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RiverSource Investments of Minneapolis, a wholly-owned subsidiary of Ameriprise Financial, is shining a brighter light on its international subadvisory affiliate, Threadneedle International Limited, headquartered in London.
April 7 -
WASHINGTON - Federal Reserve Board Chairman Ben Bernanke strongly defended the central bank's rescue of Bear Stearns Cos. to skeptical lawmakers Wednesday and refused to rule out similar actions in the future.
April 7 -
As we look forward to next month's historic meeting of industry executives at the Investment Company Institute's "Our Foundation-Our Future" 50th Annual General Membership Meeting in Washington, D.C., we have some news of our own.
April 7 -
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While the Dow Jones Industrial Average soared 391.47 points last Tuesday and many investment banking stocks rocketed in the mid-double digits on the good news of infusion of billions of capital from the faithful shareholders of UBS and other banks, the 407,000 applications for unemployment benefits in the final week of March (anything above 400,000 is official recession territory and the consensus figure had been 365,000), sent the market erractically gyrating at deadline.
April 7 -
NEW YORK - The Advertising Research Foundation awarded both its top-place Grand Ogilvy Award and the Gold Award for Financial Services to Ameriprise Financial at an awards ceremony here last Tuesday for its multimedia national "Dreams Don't Retire" campaign.
April 7 -
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The market-roiling chicanery at Enron, which The Motley Fool astutely characterizes as "shredding profits" through "mark-to-market" accounting at a "batty" company - is just the beginning tale, writes Seth Jayson.
April 7 -
NEW YORK - Things look pretty dismal when a company is burning cash and can't replace revenue, in a week when even the chairman of the Federal Reserve goes against administration policy to acknowledge a broad and deepening recession in the U.S. However, if the situation is addressed early enough, problems can be fixed before they get out of control.
April 7 -
Assets of total money market mutual funds fell by $7.19 billion to $3.498 trillion for the week ending April 2, according to the Investment Company Institute.
April 7 -
While the Dow Jones Industrial Average soared 391.47 points on Tuesday and many investment banks' stocks rocketed in the mid-double digits on the good news of infusion of capital from shareholders, Lipper preliminary data on mutual fund results for the first quarter of the year was disappointing, The Wall Street Journal reports this morning.
April 2 -
The Investment Company Institute said it welcomes Treasury Secretary Henry Paulsons plan to overhaul the financial systems regulation apparatus.
March 31 -
Pax World Management Corp. has launched three new mutual funds focused on environmental and international concerns. The funds are Pax World Global Green Fund, Pax World Small Cap Fund, and Pax World International Fund.
March 31 -
NEW YORK-FTSE has partnered with Conflict Securities Advisory Group, a risk measurement firm based in Washington, D.C., that has been focusing on Iran, North Korea, Sudan and Syria since just before the terrorist attacks in 2001, through the new FTSE CSAG Terror-Free Index Series.
March 31 -
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Charles Schwab Corp. of San Francisco is facing a potential class-action lawsuit over no-load ultra short bond fund that allegedly loaded up on mortgage-backed securities and misled investors.
March 31 -
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Eliot Spitzer, onetime Wall Street crusader, New York State Attorney General and New York Governor in a first term that ended with his abrupt resignation on March 17, may be forced to release thousands of incriminating e-mails linked to his alleged smear campaign against Senate Majority Leader Joseph L. Bruno.
March 31 -
BOSTON-The worldwide, far-reaching ramifications of questionable subprime mortgages in the United States should have been foreseen and could have been prevented, separately managed account and mutual fund executives concurred at the Money Management Institute's annual conference here earlier this month.
March 31