SAN MATEO — A Peninsula lawfirm has filed a class-action lawsuit against Franklin Resources and a number of its entities on behalf of holders of Franklin mutual funds. San Mateo-based Franklin, the nation’s fourth-largest mutual fund company, is being investigated […]

WEST PALM BEACH, FL (HEDGECO.NET) – Many Japanese currency investors are selling the dollar, and buying the yen, as currency market analysts think the dollar would continue to fall in the comingmonths. JP Morgan is predicting that the dollar could […]

WEST PALM BEACH, FL (HEDGECO.NET) – The Chairman of the Federal Reserve Board, Alan Greenspan told a House Committee on Financial Services that the US economy is poised for vigorous growth. Theeconomy turned the corner last year, and has now […]

THE RUSSIANS are coming. On Tuesday, City dealing rooms were awash with talk that Russian businessman Alisher Usmanov was looking to put together a bid for steel maker Corus, where he is already thesecond biggest shareholder. Yesterday, Sportingbet was in […]

COMPANIES WITH strong pension funds will have to pay the same levy into a pension protection scheme as those with weak funds, today’s Pensions Bill will reveal, as reported in The Independent onMonday. The Government will eventually introduce risk-based premiums, […]

Feb. 12–The state banking commissioner has charged a Greenwich hedge fund firm and its partners with defrauding customers. Commissioner John P. Burke accused Criterion Investment Capital LP and its partners of violating a section of the Connecticut Uniform Securities Act, […]

MINISTERS moved to reassure business today over the cost of a fund to protect 10 million workers from the risk of losing their pensions. Work and Pensions Secretary Andrew Smith said payments into the fund would be “risk-related” so that […]

THE Government today announced a new pensions safety net system to ensure people do not lose out if their company and its pension fund go bust. The move was hailed as a “big step forward” by the Cabinet minister responsible, […]

Strong expected to settle soon CEO Wessels also says talks with buyers might wrap up ‘quite shortly’ By DAVE UMHOEFER AND KATHLEEN GALLAGHER [email protected] Thursday, February 12, 2004 Strong Financial Corp.’s new leader said Wednesday he believed the firm would […]

Federal regulators Wednesday ordered new mutual fund reforms and proposed a ban on hidden brokerage commissions. The Securities and Exchange Commission held the fourth in a series of open meetings on investor protection initiatives in response to the ongoing fund […]

xfdws TRANSFORMATION sked Emerging Markets DatafileFebruary 12, 2004 XINHUA CHINA ENGLISH Transformation for banking, securities industries in 2004: Deloitte, XINHUA ASIA WorldSources, Inc. 322 MASSACHUSETTS AVENUE 2ND FLOOR, NE WASHINGTON, DC 20002 COPYRIGHT 2003 BY WORLDSOURCES, INC., A JOINT VENTURE […]

When Gabelli Asset Management issued its earnings release on January 29, 2004, we pointed out that we would re-open our Gabelli ABC Fund on March 1, 2004. Since we received a number of inquiriesrelated to this announcement, we thought it […]