SEC seeks funds disclosure of mutual fund tax bite
Washington AP reports Congress and the SEC propose disclosures on after tax fund returns. Tax bite averages about 2.5 percent of stock funds, varying by strategy. SEC votes 4-0 to seek public comment through June 30. proposals require tax-adjusted 1, 5, 10 year returns and separate seller stay-in scenarios. House Commerce panel backs final rule timing within 18 months. no Senate parallel. Institute supports the idea in principle. Bill H.R. 1089.
MENTIONED IN THIS ARTICLE
Washington
Congress
Securities and Exchange Commission
SEC
Norman Johnson
Arthur Levitt
Capitol Hill
House Commerce Committee
House
Senate
Investment Company Institute
Maurin to Serve on Angus Board in Louisiana
Billy Maurin of Hammond is named to the Louisiana Angus Association board of directors. Gainey’s Concrete Products of Holden earns three National Precast Concrete Association awards for its 1999 safety program including an improved safety record and a top safety newsletter. Central Progressive Insurance adds Bob Sigerson and Jim Mayfield, with duties in commercial property, casualty, life insurance, and investments. A patent agent will discuss invention ideas at Southeastern Louisiana University Small Business Development Center on March 31. Paris Parker Salon in Hammond named to Salon Today Top 200 for 1999 with strong growth. Neill Corp oversees salons in Hammond, Mandeville, LaPlace.
MENTIONED IN THIS ARTICLE
Maurin
Billy Maurin
Hammond
Louisiana Angus Association
National Precast Concrete Association
Gainey’s Concrete Products
Holden
Central Progressive Bancshares
Mayfield
Ponchatoula
Sigerson
Covington
Central Progressive Insurance
Northshore
Louisiana
Mississippi Gulf Coast
Fidelity
Southeastern Louisiana University
Small Business Development Center
Paris Parker Salon
Salon Today
Paris Parker
Paris
Parker Salon
Neill Corp
Mandeville
LaPlace
Neill.net
Cox expands Baton Rouge cable network in $2.7 billion deal
Cox Communications completed its $2.7 billion purchase of AT&T cable systems in Baton Rouge and other Louisiana cities. The deal adds a Baton Rouge centerpiece to Cox’s existing forts in New Orleans Lafayette and Lake Charles and follows AT&T’s 1999 Baton Rouge acquisition. Merrill Lynch advised Cox.
MENTIONED IN THIS ARTICLE
Cox
Atlanta
Baton Rouge
At&t
Tele-Communications Inc
Merrill Lynch & Co
CenturyTel buys stake in Indian Internet firm Dishnet DSL
CenturyTel Inc of Monroe agrees to a 6.67 percent equity stake in Dishnet DSL of Madras for 22.9 million dollars and gains a seat on the board. Dishnet serves ETH branded Internet access across India with 18 000 users in 16 cities at year end 1999 and plans expansion to over 44 cities by late Q1 2000.
MENTIONED IN THIS ARTICLE
Monroe
CenturyTel Inc
Madras
India
CenturyTel
Dishnet Dsl
ETH
Dishnet
Close High Low Albertsons
FDY
Bayou Steel Omx
DCX
BAX
BLS
Delta
Dillards
A.G. Edwards
Entergy
XON
Ford
IBM
Kmart
HBHC
McDonald's
JC Penney
Royal Dutch
Sanderson Farms
Sears
Super Valu
Tandy
Texaco
CAH
Walgreens
Wal-Mart
Wendy's
Winn-Dixie
A.G. Edwards, Inc
Also Mentioned on This Page
Gainey’s
CPB
Bob Sigerson
Jim Mayfield
All-New Central Progressive Insurance Co
W. Thomas Street
Richard “Dickie” Blossman Jr
Community Business Briefs
SBDC
Robert Montgomery
Karl Haley-Wheeler
Daily Star
W. Thomas St
Rick Davis
Gary Mutter
Cathy Mutter
Louis Tallo
Davis
Eames
David Steinwinder
REK All Star
Dina Boucher
We Mathern
Ey Henk
Ana Turner
LaMaire
DeMai
Atis Supply, Inc
Lumber & Supply, Inc
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