MLS reports fourth quarter layoffs across states and industries
The MLS tracks major layoffs of SO or more within five days, showing 203 462 newly unemployed. California led with 32 395 losses, Texas 5 733, with construction and nonmanufacturing sectors bearing heavy cuts. About three-fifths firms plan partial rehiring, reasons include season work contract completion and reorganization. Dr M Ray Perryman notes economy still adds jobs monthly.
MENTIONED IN THIS ARTICLE
MLS
California
Pennsylvania
Illinois
Wisconsin
Ohio
Texas
Magellan shake-up sparks questions about fund managers
Jeffrey N. Vinik quits as head of Fidelity Magellan after controversy and weak performance stirring investor concern. The piece urges full disclosure of fund managers’ pay, personal investments, and outside holdings, contrasting with corporate proxy rules. It notes Magellan’s impact on markets and questions about incentives behind riskier bets.
MENTIONED IN THIS ARTICLE
Jeffrey N. Vinik
Fidelity Magellan Fund
Magellan
Vinik
U.S. Treasuries
Bank Acre
Ing
Securities and Exchange Commission
Arthur Levitt
ICI
Micron
Fidelity
Sibling mutual funds bloom as investors grow portfolios
Growth in baby boom investments spawns sibling funds within families. Examples include Windsor I and II and Nicholas Fund and Nicholas II. Performance varies. siblings share names and philosophy but differ in assets, strategy, and risk. Investors should compare track records and consult independent sources before investing.
MENTIONED IN THIS ARTICLE
San Jose
Calif
Vanguard Windsor
Vanward Windsor II
Nicholas Fund
Nicholas
Babson
Enterprise II
Morningstar Mutual Funds
Bank fees hit summer travelers as ATM surcharges rise
Vacationers face ATM fees and other charges as banks expand surcharges after Visa Plus and Cirrus networks allowed noncustomer fees.Experts warn cash advances attract both transaction and interest costs, urging cautious use of cash and cards. Travelers may lean toward cash or traveler's checks to offset potential losses, with some costs waived for AA members.
MENTIONED IN THIS ARTICLE
New York
Robert K. Heady
Bank Rate Monitor
North Palm Beach, Fla
Visa
Mastercard Cirrus
Ruth Susswein
Bank Card Holders of America
Salem
Susswein
Virginia Stafford
American Bankers Association
Washington
Federal Reserve Board
Saar
Stafford
Stephen Brobeck
Consumer Federation of America
Automobile Association of America
Toby Usnik
American Express Co
Birthday Toast to the Dow Jones
A retrospective on the Dow Jones Industrial Average tracing its origins in a modest Manhattan office to its status as a universal market gauge. It notes the 12 stock basis, later 30, the index’s creators, ongoing substitutions, and the rise of competing indexes, with references to notable companies and milestones.
MENTIONED IN THIS ARTICLE
Dow Jones
World of Finance
Lower Manhattan
Charles Dow
Edward Jones
William LeFevre
Wall Street
Dow
Standard & Poor's Corp
New York Stock Exchange
National Association of Securities Dealers
New York
Michael O'Higgins
American Tobacco
General Electric
National Lead
North American
Tennessee Coal and Iron
U.S
Wall Street Journal
Navistar
Primerica
USX
Caterpillar
J.P. Morgan Co
Walt Disney
IBM
Dow Jones and Co
Japan
Great Britain
France
Germany
Hong Kong
Also Mentioned on This Page
Bureau of Labor Statistics
Bureau of
Lone Star State
Nated
M. Ray Perryman
Perryman Group
Edwin L. Cox
Fun
Federal Reserve
Com
Dow. T
Law
SEC
John Collins
Pecan
Investment Compa Institute
Pma3 Group
The
Boston Herald
Investment Company Institute
Philadelphia Inquirer, Knight-Ridder Tribune
Siblin Mutual Funds
Nicholas II
Windsors
Indsor II
Windsor I
Windsor
FDIC
John Arrick
11Th St
Odessa
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