Bloomberg

Bloomberg
Displaying 12857 results
INVESTING MUTUAL FUNDS FEB 05, 2007
Record IPO may bring closed-end-fund resurgence

PHILADELPHIA — The successful launch of the closed-end Alpine Total Dynamic Dividend Fund — its initial public offering raised $4.04 billion last month, making it the largest closed-end-fund IPO ever — may signal a resurgence in closed-end funds, industry experts say.

YOUR PRACTICE FINTECH FEB 05, 2007
Online options trading is getting cheaper

NEW YORK — The online options trading arena is rapidly expanding, as the cost to trade such investments has fallen significantly.

NEWS INDUSTRY NEWS FEB 05, 2007
Demise of savings may be greatly exaggerated

NEW YORK — The negative savings rate in the United States has been a cause for concern to some economists — who contend that Americans are spending away their futures.

YOUR PRACTICE FINTECH FEB 05, 2007
Franklin Resources expanding in India

BOSTON — Franklin Resources Inc., the nation’s fourth-largest mutual fund company, boosted its head count by 229 workers last quarter, with more than 90% of that growth coming from India, where it opened a new facility last month.

NEWS INDUSTRY NEWS FEB 05, 2007
Global exposure important to investors, Goldman says

NEW YORK — Exposure to global markets is playing an increasingly important role in the confidence investors have in a company and its stock, according to evaluations of 2006 fourth-quarter company reports published last month by Goldman Sachs & Co. Inc.

RETIREMENT LIFE INSURANCE AND ANNUITIES FEB 05, 2007
Home-invasion policy may calm client fears

NEW YORK — Recent reports of an uptick in home invasions in many parts of the United States may increase the popularity of a policy that covers medical and other costs of the invasions.

INVESTING ALTERNATIVES FEB 02, 2007
Former hedge fund manager indicted for fraud

The former head of a Hailey, Idaho-based hedge fund was indicted on criminal charges that he carried out a fraudulent scheme that bilked investors out of $88 million, the U.S. Attorney's office said yesterday.

INVESTING ALTERNATIVES FEB 02, 2007
Hedge fund group to price IPO Feb. 8

NEWS INDUSTRY NEWS FEB 02, 2007
Consumer sentiment sets record

Lower gas prices and a thriving labor market boosted consumer confidence to its highest level in two years, according to the monthly index of consumer sentiment that Reuters and the University of Michigan released today.

NEWS RIAS FEB 02, 2007
KPMG suffers adverse legal ruling

KPMG LLP endured another blow in its tax shelter case this week, when a federal judge in Texas ruled that tax shelters based on fake bank loans are not legitimate tax write-offs, according to the New York Times.