Investment News articles from May 2006

Investment News archives from May 2006

Wealth can't buy sex appeal.(Short Interests)
May 1, 2006... Byline: Gary S. Mogel NEW YORK - Many of the wealthiest men in the world also are considered the least sexy. The list of the 100 "unsexiest'' men, compiled last month by the staff of the Boston Phoenix newspaper, is littered with rich...

Hancock fund looks for 'misunderstood' companies.(Street Wise)
May 1, 2006... Byline: Jeff Benjamin Some might argue that the John Hancock Small Cap Intrinsic Value Fund (JHIAX) arrived a bit late to the game when it was launched in February 2005. Smaller-company stocks, as measured by the Russell 2000 Index,...

Next up for advisers is porting alpha.(Monday Morning)
May 1, 2006... Byline: Mike Clowes The concept of portable alpha has been a hot topic in the institutional world for about the past three years, and now it is seeping into the individual-investment world. Does portable alpha have any relevance to the...

Hurricanes can boost stocks of P&C insurers; Dumping of shares pre-storm not advised.(News)
May 1, 2006... Byline: Gary S. Mogel NEW YORK - Hurricane season starts June 1, but the best advice for worried clients who own substantial amounts of shares in property insurance companies is to stay put, industry observers say. "When storms start...

New SunTrust Banks unit targets big-league athletes; Close-knit, competitive market seen as tough to crack.(News)
May 1, 2006... Byline: Charles Paikert NEW YORK - SunTrust Banks Inc. is hoping to score as a financial adviser to professional athletes beyond those who drive race cars. But competitors and sports industry observers say the Atlanta-based banking company...

Social fund investing seen on the rise; But growth of funds is limited, some financial advisers say.(News)
May 1, 2006... Byline: David Hoffman NEW YORK - The number of socially conscious mutual funds is growing as more investors become interested in such investments. At the end of March, there were 109 funds, with $43.34 billion in assets, classified by...

VA sales are up, but flows are down; Many investors switch to ETFs and SMAs.(News)
May 1, 2006... Byline: Gary S. Mogel NEW YORK - Variable annuities increasingly are being exchanged for other VAs with more and better guarantees, though less new money has been coming in. A significant amount of client assets that used to go into...

Lawmakers call for windfall tax on oil companies.(Tax Watch)
May 1, 2006... Byline: Mark E. Battersby As the price of gasoline continues to skyrocket, congressional lawmakers called for a tax on the windfall profits of the big oil companies. Overlooked is that corporate profits are taxed at both the state and...

Piper reps love UBS retention deal; But they maintain wait-and-see mode.(News)
May 1, 2006... Byline: Dan Jamieson NEW YORK - Piper Jaffray brokers are salivating over a retention package offered to them last month by UBS Financial Services Inc. in New York. Piper representatives also like what they have been hearing from...

One on One With Bob Cassato of John Hancock Financial Services Inc.(One on One)
May 1, 2006... Byline: Gary S. Mogel Variable annuities conjure up thoughts of hard-charging, take-no-prisoners marketing. But Bob Cassato, 55, executive vice president of distribution for John Hancock Financial Services Inc. in Boston, brings...

Pottruck helps shake up normally staid Tiburon parley.(Conference Call)
May 1, 2006... Byline: Brooke Southall SAN FRANCISCO - The Tiburon CEO Summit usually relies on Charles "Chip'' Roame's powers of instigation to cut through the corporate correctness of his buttoned-down patrons at the semiannual corporate retreat. ...

SOX offers a remedy to restore trust.(Editorial)
May 1, 2006... Remember when your mother made you take medicine that tasted awful? At first, it was a horrible experience, but over time, you realized that it actually was good for you. The same argument can be made for ensuring corporate controls. These...

Cox: Better fund disclosure is SEC's 'central focus'; `Plain-English' initiative, interactive financial data also high on the list.(News)
May 1, 2006... Byline: Sara Hansard WASHINGTON - Improving mutual fund disclosure is the Securities and Exchange Commission's "central focus,'' Chairman Christopher Cox told the Senate Banking Committee on April 25. "For retail customers, mutual...

IRS to disclose retirement regulations; 403(b) rule changes may force schools to rely on fewer vendors.(News)
May 1, 2006... Byline: Lisa Shidler CHICAGO - The Internal Revenue Service is expected to unveil by the summer finalized regulations that would change how 403(b) plans are operated and could reduce the number of vendors on which school districts rely....

