TOKYO, Dec. 21 (Kyodo) — Combined market capitalization of the world’s nine major stock exchanges in the United States, Europe and Asia has totaled $23.5 trillion so far this year, up $5.5 trillionfrom a year ago, a major Japanese business […]

In some cases, it does not take much to spot signs of terminal corporate illness. Take Parmalat, the absurd Italian conglomerate. On November 11, after the Italian press had been thrown into a frenzyby news of a mysterious Caribbean investment […]

CABLE & WIRELESS had a stonking session yesterday and as the year draws to a close the telecom carrier is pretty much assured to end 2003 as the best blue-chip performer. Cable & Wirelessshares are up nearly 200 per cent […]

Word that a federal grand jury in Boston is looking into recent mutual fund scandals highlights the difficult question of just how deeply criminal prosecutors could or should be involved in a matterthat has traditionally been the purview of the […]

RREEF buys 5 Edgewater buildings EDGEWATER – Real estate investment adviser RREEF of San Francisco has purchased the five-building retail component of City Place from its developer, Edgewater Enterprises, for an undisclosed sum. The retail segment of the mixed-use development […]

Dec. 19–NEW YORK–The New York Stock Exchange yesterday named John Thain, a boyish-looking Goldman Sachs Group Inc. president known for his technology expertise, as its new chief executive officer. Thain, 48, said his primary goal was to restore investor confidence […]

LONDON–(BUSINESS WIRE)–Dec. 19, 2003–Prudential Asset Management in Asia, wholly owned by Prudential plc, has signed an exclusive sales and marketing agreement with International Asset Management(‘IAM’), one of the oldest and largest multi-managers in Europe, to provide fund of hedge funds […]

NEW YORK–(BUSINESS WIRE)–Dec. 19, 2003–Putnam Lovell NBF Securities Inc., a leading investment bank to the global financial services community, and Derivatives Portfolio Management, LLC (DPM), oneof the world’s largest independent fund administrators specializing in alternative investments including hedge funds, are […]

NEW YORK–(BUSINESS WIRE)–Dec. 19, 2003–Instinet Group Incorporated (Nasdaq: INGP) announced today that Natan Tiefenbrun, currently serving as co-head of Instinet, the Institutional Broker, will bepromoted to President of the International Division of Instinet. In addition, Mike Plunkett, also currently serving […]

MONTREAL (AP) – Air Canada is splitting a 90-plane order for new regional jet airliners between Montreal-based Bombardier and its Brazilian archrival, Embraer. Air Canada said Friday it has reached agreements in principle to buy 45 Bombardier regional jets and […]

Janus Capital Group Inc. said Friday it will pay back $31.5 million gained from previously-disclosed market timing in its mutual funds, the short-term trading arrangements that have led toinvestigations by state and federal regulators. Janus said it has not determined […]

NEW YORK–(BUSINESS WIRE)–Dec. 19, 2003–Putnam Lovell NBF Securities Inc., a leading investment bank to the global financial services community, and Derivatives Portfolio Management, LLC (DPM), oneof the world’s largest independent fund administrators specializing in alternative investments including hedge funds, are […]