NEW YORK, Oct. 23, 2003 (PRIMEZONE) The following is an investment opinion issued by Investrend Research Syndicate: Semotus Solutions (AMEX:DLK), has enrolled in the unique shareholder empowerment platform administered by Investrend Communications, Inc., a financial intelligence provider. Institutional Research coverage […]

Oct. 23–Shares of Federated Investors tumbled 13 percent yesterday after the Downtown money manager disclosed it apparently violated the same after-hours trading rules that have put the $7 trillionmutual fund industry into the cross hairs of regulators. Federated said a […]

Oct. 23–A proposal to give shareholders more say in nominating corporate directors is drawing a less-friendly reaction than might be expected from the investment community. The Securities and Exchange Commission recently proposed allowing large shareholders such as mutual funds to […]

GRAHAM Wylie, founder of software group Sage, did his fellow investors no favours by dumping 5pc of the entire share capital in a single placing through Deutsche Bank. Wylie, whose stake was once valued at more than 1bn, retired in […]

VALLEY FORGE, Pa. (AP) – The Vanguard Group, the country’s second-largest fund manager, Wednesday said it will disclose details about fund operating expenses in its 2003 shareholder reports. The nation’s No. 2 fund manager said it will include a table […]

NEW YORK–(BUSINESS WIRE)–Oct. 22, 2003–The Bank of New York announced today that it has been selected by AIG Global Investment Group, Inc. (AIGGIG) to provide global custody services forapproximately $90 billion of assets. “We are pleased that our suite of […]

New York, New York–(BUSINESS WIRE)–Oct. 22, 2003–Bear Stearns Capital Trust III, a special purpose trust controlled by The Bear Stearns Companies Inc. (NYSE: BSC), today announced its regularquarterly cash distribution on its outstanding shares of 7.8% Trust Issued Preferred Securities. […]

London blue chips closed marginally higher yesterday as another foray above the key resistance level of 4,370 failed to hold. The FTSE 100 closed 0.1 per cent higher at 4,352.3 with the mid- cap FTSE 250 0.2 per cent firmer […]

Wisconsin Firm Ademi & O’Reilly, LLP Announces the Filing of a Class Action Suit in the United States District Court for the Eastern District of Wisconsin Against Strong Financial CorporationDefendants and Canary on Behalf of Purchasers of the Securities of […]

Elan’s product pipeline looks more promising than ever and it is hopeful the US regulator’s investigation of its accounting practices will shortly come to a close, chairman Dr Garo Armen toldshareholders yesterday. Speaking at the company’s delayed annual general meeting […]

NEW YORK–(BUSINESS WIRE)–Oct. 22, 2003–WL Ross & Co. LLC announced today that creditors had voted overwhelmingly in favor of its purchase of Burlington Industries upon its reemergence fromChapter 11 reorganization now targeted for November 10, subject to prior Bankruptcy Court […]

SOUTH BURLINGTON, Vt.–(BUSINESS WIRE)–Oct. 22, 2003–The law firm of Johnson & Perkinson announces that it is filing a class action lawsuit on behalf of purchasers of the securities of theJanus Funds family of funds (the “Funds”) owned and operated by […]