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Managers Fared Better Than Their Funds
Pay remains robust for mutual-fund managers, relative to others on Wall Street.
WSJ.com

IBM seeks stimulus funds for broadband over phone lines
IBM wants federal stimulus money as part of its plan to bring Internet service to 200,000 rural Americans, the company says. (IBM) (PGN)
Bizjournals.com

Earl Scheib, Inc. to Be Acquired by Kelly Capital, LLC for $2.00 Per Share in Cash Merger (Business Wire)
SHERMAN OAKS, Calif.----Earl Scheib, Inc. announced today that it has entered into a definitive merger agreement pursuant to which Kelly Capital, LLC, a San Diego based private equity fund, will acquire all of the issued and outstanding shares of the common stock of Earl Scheib for $2.00 per share in cash.
yahoo.com

Two Wermuth Europe board members to quit
Lord Skidelsky, the historian and biographer of John Maynard Keynes, is planning to quit the board of a hedge fund that lost most of its value after investing in Russian assets
FT

Ohio approves $6M in affordable housing funds
The Ohio housing Finance Agency Board approved Wednesday more than $6 million to fund affordable housing in the state, $1 million of which will go to a Springfield project.
Bizjournals.com

FundWatch: Investors pump money into stock and bond mutual-funds in January
The mutual fund industry has had little to cheer about, but January's flow numbers offer a bright spot. investors put cash to work in all fund types -- stock, bond and money-market -- reflecting the first positive month for the industry since May.
Market Watch

AIG investors face a long wait and lower returns
Savers who moved money from AIG Life's Enhanced fund to its protected recovery fund are likely to see their returns greatly reduced
Financial Times

NB Split Corp. Announces Preferred Share Dividend
TORONTO, ONTARIO--(Marketwire - Feb. 18, 2009) - NB Split Corp. (the 'Company') (TSX:NBF)(TSX:NBF.PR.A) announces a dividend for the quarter-ending February 28, 2009 of $0.3886 per Preferred Share to be paid on March 13, 2009 to holders of record on February 27, 2009.The Board of Directors has determined that it will not declare a dividend on the Capital Shares for this quarter. The Board of Directors will review on a quarterly basis whether the Company will declare a dividend on the Capital Shares. Any excess of dividends received by the Company over that required to fund the Preferred Share distributions and operating expenses will be held in cash or cash equivalents by the Company.
Marketwire

IMF Chief warns of worse than expected 2009 - Boston Globe: Latest
The head of the International Monetary Fund says the world economy may perform even worse than his forecasters predicted only three weeks ago.
NewsRack

BoE looking to implement quantitative easing
In a bid to boost the economy and fight off the threat of deflation, the Bank of England is looking to start increasing the supply of money via a measure called quantitative easing.Quantitative easing is a process whereby the Treasury injects funds into the financial system to ease pressure on banks by giving them extra [...]
Finance Markets

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Archived "business - hedge fund" news stories.

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November 2009
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September 2009
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