Monthly Archives: November 2003
Tokyo Stocks Tumble in Morning, Nikkei below 10,000
Tokyo, Nov. 17 (Jiji Press)–Stocks skidded lower almost across the board on the Tokyo Stock Exchange Monday morning, with the key Nikkei average falling below the psychologically important 10,000line to hit the lowest level in more than three months. After […]
Nikkei Tumbles below 10,000 on Heavy Selling
Tokyo, Nov. 17 (Jiji Press)–Stocks plunged across the board on the Tokyo Stock Exchange Monday, with the key Nikkei average falling below the psychologically important 10,000 line to close at thelowest level in more than three months. Renewed concern over […]
Individual Investors’ Selling Pulls Down Nikkei Average below 10,000
By Yuka Yamamori Tokyo, Nov. 17 (Jiji Press)–The key Nikkei average plunged below the psychologically important 10,000 line Monday, as individual investors turned to sell in view of a halt in buying by foreign players amid renewed worries over the […]
Threadneedle Selects Eagle To Underpin Investment Information Services Initiative
BOSTON and LONDON–(BUSINESS WIRE)–Nov. 17, 2003–Eagle Investment Systems Corp. today announced that Threadneedle Asset Management Limited, the third largest investment fund manager in the UK withGBP50 billion ($81 billion) assets under management, has selected Eagle to support its new Investment […]
Russia’s illness isn’t spreading to its neighbors AROUND THE MARKETS
Apparently, it’s not contagious. In a contrast with 1998, when a financial crisis in Russia spread symptoms through other developing economies, the arrest of Mikhail Khodorkovsky, the head of the oilcompany Yukos, seems to have been quarantined fairly effectively. While […]
Mutual Fund Execs Who Quit Getting $69M
PHILADELPHIA (AP) – The founders of Pilgrim Baxter & Associates, Gary L. Pilgrim and Harold J. Baxter, will be paid about $69 million by their fund family’s parent company, despite theirresignations in the midst of the sweeping national probe of […]
Market mover: Gold
Is this a modern-day gold rush? The price of bullion jumped to its highest level since March 1996 last week as speculators continued to chase commodities. Gold has been a good performer this year,rising from $351 per troy oz in […]
Spreading educational tax break a fine idea
Avrum D. Lank Spreading educational tax break a fine idea By AVRUM D. LANK of the Journal Sentinel staff Sunday, November 16, 2003 Support is building in Madison for a simple idea — extending the state tax advantage of Wisconsin’s […]
Leader of fund used market timing to bleed away millions in profits
NEWS ANALYSIS Leader of fund used market timing to bleed away millions in profits By FLOYD NORRIS New York Times Sunday, November 16, 2003 Who would have thought that Gary L. Pilgrim would seek to profit at the expense of […]
Examination of Charles Schwab Trades Reveals After-Hours Activities
Nov. 15–Charles Schwab, which has built a reputation as the little investor’s friend, revealed yesterday that it’s investigating mutual-fund trades that favored a select few. The discount brokerage said there’s been after-hours trading in mutual funds it sells, which is […]
Personal Finance: Poor super wealthy struggling for cash ; Rich pickings: Market grows in freeing up assets for high net worth individuals
If last week’s rise in interest rates is making you worry about your finances, spare a thought for the poor super-rich. It seems that despite sitting on wealth that most people can only dream about, some are in fact finding […]
Pilgrim Baxter founders who resigned to get $69 million
PHILADELPHIA (AP) — The founders of Pilgrim Baxter & Associates, Gary L. Pilgrim and Harold J. Baxter, will be paid about $69 million by their fund family’s parent company, despite theirresignations in the midst of the sweeping national probe of […]