Word: stocke
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
Disney could use a hit; lately, the company has mostly been taking them. Profits are down, partly because of the slump in popularity of the post-Lion King animated features (and hence of the ancillary videos and merchandise). The company's stock is down too, losing 25% of its value in the past bull-market year. Costs have zoomed: a billion here for the Animal Kingdom theme park, $700 million there for a couple of cruise ships--eventually it adds up. And for months CEO Michael Eisner has been on the defensive in a suit brought by Jeffrey Katzenberg...
...such developments are nothing compared with what's taking shape in the mutual-fund industry. Coming your way: intraday fund pricing and active trading of stock funds similar to what goes on daily with individual stocks. Already, mighty Fidelity Investments prices its 38 industry funds and their $20 billion in assets every hour, though it discourages frequent trades by assessing redemption fees. Virtually all other funds are priced just once a day, at the market close. But stepping up to twice-a-day pricing, at the least, seems likely. And with today's computing power, minute-by-minute pricing...
There are plenty of issues that the fund industry must sort out, such as how day trading of stock funds would influence long-term investors. Rapid trading could force fund managers to keep more cash on hand, hurting long-term results. For that and other reasons, the fund industry hasn't embraced the notion. But neither did the stock exchanges embrace No-Doz hours--until day traders demanded time to pursue their addiction at home. And neither did Merrill Schwab and Charles Lynch expect to be so much alike that you might confuse their names. These things happened because individuals...
...choice. But the fund industry may have overdone it already with 6,343 U.S.-based stock funds. A fund, at its core, is about easy, one-stop diversification. Yet many investors might as well buy individual stocks for all the fund options they feel obliged to consider. Recognizing how complex the world has become, influential fund tracker Lipper Analytical Services will expand its stock-fund categories this autumn from eight to 14. It's not just that there are more and different kinds of funds. Many managers, seeking to beat the market, stray from their investment styles. Lipper...
With a book by Julius Epstein (co-writer of the film classic Casablanca), the show revolves around a group of Brooklyn single guys in 1929 who pool their money so that Gene, the most ambitious of their band, can make a killing in the stock market. Despite piquant parallels to our own market mania, the story is a pretty standard boy-meets-girl/boy-loses-money trifle. But it's a showcase for a fresh and winning Sondheim score, from the days when he wrote melodies meant to be enjoyed, not deciphered...