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18 Feb 2004 09:43 AM
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U.S. Trade Gap Widens More Than Expected:
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The U.S. trade deficit widened nearly 11 percent in December, as strong U.S. economic growth sucked in record imports and exports inched lower despite a weaker dollar, a government report showed on Friday...
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18 Feb 2004 09:43 AM
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Dollar Steadies versus Euro:
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The dollar steadied on Monday after it fell within a whisker of record lows versus the euro during the previous session...
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18 Feb 2004 09:43 AM
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Actively Managed Funds can be Costly:
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Although most mutual funds saw double-digit gains last year, only 18 percent of actively managed large-cap funds outperformed the Standard & Poor's 500 index, Wall Street's most widely watched benchmark...
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13 Feb 2004 02:53 PM
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Americans Pour Money into Stock Funds in Near Record Amounts:
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Americans poured a near record amount into stock mutual funds in January, suggesting that last year's rebound from a three-year rout had restored investors' confidence in stocks...
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13 Feb 2004 02:53 PM
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Bond Swap by Fidelity Helps Revlon Cut Its Debt:
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Ronald O. Perelman, the financier and majority owner of Revlon Inc., has struck a deal with Fidelity Management and Research, a large mutual fund company, to help cut his company's $1.9 billion debt almost in half by swapping bonds for company shares...
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13 Feb 2004 02:53 PM
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Dollar Still Sickly, Markets Await Growth Data:
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The dollar edged down and stock and bond markets in Europe trod water on Friday ahead of data that will give a snapshot of the U.S. and euro zone economies, while markets continued digesting firm signs that U.S. rates are on hold...
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12 Feb 2004 04:07 PM
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Money-Market Funds Show Net $7.97 Billion Inflow for Week:
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Investors put a net $7.97 billion into money-market funds in the week ended Tuesday, bringing total net assets to $2.004 trillion, according to the Money Fund Report newsletter, published by iMoneyNet Inc...
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12 Feb 2004 03:19 PM
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Oil Prices Dropped Lower:
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Oil prices dropped lower on Thursday as doubts the OPEC oil cartel would be able to bring its quota under control overcame concerns about falling U.S. oil supplies...
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12 Feb 2004 03:07 PM
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Dow Hits 32-Month High on Greenspan Talk:
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Blue-chip stocks closed at a 32-month high on Wednesday after Federal Reserve Chairman Alan Greenspan said the U.S. economy was growing vigorously but reassured investors that no interest rate hike is imminent...
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11 Feb 2004 06:13 PM
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MFS pays $225 million to settle charges:
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MFS Investment Management, the oldest U.S. mutual fund company, agreed to pay $225 million to settle Securities and Exchange Commission charges involving trading in its fund’s shares...
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11 Feb 2004 06:13 PM
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Security Exchange Commission aims for clear reporting of fees:
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Changes are anticipated as to how mutual-fund investors pay for some fund shares...
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11 Feb 2004 06:13 PM
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Stocks end up as investors are awaiting Greenspan’s testimony on Wednesday:
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U.S. stocks rose on Tuesday as investors anticipated positive comments on the economy from Federal Reserve Chairman Alan Greenspan in testimony on Wednesday...
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03 Feb 2004 03:48 PM
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Nikkei Ends Down on Profit Grab:
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Japan's Nikkei average closed two percent lower on Tuesday display information
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