Monthly Archives: November 2003
Bernstein Liebhard & Lifshitz, LLP Announces Class Action Lawsuit Commenced Against AllianceBernstein Technology Fund, AllianceBernstein Fund, Inc., Alliance Capital Management Holding L.P., Alliance Capital Management L.P., Alliance Capital Managemen
NEW YORK, NY — (MARKET WIRE) — 11/19/2003 — A class action lawsuit was commenced in the United States District Court for Southern District of New York on behalf of all persons who purchased orotherwise acquired shares or other ownership […]
Insurers ready to adopt centralised database on repairs estimation
MOTOR insurers are ready to adopt the centralised database of motor repairs estimation, in line with Bank Negara Malaysia’s directive that all vehicle accident claims use a standardised database for motor parts prices and labour charges in estimating repair cost. […]
Fidelity Investments Is under Increased Scrutiny in Mutual Fund Trading Probe
Nov. 20–Fidelity Investments, the nation’s largest mutual fund company, is coming under growing scrutiny in an industry-wide probe of improper trading. The Boston-based firm, which manages about $905.6 billion in assets, said yesterday that Massachusetts securities regulators have subpoenaed information […]
FLYING PELIKON MAY FLOAT ; Niche firm’s turnover could be pounds 100m in five years time
SOUTH WALES high technology company Pelikon is considering a flotation. The company, which specialises in electro luminescence display technology, said a float, on a yet to be determined exchange could be realised in 2005. The Caerphilly-based company, specialises in producing […]
BluMont Man Multi-Strategy Notes Close at C$35.8 Million
TORONTO–(BUSINESS WIRE)–Nov. 19, 2003–BluMont Capital Inc. (“BluMont”) (TSXV: BCC) is pleased to announce that its wholly-owned subsidiary, BluMont Capital Corporation, has raised C$35.8 millionwith its third multi-manager/multi-strategy principal guaranteed structured product – the BluMont Man Multi-Strategy Notes (“Multi-Strategy Notes”). The […]
Tokyo Stocks Plunge as Higher Yen Hits Techs
Tokyo, Nov. 19 (Jiji Press)–Stocks plunged on the Tokyo Stock Exchange Wednesday, as export-oriented technology heavyweights were beaten down on the heels of Wall Street stocks’ setback overnightand the yen’s appreciation versus the dollar. Amid dwindling turnover, the key Nikkei […]
Bernstein Liebhard & Lifshitz, LLP Announces Class Action Lawsuit Commenced Against AllianceBernstein Technology Fund, AllianceBernstein Fund, Inc., Alliance Capital Management Holding L.P., Alliance Capital Management L.P., Alliance Capital Manag
A class action lawsuit was commenced in the United States District Court for Southern District of New York on behalf of all persons who purchased or otherwise acquired shares or other ownership units of one or more of the mutual […]
Janus Hires Firm to Assess Market-Timing
DENVER (AP) – Janus Capital Group Inc. said Wednesday it hopes to know by the middle of next month how much improper trading arrangements cost its mutual fund shareholders. The Denver-based company also should have a method for making restitution […]
FBI Created Hedge Fund in Sting
NEW YORK (AP) – In an elaborate undercover operation to infiltrate an alleged foreign exchange and securities scam, the FBI set up a fake hedge fund called Centurion Consulting Inc., according tocourt documents unsealed Wednesday. It was through this hedge […]
SEC Commissioner Outlines Mutual Fund Reforms; Committee Remains Critical
Nov. 19–Securities and Exchange Commissioner William H. Donaldson confessed yesterday that for years his agency had failed to check funds to catch wrongdoing like late trading or market timing,practices used to steal millions from small investors. “For too long, the […]
TheStreet.com Daily Briefing Launched for Retail Brokers and Financial Advisors; Latest Product Designed to Help Investment Professionals Build Their Businesses
NEW YORK–(BUSINESS WIRE)–Nov. 19, 2003–TheStreet.com, Inc. (Nasdaq:TSCM), a leading provider of financial commentary, research, analysis and news, today announced the launch of TheStreet.com DailyBriefing. TheStreet.com Daily Briefing is a daily email service that provides retail brokers and financial advisors with […]
Grace Magazine Shuts After Investor Quits
NEW YORK (AP) – Grace, a fashion and lifestyle magazine for women size 12 and up, is shutting down after its primary investor pulled out, the company announced Wednesday. Grace published seven issues since launching in May of last year, […]