The after-hours party is picking up steam. PaineWebber will launch its after-hours trading service first quarter in 2000. And on its heels is Merrill Lynch, which also plans to join in what Salomon Smith Barney started in October.The details of...
Capital Research and Management's American Funds Group might offer class B shares. The $275 billion investment company, which offers 29 mutual funds, has asked shareholders to allow the new share class on seven of its more tenured funds."The...
All U.S. stocks could be priced in decimals in less than a year, according to an industry proposal.Under an SIA steering committee plan, a select group of stocks will begin trading next July with minimum quote increments of 5 cents. By October...
Stephen Gierl and James Wallisch, who operate a Raymond James Financial Services office in Pittsburgh, have always believed in serving their community. But two years ago, the team devised a program to put its money where its mouth is.Named Invest...
Nearly half of all U.S. households own equities, up from about 19 percent in 1983, according to an October survey by the Investment Company Institute and the SIA.Of the 48.2 percent of equity-owning households, 47 percent own only stock mutual...
America and Great Britain, as the old saying goes, are separated by an ocean and a common language. Add to that another difference--the way people in each country handle their money.In the United States, dollars earmarked for the proverbial rainy...
Charities are big business in America. Community foundations alone had assets of more than $21 billion in 1997, a 24 percent increase from the previous year, according to the Columbus Foundation. And Americans also held more than $60.5 billion in...
In mid-August, Prudential Securities became the second major retail firm to let some of its clients view a list of the firm's upcoming IPOs on the Web, complete with downloadable prospectuses. The firm also provides an e-mail link on the IPO page...
An accountants' group has asked Merrill Lynch to stop using the CFM designation.The Montvale, N.J.-based Institute of Management Accountants (IMA) claims it owns rights to the CFM mark, and is threatening legal action if Merrill continues to use...
Salomon Smith Barney clients don't seem enamored with after-hours trading.About a month into the program, clients have placed "only a handful of trades each day," a firm spokesperson says.Most late-trading clients are on the West Coast, and most...
