Industry News

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NEWS INDUSTRY NEWS MAR 06, 2000
Stable value, junk bond managers rise to the top

Egos on parade as Wall Street ponders future
NEWS INDUSTRY NEWS MAR 06, 2000
Egos on parade as Wall Street ponders future

Federal regulators have begun one of the most sweeping debates on the stock market since the New York Stock Exchange opened in 1817.

NEWS INDUSTRY NEWS MAR 06, 2000
Fidelity's online brokerage cannibalizing its fund biz

Research firm concludes Fidelity lost $2 billion of mutual fund assets to its brokerage business in the first seven months of 1999

Hedge trimming buoys the goldbugs
NEWS INDUSTRY NEWS FEB 28, 2000
Hedge trimming buoys the goldbugs

After nearly 20 years of watching laggard performance, precious metals investors are finally getting bullish.

Banks better than most in fund sales
NEWS INDUSTRY NEWS FEB 14, 2000
Banks better than most in fund sales

Mutual fund sales slipped last year, but the banking industry, a relative beginner in the business, did only half as badly, a consultant's report shows.

It isn't eurotrash yet, but EU's currency is in the dumps
NEWS INDUSTRY NEWS FEB 07, 2000
It isn't eurotrash yet, but EU's currency is in the dumps

Prospects for any sustained rise in the euro appear bleak for the foreseeable future, currency traders say.

Evensky tap dances on options as planner industry shifts
NEWS INDUSTRY NEWS FEB 07, 2000
Evensky tap dances on options as planner industry shifts

Harold Evensky, one of the highest profile financial planners in the country, hopes to chart a new course for his firm in the next 30 to 60 days.

Most ECNs seem to be hedges waiting to be clipped
NEWS INDUSTRY NEWS FEB 07, 2000
Most ECNs seem to be hedges waiting to be clipped

In the past two years, Wall Street's leading firms have invested tens of millions of dollars in electronic communications networks - those new electronic stock markets that some believe pose a real threat to the Nasdaq Stock Market and the New York Stock Exchange.

NEWS INDUSTRY NEWS FEB 07, 2000
Retirees throw up roadblock to US West-Qwest deal

Pru rocked as high-tech acquisition's pros take a hike
NEWS INDUSTRY NEWS FEB 07, 2000
Pru rocked as high-tech acquisition's pros take a hike

Prudential Securities Inc.'s acquisition of a West Coast investment banking boutique had all the makings of a perfect marriage.

Irate Amex members pose threat to Nasdaq's spinoff
NEWS INDUSTRY NEWS JAN 24, 2000
Irate Amex members pose threat to Nasdaq's spinoff

Members of the American Stock Exchange are considering a lawsuit that could derail the National Association of Securities Dealers' plan to spin off the Nasdaq Stock Market.

NEWS INDUSTRY NEWS JAN 24, 2000
Munder gets new boss, keeps old owner

Safe harbor made easier for pension plans
NEWS INDUSTRY NEWS JAN 24, 2000
Safe harbor made easier for pension plans

The Internal Revenue Service is removing a major administrative hassle and expense for employers who want to offer generous 401(k) plans that are exempt from non-discrimination tests.

Most employers using Internet for workers' 401(k) education
NEWS INDUSTRY NEWS JAN 24, 2000
Most employers using Internet for workers' 401(k) education

The Internet has become a popular way for employers to provide 401(k) plan investment education to employees, a new survey shows.

NEWS INDUSTRY NEWS JAN 24, 2000
More mergers, joint ventures ahead for mutual funds

Couch Potato Fund more than chip off Gabelli block
NEWS INDUSTRY NEWS JAN 17, 2000
Couch Potato Fund more than chip off Gabelli block

As a youngster, Marc Gabelli never spent a lot of time talking stocks with his famous father, mutual fund manager Mario Gabelli. But that's not to say he didn't learn a thing or two from Dad about managing money.

NEWS INDUSTRY NEWS DEC 13, 1999
Sharpe focus: Rating mutual funds by return per unit of risk

NEWS INDUSTRY NEWS NOV 29, 1999
Agents urged to woo brokers for clients

Finding bargains in a fallow field
NEWS INDUSTRY NEWS NOV 29, 1999
Finding bargains in a fallow field

Money managers in search of bargain stocks are looking no further than competitors' backyards, even if the grass isn't necessarily greener.

Unsophisticated investors could pose problem in downturn
NEWS INDUSTRY NEWS NOV 22, 1999
Unsophisticated investors could pose problem in downturn

Even though liability coverage for securities firms is widely available, industry observers say only 20% to 25% of those who should buy the coverage actually do so.