Author Archives: the HedgeCo News Team
SEC to weigh tighter rules on mutual fund trading
WASHINGTON – The Securities and Exchange Commission will consider new curbs on mutual fund trading to prevent abuses as it continues to investigate a widening fund scandal, the regulatory agency’shead said Thursday. The surprise announcement by SEC Chairman William Donaldson […]
Thai Hospital to Wipe Out Financial Losses by Early 2004
Oct. 9–Bumrungrad Hospital plans to clear its retained losses of more than two billion baht by early next year by using funds generated from its cash flow and a recent private placement, and throughaccounting measures. Of the total net losses […]
Pittsburgh Venture Capitalist Leaves Post at FreeMarkets to Go Out on His Own
Oct. 9–David Becker apparently knows something the rest of us do not. Why else would the clean-cut 39-year-old leave a plum job at Downtown-based FreeMarkets Inc. that brought him millions to work above his garage in Sewickley, pondering the vagaries […]
Maximum Dynamics, Inc. Builds Sales and Support Infrastructure
COLORADO SPRINGS, CO — (MARKET WIRE) — 10/08/2003 — Maximum Dynamics, Inc. (OTC BB: MXDY), a financial services company that supports the financial community with back office fund administrationand client side support, announced today that it has begun building out […]
Man Utd bid talk heightens as Glazer and de Mol raise stakes
SPECULATION that Manchester United could soon be at the centre of a takeover battle heightened yet further yesterday after American football tycoon Malcolm Glazer and Big Brother creator John de Molboth increased their stakes. Glazer, the man who turned the […]
Overseas tycoons lift stakes in Man Utd
THE TAKEOVER speculation surrounding Manchester United showed no signs of abating yesterday as it emerged that two of the Premiership club’s wealthy overseas investors have increased their stakes. Malcolm Glazer, the billionaire American football magnate, has spent an estimated pounds […]
Medical giant Amersham surges after pounds 5bn takeover approach
AMERSHAM, THE medical technology company which grew out of the Government’s atomic energy programme, has attracted a pounds 5bn takeover approach. The company was forced to admit yesterday that it is in early talks with a mystery bidder, sparking a […]
(RTR.L) VhaYu to Deliver Faster, Enhanced, Real-time Analytics for Reuters Data
LOS GATOS, Calif.–(BUSINESS WIRE)–Oct. 9, 2003–VhaYu Technologies Corp., a leader in real-time tick-data capture, storage and analytics, announced today that it has signed a Developer LicenseAgreement (DLA) with Reuters (Nasdaq:RTRSY, LSE:RTR), the global information company. The DLA licenses VhaYu’s real-time […]
Report sees growth for mutuals
The mutual fund industry is poised for solid growth even as it faces challenges and consolidation after a downturn caused by the steep bear market of the last three years. That’s the bottom line of a report released yesterday by […]
Judge OKs Class-Action Lawsuit Vs. Tyson
LITTLE ROCK, Ark. (AP) – People who sold their shares in IBP Inc. when they heard poultry giant Tyson Foods Inc. had aborted its purchase of the meatpacking company may file a class-action lawsuitagainst Tyson, a federal court ruled. U.S. […]
Rabin, Murray & Frank LLP Announces Class Action Against Bank One Corp. Defendants and Canary on Behalf of Purchasers of the Certain One Group Funds — OGASX, PAVGX, PGIEX, PECAX
Rabin, Murray & Frank LLP Announces Class Action Against Bank One Corp. Defendants and Canary on Behalf of Purchasers of the Certain One Group Funds — OGASX, PAVGX, PGIEX, PECAX NEW YORK, Oct. 9, 2003 (PRIMEZONE) — A class action […]
French regulators ask Eurotunnel to explain
FRENCH regulators today demanded that Eurotunnel clarify its financial situation amid massive short-selling of the shares and rumours circulating in Paris that the company will be forced to convene aspecial general meeting. However, the Anglo-French Channel Tunnel operator refused to […]