MONEY Online 30 .com Websites that sold for a lot of money

Rank Website Acquired By Price Acquisition Date
1 Aquantive Microsoft $6,333,000,000 13-Aug-2007
2 Broadcast Yahoo! $5,700,000,000 1-Apr-1999
3 Geocities Yahoo! $3,600,000,000 28-May-1999
4 Youtube Google $1,650,000,000 9-Oct-2006
5 Marketing Yahoo! Yahoo! $1,630,000,000 14-Jun-2003
6 Bebo AOL $850,000,000 13-Mar-2008
7 Tell Me Microsoft $800,000,000 14-Mar-2007
8 Club Penguin Disney $700,000,000 1-Aug-2007
9 Right Media Yahoo! $680,000,000 29-Apr-2007
10 Real Media 24/7 WPP $649,000,000 17-May-2007
11 Postini Google $625,000,000 16-Nov-2006
12 MySpace News Corp $580,000,000 18-Jul-2005
13 Adult Friend Finder Penthouse Media Group $500,000,000 11-Dec-2007
14 Mezi Media ValueClick $352,000,000 16-Jul-2007
15 Zimbra Yahoo! $350,000,000 17-Sep-2007
16 Business R.H. Donnelley $345,000,000 26-Jul-2007
17 Blue Lithium Yahoo! $300,000,000 4-Sep-2007
18 Audible Amazon $300,000,000 31-Jan-2008
19 Last FM CBS $280,000,000 30-May-2007
20 Tacoda AOL $275,000,000 24-Jul-2007
21 How Stuff Works Discovery $250,000,000 15-Oct-2007
22 Photo Bucket Fox Interactive $250,000,000 30-May-2007
23 Hitwise Experian $240,000,000 19-Apr-2007
24 Sidestep Kayak $200,000,000 20-Dec-2007
25 Fandango Comcast $200,000,000 11-Apr-2007
26 Web Dialogs IBM $161,000,000 22-Aug-2007
27 Havok Intel $110,000,000 14-Sep-2007
28 Ugo Hearst $100,000,000 24-Jul-2007
29 Feedburner Google $100,000,000 23-May-2007
30 iStock Photo Getty Images, Inc. $50,000,000 9-Feb-2006

MONEY® Market Round-up – August 8, 2012

The Toronto stock market ended near its highs of the day as commodities drove the market ahead.

The S&P/TSX composite index closed up 201 points to 11,864, with every sector posting gains.

Much of the activity came from metals and mining stocks.

Copper ended higher, while the December gold contract dropped $3.40 an ounce.

The energy sector also got a boost as crude prices hit their highest level in two months.

September crude on the Nymex rose $1.47 to US$93.67 a barrel.

And an acquisition in the financials came with C-I-B-C acquiring the private wealth management business of M-F-S McLean Budden.

On Wall Street, traders found a renewed sense of optimism about the economy, with better earnings results than expected from several U-S companies.

And U-S employers posted the most job openings in four years — a positive sign that hiring may pick up.

The Dow increased 51 points to 13,169.

Nasdaq gained 26 points at 3,016.

The loonie ended the day above parity, up 44-one-hundredths of a cent to 100.25 cents US.

MONEY® Market Round-up

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Back Office

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Back Office Canada

Growth in the mutual fund industry has slowed down substantially, and for dealers to succeed in the highly competitive industry, they must focus on improving their technology, back office and financial planning support offerings, a recent study suggests.

Chuck Grace, a lecturer at the Richard Ivey School of Business and a management consultant with Fusion Consulting, presented results on Monday of a recent study by Fusion Consulting, a firm that focuses on investment fund distribution in Canada.

The study, completed in June, surveyed 12 mutual fund dealers and 20,000 advisors, covering 70% of the assets governed by the Mutual Fund Dealers Association of Canada.

It found that advisors were largely satisfied with their dealers’ offerings in the areas of products, support, compensation, compliance and stability. These are all critically important offerings, most of which are correlated with asset growth and distribution network growth, and firms must continue to keep advisors satisfied in these areas to survive in the industry, according to Grace.

“You’ve just got to have it to keep up,” he said, speaking at the Univeris 2010 Summit in Toronto.

The advisors surveyed were less impressed with their dealers’ technology, front office and back office offerings.