Wal-Mart heirs behind effort to bury death tax?(Short Interests)
May 1, 2006... Byline: Lisa Shidler CHICAGO - Eighteen families worth a total of $185.5 billion are financing an effort to repeal the estate tax, according to a new report. The research showed that these families stand to snare a total of $71.6...

Social funds get short shrift from advisers.(Short Interests)
May 1, 2006... Byline: Sara Hansard WASHINGTON - Citizens Advisers Inc., the investment manager for the Citizens Funds socially conscious mutual funds, last week released a survey that it said shows that registered investment advisers continue to be...

Rydex training focuses on alternative investing.(Short Interests)
May 1, 2006... Byline: Jeff Benjamin DETROIT - Rydex Investments is laying out the welcome mat for financial advisers in the form of an educational program geared toward the use of alternative-investment strategies. Last Thursday, the Rockville, Md.,...

As oil prices rise, advisers seek safer energy plays.(News)
May 1, 2006... Byline: Aaron Siegel NEW YORK - As the price of crude oil continues to surge, many advisers are betting on energy as an investment to offset what is being spent at the pump. One new play is the U.S. Oil Fund LP (USO), an exchange...

Wirehouses' fee-based biz is enjoying torrid growth; How such revenue is defined varies by firm, however.(News)
May 1, 2006... Byline: Dan Jamieson IRVINE, Calif. - Business is good on Wall Street, and fee-based business is even better. Fee-based revenue is enjoying torrid growth, while commission revenue continues to wane. Even A.G. Edwards & Sons Inc....

At the Bell; Morningstar unveils retirement website.(Late News)
May 1, 2006... Morningstar Inc. of Chicago said today that it has created the Retirement Income Education Center, a website that offers retirement income content and tools for financial advisers to use with their clients. The center includes articles and...

Putnam provides online personality test of financial maturity.(Short Interests)
May 1, 2006... Byline: Aaron Siegel NEW YORK - Putnam Investments LLC has released a personality test that focuses on financial maturity. The Boston-based firm formulated a 15-question survey that breaks down how people feel about risk, investing...

Bernanke cool toward another rate increase.(Reverse Spin)
May 1, 2006... Byline: Frederick P. Gabriel Jr. Could this mean that the Federal Reserve Board could lighten up finally on its nearly two-year campaign to boost interest rates? Maybe. Fed Chairman Ben Bernanke told Congress on Thursday that the...

Closing Quote.(Quotes)
May 1, 2006... "Anytime I see an arbitration clause, I'm looking for ways to invalidate it.'' Attorney Lawrence Padway, discussing his client's $1.8 million federal court case victory against GunnAllen Financial Inc. Page 31

Advisers offering more mortgages; Some see it as a `relationship opportunity'.(News)
May 1, 2006... Byline: Gary S. Mogel NEW YORK - Financial advisers are starting to offer more mortgages to clients, as online banks that specialize in marketing their services through advisers expand their offerings. EverBank Financial Corp. in...

Boilerplate pact foils GunnAllen; But $1.8M award by federal court jury might be overturned.(News)
May 1, 2006... Byline: Bruce Kelly NEW YORK - In a legal blunder, GunnAllen Financial Inc. of Tampa, Fla., last month lost a $1.8 million federal court case that most likely never had to go to trial. Judges and juries almost never hear securities...

For retail SMAs, a marginal existence; Closed after funds but ahead of institutional accounts.(News)
May 1, 2006... Byline: Jeff Benjamin DETROIT - When money managers need to reduce the flow of new assets into a popular strategy, the mutual fund investor typically is the first to be cut off, followed by investors in separately managed accounts -...

When small-cap funds get too big to handle; Spike in closures attributed to closer scrutiny.(News)
May 1, 2006... Byline: Frederick P. Gabriel Jr. BOSTON - With investors pouring record amounts of cash into stock mutual funds, more funds are closing their doors to avoid becoming too unwieldy. Some 37 mutual funds were closed to new investors...

AIG arm is sued for selling 'shelf space' programs; Brokers gave clients recommendations with bias, suit claims.(News)
May 1, 2006... Byline: Bruce Kelly NEW YORK - In what could become a first, an independent-contractor-brokerage network faces a class action over revenue-sharing, or "shelf space,'' programs. Those filing a lawsuit last month in U.S. District Court...

