Monthly Archives: January 2004
Maximum Dynamics Announces New Business Unit
COLORADO SPRINGS, Colo., Jan. 22, 2004 (PRIMEZONE) — Maximum Dynamics, Inc. (OTCBB:MXDY), a technology solutions company that combines cutting edge technology with its back office and administrationservices to provide business outsourcing and business process management services, announced today that it […]
Hedge fund scam leads to charges
NEW YORK — Revealing the perils of investing in the secretive world of hedge funds, Massachusetts securities regulators Wednesday charged a Boston brokerage firm with failing to supervise twobrokers who allegedly duped unsophisticated investors into buying shares of risky hedge […]
Manager Launches New Mutual Fund Product Utilizing Hedge Fund Strategies
WEST PALM BEACH, Fl (HEDGECO.NET) – A new Mutual Fund product has been launched by Thomas Kirchner, with the aim of utilizing event driven strategies for its trading decisions. The new fund,Pennsylvania Event Driven Fund, although a mutual fund by […]
Mutual Funds Come to Pakistan
WEST PALM BEACH, FL (HEDGECO.NET) – Hong Kong Asset management company, Crosby Investment Company announced that it intends to establish private equity fund in Pakistan. The statement was releasedafter a meeting between Robert Owen, Chairman of the Crosby Investment company, […]
Bank of New York Profit More Than Triples
Bank of New York Co.’s profit more than tripled in the latest quarter, as the improving stock market and an acquisition helped results. The bank Wednesday posted fourth-quarter profit of $307 million, or 40 cents a share, up sharply from […]
Regulator Files Complaint Vs. Boston Firm
BOSTON (AP) – State securities regulators have accused a Boston investment firm of failing to supervise two agents who allegedly sold unregistered hedge funds to investors that cost some their lifesavings. According to a civil complaint, James Pangione of Sterling […]
In Brief
MOTOROLA, the world’s second largest maker of mobile phones, has posted a higher-than-expected fourth-quarter net profit of $489 million (Pounds 270 million) but sales in the company’s core businessfell due to delays in new products with 3G features, such as […]
Bank of New York Profit More Than Triples
NEW YORK (AP) – Bank of New York Co.’s profit more than tripled in the latest quarter, as the improving stock market and an acquisition helped results. The bank Wednesday posted fourth-quarter profit of $307 million, or 40 cents a […]
Maximum Dynamics, Inc. Acquires 100% of Unilogic Solutions (Pty), Ltd.
Maximum Dynamics, Inc. Acquires 100% of Unilogic Solutions (Pty), Ltd. COLORADO SPRINGS, Colo., Jan. 21, 2004 (PRIMEZONE) — Maximum Dynamics, Inc. (OTCBB:MXDY), a technology solutions company that combines cutting edge technology with its back office and administration services to provide […]
Bank of New York Profit More Than Triples
Bank of New York Co.’s profit more than tripled in the latest quarter, as the improving stock market and an acquisition helped results. The bank Wednesday posted fourth-quarter profit of $307 million, or 40 cents a share, up sharply from […]
Watchdog widens inquiry into extent of market timing
THE FINANCIAL Services Authority is set to widen its investigation of market timing to include brokers and insurance companies in a bid to establish whether the practice – which is harmful to privateinvestors – is prevalent in the UK. The […]
The Bank of New York Company, Inc. Earnings Growth Led by Strength in Securities Servicing and Fiduciary Fees
The Bank of New York Company, Inc. (NYSE: BK) reports fourth quarter diluted earnings per share of 40 cents and operating earnings of 44 cents per share, compared with operating earnings of 42 centsper share in the third quarter. Fourth […]