Brokerage firms fail women in money management report
Corporate Insight says major brokerages offer little retirement investing information for women. Only a few provide tailored resources. one third of 17 surveyed provided none. Senior analyst David Rosenberg notes the gap in materials on retirement planning. Other earnings include CarMax, Circuit City, and Commercial Metals Co.
MENTIONED IN THIS ARTICLE
Corporate Insight
David Rosenberg
CarMax Leva
KMX
Circuit City Stores Inc
Commercial Metals Co
CMC
Scandal tainted funds to pay investors across many firms
Mutual funds swept up in the 2003 04 trading scandal plan to mail more than 1.8 billion in damages to millions of shareholders. Regulators allege insiders tipped big investors, while fund firms overhaul governance to regain trust and attract inflows. Most investors get 10 to 200 dollars, PBHG averages 688.
MENTIONED IN THIS ARTICLE
Mom Ingstar
Hedge
Informaton
Morningstar
Karen Dolan
Janus
Dolan
Federated
Tom Territ
Federated Securities Corp
PBHG
GM faces cost cuts and losses in auto talks
Deutsche Bank analyst Rod Lache says GM could save about 2.8 billion annually by trimming retiree benefits, asset sales and stock issuance. Tadross notes GM profits lag Japanese rivals by 2000 per car, with 1500 of the gap not tied to current workers’ pay. He forecasts nearly 30 percent stock drop next year amid price cuts and fewer launches.
MENTIONED IN THIS ARTICLE
U.S
General Motors
Ford Spotight
United Auto Workers Union
Ronald Tadross
Bane of America Securities
Rod Lache
Deutche Bank
Tadross
Rates Drop as U.S. Housing Starts Fall in May
Treasury yields fell after the Commerce Department reported a drop in new home construction in May, reducing the likelihood of an upcoming interest rate hike. The weaker housing data signaled softer demand and potential cooling in the housing market, aiding bond prices and nudging investors toward caution on policy moves.
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Treasury
Commerce Department
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Cha. Chg
AGO
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Africa
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Market gains as yields ease lift Dow Jones by small margin
Stocks rallied modestly Tuesday as falling bond yields eased investor concerns about a slow housing market and slower corporate takeovers. The Dow Jones Industrial Average rose 22.44 points to 13,635.42 helped by a gain in General Electric, a Dow component.
MENTIONED IN THIS ARTICLE
Dow Jones
Dow
General Electric Co
FundFotus Adds AXA Rosenberg Subadviser
FundFotus, a low cost small cap fund, added its seventh subadviser AXA Rosenberg. The firm uses computer stock-picking based on earnings potential and discounts to fair value. Diversification reduces risk.
MENTIONED IN THIS ARTICLE
AXA Rosenberg
Downward Trend Seen in Home Construction in May
Ian Shepherdson of High Frequency Economics warns the decline in U S home construction continues with no near term relief seen as May figures show a further percent drop.
MENTIONED IN THIS ARTICLE
Ian Shepherdson
U.S
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