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28 Mar 2005 07:26 PM
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Improper-sales claims settled at $81 million:
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The settlement of improper mutual-fund sales practices allegation cost three brokerage firms and a mutual-fund company $81 million.
These settlements are the latest in a string of cases originating from broad investigations led by the Securities
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28 Mar 2005 03:19 PM
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SEC education fund chairman is to resign:
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The chairman and several directors accused of supervising an investor-education fund overseen by the Securities and Exchange Commission have disclosed they plan to resign, according to people familiar with the matter.
The
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28 Mar 2005 03:05 PM
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MARKET SNAPSHOT: TREASURIES, EQUITIES, DOLLAR:
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The Dow Jones Industrial advanced 80.91 points, or 0.77%, to 10,523.78. The Nasdaq Composite rose 10.07 points
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28 Mar 2005 02:58 PM
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S&P CUT ITS CREDIT RATING FOR SEARS TO THE HIGHEST "JUNK RATING":
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STANDARD&POOR'S CUT ITS CREDIT RATING FOR SEARS, ROEBUCK & CO. TO "BB+" FROM "BBB-"
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28 Mar 2005 01:16 PM
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Tsutsumi is accused of insider trading:
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Yoshiaki Tsutsumi, a billionaire and former chairman of Japan’s Seibu Railway Co., was accused of falsifying financial statements and insider trading, according to Tokyo’s public prosecutor.
Seibu
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28 Mar 2005 08:11 AM
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PRUDENTIAL EQUITY CUT POLO RALPH LAUREN TO "NEUTRAL WEIGHT":
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PRUDENTIAL EQUITY CUT POLO RALPH LAUREN TO "NEUTRAL WEIGHT" FROM "OVERWEIGHT"
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28 Mar 2005 07:43 AM
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CSFB RAISED AMERITRADE HOLDING TO "OUTPERFORM":
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CSFB RAISED AMERITRADE HOLDING TO "OUTPERFORM" FROM "NEUTRAL"
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28 Mar 2005 07:29 AM
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UBS CUT GM TO "REDUCE":
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UBS CUT GM TO "REDUCE" FROM "NEUTRAL"
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28 Mar 2005 07:28 AM
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CSFB RAISED CHECK POINT SOFTWARE TO "NEUTRAL":
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CSFB RAISED CHECK POINT SOFTWARE TO "NEUTRAL" FROM "UNDERPERFORM"
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28 Mar 2005 07:06 AM
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US stocks decline on rate hike:
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The US stocks face a second decline in three quarters after last week’s rate hike and higher oil prices with the possibility for the economy to grow slower than estimated.
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28 Mar 2005 06:25 AM
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PRUDENTIAL EQUITY CUT LUCENT TECHNOLOGIES TO "NEUTRAL WEIGHT":
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PRUDENTIAL EQUITY CUT LUCENT TECHNOLOGIES TO "NEUTRAL WEIGHT"
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28 Mar 2005 02:31 AM
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MARKET SNAPSHOT: JAPANESE EQUITIES, DOLLAR:
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Advantest rallied 3.46% to 8380 yen, Canon was up 0.36% to 5610 yen. NEC rocketed 2.68% to 652 yen. Sony fell 0.23% to 4390 yen.
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26 Mar 2005 08:44 AM
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Swap options turn to be very attractive:
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Trading in credit “swaptions” – options to buy or sell credit default swaps – has increased over the past year since hedge funds and other investors use them for short-term speculation.
According to a report by Fitch Ratings, the investment rating agency, they are given preference due to the fact that
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25 Mar 2005 06:41 PM
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Fallen angels are more susceptible to default:
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"Fallen angels", or companies whose credit rating falls to junk status, are more likely to default, and in a shorter time period, than other companies.
According to Standard & Poor’s, top ratings agency, fallen angels are almost twice as likely to default as companies which have always been placed at speculative, or junk, status.
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25 Mar 2005 06:02 PM
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Asian derivatives are unsurpassed:
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Achieving record trading volumes, some Asian exchanges left behind US and European derivatives exchanges.
Last year, the Taiwan Futures Exchange faced year-on-year trading volume rising by 103 per cent, a performance which is unsurpassed this year.
The
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