Monthly Archives: November 2003
LEAD Euro soars to record high against dollar in London, NY+
NEW YORK, Nov. 28 (Kyodo) — (EDS: CHANGING DATELINE & UPDATING WITH N.Y. TRADING) The euro soared to an all-time high against the dollar on Friday in New York, temporarily climbing to $1.2013, in reaction to a similar trend in […]
Foreigners Turn Net Sellers of Japanese Stocks Last Week
Tokyo, Nov. 28 (Jiji Press)–Foreign investors turned net sellers of Japanese stocks last week for the first time in four weeks, according to data released by the Tokyo Stock Exchange Friday. Nonresidents’ net selling came to 5,446 million yen in […]
Telewest revamp racks up pounds 100m fees bill
Advisers and bankers to the debt-laden cable business, Telewest, will receive a pounds 100m bonanza in fees when bondholders take over the company in return for forgiving pounds 4bn of debt. Telewest yesterday applied to the American regulator, the securities […]
The new look FSA takes a swing at bear raiders
DODGY traders beware. The Financial Services Authority is finally showing signs of sharpening up its act. After years of criticism that the City watchdog failed to act swiftly enough to stamp out market abuse it was accused by angry MPs […]
Mystery stake buyer sends Man U to new heights
SHARES in Manchester United soared to a three-year high today after a mystery buyer landed a 4.5% stake in the Premiership club for 31.5 million. The acquisition of the stake, 11.88 million shares at 265p each, is the latest turn […]
US billionaire enters battle for control of Man U
THE BATTLE for control of Manchester United looks set to go to a shootout as US billionaire Malcolm Glazer issued a direct challenge to the club’s biggest shareholders, horseracing tycoons JohnMagnier and JP McManus. The market in United shares was […]
Venture Capital May Lure Pittsburgh Tech Firm PanGo to Boston
Nov. 27–Michael Campbell, the executive who last year took over struggling Downtown technology firm PanGo Networks, may move to Boston if he can close on a $4.3 million venture capital deal thatincludes $2 million from Boston-based IDG Ventures and $350,000 […]
Chronogen Inc. raises $17 million in Series B Financing Round
<body.content> <block> <p>MONTREAL, Nov. 26 /PRNewswire/ — Chronogen Inc., a drug discovery company developing therapeutics to treat highly prevalent age-dependent diseases, todayannounced an initial closing of $17 million (CAN) in an ongoing series B financing. This new round of financing […]
Federated Investors Provides Additional Information on Past Mutual Fund Trading Issues
<body.content> <block> <p>PITTSBURGH, Nov. 25 /PRNewswire-FirstCall/ — Today Federated Investors released the following letter from President and CEO J. ChristopherDonahue:</p> <p>On October 22, Federated Investors, Inc. <org idsrc=”dummy” value=”dummy”><alt-code idsrc=”NYSE” value=”FII”/></org> announced initial details regardingour internal review into mutual fund […]
Regulators Say Boston-Based Growth Fund Taken for More than $1 Million
Nov. 26–Boston-based MFS Investment Management’s Emerging Growth fund was one of six mutual funds each taken for more than $1 million in an illegal late-trading scheme involving former topexecutives of Security Trust Co. and a New Jersey hedge fund, government […]
Mahwah, N.J., Executive Surrenders in Fraud Case
Nov. 26–A Mahwah-based executive who boasted of business ties to a porn star surrendered Tuesday to FBI agents after being charged in a wide-ranging fraud investigation. Millennium Direct Inc.’s chief executive, George Balis, 56, was arraigned Tuesday in U.S. District […]
Federal Regulators Shut Down Phoenix-Based Security Trust in Trading Scandal
Nov. 26–Federal regulators yesterday carried out their first act of capital punishment as part of the widening mutual fund investigation, ordering the Security Trust Co. out of business. The tough action came as New York Attorney General Eliot Spitzer filed […]
