Category Archives: HedgeCo News

Tokyo Stocks Stretch Gains in Morning

Tokyo, Sept. 19 (Jiji Press)–Stocks stretched gains on the Tokyo Stock Exchange Friday morning, supported by continued active buying of such issues as banks amid an ongoing global fund inflow intothe Japanese market. “Abundant funds flowing into Japan have nowhere […]

Asahi Glass Sold on TSE on Rumor, Nippon Electric Glass Up

Tokyo, Sept. 19 (Jiji Press)–Asahi Glass Co. shares met with selling on the Tokyo Stock Exchange Friday morning on a rumor that a defect has been found in the company’s production line for glasssubstrates for liquid crystal displays. At its […]

Asahi Glass Sold on TSE on Rumor, Nippon Electric Glass Up

Tokyo, Sept. 19 (Jiji Press)–Asahi Glass Co. shares met with selling on the Tokyo Stock Exchange Friday morning on a rumor that a defect has been found in the company’s production line for glasssubstrates for liquid crystal displays. At its […]

Liberty bond issue sends rumour mill into overdrive ; SHARES AND MARKET REPORT

NEWS THAT Liberty International had launched a pounds 240m convertible bond yesterday immediately set tongues wagging in the City on the issue of what the property group is going to do with the cashits raises. Although Liberty, whose shares ended […]

Greenwich, Conn., Business Provides Personalized Items for Large Corporations

Sep. 18–Hidden on the top floor of a historic Greenwich office building, a business owned by two brothers is making friends with some of the largest corporations in the nation. Listed on the National Historical Register, The Maher Building at […]

Bear Stearns Reports Third Quarter 2003 Earnings of $2.30 Per Share, Up 87.0% from Third Quarter 2002

NEW YORK–(BUSINESS WIRE)–Sept. 18, 2003– <pre><br> Net Income up 90.6% to $313.4 Million, Nearly Doubling from $164.4<br> Million in Third Quarter 2002<br><br>Pre-Tax Profit Margin Hits 32.5%<br><br> Quarterly ROE 21.3% : Trailing 12-Month ROE 19.0%<br></pre> The Bear Stearns Companies Inc. (NYSE:BSC) […]

Spitzer targets broker Criminal charges in mutual fund case

A former broker at Bank of America has been charged with larceny and securities fraud, accused of helping a hedge fund engage in after-hours trading of mutual fund shares. The broker, Theodore Sihpol3rd, is the first to face criminal charges […]

Bear Stearns Reports Third Quarter 2003 Earnings of $2.30 Per Share, Up 87.0% from Third Quarter 2002

NEW YORK–(BUSINESS WIRE)–Sept. 18, 2003– <pre><br> Net Income up 90.6% to $313.4 Million, Nearly Doubling from $164.4<br> Million in Third Quarter 2002<br><br>Pre-Tax Profit Margin Hits 32.5%<br><br> Quarterly ROE 21.3% : Trailing 12-Month ROE 19.0%<br></pre> The Bear Stearns Companies Inc. (NYSE:BSC) […]

High-yield bonds tipped to stay strong, HONG KONG IMAIL

xfdws HIGH-YIELD-BONDS sked Emerging Markets Datafile September 18, 2003 HONG KONG IMAIL HONG KONG ENGLISH High-yield bonds tipped to stay strong, HONG KONG IMAIL Foster Wong ASIA WorldSources, Inc. 322 MASSACHUSETTS AVENUE 2ND FLOOR, NE WASHINGTON, DC 20002 COPYRIGHT 2003 […]

Bernstein Liebhard & Lifshitz, LLP Announces Class Action Lawsuit Commenced Against Bank One (One Group) Mutual Funds

NEW YORK, NY — (MARKET WIRE) — 09/17/2003 — A class action lawsuit was commenced in the Northern District of Illinois, Eastern Division, on behalf of all purchasers, redeemers and holders ofmutual fund shares or other ownership interests of one […]

Charges filed against Bank of America employee in mutual fund

NEW YORK (AP) — New York prosecutors filed the first criminal counts in their investigation of mutual fund trading practices, charging a former Bank of America broker in a scheme they said costinvestors tens of millions of dollars. Theodore Sihpol […]

Janus Fund Investors File Trading Suits

Three investors have sued the Janus mutual funds company in federal court, accusing it of illegal trading practices that harmed shareholders. One suit alleges favored customers of the Denver-based company were allowed to “time” their mutual fund trades. The suit, […]