Monthly Archives: January 2004

Embattled mutual fund giant Putnam Investments volunteered Tuesday to cut the fees it charges investors, as New York Attorney General Eliot Spitzer defended his attempts to extract fee reductionsfrom fund companies. In testimony before a Senate subcommittee, Spitzer said that […]

FOR THE past two months, Britain’s 25 largest fund managers have been dreading a knock on the front door. The Financial Services Authority, in many cases giving little more than 24 hours’ notice, hasbeen carrying out what have been described […]

What is market timing? Market timing is a form of arbitrage based on the fact that funds can be invested in equities listed on stock markets with different time zones. Unit trusts are priced at 12 noon, and any investor […]

SAN DIEGO, Jan. 28, 2004 (PRIMEZONE) — Sagient Research Systems (OTCBB:PCSR), a publisher of independent research for the financial services and institutional investment communities, today announcedthat its President & CEO, Brian M. Overstreet, has been interviewed on CEOCast. In the […]

STOCKHOLM, Sweden, Jan. 28, 2004 (PRIMEZONE) — Invik & Co. AB today announced that Aktie-Ansvar, one of Invik’s subsidiaries, has been awarded the newspaper Privata Affarer’s prize forSweden’s best hedge fund for the year of 2003. The awarded fund, “Graal”, […]

Sony Corp.’s earnings plunged 26 percent for the latest quarter as expenses for job cuts and other restructuring costs and lower profits from its electronics, moviemaking and video games businessoffset profit improvement in its music business. But the Japanese electronics […]

Tokyo, Jan. 27 (Jiji Press)–Stocks erased their earlier gains to finish moderately lower on the Tokyo Stock Exchange Tuesday, as investors moved to reap profits for now amid a growing wait-and-seemood ahead of a series of earnings reports by major […]

TOKYO (AP) _ Hideki Matsui gave Prime Minister Junichiro Koizumi a Yankees warmup jacket and an autographed bat after accepting the Japan Professional Sports Award. “He has the heart of a sportsman and the jacket looks pretty good on him,” […]

xfdce NIGHTLY-BUSINESS-REPO-00 Show: NIGHTLY BUSINESS REPORT> Date: January 27, 2004> Time: 18:30:00> Tran: 012700cb.118> Type: SHOW> Head: Nightly Business Report> Sect: Business> Byline: Paul Kangas, Susie Gharib> Guest: Charles Gabriel, Lionel Barber> Spec: Business; Economy> Time: 00:00:00> PAUL KANGAS, NIGHTLY […]

Jan. 26–Most of the senior stock-pickers escorted out of Morgan Stanley’s office in what their one-time boss called a display of “corporate hard-heartedness” last October have already found work inPhiladelphia’s healthy investment sector. No fewer than five veterans of what […]

Jan. 26–Would you take flying lessons from someone who had never been in a plane? How about medical advice from someone who had never seen a patient? This may seem ridiculous, but you are now receiving advice on stocks from […]

Nasdaq Stock Market Inc. has been ordered to pay more than $6,000 to two independent traders who complained of losses resulting from Nasdaq’s handling of erratic trading in Corinthian Colleges Inc. The New York traders were each awarded a $3,000 […]