Fidelity reports lower net income for 2006
101099
Fidelity Investments, the world's biggest mutual fund firm, said on Friday its net income fell 11.3 percent to $1.18 billion in 2006 as performance of its funds slipped and its costs rose.
47711
Radio One yesterday restated its financials for 1999 through 2005, reducing profit by about $10.1 million because of inaccuracies in recording stock options in those years. The company also said it was increasing its 2006 loss by $246,000 for the same reason.
689130
Fidelity Investments will close its fast-growing $17.8 billion Diversified International fund to new purchasers at the close of business Oct. 25. The fund, managed by William Bower, grew to assets of $18.7 billion as of Oct. 8. It had a year-to-date return of 6.8 percent through the same date. The fund assets, including investor inflows and asset appreciation, grew from ...
118468
BP has said that net profits retreated in 2006 -- reflecting a decline in production and refining margins -- and revised downwards its output for next year.
202221
The Charles Schwab Corporation, the retail brokerage firm, said Wednesday that fourth-quarter profit fell 34 percent from the period a year ago, which included a tax gain and earnings from its U.S. Trust wealth management unit, which has since been sold.
396722
Stocks were knocked lower on Wednesday  after a U.S. government review questioned home finance company  Fannie Mae's FNM.N accounting methods, while  investment bank  Morgan Stanley MWD.N reported a drop in quarterly profit.
75236
Fidelity Investments, the world's  biggest mutual fund company, posted on Friday an 11.3 percent  drop in net income, its first profit decline in four years, as  it spent more to compete with rivals.
716227
Stocks fell on Wednesday as Merrill Lynch & Co. Inc  reported its first quarterly net loss in six years and earnings by Amazon.com Inc  disappointed investors.
526760
THE REGION Fidelity Investments, the world's largest mutual fund manager, said it reduced the cost of online stock trades by one-third for entry-level brokerage customers, keeping pace with Charles Schwab Corp. Fidelity lowered commissions for ''bronze-level&quot; clients by $10 to $19.95 a trade, the Boston-based company said. The bronze level accounts for two-thirds of Fidelity's customers, spokesman Adam Banker said. ...
706518
Pearson, the British publisher of the Financial Times and Penguin Books, said Monday that its net profit dropped by 28.5 percent to 446 million pounds (665 million euros, 875 million dollars) in 2006.
394269
Kforce narrows earning guidance and bounces back from some bad times.
538866
THE REGION Fidelity Investments said it is cutting the cost of its online bond trades for retail investors. The firm cut fees by 50 percent for online fixed-income trades to retail investors buying or selling bonds. For example, US Treasuries will now cost 50 cents to trade, per bond; government agencies and Treasury Strips, $1; municipal bonds $1.50; corporate bonds ...
315615
UK blue chips closed lower as Wall Street remained weaker after disappointing inflation data with Alliance & Leicester down after reporting a fall in core operating profit, held back by large scale write-downs.
108020
U.S. investment bank Morgan Stanley on  Wednesday said quarterly profit fell amid reduced trading  revenue, reflecting the impact of sluggish markets this summer.
705177
Income for 1994 through 2005 may be reduced by as much as $1.5 billion to $1.7 billion to correct improper accounting for options awarded to executives and employees.
239658
Bear Stearns Cos Inc  said on  Thursday quarterly profit plunged 61 percent to its lowest  level in five years on bad bets on subprime mortgages and  disrupted fixed-income trading.
724019
A look back at the stock market performance of our 2006 Mid-Cap List.