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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| August 04, 2003 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MARKETS

U.S. stock funds see withdrawals

Investors pulled $414 mil from U.S. stock mutual funds in the week ended July 30, AMG Data Services said, ending four weeks of inflow. But small-cap growth took in $507 mil. Investors also pulled $1.1 bil from U.S. junk bond funds, the biggest outflow in over 10 months. Taxable bonds had $1.9 bil in outflow.

Pension fund report attacks NYSE

There are still serious conflicts of interest at the NYSE, according to a report by the Council of Institutional Investors. Among the report's suggestions: The NYSE board should meet the governance of listing firms, and disclose more about its relationship with Securities Industry Automation and Depository Trust Clearing, which the NYSE owns.

TECHNOLOGY

HP rumors lift Research in Motion

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