Funds reopen to new investors after market rally
A Wall Street storm since mid 1998 has led several mutual funds to reopen to new investors. Longleaf Partners Fund Third Avenue Value Fund Merger Fund and John Hancock Regional Bank Fund announced reopenings as market opportunities emerged. Managers warn of potential drift as asset inflows resume. cautious investors and existing shareholders weigh the implications of renewed access.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Longleaf Partners Fund
Third Avenue Value Fund
Merger Fund
John Hancock Regional Bank Fund
Martin Whitman
James Schmidt
Hancock Regional Bank Fund
Longleaf Partners
Comanager
Mason Hawkins
Industry fights foreign steel imports to save Lorain plant
USS Kobe Steel Co in Lorain battles a surge of foreign imports seen as dumping. Executives push for trade action as 2,700 workers face cutbacks, with 40 percent production drop in five months. Labor officials pledge prompt federal steps amid broad industry fears of rising imports and price-cutting.
MENTIONED IN THIS ARTICLE
Chronicle
USS/Kobe Steel Co
28Th Street
Lorain
U.S
Alexis Herman
Lorain Steel
Clinton
USS/ Kobe
USS/Kobe
George Manos
USS
Kobe
Manos
Ohio Steel Council
LTV Corp
Cleveland
USS/Kede Steel Co
America
Commerce Department
American Iron and Steel Institute
Charlene Barshefsky
Steel imports squeeze U S steel industry in crisis
Eastern Ohio WCI Steel cut 200 jobs while U S Steel laid off about 100 in Pennsylvania. Geneva Steel fired 270 and laid off 335 in Utah. Acme Steel seeks bankruptcy protection in Illinois and Laclede Steel may close a mill. Industry groups and unions urge swift action as imports surge 78 percent year over year.
Visa seeks to guard brand amid anti trust case
New CEO Malcolm Williamson vows to keep the Visa name prominent as the firm faces a DOJ anti trust suit with MasterCard over alleged market limits. Williamson, British born, previously led Standard Chartered and Barclays, and notes Visa's global dominance amid bank consolidation and growing monoline issuers.
MENTIONED IN THIS ARTICLE
Visa
New York
Pan Am
Malcolm Williamson
Visa International
Pan American World Airways
Metropolitan Life Insurance Co
Williamson
International
Foster City
Calif
Edmund P. Jensen
U.S. Justice Department
MasterCard
Carl Pascarella
Visa USA
Ises
Standard Chartered PLC
London
Barclays Bank
British Post Office
Girobank
United States
American Express
Discover
Britain
Visa’ Si
U.S
Robert K. Hammer
Thousand Oaks
Citicorp
Citibank
Also Mentioned on This Page
Steel
Washington
Metal Bulletin
George
U.S. House of Representatives
Executive Branch
One Steel Company
Ohio
Japan
Russia
Brazil
International Trade Commission
United Steelworkers Union
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