| JPMorgan to add as many as 100 workers in Boston
JPMorgan Chase & Co. said it plans to add up to 100 people to its mutual fund services division in Boston and move the unit to new space downtown. The financial services giant said it has hired more than 150 for the Boston group since last year, which now numbers 450 and provides custody, accounting, and investment operations for US mutual fund companies. The company also said it has leased new space at 1 Beacon St., owned by Beacon Capital Partners, and will move from 73 Tremont St., owned by Suffolk University. (Ross Kerber) .
Charles Schwab Announces Addition Of 2050 Target-Date Fund for ...
SAN FRANCISCO, -- Charles Schwab has added a 2050 fund to its suite of target-date retirement funds. The Schwab Managed Retirement Trust Funds(TM) are collective trust funds designed specifically for retirement plan participants and managed by The Charles Schwab Trust Company (CSTC). The funds are tied to target retirement dates 2010, 2020, 2030, 2040, and now, 2050. A sixth fund, the Schwab Managed Retirement Trust Fund - Income, is designed to provide income during retirement. "Target-date retirement funds fulfill a key role in helping individuals get to and through a comfortable retirement because they are easy to use, diversified and provide ready-made asset allocation," said Jim McCool, executive vice president of Schwab Corporate & Retirement Services. "More than 60 percent of our retirement plan clients offer target-date funds to their employees, and that number continues to grow.
Tug of war over economy's direction
Investors who enjoyed a pleasant seven-month ride of gradually rising stock prices got a wake-up call in late February, when the market abruptly stalled.
Now, the signs point to economic slowing and spreading problems in housing and consumer debt, which could foreshadow tough slogging for stocks further into spring and perhaps summer. .
CFO of beleaguered video game maker Take-Two resigns after ...
The chief financial officer of beleaguered video game publisher Take-Two Interactive Software Inc. announced his resignation Monday, less than two weeks after a shareholder revolt that ousted the CEO and several board members. CFO Karl Winters' resignation took Buy Visual FX footage elements HERE! -- ON SALE NOW .
IRIS Senior Management Presents Long Range Growth Plan to Analysts ...
CHATSWORTH, Calif. & NEW YORK--(BUSINESS WIRE)--IRIS INTERNATIONAL, INC. (NASDAQ: IRIS) President and Chief Executive Officer César Garcia, along with Chief Technology Officer Dr. Thomas H. Adams and Iris Diagnostics President Thomas Warekois, told analysts and other select members of the investment community at a luncheon meeting today in New York that the Company has initiated and is actively engaged in the execution of its five-year plan, encompassing new platform technologies and strategic initiatives designed to complement its already established and growing core urinalysis business, with release of new products that will result in a minimum tripling of revenues in five years. "IRIS is leveraging its core competencies of morphology analysis, chemistry, and ultra-sensitive protein detection," Mr.
Assn: Afores see equity investments hindered by few listings
The relatively small number of companies listed on the Mexican stock exchange (BMV) hinders local pension fund managers, the Afores, from investing freely in the stock market, industry association Amafore CEO Alfredo Reynoso told BNamericas. .
Auditor Drops Two Subprime Lenders
Grant Thorton LLP, an independent registered public accounting firm, has resigned as auditor for two subprime lenders. In press statements, Fremont Investment & Loan, a subsidiary of Fremont General Corp., and San Diego, California-based Accredited Home Lenders Holding Co., confirmed that Grant Thorton announced its intention to resign as auditor for both companies.In response, Fremont said, "Grant Thorton has taken the position, in light of the company's current operating environment and the industry in which it operates, that they needed to expand significantly the scope of their audit. Grant Thorton had asked for additional information in connection with its audit beginning in the latter part of February and stated at that time that it needed to perform additional procedures and testing in connection with completing its audit.
Luxury Real Estate Markets - How Risky?
We are asked a lot about whether any softening of the second home market will impact fractional real estate alternatives, such as destination clubs and private residence clubs. It depends. As you might expect, there are two ways to think about it. A softening of prices could hurt the fractional players - reducing the market value of their homes (for destination clubs) or hurting the sale of new fractions (no fun being an owner in a PRC that is half-sold, perhaps half-built). The other side of the coin is that when the market softens, it's a great time to be fractional owner or destination club owner. As an owner/member you have not committed all your capital to one home in one market - perhaps making downturns more tolerable. The April issue of Worth magazine has a well-researched story about luxury real estate and its current health relative to other markets [no link available since the story is not online - duh].
Capital Group Turns "Full Motion Video" Lens On Travel Industry
NSCP Travel Group guides travel industry companies through the corporate financing process from start to finish -- offering a full range of financial and business development services. Denver, CO (PRWEB) April 3, 2007 -- For travel companies looking to kick growth efforts into high gear, there's a new game in town. NorthStar Capital Partners Travel Group offers investment banking and business advisory services to take middle-market travel companies every step of the way -- from gaining marketplace traction and viability to closing the deal. Unlike a traditional investment bank, which focuses on a snap-shot view of its clients at a single point in time, NorthStar delivers a "full motion video" approach, not only through expert advice, but also through execution of long-term growth strategies.
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