Monthly Archives: September 2003
Hedge Fund to Pay $40 Million Settlement in Alleged Illegal Trading Scheme
Sep. 4–A private hedge fund said yesterday it agreed to pay $40 million as part of a government settlement involving alleged illegal trading schemes, the first step in what state Attorney GeneralEliot Spitzer promised would be a crackdown on “widespread” […]
New York Attorney General Alleges Mutual Funds Allowed Fraudulent Trades
Sep. 4–State Attorney General Eliot Spitzer accused several investment banks and mutual funds of engaging in fraudulent after-hours tradings that cost small investors billions of dollars. Spitzer said Bank of America, Bank One, Janus Funds and others allowed Edward Stern […]
Savings Bonds Vs. Five-Year Treasury Ladders
Q: Which would be better: purchasing EE Savings Bonds, or creating a five-year Treasury ladder? I will be purchasing either one from an account that isn’t tax-deferred, using Treasury Direct(www.treasurydirect.gov). My understanding is that I can get EE Bonds that […]
Gramercy Advisors Names Marilyn Fee White Managing Director of Client Services and New Business Development
<body.content> <block> <p>NEW YORK, Sept. 4 /PRNewswire/ — Gramercy Advisors LLC, an event-driven distressed debt hedge fund manager based in Greenwich, CT, announced today thatMarilyn Fee White has joined the firm as Managing Director of Client Services and New Business […]
Thursday, Sept. 4 2003
————– EDITORS: ————– The World Graphics Update will move Monday through Friday at 1015 GMT, 1400 GMT and 0100 GMT. Only one update will move Saturday and Sunday at 20:00 GMT. Editorial questions, posting requests for graphics less than two […]
Applimation Secures Additional $5M in Series B Funding
<body.content> <block> <p>NEW YORK, Sept. 4 /PRNewswire/ — Applimation, Inc., a leading provider of application management software, today announced closing an additional $5million in Series B financing. This round of funding, led by JMI Equity Fund with additional funding from […]
Funding to stimulate growth of technopreneurs
UMNO Youth expects to generate about 300 successful applicants among its members under the Cradle Investment Programme (CIP), a funding managed by Malaysia Venture Capital Management Berhad (Mavcap)to stimulate growth of technopreneurs and generation of ideas in information and communications […]
Nightly Business Report
xfdce NIGHTLY-BUSINESS-REPO-00 Show: NIGHTLY BUSINESS REPORT> Date: September 3, 2003> Time: 18:30:00> Tran: 090300cb.118> Type: SHOW> Head: Nightly Business Report> Sect: Business> Byline: Paul Kangas, Susie Gharib> Guest: Kevin McCormally> Spec: Business; Economy> Time: 00:00:00> PAUL KANGAS, NIGHTLY BUSINESS REPORT […]
Stock Market History Suggests Strong Summer Means Difficult Fall for Investors
Sep. 3–The stock market’s strong showing this summer could portend a stormy September and October for investors. For stock investors, September has historically proved the year’s most difficult month — even worse than October, which is famous for big crashes. […]
Detroit Free Press Susan Tompor Column
Sep. 3–Esperion Therapeutics Inc., an Ann Arbor-based company that’s hoping to roll out some blockbuster treatments for heart disease, finds itself in one of the oddest binds around. An extra-large shareholder will likely need to unload a chunk of Esperion […]
Lloyds TSB down after Merrill knocks new chief’s strategy
SHARES IN the banking giant Lloyds TSB were in retreat yesterday after a rather downbeat assessment of the group’s prospects by Merrill Lynch. In a review of the sector Merrill downgraded Lloyds to”neutral” from “buy”. The US broker came across […]
THE INVESTMENT COLUMN: Dobson puts Schroders back on profitable track
MICHAEL DOBSON yesterday put in another pukka performance unravelling Schroders, the fund management business that was not so long ago a the basket case. Indeed, it looks as if the patrician chief executive, who was lured to the company in […]