Word: mutualize
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...adds up to big changes in an industry prone to speculative excess. Investors still shouldn't touch these stocks outside a mutual fund or without diversifying across at least five companies. Given the sharp run-up this year, Weisbrod's hedge fund has cut its biotech holdings a third, and six top executives at Genentech recently sold $36 million of the stock. The relatively stodgy feel of the Biogen-IDEC deal has still other growth investors running for the hills. It's all part of growing up--and part of Mullen's plan. --With reporting by Eric Roston/Washington and Unmesh...
...disgust that most physicians feel for the medical-malpractice tort system has to do with more than money [BUSINESS, June 9]. When a doctor is forced to regard every patient as a potential courtroom adversary as well as a human being in need, the mutual trust inherent in the physician-patient relationship is severely damaged. Working 10-to-12-hour days (plus nights and weekends on call) and constantly making life-and-death decisions are stressful enough without having to worry about lawsuits. It is easy to understand why many of my colleagues have thrown in the towel. The next...
...wealthier than the Queen of England. Her personal life has picked up too. She has bought multimillion-dollar houses in London, Edinburgh and the Scottish hills near Perth. And at the end of 2001, Rowling, 37, married Neil Murray, 31, a steady, brainy anesthetist she had met through a mutual friend. Last March they had a son David, who joins Jessica, 11, the daughter from her brief first marriage. Rowling has admitted that--no surprise--Harry is her favorite boy's name, but she wisely avoided saddling her son with that lifelong invitation to teasing...
...Guardian Life Insurance Co. of America, has introduced a new program called Retirement Protection Plus, which allows an individual disability policy to cover not only the employee's contributions to a defined-contribution plan but also the employer's matching contribution if the worker becomes totally disabled. Massachusetts Mutual Life Insurance Co., which provides a stand-alone policy, also offers the option of attaching to its individual disability policies a rider that would pay the employee's plan contributions plus the employer's match. [This year's limit for 401(k) contributions is $12,000; self-employed workers or small...
...admired--you have a better shot now at investing ahead of the pack. And here's the bonus: we're in the rising phase of the economic cycle for small companies. So if you're not a stock picker, just put some cash in a small-cap-stock mutual fund, and let the tide lift...