May 13, 1992 |
While arbitration of customer complaints against Wall Street firms has surged, the system lacks the controls needed to ensure that investors get a fair shake, a congressional study released Tuesday said. The General Accounting Office, an investigative arm of Congress, also found a tendency among securities arbitrators to "split the baby" and award only a portion of the damages claimed by investors.
September 18, 2002 |
A group of dissident Walt Disney Co. investors said they will recommend corporate governance changes to directors of the Burbank entertainment giant, but declined to specify what the proposals would be. Providence Capital said it had organized a meeting at its New York offices of 36 institutional shareholders holding from 10% to 15% of the company's shares, but declined to name any of them.
November 20, 2006 |
Though investors' thoughts might drift to turkey and football in the coming week, such diversions are unlikely to crowd out questions about the sustainability of the recent run-up in stocks -- and whether Wall Street is likely to enjoy its usual year-end rally. Not surprisingly, the week is expected to be light on economic and earnings data. However, some investors will be looking for signs of how well consumer spending might hold up as the holiday season has its official start.
January 15, 2008 |
Fidelity Investments said Monday that it reopened its Magellan fund to new investors for the first time in more than a decade as the Boston-based mutual fund company seeks to capitalize on a turnaround by manager Harry Lange. Magellan beat 82% of rival funds last year with the $45-billion portfolio posting its highest return in 14 years. Lange, 55, who replaced Robert Stansky as Magellan's manager in October 2005, steered a significant chunk of money overseas and into technology stocks in 2007.
February 25, 2003 |
A monthly survey of individual investors by brokerage UBS and the Gallup Organization finds them more pessimistic than at any time since the survey began in 1996. Highlights from the latest survey, which questioned 1,000 investors selected randomly nationwide from Feb. 1 to Feb.
March 15, 1997 |
Warren Buffett, a legendary investor and one of the world's richest men, is advising caution to those tempted by the stock market's stampede higher. He described the market as overheated in his annual letter to shareholders of his Berkshire Hathaway Inc. investment company, according to a report by Dow Jones News Service. "You can, of course, pay too much for even the best of businesses," Buffett wrote in his annual report.
March 1, 1987 |
At age 13, David Ryan bought his first stock in the now-defunct candy company that used to make Bit-O-Honey and Chunky bars. Since then, the 27-year-old portfolio manager at Los Angeles-based William O'Neil & Co. has come into even sweeter deals. Trading the same account that won him first place two years ago, Ryan just took another first in the U.S. Trading Championship, two-year stocks category, by turning his original $43,000 investment into $295,000, a gain of 578%.
January 22, 1993 |
Good-looking corporate earnings reports are sparking tremendous stock price gains once again--in the process re-energizing the market's "momentum" investors, who feed on and abet such lightning stock moves. There are two important messages in this frenzy. First, it shows that corporate earnings are getting better and that investors are responding to them, as they should.
October 5, 2004 |
Warner Music Group, the giant music company bought this year by a group led by Edgar Bronfman Jr., said Monday that it would return $350 million to its shareholders. Warner, whose artists include Green Day, Madonna and Linkin Park, said it had extra cash to return to investors as a result of the company's improved balance sheet and lower-than-expected restructuring costs.
April 28, 1995 |
Despite rallying stock and bond markets, mutual funds took in less new cash from small investors in March than in February, the funds' chief trade group said Thursday. But this month buyers have returned in greater numbers, many fund companies say. The Investment Company Institute reported Thursday that net new cash flow into stock funds dipped slightly to $7.2 billion in March from $8.6 billion in February. Bond funds, meanwhile, saw a net $3.7 billion flow out in March, up from February's $1.