Monthly Archives: November 2003

The iBoxx.CDX Consortium Adds U.S. High Yield Credit Default Swap Index

NEW YORK–(BUSINESS WIRE)–Nov. 13, 2003–Building on the success of its 125-name investment-grade credit default swap index, iBoxx CDX.NA.IG, the iBoxx CDX consortium of eleven leading globaldealers today announced the launch of “iBoxx CDX.NA.HY”, a 100-name tradable index of credit default […]

High-Tech Companies’ Stocks Average Nearly 8 Percent Increase After AeA Classic Financial Conference; During Same Time Period S&P 500 Was Flat

SANTA CLARA, Calif.–(BUSINESS WIRE)–Nov. 13, 2003–High-tech companies attending the AeA Classic Financial Conference last week saw their stock prices rise an average of 8 percent as executives metwith investors November 2-5 at the 33rd annual AeA Classic held in San […]

FIND/SVP Reports Best Quarterly Operating Performance in Nearly Five Years

NEW YORK–(BUSINESS WIRE)–Nov. 13, 2003–FIND/SVP, Inc. (OTCBB:FSVP) THIRD QUARTER HIGHLIGHTS — Reports Six-fold Increase in Operating Income, a Five-fold increase in Net Income, and a 76% Increase in Revenues for the Quarter — Adjusted EBITDA* for Quarter Exceeds All of […]

North Carolina Treasurer Orders Review of Pension Business with Alliance

Nov. 13–N.C. Treasurer Richard Moore has ordered a review of the state pension plan’s business with Alliance Capital Management, which faces allegations of improper mutual fund trading. Moore has asked his chief investment adviser to look at whether probes by […]

North Carolina Treasurer May Cancel Contracts with Alliance Capital

Nov. 13–RALEIGH, N.C.–State Treasurer Richard H. Moore said he may cancel the state’s contracts with Alliance Capital, which is being investigated by state and federal regulators for possibleimproper trading. Alliance, the nation’s largest publicly traded money manager, oversees $6.43 billion […]

Daily Mail, London, Alex Brummer Column

Nov. 13–When we think of pensions policy we tend to visualise dull actuaries in grey suits and bottle glasses poring over columns of figures. These are people who are very good with numbers, butclueless when it came to spotting the […]

Outlook: Corus rights

THE STEELMAKER Corus has trampled on the pre-emption rights of its shareholders with yesterday’s hybrid share placing-cum-rights issue. But it is the hedge funds, who have been frantically sellingthe stock short in the past few months in the hope of […]

Alliance Capital fires 2 executives over funds

Alliance Capital Management has requested the resignations of two senior executives because they failed to prevent improper trading in its mutual funds. The two executives John Carifa, president and chief operating officer of Alliance, and Michael Laughlin, chairman of its […]

NASD Asks Janus for Info in Trading Probe

DENVER (AP) – Janus Capital Group Inc., already under scrutiny by state and federal regulators for improper mutual fund trading, said Wednesday it also has been asked to submit information to theNational Association of Securities Dealers as part of a […]

First Traders to Enhance Electronic Delivery of Options Trading Software with Move to Equinix Chicago Data Center

FOSTER CITY, Calif.–(BUSINESS WIRE)–Nov. 12, 2003– Aggregation of Financial Services and Networking Companies in Chicago Internet Hub Enable Streamlined and Cost-Effective Connectivity Equinix, Inc. (Nasdaq:EQIX), the leading provider of network-neutral data centers and Internet exchange services, today announced that First […]

Securities dealers group seeks information from Janus in improper

DENVER (AP) — Janus Capital Group Inc., already under scrutiny by state and federal regulators for improper mutual fund trading, said Wednesday it also has been asked to submit information to theNational Association of Securities Dealers as part of a […]

Nikkei Ends Modestly Higher Backed by Telecoms

Tokyo, Nov. 12 (Jiji Press)–The key Nikkei average ended a tad higher on the Tokyo Stock Exchange Wednesday supported by brisk purchases of telecom issues, but the broad market showed a mixedperformance. The benchmark Nikkei average rebounded in the morning […]