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The Securities and Exchange Commission has formally proposed that all U.S. companies use interactive data tagging when they provide financial information.
May 15 -
Including lift-outs and partial deals, investment firms have shelled out more than $50 billion so far this year to acquire mutual fund companies and other asset management firms, in a record 241 deals this year, according to Jefferies Putnam Lovell, a division of Jefferies.
May 15 -
Financial Research Corp., a primary go-to source when it comes to mutual fund sales figures by firm, will no longer publish the data, according to today's Wall Street Journal.
May 15 -
Four years ago, the board of directors of the Gabelli Funds conducted a thorough investigation into charges by the Securities and Exchange Commission that market timing had occurred in its funds, according to a press release the invesment manager issued on behalf of one of its former principals who is now under investigation.
May 15 -
The CGM Mutual Fund may be nearly 80 years old, but its acting like a fund half its age, writes the Motley Fool.
May 14 -
NEW YORK - Wachovia CEO Ken Thompson says the bank plans to cut one third of its fixed-income staff and make a 10% reduction in corporate and investment bank support staff.
May 14 -
Dow Jones Financial Information Services has announced the launch of Private Equity Source, a database for tracking buyout and growth transactions in the U.S. and Europe.
May 13 -
National Financial, a Fidelity Investments company, has launched a multimedia portal that gives brokers and advisers who use its Streetscape workstation exclusive access to business-building and training resources. The National Financial Broker & Advisor Center is the latest addition to the Streetscape workstation and National Financial Broker and Advisor Development Program.
May 13 -
Ubiquitous market commentator Jim Mad Money Cramer of TheStreet.com observes in a Rocky Mountain News column this morning how irrationally the market is behaving of late, in light of rumblings of the bear market and a pronounced recession.
May 13 -
As the stock market continues to close as high as 300 points higher or lower in recent weeks, mutual fund portfolio managers are increasingly hoarding cash or liquid cash-equivalent investments. Even bellwether Oracle of Omaha Warren Buffet has 13% of his portfolio in cash.
May 13