Author Archives: the HedgeCo News Team
Currencies leap as grip on yen eased, HONG KONG IMAIL
xfdws CURRENCIES-LEAP sked Emerging Markets Datafile September 23, 2003 HONG KONG IMAIL HONG KONG ENGLISH Currencies leap as grip on yen eased, HONG KONG IMAIL Cathy Holcombe ASIA WorldSources, Inc. 322 MASSACHUSETTS AVENUE 2ND FLOOR, NE WASHINGTON, DC 20002 COPYRIGHT […]
BUSINESS in Brief
Genzyme buys into Brit firm Genzyme intends to invest $37.7 million in a British company as part of an alliance to develop treatments for such diseases as scleroderma and rheumatic diseases. Under the agreement with Cambridge Antibody Technology Group, Genzyme […]
Dollar ekes out gain after hitting new lows
NEW YORK (AP) — The dollar posted gains against the yen and major European currencies Tuesday, but only after rebounding from fresh lows earlier in the session. The dollar had fallen to a new three-year bottom against the yen and […]
OrbiMed Advisors Closes $300 Million Healthcare Venture Fund
<body.content> <block> <p>NEW YORK, Sept. 23 /PRNewswire/ — . OrbiMed Advisors LLC, an investment management firm focused solely on healthcare investing, today announced theclosing of Caduceus Private Investments II, LP and its parallel funds, which comprise a $300 million venture […]
Independent public audit of Strong sought
Independent public audit of Strong sought State treasurer to ask board to act By KATHLEEN GALLAGHER [email protected], Journal Sentinel Tuesday, September 23, 2003 Saying it isn’t enough for Strong Capital Management Inc. to conduct its own internal investigation into accusations […]
SoftLead, Inc. Announces Its Intent to Acquire a Majority Interest in us-funds.com, Inc.
LOS ANGELES–(BUSINESS WIRE)–Sept. 23, 2003–SoftLead, Inc. (Other OTC: SFTL) announced that it has signed a Letter of Intent to acquire a majority interest in us-funds.com, Inc., a New Yorkcompany. The terms of the transaction calls for the payment of $9.00 […]
NYSE fills interim chairman post
NEW YORK — Former Citigroup co-chairman John Reed was named interim chairman of the New York Stock Exchange on Sunday, temporarily succeeding deposed chairman Richard Grasso, who resigned five daysago. Reed, 64, was at the top of a list of […]
Daily News, New York, Peter Siris Column
Sep. 22–What’s the difference between Dick Grasso and many board members of the New York Stock Exchange? Grasso, at least, went to the trouble to read and understand where all the $139.5 million in comp was coming from. Many of […]
Detroit Free Press Susan Tompor Column
Sep. 22–INVESTORS MAY PENALIZE SUSPECT FUNDS: After investors were kicked in the gut by Enron Corp. and other stock scandals, the first civil word that pops into mind when hearing about the newmutual fund scandal is sell. The second, third […]
Accredited Investors Located in Michigan Pursue Shareholders’ Rights Claims Against Janus Capital Management, Et Al., for Improper Trading Techniques
<body.content> <block> <p>DETROIT, Sept. 22 /PRNewswire/ — A shareholders’ rights action has been filed by the law firm of Siemion Huckabay, et al. P.C. on behalf of an accreditedinvestor and all persons or entities who purchased or otherwise acquired securities […]
Rabin, Murray & Frank LLP Commences Class Action Against Strong Financial Corporation Defendants and Canary on Behalf of Purchasers of the Securities of The Strong Funds Family of Funds
Rabin, Murray & Frank LLP Commences Class Action Against Strong Financial Corporation Defendants and Canary on Behalf of Purchasers of the Securities of The Strong Funds Family of Funds NEW YORK, Sept. 22, 2003 (PRIMEZONE) — A class action lawsuit […]
Time to bail on targeted mutual fund firms?
MARKETS Time to bail on targeted mutual fund firms? Morningstar recommends selling Strong, others, but some disagree By KATHLEEN GALLAGHER [email protected], Journal Sentinel Sunday, September 21, 2003 Some mutual fund investors aren’t waiting for any more news — they’ve decided […]