Author Archives: the HedgeCo News Team

Despite a blip on the equity radar screen this week, brought about by investors getting twitchy over the prospect of a rise in interest rates, there are whispers that the bear market might be comingto an end. After three years […]

Oct. 25–An ex-Bank of America Corp. broker charged in an ongoing probe of the mutual fund industry is suing the bank over its refusal to pay his legal fees. Ted Sihpol alleges the Charlotte bank is required to advance him […]

Oct. 25–A New York investment group is offering $225 million to buy the assets of struggling Fairlawn steelmaker Republic Engineered Products. Perry Strategic Capital Inc. said it plans to help “rebuild and revitalize” Republic’s steel operations and help the firm […]

xfdce NIGHTLY-BUSINESS-REPO-00 Show: NIGHTLY BUSINESS REPORT> Date: October 24, 2003> Time: 18:30:00> Tran: 102400cb.118> Type: SHOW> Head: Nightly Business Report> Sect: Business> Byline: Paul Kangas, Jeff Yastine> Guest: David Pottruck> Spec: Business; Economy> Time: 00:00:00> PAUL KANGAS, NIGHTLY BUSINESS REPORT […]

Tokyo, Oct. 24 (Jiji Press)–The dollar was range-bound around 109.50 yen in Tokyo Friday morning, following its narrow movements in overnight trading abroad. At noon, the dollar stood at 109.62-64 yen, up from 109.48-51 yen at 5 p.m. Thursday, after […]

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 […]

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 […]

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 […]