Word: mutuals
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...spread ever gets, and it means that investors today are promised a superior return with fully taxable preferreds. Among the best values out there, Merrill says, are the fully taxable preferreds of Comerica (yielding 7.44%), Torchmark (7.58%) and Virginia Electric & Power (7.26%). A handful of closed-end mutual funds invest in fully taxable preferreds, including the John Hancock preferred-income fund and three Quality Preferred Income funds launched this year by Nuveen Investments...
...result of reaching a mutual agreement in this case, the parties no longer contend that any party committed any wrongdoing...We are pleased that after working cooperatively, this matter has been resolved,” read a joint statement issued Monday by Peres and Realty Financial Partners...
...this isn't just a matter of dollars and cents. The freedom to travel safely and cheaply is one of the great blessings of our time--something that immeasurably expands the range of human experience. If we ever manage to build a world based on mutual respect and understanding between peoples, tourism will deserve much of the credit. That's particularly true for one class of traveler: backpackers--precisely the group targeted in the Bali attack. Few modern social developments are more significant and less appreciated than the rise of backpacker travel. The tens of thousands of young Australians, Germans...
...didn't help that long-simmering policy feuds between O'Neill and Lindsey--at bottom reflecting the mutual distrust between a corporate honcho and an intellectual--were getting increasingly personal. Lindsey was fingered for leaking damaging criticism of O'Neill and Hubbard. At strategy sessions with Bush, O'Neill frequently interrupted Lindsey to disagree with him. "There was no creative tension," says a senior aide, "just tension." After the bloodletting last week, staff members for each man blamed the other for their boss's misfortune. For a White House that prides itself on unity and order, it was an exceptional...
Johnson, who voted on Lott's side, now calls that vote "one of the biggest mistakes of my life." Over the years, as Johnson became a media executive, word would get back to him from time to time that Lott was repeating the tale to mutual acquaintances - to embarrass him, Johnson believes...