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As Energy Stocks Rise, Funds Hesitate Energy stocks are rebounding despite oil's recent plunge, but fund managers are waiting to see a recovery in global demand before buying. Wall Street JournalNew Star attracts potential bidders More than 10 potential bidders have expressed interest in New Star, the troubled fund management group that this month agreed a debt-for-equity swap with its banks TelegraphWall Street edges up on GMAC (Reuters) Stocks inched higher in thin volume on Friday as energy shares rose alongside oil and General Motors climbed after its financing arm qualified for government funds, helping it stave off potential bankruptcy. yahoo.comStock mutual funds crunched in 2008; only bear funds positive for year There was one safe bet that mutual fund investors could make in 2008: that the stock market was a place to lose a lot of money. USAtoday.comMutual funds show heavy losses for 2008 (AP) There was one safe bet that mutual fund investors could make in 2008 -- that the stock market was a place to lose a lot of money. yahoo.comGM shares rally after lending unit gets bank status General Motors shares jump after lending unit GMAC receives approval to become a bank holding company, opening the door to a much-needed pool of federal funds. Market WatchProShares follows suit big distributions on inverse fundsMr. Swing GMAC gains access to Treasury lifeline GMAC, the ailing consumer lender owned by General Motors and Cerberus, gained access to the US government's $700bn rescue fund for the financial industry this week after it won a bank charter from the Federal Reserve FT.comSigh of relief for fund managers Fund managers allowed themselves a sigh of relief this week when the UK's Investment Management Association said private investors had invested more than £1bn in retail funds in November FT.comMidas Fund, Inc. : Midas Fund Distribution Estimate NEW YORK, NY (MARKET WIRE) Midas Fund (NASDAQ: MIDSX) will be paying a year end distribution. The distribution is scheduled with a record date of December 30, 2008 and an ex-date and payable date of December 31, 2008. At this time, the distribution per outstanding share is as follows: Marketwire.com1 2 |
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