Author Archives: the HedgeCo News Team
Stability grows in world finance
THE financial systems of the world in general, and Britain in particular, have become more stable over the past six months as the world economy has improved, the Bank of England said yesterday. However, the bank cautioned in its twice-yearly […]
Forking out for Dallaglio dinner ; City Insider
IT may not be up there with the half a bar recently forked out by billionaire Philip Green for a little-known rugger player’s shirt, but the thirsty City boys attending Lawrence Dallaglio’s benefitdinner this week were waving their wads. Top […]
Air Canada to ask court to allow $120-million pension plan payment
TORONTO (CP) – Air Canada will ask a court next week to allow the struggling airline to make $120 million in contributions to its underfunded pension plans. The defined benefit plans cover all of Air Canada’s unionized and non-unionized employees […]
Watchdog steps up `market timing’ investigation
THE FINANCIAL Services Authority yesterday instructed 25 chief executives from Britain’s largest fund management companies to set up internal investigations to check whether there was evidence thatemployees had engaged in controversial market practices. Callum McCarthy, the chairman of the FSA, […]
One source, a variety of views Only favored clients got analyst’s true assessment of SBC Wall Street Watch
In the summer of 2001, the lofty stock price of SBC Communications was coming down, but the company appeared strong. On July 25 that year, it issued its second-quarter earnings report, boasting that disciplined financial management had driven its earnings […]
Derivative Solutions Provides Software to Insurance Companies to Calculate Standard & Poor’s RBC and FPC Models; Software Calculates Risk Exposure for Insurance Companies
NEW YORK–(BUSINESS WIRE)–Dec. 11, 2003–Derivative Solutions, a leading provider of analytical software to the fixed income industry, announced today that its software produces the risk exposuremeasurements necessary to populate key portions of Standard & Poor’s risk-based capital (RBC) and financial […]
FSA warns fund managers: Bosses must take responsibility for tackling market timing and late trading
Callum McCarthy, the chairman of the Financial Services Authority, warned the heads of leading fund management firms yesterday that they were personally responsible for rooting out trading practicesthat can discriminate against private investors. At a meeting with the chief executives […]
According to Stax, Behavior Doesn’t Change Overnight, That Goes for Cell Phones Too, All You Have to Do is Ask, and Watch
CAMBRIDGE, Mass.–(BUSINESS WIRE)–Dec. 11, 2003–Pundits have pronounced; analysts have estimated; there is no shortage of opinions: Now that the new cellular phone portability law is “live” (in theinitial 100 cities, at least), everyone wants to know whether cell phone customers […]
LOU DOBBS TONIGHT; CNNfn – Part 2
Tucker, Peter Viles, Casey Wian, Jamie McIntyre, John King xfdce CNNfn-LOU-DOBBS-TONIGHT-01 Show: LOU DOBBS TONIGHT> Date: December 11, 2003> Time: 18:00:00> Tran: 121101cb.l10> Type: SHOW> Head: LOU DOBBS TONIGHT; CNNfn – Part 2> Sect: Business> Byline: Lou Dobbs, Peter Viles, […]
Nightly Business Report
xfdce NIGHTLY-BUSINESS-REPO-00 Show: NIGHTLY BUSINESS REPORT> Date: December 11, 2003> Time: 18:30:00> Tran: 121100cb.118> Type: SHOW> Head: Nightly Business Report> Sect: Business> Byline: Paul Kangas, Susie Gharib, Suzanne Pratt, Darren Gersh> Guest: Burtch Drake> Spec: Business; Economy> Time: 00:00:00> PAUL […]
Van Global Hedge Fund Index Earns 1.1% Net in November; Index Positive in Ten of Eleven Months in 2003
NASHVILLE, Tenn.–(BUSINESS WIRE)–Dec. 11, 2003–The Van Global Hedge Fund Index posted a 1.1% net gain in November, according to Van Hedge Fund Advisors International (VAN). The Index representsthe average net monthly hedge fund return submitted to VAN, with nearly 850 […]
Sale just one option for Strong
Sale just one option for Strong Views on divestiture diverge By KATHLEEN GALLAGHER AND DAVE UMHOEFER [email protected] Thursday, December 11, 2003 A Strong Financial Corp. executive left open the possibility that company founder Richard S. Strong might decide not to […]