SO, FAREWELL soon, 2003. And a fond farewell it will be, too. After three years of misery for equity investors, the 15 per cent rebound in the UK stock market this year has been especially sweet, andthe performance tables of […]

Janus Capital Group said Friday it will pay $31.5 million to make up for previously disclosed market-timing arrangements in its mutual funds. It has not been determined whether the money will go tothe seven funds affected by the market timing […]

Dec. 22–A year ago, the economy was in the doldrums. No one wanted to look at stocks, and if they did, they only saw the worst. When I talked up auto retailers and home builders, people asked, “what if there’s […]

HOUSTON–(BUSINESS WIRE)–Dec. 22, 2003–As former mutual fund company CEOs and Chairmen of the Investment Company Institute, the industry’s trade association, we are appalled by the recent scandals,involving a number of fund groups, which have stained the entire industry. For over […]

NEW YORK–(BUSINESS WIRE)–Dec. 22, 2003–Citigroup (NYSE:C) today closed its previously announced acquisition of Forum Financial Group. About Citigroup Citigroup (NYSE: C), the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, provides consumers, […]

GLASTONBURY, Conn.–(BUSINESS WIRE)–Dec. 22, 2003–Open Solutions Inc.(R) (NASDAQ: OPEN) a provider of enabling technology for community banks and credit unions including outsourced item capture andcheck imaging technology, announced an expansion of its strategic alliance with BISYS(R), a leading provider of […]

NEW YORK–(BUSINESS WIRE)–Dec. 22, 2003–Janus Capital, one of the first mutual fund companies to be implicated in the mushrooming market-timing scandals, recently issued the results of its internalinvestigation and voluntarily paid $31.5 million to customers in an aggressive attempt at […]

BOSTON–(BUSINESS WIRE)–Dec. 22, 2003–During the month of November, the management teams of Evergreen Managed Income Fund and Evergreen Income Advantage Fund engaged in several transactionsdesigned in an attempt to potentially offer investors some protection against the impact of rising interest […]

Class-action suits piling up against Strong funds Payoff may be small, but some investors think cases could force accountability By PAUL GORES [email protected], Journal Sentinel Monday, December 22, 2003 Peter Kugi isn’t expecting a big financial payoff in his class- […]

GUEST OPINION Barron’s article knocks the rust off state manufacturing outlook By STEPHEN HEINS Monday, December 22, 2003 In an interview, Jeff Gendell, a hedge-fund manager for the $1 billion Tontine Associates, states that the U.S. is about to enter […]

Old Mutual, the South African insurance and banking group listed in London, is about to issue a heavy profits warning in a move that will inevitably revive worries about the fragility of the entirefinancial services sector. The news is likely […]

CALGARY, Alberta–(BUSINESS WIRE)–Dec. 22, 2003–Assure Energy, Inc. (“Assure” or the “Company”) (OTCBB:ASUR-News; Frankfurt WKN: 357954, ASL) is pleased to announce that effective December 5, 2003it completed a $5.166 million equity financing by issuing 1,435,000 units at $3.60 per unit. Each […]