NEW YORK (AP) — The dollar weakened against its major rivals Tuesday — sharply so against the British pound — after shrugging off another round of mildly positive U.S. economic data to once againhit new lows. The relentless dollar selling […]

SAN MATEO, Calif.–(BUSINESS WIRE)–Dec. 16, 2003– Unprecedented Growth and Success in Financial Services Leads to Over-Subscribed Funding Cogency Software, Inc. the leading provider of enterprise risk and performance management applications for financial services, today announced a $7.5M round of funding. […]

Consider the investment value of noise. The subject here isn’t sound. It’s market noise, the endless up and down of stock prices that signifies little but causes hopes to soar and crash. Most investors try to screen out noise, looking […]

“IF GOD had not meant for them to be sheared, he would not have made them sheep”, Robert Hiscox, a former deputy chairman of Lloyd’s of London, once said of the insurance market’s “Names”. He’s acard, that Mr Hiscox, and […]

AN INVESTOR in some of Scottish Widows’ investment funds has been engaging in the questionable trading practice known as market timing, according to industry sources. Pentagon Capital Management, a London-based hedge fund, allegedly engaged in the practice about a year […]

A market rally off the back of the capture of Saddam Hussein proved shortlived yesterday as late selling of tobacco and highly liquid telecoms stocks brought the market back to parity. The FTSE 100 closed just 0.4 points better at […]

Rabin, Murray & Frank LLP Commences Class Action on Behalf of Purchasers of PBHG Family of Funds Against Pilgrim Baxter & Associates, Ltd. — PBDEX, PBMCX, PBSVX, PBFOX. NEW YORK, Dec. 16, 2003 (PRIMEZONE) — A class action lawsuit has […]

Dec. 16–Italian food group Parmalat’s battle for survival could put its UK yogurt chilled desserts operations on the auction block. It has 5 percent of the UK yogurt market. Parmalat’s board held acrisis meeting in Milan last night. Founder and […]

xfdce NIGHTLY-BUSINESS-REPO-00 Show: NIGHTLY BUSINESS REPORT> Date: December 16, 2003> Time: 18:30:00> Tran: 121600cb.118> Type: SHOW> Head: Nightly Business Report> Sect: Business> Byline: Paul Kangas, Jeff Yastine> Guest: Phil Angelides, Edward Zander> Spec: Business; Economy> Time: 00:00:00> PAUL KANGAS, NIGHTLY […]

ARCHIE Norman, the former Asda boss, pictured above, has been hired by investment bank Lazards a senior adviser. Fraud crackdown THE City of London Police are trying to crack down on fraud by increasing the size of their Economic Crimes […]

NEW YORK–(BUSINESS WIRE)–Dec. 15, 2003–The Bear Stearns Companies Inc. (NYSE:BSC), today announced that it has called for redemption all of its outstanding Adjustable Rate Cumulative PreferredStock, Series A (NYSE: BSC PrA, CUSIP No. 073902207) (the “Series A Preferred Stock”), for […]

NEW YORK–(BUSINESS WIRE)–Dec. 15, 2003–The Bear Stearns Companies Inc. (NYSE:BSC), today announced that it has called for redemption all of its outstanding Adjustable Rate Cumulative PreferredStock, Series A (NYSE: BSC PrA, CUSIP No. 073902207) (the “Series A Preferred Stock”), for […]