News

Displaying 42685 results
INDUSTRY NEWS APR 30, 2007
In-play telecom probed for release denying talks

OTTAWA — While a bidding war goes on for BCE Inc., InvestmentNews learned last Tuesday that the Montreal-based telecom giant is under investigation by Market Regulation Services Inc. for a misleading, possibly fraudulent, press release.

By Bloomberg
OPINION APR 30, 2007
‘Never mind’ the SEC’s regulatory mess

By Bloomberg
OPINION APR 30, 2007
Flying high with derivatives can be risky

By ewilliams
INDUSTRY NEWS APR 30, 2007
Industry internships target black colleges

Helping Wall Street firms to look more like the American public they serve is the idea behind a new internship program designed for students who attend historically black colleges and universities.

By Bloomberg
WIREHOUSES APR 27, 2007
Citigroup clinches Nikko takeover

With a $13.4 billion offer, Citigroup Inc. yesterday closed on the largest foreign takeover of a Japanese company, Nikko Cordial Corp., according to published reports.

By Bloomberg
INDUSTRY NEWS APR 27, 2007
Oppenheimer Holdings profits down 2.5%

Oppenheimer Holdings Inc. today reported a net profit of $16,790,000 or $1.28 per share for the first quarter, a 2.5% decrease from $17,217,000, or $1.36 per share, in the same quarter in 2006, the company announced today.

By Bloomberg
INDUSTRY NEWS APR 27, 2007
TIAA-CREF ups equities in lifecycles

New York-based TIAA-CREF has increased equity exposure on all seven of its lifecycle funds to 90% up from 80%, the company announced today.

By Bloomberg
WIREHOUSES APR 27, 2007
Mack backs Clinton for president

Morgan Stanley & Co. Inc. today confirmed that chief executive John Mack, a registered Republican, has thrown his support behind Democratic New York Senator Hillary Rodham Clinton in the 2008 presidential election, according to published reports.

By Bloomberg
LIFE INSURANCE AND ANNUITIES APR 27, 2007
The Hartford books 20% earnings increase

The Hartford Financial Services Group Inc. announced today that earnings rose 20% in the first quarter to $876 million, from $728 million for the same period a year earlier.

By Bloomberg
INDUSTRY NEWS APR 27, 2007
Online brokerage firms rated

Firstrade Securities got the top overall score in the latest survey of online brokerage firms conducted by Consumer Reports.

By Bloomberg
WIREHOUSES APR 26, 2007
Fidelity brokerage unit assets rise

Fidelity Investments today said total client assets at its Fidelity Brokerage Co. unit reached a record $1.77 trillion in the first quarter, up 19% from a year earlier.

By Bloomberg
WIREHOUSES APR 26, 2007
Schwab offers high-yield checking accounts

Charles Schwab Corp. today announced no-fee checking accounts from Charles Schwab Bank, with an annual percentage yield of 4.25%.

By Bloomberg
WIREHOUSES APR 26, 2007
Jefferies names cash equities trading head

Jefferies & Company Inc. today announced the appointment of Edward J. Craig as managing director and head of U.S. Cash Equities Trading.

By Bloomberg
WIREHOUSES APR 26, 2007
Janus revenues jump 7%

Janus Capital Group Inc. today announced its profits rose 1% and its revenues increased 7% in the first quarter.

By Bloomberg
INDUSTRY NEWS APR 26, 2007
NYSE Euronext reports 1Q profit

The newly formed NYSE Euronext today reported net income of $67.6 million in the first quarter for NYSE Group, a $37.3 million -- or 123% -- increase as compared to net income of $30.3 million from the year-ago period.

By Bloomberg
WIREHOUSES APR 26, 2007
Regulate reps as advisers, says survey

More than 90% of investors surveyed believe that the same investor protection rules should apply to both stockbrokers and financial planners when they offer the same kind of investment advice services, according to a new study.

By Bloomberg
WIREHOUSES APR 26, 2007
Franklin profits, revenues beat Street

Franklin Resources Inc.’s second-quarter profits more than doubled due to more inflow into its funds and higher earnings from its investments, the San Mateo, Calif.-based asset manager announced today.

By Bloomberg
INDUSTRY NEWS APR 26, 2007
Nuveen launches $900M IPO

Nuveen Investments Inc. today announced the initial public offering of the Nuveen Multi-Currency Short-Term Government Income Fund.

By Bloomberg
INDUSTRY NEWS APR 26, 2007
AMVESCAP profits hike 27.1%

London-based AMVESCAP PLC reported that operating profit increased by 27.1% for the quarter to $237.2 million, from $186.6 million in the same quarter last year.

By Bloomberg
WIREHOUSES APR 26, 2007
Vanguard to simplify account fees

The Vanguard Group Inc. today said it plans to simplify its account fees, and will also offer ways for investors to avoid them entirely.

By Bloomberg