Funds' grip on advisers loosens as ETFs gain; `Closet indexers' need to change ways.(News)
May 1, 2006... Byline: David Hoffman NEW YORK - Mutual funds still are the dominant investment product used by financial advisers, but that dominance isn't quite as overwhelming as it once was. Of 821 advisory firms polled last year by the Financial...

Fund winning its bet on China's consumer.(Short Interests)
May 1, 2006... Byline: David Hoffman NEW YORK - An investment philosophy held by some financial advisers contends that it is foolish to own any fund at the very top of its category because it eventually will fall to the bottom. The $200 million...

Alternatives still popular among affluent; Wealthy investing overseas as well, survey finds.(News)
May 1, 2006... Byline: Charles Paikert NEW YORK - Wealthy investors continue to rely heavily on alternative investments, though they also are turning increasingly to international investments, according to a recent survey from the Institute for Private...

Fidelity passes Merrill Lynch in assets; But totals don't add up versus rivals, some observers say.(News)
May 1, 2006... Byline: Brooke Southall NEW YORK - The brokerage division of Fidelity Investments has passed Merrill Lynch & Co. Inc. as king of client assets in the United States. The assets of the Fidelity Brokerage Co. of Boston soared 27% to $1.5...

New proxy ammo: Citing risks to stock price; Activists gain clout by focusing on the perils of poor disclosure.(News)
May 1, 2006... Byline: Sara Hansard WASHINGTON - Shareholder activists have a new trick up their sleeves for getting public companies to agree to their demands. By highlighting the potential damage to a company's stock as a result of poor disclosure...

Calendar.(Calendar/Datebook)
May 1, 2006... May 4 - The Real Estate Markets Gala, The Executive Forum. The Harmonie Club, New York. (212)812-4469 or execforum.net. 4-7 - FPA Retreat 2006, FPA Business Solutions. DoubleTree Paradise Valley Resort, Scottsdale, Ariz....

Expenses an unseen drag on a fund's performance.(The Markets)
May 1, 2006... Byline: Tom Roseen, Lipper senior research analyst Expenses are a stealthy drag on fund performance, because they are not explicitly billed; rather, they are reflected in the fund's net asset value. Differing load structures have a...

Lifting the veil on expenses for fixed-income portfolios.(The Markets)
May 8, 2006... Byline: Tom Roseen, Lipper senior research analyst Declines in total expense ratios have been the buzz lately, but it pays to know the specifics. While in 2005 the median ratio for taxable fixed-income funds declined 0.008 percentage...

Membership pressing IMCA to initiate outreach campaign; Group seeks alliances, more members, higher visibility.(News)
May 8, 2006... Byline: Charles Paikert ORLANDO, Fla. - Spurred by grass-roots pressure from members, the Investment Management Consultants Association is looking to raise its profile among its peers and the public. "Members feel IMCA's been a...

Two different sets of rules for small and big brokers? Panels studying uniformity in NYSE-NASD regulation weigh changes.(News)
May 8, 2006... Byline: Sara Hansard WASHINGTON - Smaller brokerage firms could have different regulations than large firms under plans being considered by industry officials and regulators, according to a top New York Stock Exchange regulator. Four...

Upside spurs leveraged index funds; They are attractive because of single-digit stock performance.(News)
May 8, 2006... Byline: David Hoffman NEW YORK - Get ready to see more index funds on steroids. Rafferty Asset Management LLC's Direxion Funds is expected today to unveil plans to launch 30 new index funds that will rely heavily on leverage to amplify...

Merrill exec bullish on Big Bird.(Short Interests)
May 8, 2006... Byline: Dan Jamieson IRVINE, Calif. - Bob McCann, head of retail at Merrill Lynch & Co. Inc. in New York, is spearheading an effort to bring Sesame Street to Northern Ireland. The move is not just for entertainment purposes but to help...

Pacific's making waves, and surf's up with reps; Broker network's recruiting improves amid exec shakeup.(News)
May 8, 2006... Byline: Bruce Kelly NEW YORK - Pacific Select Group LLC has been shaking up the top management at some of its broker-dealers over the past year and working to recruit top-producing brokers and advisers. The moves appear to be paying...

One on One With Michael Kostoff of Corporate Executive Board Co.(One on One)
May 8, 2006... Byline: Charles Paikert It shouldn't be surprising that someone who spent 10 years as a military intelligence officer is considered a good listener, keeper of secrets and, well, highly intelligent, by his business colleagues. Asked to...

