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BUSINESS BRIEFS.(TO THE POINT)
REGULATION
Putnam investigated on rebates
Massachusetts' regulators are investigating into whether Putnam Investments used marketing and distribution fees to pay $40,000 in annual rebates to a trade union at the heart of the mutual fund company's market-timing scandal. An earlier probe found Putnam, a unit of insurer Marsh & McLennan, let members of the Boilermakers Local No. 5 to market-time funds for years.
More Shell execs expected to go
Industry experts say it's likely the Anglo-Dutch oil concern will ax more top officials in the wake of an SEC formal inquiry into its Jan. slashing of oil reserves. Chairman ...
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