used by InsWeb's management and defined below, was $715,000 in the second quarter of 2007, compared to $688,000 in the first quarter of 2007. InsWeb Chairman & CEO Hussein Enan stated, "Achieving our second consecutive quarter of profit further demonstrates the ongoing viability of our lead-referral based business model. With our scalable technology infrastructure in place, we are now focused on generating additional top-line revenue while continuing to improve our operating margin.
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