SEC, IRS must put their houses in order.(Monday Morning)
May 8, 2006... Byline: Jim Pavia The Securities and Exchange Commission and the Internal Revenue Service need to get their acts together. Apparently, the SEC and IRS are muddling their way through some serious internal-control problems. The SEC,...

TD AMERITRADE gains visibility, loses share; Fidelity, Schwab add to their slices of retail-trade pie.(News)
May 8, 2006... Byline: Brooke Southall SAN FRANCISCO - TD AMERITRADE Holding Corp. thundered out of the gate as a merged entity with lower, simpler prices and advertising wrapped in red, white and blue. But having been beaten up by its...

Nearly half of exiting workers cash out of 401(k)s; Effect on finances could be devastating, NASD warns.(News)
May 8, 2006... Byline: Lisa Shidler CHICAGO - When employees switch jobs, many withdraw money from 401(k) plans to pay down credit card debt or buy automobiles, rather than roll the funds into another retirement account, according to a recent study. ...

Grants boost museums' efforts in financial literacy.(Short Interests)
May 8, 2006... Byline: Aaron Siegel NEW YORK- Children's museums have become the latest venue in efforts to improve financial literacy. A new initiative, "A.G. Edwards Nest Egg Knowledge for Kids,'' is taking the campaign to teach financial literacy...

It's time to end the era of tame boards.(Editorial)
May 8, 2006... The concept of corporate democracy must have something going for it, because so many corporate leaders are opposed to it. That's a sign that the Securities and Exchange Commission should continue to push for changes in the way corporate...

Two of Canada's securities regulators agree to merge; Third industry SRO could be asked to join up later.(News)
May 8, 2006... Byline: David Clarke OTTAWA - There were handshakes all around late last month as the Investment Dealers Association of Canada and Market Regulation Services Inc. announced they have approved in principle a merger proposal to create a new...

FlexibiIity for workers on the rise.(Short Interests)
May 8, 2006... Byline: Sara Hansard WASHINGTON - An "entrepreneurial work force'' is developing in the United States as millions of workers and companies make alternative arrangements to create more flexibility in work arrangements. That is the...

Index to reflect 'the market in aggregate'.(Short Interests)
May 8, 2006... Byline: David Hoffman NEW YORK - Call it the index that ate the market. The Capital Markets Index, launched Thursday by Dorchester Capital Management Co. is the first index to try to measure the total value of domestic stocks, bonds...

Supporters line up for bill softening SOX's blow; It would give smaller businesses Section 404 option.(News)
May 8, 2006... Byline: Sara Hansard WASHINGTON - Several members of Congress are planning to support legislation that would make substantial changes to the Sarbanes-Oxley Act. Rep. Tom Feeney, R-Fla., last week was preparing to introduce a bill that...

Tax reconciliation agenda gets stymied once again.(Tax Watch)
May 8, 2006... Byline: Mark E. Battersby Despite earlier predictions, House and Senate negotiators yet again have failed to reach agreement on tax reconciliation legislation. Reportedly, the hang-ups are due largely to difficulties in finding a...

Japanese firms explore intricacies of indie biz; Visits to U.S firms focus on compliance, recruiting and training.(News)
May 8, 2006... Byline: Bruce Kelly NEW YORK - They came bearing gifts - and a desire to learn about how to run an independent-contractor broker-dealer. With securities laws changing in Japan, brokerage executives from that country have been talking...

Allianz rivals seek a level playing field; Index annuity sellers want parity on shelves of marketing firms.(News)
May 8, 2006... Byline: Gary S. Mogel NEW YORK - Brokers and insurers that sell equity index annuities using independent marketing organizations are clamoring for a more equitable and inclusive marketing process. Allianz Life Insurance Co. of North...

Big players see steep gains in retirement biz; Baby boomers are realizing need for nest egg; some say trend is not sustainable.(News)
May 8, 2006... Byline: Lisa Shidler CHICAGO - Several of the largest players in retirement accounts are reporting steep increases in business, but some observers question whether the growth can be sustained. Among the firms that have experienced a...

Peer-to-peer investment group discusses risks from terrorism.(Short Interests)
May 8, 2006... Byline: Aaron Siegel NEW YORK - The head of a group for wealthy investors is keeping in mind the potential for a terrorist attack. Michael Sonnenfeldt, founder of Tiger 21 Group in New York, a network of peer-to-peer learning groups...

