Missing minus sign caused $2.6 billion Magellan fund error
Fidelity Investments says a tax accountant omitted a minus on a net capital loss turning a $1.3 billion loss into gain and led to no year end share distribution of $4.32. J. Gary Burkhead notes the error was clerical, not affecting fund performance or NAV, and future estimates will undergo stricter verification.
MENTIONED IN THIS ARTICLE
Boston
Fidelity Investments
Magellan
J. Gary Burkhead
Burkhead
Fied
Cold weather creates flight delays in West Texas
Cold temperatures and dense fog blanket the Permian Basin causing airline delays and cancellations. Odessa Midland area reports light snow flurries and drizzle with highs near 31 degrees and lows in the upper 20s. A 40 percent chance of snow is forecast.
MENTIONED IN THIS ARTICLE
Permian Basin
West Odessa
Odessa-Midland
National Weather Service
Weather Service
Odessa-Midland Area
New day dawns as Republicans rule Capitol Hill
Congress opens under GOP control for first time in four decades with Senate Leader Bob Dole and Speaker Newt Gingrich signaling a sweeping agenda. Dole vows real cuts in spending to fund tax cuts while Gingrich pushes reforms from taxes to welfare.
MENTIONED IN THIS ARTICLE
Washington
Capitol
Congress
Senate
Bob Dole
Newt Gingrich
House
Gingrich
America
GOP
Georgia
Newt
Dole
Amtrak
GOP contract a high priority for Congressmen
On the opening day of the 104th Congress two Texas Republicans pledge to reinvent government. Henry Bonilla aims to reduce regulation hurting small business and curb property encroachment while Larry Combest says Congress will act responsibly and swiftly.
MENTIONED IN THIS ARTICLE
Texas
Republican House
Henry Bonilla
San Antonio
Bonilla
Larry Combest
Lubbock
Congress
Oil Drilling at Windsor Castle Sparks Debate
Canadian oilman Desmond H. Oswald seeks to drill a test well beneath Windsor Castle after receiving permission from authorities and Queen Elizabeth II. Local officials fear blowouts and heritage damage while Oswald touts potential finds of 50 to 100 million barrels worth up to 1.6 billion dollars.
MENTIONED IN THIS ARTICLE
Reading
England
Windsor Castle
Desmond H. Oswald
Ission
Oswald
Berkshire
Castle
Regal Enone
North Sea
OPEC
Plane crash kills Mexican maestro
Eduardo Mata, longtime music director of the Dallas Symphony Orchestra, dies in a private plane crash near Mexico City. Mata, at the controls, was en route to Monterrey with his girlfriend Marina Anaya. Authorities cited a morning takeoff and a flight plan as the documented sequence of events.
MENTIONED IN THIS ARTICLE
Dallas
Eduardo Mata
Dallas Symphony Orchestra
Mexico
Mexico City
Mata
Marina Anaya
New York
Shirley Kirshbaum
Inside The Q A Today Chance Of Snow
Ken Broadnax muses on penny pinching habits of some people in a light Q A feature. A brief glance at daily life and small quirks highlights common thrift tendencies.
MENTIONED IN THIS ARTICLE
Ken Broadnax
Also Mentioned on This Page
The
Odessa
John Faught
West
Capitol Hill
By Sarah Westbrook
Clinton
Blue Blood’s
Elizabeth
Canuk Exploration Lt
Chevron Corp
Q.A
Editorial
Chicago
Board of Education
John Munday
Chicago Public Schools Law Department
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