“Technology, back office and front office appear to be the weak part of the equation,” Grace said. “The advisors are saying they’re not getting all the value they need from those three areas.”

On the front office side, he said advisors are particularly unimpressed with financial planning support from their dealers.  “No one’s doing a great job on financial planning,” he said. “No one’s delivering a lot of value or executing, and you’re all doing it the same way.”

He noted that many dealers leave the financial planning process up to advisors, in an effort to provide each advisor with flexibility in their approach. But advisors are now asking for more support.

This is one area where dealers should innovate to set themselves apart, according to Grace. “There’s an opportunity to differentiate your practice, your dealership and your advisors in the marketplace.”

Fund industry slows down

Differentiation in the industry has become critical as growth as slowed down. Fusion’s study found that mutual fund dealers experienced very little growth in net sales, distribution network growth and market share growth in the 12 months ending June 30th.

“Top line growth has stalled, and I don’t see it changing,” Grace said. “I don’t see double-digit top-line growth in your futures – not within the existing mutual fund dealership model.”

He said investment returns will decline in the years ahead, which will limit asset growth for the industry.

“Assets are going to be pretty flat by the standards that some of us grew up with in the 80s and 90s.”

Growth in the industry’s distribution network has also slowed down. And with many advisors preparing to retire in the next few years, the distribution base could begin to shrink.

Grace pointed out that the only dealers that experienced growth in their advisor networks in the past year were firms that hire rookie advisors.

“If you’re looking to grow your firm on the backs of seasoned veterans, I can’t find any evidence that it’s working,” he said.

In order for dealers to grow in this challenging environment, Grace said they should look beyond mutual funds to stocks, exchange traded funds, insurance and other products.

“If you want to grow your top line, you’re going to have to get out from underneath mutual funds,” he said. “If you don’t have access to it all, you’ve handcuffed yourself to a 2% industry. You’ve got to get beyond that if you want to see some double-digit change in your business.”

Megan Harman

Investment MarketPlace

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Bonus MONEY – Top Employee’s and CFO’s get it

MONEY MATTERS – Bonuses Reign as Top Employee Reward, CFOs Say body { margin-left: 3px; }

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MONEY MATTERS – Bonuses Reign as Top Employee Reward, CFOs Say

TORONTO, March 2 /CNW/ – Despite lean budgets for many businesses today, most financial executives say cash is king in recognizing their teams’ hard work. Thirty-four per cent of chief financial officers (CFOs) interviewed for the Accountemps survey cited bonuses as the most effective way to acknowledge a job well done. Another 28 per cent of CFOs, however, indicated that they do not reward employees after major projects.

The survey was developed by Accountemps, the world’s first and largest specialized staffing service for temporary accounting, finance and bookkeeping professionals. It was conducted by an independent research firm and includes responses from more than 270 CFOs from a stratified random sample of Canadian companies with more than 20 employees.

CFOs were asked, “Which of the following do you feel is most effective in rewarding your accounting team after major projects?” Their responses:

    Bonus  ..................................................       34%
    Time off  ...............................................       15%
    Departmental lunch or social gathering  .................       11%
    Tickets to sporting or entertainment events  ............        8%
    Do not reward  ..........................................       28%
    Don't know/no answer  ...................................        3%
    ((*) Survey does not equal 100 due to rounding)

“Offering bonuses for a job well done can be an effective way to motivate and retain employees,” said Kathryn Bolt, president of Accountemps’ Canadian operations. “For those workers taxed with additional responsibilities as a result of staff cutbacks, offering recognition demonstrates that their contributions are valued.”

Bolt acknowledged that bonuses may not be feasible for some firms. “While some companies may be challenged in offering compensation-based rewards, investing in budget-friendly recognition programs will help motivate staff and protect companies from the threat of employees leaving as the economy improves.”

About the Survey

The Canadian study was developed by Accountemps, a division of Robert Half International and the world’s first and largest specialized staffing service for temporary accounting, finance and bookkeeping professionals. It was conducted by an independent research firm and is based on more than 270 telephone interviews with CFOs from a random sample of Canadian companies with 20 or more employees.