Students prove Street savvy.(Short Interests)
May 8, 2006... Byline: Thomas Zadvydas NEW YORK - Burgeoning analysts and investment students have gone to the head of the class in a pair of industry-sponsored contests. The Securities Industry Association and an affiliate, the Foundation for...

More advisers jumping into RIA channel; Perils of entrepreneurship said to be among factors in shift to established firms.(News)
May 8, 2006... Byline: Brooke Southall SAN FRANCISCO - The quality and number of brokers being lured into the registered investment adviser channel shot up in 2005, and it is poised to double again in 2006, according to three of the largest asset...

FPA sets conference on pro bono planning; Responds to growing interest among its advisers.(News)
May 8, 2006... Byline: Jeff Benjamin DETROIT - The Financial Planning Association is beefing up efforts to help channel financial advice to those most in need. Responding to a growing interest among financial advisers - sparked by various disaster...

Calendar.(Calendar/Datebook)
May 8, 2006... May 9-12 - Operations Conference and Exhibit, Securities Industry Association. JW Marriott Desert Ridge Resort and Spa, Phoenix. Ben Veghte, bveghte@sia.com. 11-12 - PLI Program: Private Placements 2006, Practising Law Institute. PLI...

Closing Quote.(Quotes)
May 8, 2006... "Most HR people don't know the difference between the S&P 500 and the Indy 500.'' Bedda D'Angelo, president of Fiscal Conditioning Inc. in Chapel Hill, N.C., noting that human resources departments often are in charge of employer-provided...

Mortgage rates climb, home sales slowing.(Reverse Spin)
May 8, 2006... Byline: Frederick P. Gabriel Jr. The engine fueling home sales is starting to sputter. Rates on 30-year fixed-rate mortgages averaged 6.59% last week, their highest point since the week ending June 30, 2002, according to Freddie Mac, the...

Mid-caps found to offer steady gains, less volatility.(Street Wise)
May 8, 2006... Byline: Jeff Benjamin A funny thing about many managers of mid-cap portfolios is that they often believe that such investments are overlooked and underappreciated by investors. And in most cases, they're right to feel that way. ...

NASAA blasts SEC over Merrill Lynch rule; Claims it erodes states' powers.(News)
May 8, 2006... Byline: Dan Jamieson IRVINE, Calif. - State regulators want the Merrill Lynch rule vacated. The North American Securities Administrators Association Inc. in Washington claims that the rule "deprives state regulators of the ability to...

At the Bell; Small business hit by Sarbanes-Oxley.(Late News)
May 8, 2006... The cost of compliance with the Sarbanes-Oxley Act has been disproportionately higher for small businesses than for larger businesses, there has been a significant increase in companies going private to avoid securities compliance costs and...

Employer financial offerings a mixed bag; Some advisers complain of bad advice, high fees; others use the products.(News)
May 8, 2006... Byline: Gary S. Mogel NEW YORK - Some advisers see financial products and services provided to their clients by employers as inadequate and top-heavy with fees. Others, however, view them as useful adjuncts to the plans they devise. ...

Shift from DB: Will smaller advisers fit in? Smaller firms consider advising plan participants time consuming, expensive.(News)
May 8, 2006... Byline: Lisa Shidler CHICAGO - The shift away from defined benefit plans is a potential boon to big financial advisers, but it is unclear whether small advisers will get in on the action. As more employers steer workers into 401(k)...

Hedging play faces potential blowup; Holders of big stock positions could owe penalties.(News)
May 8, 2006... Byline: Dan Jamieson IRVINE, Calif. - A popular strategy used by brokerage firms to hedge clients' concentrated stock positions has come under attack from the Internal Revenue Service, sources say. Billions of dollars' worth of...

Talk of sole Canadian regulator begins to heat up; Budget, report, central banker fuel the issue.(News)
May 15, 2006... Byline: David Clarke OTTAWA - Tantalized by Canadian opportunities, U.S. and Canadian investors alike have been paralyzed by concerns about the adequacy of securities regulation here. Apparently, politicians and the industry have been...

At the Bell; Federated to acquire quant manager MDT.(Late News)
May 15, 2006... Federated Investors Inc. has jumped on the quantitative bandwagon, announcing Friday that it is acquiring MDT Advisers, a division of MDTA LLC, at a purchase price of up to $240 million. MDT Advisers of Cambridge, Mass., is the adviser to...

