Word: cos
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...most fund companies, the idea of anonymous teams of managers investing funds is viewed as radical. Why? Star managers are money magnets. They get invited on TV; they lift a fund company's profile. Yet starless American Funds, part of Los Angeles--based Capital Group Cos., zoomed past star-centric Fidelity Investments this year in total managed assets through September--$738 billion for American Funds, $716 billion for Fidelity. The company is on track next year to topple kingpin Vanguard ($774 billion), which rode the popularity of index funds to surpass Fidelity in 2003. American Funds has quietly become home...
Executives of both companies expressed great delight last year when Capital Cities Communications (est. 1985 sales: $1 billion) agreed to buy the four-times-as-large American Broadcasting Cos. for $3.5 billion. Still, few experts were surprised last week when Fred Pierce, 52, resigned as ABC president only days after the merger officially took effect...
Delaware North Cos., which owns the arena, went through with the only logical solution: selling naming rights to the highest bidder...
...winning bid of $2,325 on Wednesday gave him the authority to name the arena on March 1, as corporate owner Delaware North Cos. continued to auction temporary naming rights and donate the proceeds to charity. Bank of America, based in Charlotte, N.C., opted not to renew the naming contract with the arena after it acquired FleetBoston Financial last year...
...Cos,” his nickname for Bill Cosby, Thompson is full of praise; he gushed about how surreal it was to work with his hero...