About Accountemps

Accountemps has more than 360 offices worldwide and offers online job search services at Follow Accountemps for workplace news at

For further information: Kristie Perrotte, (416) 350-2330,

Chrysler Canada: Biggest Winner in Cash for Clunkers

Chrysler Canada Announces Cash for Clunkers and Official Partnership with Retire Your Ride Program

    -   Most aggressive scrappage incentive in Canada
    -   First automaker to partner with government's Retire Your Ride
    -   Up to $1,800 in discounts including $300 Retire Your Ride reward
    -   All new 2009 and 2010 Chrysler Canada vehicles are eligible
    -   Program is on top of current Chrysler Canada "We Build Champions"

    WINDSOR, ON, Aug. 21 /CNW/ - Chrysler Canada today announced the most
aggressive cash for clunkers in the Canadian industry. The current federal
program is being turbo-charged, with Chrysler Canada kicking in $500 to $1,500
over the incentives offered by Retire Your Ride.
    "This is the responsible thing to do," said Reid Bigland, President and
CEO, Chrysler Canada. "Facilitating the removal of these vehicles from the
road is the right move for our country, our health, and our environment. In
many instances the turned-in vehicles release 19 times more smog than a
current model year vehicle. As a result, Chrysler Canada is proud to offer the
most aggressive scrappage incentive in the Canadian industry, and we are
pleased to be the first official Retire Your Ride automotive partner."
    Consistent with the federal government's program, qualifying customers
must be owners of a 1995 or older model year vehicle that is in running
condition and has been registered and insured in Canada for the previous
consecutive six or twelve months, depending on the province.
    To date, 13,000 Canadians have done the right thing and turned in their
old vehicle under the Retire Your Ride program. Chrysler Canada salutes these
individuals, and encourages them to visit any of our 440 Chrysler, Jeep(R), or
Dodge dealerships and receive an additional $500 to $1,500 in savings towards
their purchase. Full program details are available at:
    "The best part of this program is that it gets old vehicles off Canadian
roads, and then Canadians can use this incentive towards the purchase of any
new Chrysler, Jeep, or Dodge product," said Dave Buckingham, Vice President of
Sales, Chrysler Canada. "There are no product exclusions, and customers can
select the vehicle that best suits their needs and lifestyle."
    Chrysler Canada's cash for clunkers is in addition to its current "We
Build Champions" program, which combines strong cash discounts with purchase
financing from zero per cent, resulting in exceptional offers on the company's
award-winning, fuel-efficient vehicles.
    For example, by combining Chrysler Canada's incentive offerings with the
government's Retire Your Ride reward, customers can get into Canada's most
fuel-efficient SUV - the 2009 Jeep Patriot - for only $14,795.
    "Everyone wins - the environment, the economy and Canadians, who don't
have to get 'smoked out' driving behind one of these junkers ever again,"
Bigland concluded.
    The partnership with Retire Your Ride is a further example of Chrysler
Canada's strong commitment to the environment, energy consumption, alternative
fuels and the development of fuel-efficient technologies.
    "Every day, over one hundred Canadians are participating in Retire Your
Ride, preventing tonnes of smog-forming emissions and doing their part to
protect the Canadian environment," said Fatima Dharsee, Executive Director of
the Clean Air Foundation which administers the Federal Retire Your Ride
program. "To have Chrysler Canada join Retire Your Ride as a new reward
partner means being able to offer Canadians one more reason to move toward a
cleaner transportation alternative."
    Chrysler Canada offers 17 vehicles achieving 30 mpg (9.4 litre/100 km)
highway fuel economy or better, and six vehicles achieving 40 mpg (7.0
litre/100 km) highway fuel economy or better. In 2009, 73 per cent of the
company's vehicles offer improved fuel economy compared with the corresponding
2008 models. Chrysler Canada's new cash for clunkers brings the country and
the company one step closer to achieving our goal of a cleaner, brighter

    Retire Your Ride is a national program designed and dedicated to
efficiently retiring 1995 model year or older vehicles in an environmentally
responsible manner, in an effort to improve air quality and encourage the use
of sustainable transportation. For any media inquiries related to Clean Air
Foundation or Retire Your Ride please contact Stephanie Nadalin, Optimum Media
Relations 416-306-6561.

    Additional information and news from Chrysler is available at

For further information: Mary Gauthier, (519) 973-2253 (office), (519)
984-1396 (cell),