Investor education isn't just for the elderly.(Editorial)
May 15, 2006... It is admirable that federal and state securities regulators are looking out for elderly investors. As part of an initiative to combat deceptive schemes aimed at senior citizens, the Securities and Exchange Commission and the North...

CEO resignation won't hurt Conseco, analysts say; Severance package gets blasted during conference call.(News)
May 15, 2006... Byline: Gary S. Mogel NEW YORK - The unexpected resignation of Conseco Inc.'s chief executive this month won't hurt the company, as long as its key financial ratings are maintained or upgraded, insurance industry analysts say. William...

Annuities lack uniform standards, NASD CEO says; Regulators call on states to ensure protection for investors.(News)
May 15, 2006... Byline: Sara Hansard WASHINGTON - Investors don't understand that they get different types of protection when buying various types of annuities, NASD chairman and chief executive Robert Glauber said at a recent annuity round-table...

Some midsize brokers had hefty revenue gains in 2005; Several report hikes of at least 30.(News)
May 15, 2006... Byline: Bruce Kelly NEW YORK - Midsize is the right size for some independent-contractor broker-dealers. While the top 25 independent firms on average increased gross revenue at a rate of 18.8% last year, at least half a dozen firms in...

Financial planning strategies for estate consideration.(Practice Management)
May 15, 2006... Byline: Lewis J. Altfest A variety of financial planning strategies are available for estate consideration. Most of them, at least in part, have a numbers orientation, frequently with a potential for saving tax dollars. Those that are...

Rising rates, flattish yield curve are producing drab results.(The Markets)
May 15, 2006... Byline: Don Cassidy, Lipper senior research analyst Closed-end funds have been less than thrilling thus far in 2006. Rising rates and a flattish yield curve have combined to hold down returns in most of the two-thirds of such funds that are...

People.
May 15, 2006... Anderson Riley & Spoor PA, a registered investment adviser in St. Petersburg, Fla., has hired G. Kurtis Ulrich, 47, as chief investment officer. His responsibilities will include investment research for equities and fixed income, as well as the...

Financial Profiles offers hybrid planning platform.(Product Watch)
May 15, 2006... Financial Profiles Inc. in Carlsbad, Calif., has launched the Universal Desktop Application platform for its planning and needs-analysis tools. The UDA is a hybrid platform that delivers the capabilities of both the stand-alone desktop and...

IRS' 403(b) rule changes concern plan sponsors; 85% are at least somewhat worried, Fidelity study finds.(News)
May 15, 2006... Byline: Lisa Shidler CHICAGO - Of plan sponsors responding to a recent study, 85% were somewhat or very concerned about the outcome of the new 403(b) regulations the Internal Revenue Service is expected to reveal within the next month or...

Morgan Stanley puts heat on branch managers; Firm fires some, plans pay cut for others - who get option to produce.(News)
May 15, 2006... Byline: Dan Jamieson IRVINE, Calif. - Branch managers at Morgan Stanley are feeling the heat. Late last month, the firm fired about 30 branch and complex managers, had other managers take on additional offices and told others that...

Bush tax cut derided as favoring the rich.(Reverse Spin)
May 15, 2006... Byline: Frederick P. Gabriel Jr. Maybe this will improve President George W. Bush's approval ratings. The Senate on Thursday passed a $70 billion tax cut package, a day after the House approved it. Mr. Bush is expected to sign the...

Congressional pandering leads to bad gas policy.(Monday Morning)
May 15, 2006... Byline: Mike Clowes Members of Congress just love to pander to the public, and they are at it again over high gasoline prices. And when they pander, they inevitably come up with dumb ideas. They have to be seen doing something...

Lawmakers reach deal on tax reconciliation bill.(Tax Watch)
May 15, 2006... Byline: Mark E. Battersby The U.S. House has approved a $70 billion tax reconciliation bill, and at press time, the Senate was on the verge of approving it. Also, a separate spinoff tax bill is under consideration and contains an...

Moms should rake in $.(Short Interests)
May 15, 2006... Byline: Aaron Siegel NEW YORK - If you ever wanted to give your mother a lump-sum paycheck for all she has done throughout the year, now is your chance. But be prepared to pay a hefty tab. The Mom Salary Wizard 2006, a Salary.com Inc....