Monthly Archives: September 2003
Probe May Bring Out Dirt of Mutual Funds
Some investment experts have always believed that illegal trades in mutual fund shares is a serious problem that hurts unsuspecting ordinary investors. And now, because of a probe led by New YorkAttorney General Eliot Spitzer, it may receive well-deserved attention. […]
Secure Elements Receives $5 Million from Blue-Chip Investors
HERNDON, Va.–(BUSINESS WIRE)–Sept. 4, 2003– Enterprise Security Software Firm Will Accelerate Sales and Development Efforts in the Automated Vulnerability Remediation Management Sector Secure Elements Inc., an early-stage enterprise security software vendor, announced today that it has secured $5 million in […]
Stamford, Conn., Building to Retain Tenants after Sale
Sep. 4–What do Screaming Yellow Zonkers, pricey bedroom sets and a few hedge funds have in common? A new landlord. The building that houses the Huffman Koos Furniture store, novelty popcorn maker Lincoln Snacks Co. and several office tenants off […]
Compuware Trading Soars Amid Rumors
Sep. 4–Trading in Compuware Corp. stock surged Wednesday as rumors circulated that the Detroit software maker might sell part or all of its mainframe products division. More than 6.2 million shares — twice the average daily volume — changed hands […]
New York Attorney General Targets Mutual, Hedge Funds
Sep. 4–For years, a large investment firm bent the rules at some of the nation’s most prominent mutual funds, including those offered by Bank One, in an illegal arrangement that authorities say iswidespread and could be costing investors billions of […]
Hedge Fund to Pay $40 Million Settlement in Alleged Illegal Trading Scheme
Sep. 4–A private hedge fund said yesterday it agreed to pay $40 million as part of a government settlement involving alleged illegal trading schemes, the first step in what state Attorney GeneralEliot Spitzer promised would be a crackdown on “widespread” […]
New York Attorney General Alleges Mutual Funds Allowed Fraudulent Trades
Sep. 4–State Attorney General Eliot Spitzer accused several investment banks and mutual funds of engaging in fraudulent after-hours tradings that cost small investors billions of dollars. Spitzer said Bank of America, Bank One, Janus Funds and others allowed Edward Stern […]
Savings Bonds Vs. Five-Year Treasury Ladders
Q: Which would be better: purchasing EE Savings Bonds, or creating a five-year Treasury ladder? I will be purchasing either one from an account that isn’t tax-deferred, using Treasury Direct(www.treasurydirect.gov). My understanding is that I can get EE Bonds that […]
Gramercy Advisors Names Marilyn Fee White Managing Director of Client Services and New Business Development
<body.content> <block> <p>NEW YORK, Sept. 4 /PRNewswire/ — Gramercy Advisors LLC, an event-driven distressed debt hedge fund manager based in Greenwich, CT, announced today thatMarilyn Fee White has joined the firm as Managing Director of Client Services and New Business […]
Thursday, Sept. 4 2003
————– EDITORS: ————– The World Graphics Update will move Monday through Friday at 1015 GMT, 1400 GMT and 0100 GMT. Only one update will move Saturday and Sunday at 20:00 GMT. Editorial questions, posting requests for graphics less than two […]
Applimation Secures Additional $5M in Series B Funding
<body.content> <block> <p>NEW YORK, Sept. 4 /PRNewswire/ — Applimation, Inc., a leading provider of application management software, today announced closing an additional $5million in Series B financing. This round of funding, led by JMI Equity Fund with additional funding from […]
Funding to stimulate growth of technopreneurs
UMNO Youth expects to generate about 300 successful applicants among its members under the Cradle Investment Programme (CIP), a funding managed by Malaysia Venture Capital Management Berhad (Mavcap)to stimulate growth of technopreneurs and generation of ideas in information and communications […]