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J W Seligman

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BUSINESS
September 7, 2005 | From Bloomberg News
J. & W. Seligman & Co., a New York-based money management firm, Tuesday asked a U.S. judge to block New York Atty. Gen. Eliot Spitzer from widening a probe of mutual fund trading abuses to focus on fees. Spitzer and the Securities and Exchange Commission investigated whether Seligman permitted investors to engage in market timing in trades. The firm reached a tentative monetary settlement of the SEC and Spitzer's probe last month, according to a lawsuit filed by Seligman.
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BUSINESS
September 7, 2005 | From Bloomberg News
J. & W. Seligman & Co., a New York-based money management firm, Tuesday asked a U.S. judge to block New York Atty. Gen. Eliot Spitzer from widening a probe of mutual fund trading abuses to focus on fees. Spitzer and the Securities and Exchange Commission investigated whether Seligman permitted investors to engage in market timing in trades. The firm reached a tentative monetary settlement of the SEC and Spitzer's probe last month, according to a lawsuit filed by Seligman.
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BUSINESS
January 9, 2004
J. & W. Seligman & Co., a New York-based money management firm, said an employee has left the company amid an internal review of possible improper trading that may have diluted mutual fund returns. Seligman plans to reimburse funds harmed by so-called market timing trades, according to a company filing with the Securities and Exchange Commission. Although the inquiry is continuing, Seligman has so far found that any "financial impact" from the trading was minimal.
BUSINESS
November 1, 1999 | Karen Kaplan
HomePage.com, the Pasadena start-up that offers free pages on the Web, will become the exclusive provider of home pages to the 45 million users of America Online's ICQ instant messaging service. As part of the deal, expected to be announced today, Dulles, Va.-based AOL will take an undisclosed equity stake in HomePage.com. Last week, HomePage.com announced a similar deal with About.com, the New York firm whose guides help Web surfers find their way around the Internet. HomePage.
BUSINESS
December 4, 2000 | KAREN KAPLAN, TIMES STAFF WRITER
Despite increased investor skepticism about the prospects for Internet companies, Santa Monica-based XDrive is expected to announce today that it has raised $50 million in additional private funding. The 2-year-old firm, which provides free digital storage space on the Internet, enlisted a combination of venture capitalists and corporations for its Series D financing. New investors include Softbank, Mitsubishi, NEC, Network Appliance, Aether Systems and StorageNetworks.
BUSINESS
May 29, 2000 | From Bloomberg News
Dial Corp., maker of its namesake soap and Purex laundry detergent, might sell its Armour canned-meat unit, whose lagging results have hurt the company's shares, analysts and investors said. Armour, the top-selling U.S. brand of Vienna sausages, had an estimated $250 million in sales last year. Dial warned in March that first-half earnings will fall in part because of declining Armour sales. The food business generated 17% of Dial's U.S.
BUSINESS
October 3, 2005 | From Reuters
The number of Wall Street executives who quake in their boots at the mention of Eliot Spitzer may be dwindling. Rich and powerful targets of the white-collar-crime-fighting New York attorney general have been increasingly emboldened to complain publicly, sensing that he may have overstepped his bounds in some cases.
BUSINESS
December 30, 2000 | JONATHAN STEMPEL, REUTERS
If Warren Buffett is buying junk bonds, can other investors be far behind? Investors said the famed value investor's huge foray into the bonds of two troubled financial companies, Conseco Inc. and Finova Group Inc., could be just the tonic the beleaguered $681-billion junk bond market needs. "Warren Buffett is the quintessential smart money," said Richard Cryan, who helps manage $1 billion in junk bonds for Evergreen Funds in Boston.
BUSINESS
July 5, 2004 | From Bloomberg News
When Intel Corp. Chief Executive Craig Barrett is asked by his division managers for more resources, he calls them into a windowless conference room down the hall from his cubicle at the company's Santa Clara, Calif., headquarters. "It's like being summoned to the principal's office," said Tom Lacey, who has been through three such meetings in the six months since he was named to run the company's memory chip business. The unit had an 18% slump in sales in 2003.
BUSINESS
January 3, 2001 | From Reuters
Investors in the long-suffering junk bond sector have their fingers crossed this week, hoping an $850-million bond sale by No. 4 U.S. cable television company Charter Communications Inc. could give their market a helpful jolt. But even a successful sale by Charter, controlled by Microsoft Corp. co-founder Paul Allen, won't turn the junk market completely around after a disastrous year in 2000, investors said. The sale by two units of St.
BUSINESS
May 22, 1998 | From Times Wire Services
Stocks fell as the market, freshly reminded that the Asian backdrop is still grim, drew little solace from the resignation of Indonesian President Suharto after a week of deadly rioting in that country. The Dow Jones industrial average dropped 39.11 points to 9,132.37. An early 30-point gain briefly put the blue-chip barometer within 10 points of May 13's record close of 9,211.84.
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