Fidelity discloses its proxy votes
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Fidelity Investments&#39; largest funds voted to oust Michael D. Eisner from the chairman&#39;s post at Walt Disney Co., in one of last year&#39;s biggest proxy battles, according
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Payout strengthens anti-stalker law A bank which purchased the names and addresses of more than 650,000 people in the US has been ordered to pay a $50m fine. The case was brought by a Florida resident against Fidelity Bank and also included the Electronic Privacy Information Centre.â¦
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Fidelity Investments' largest funds voted to oust Michael D. Eisner from the chairman's post at Walt Disney Co., in one of last year's biggest proxy battles, according to voting records the nation's largest mutual-fund firm has made public for the first time.
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Two more traders have left Fidelity Investments amid the government investigation into whether employees inappropriately solicited and received expensive gifts and entertainment from brokers who wanted the mutual fund company's massive trading business, the company confirmed yesterday.
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Staff members at the Securities and Exchange Commission reversed course this week and ruled that Walt Disney Co. could bar from its proxy ballot a union-backed initiative that would make
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Fidelity Investments is in the middle of an investigation about gifts and entertainment on Wall Street. And some on Wall Street have never been happier.
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The mutual fund giant Fidelity Investments disciplined 16 traders yesterday, two of whom have left the firm, as part of an extensive investigation into whether employees improperly accepted gifts and entertainment from brokers.
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Fidelity Contrafund beat its benchmark in the first half of 2007 after trailing by the biggest margin in almost a decade last year as manager Will Danoff was helped by technology stocks.
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Critics say random post-election audits could alleviate the sort of concerns about voting accuracy that arose last week in N.H. This week it's Michigan's turn -- and once again, optical-scan machines are a major election presence. But the Secretary of State there says it's not going to be a problem.
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After a series of tests on e-voting machines, a U.S. government auditor still doesn&#39;t know what contributed to 18,000 unmarked ballots in a Florida congressional race in 2006.The U.S. Government Accountability Office (GAO) checked the firmware and the ballot display and ran calibration tests on a sample of Election Systems &amp; Software (ES&amp;S) iVotronic e-voting machines, the agency said in a report released Friday. Those tests, combined with others done by the GAO and state of Florida, &quot;have significantly reduced the possibility that the iVotronic [machines] were the cause of the undervote,&quot; said the report, authored by Nabajyoti Barkakati, acting chief technologist for the GAO&#39;s applied research and methods division.The GAO believes the ES&amp;S machines have been adequately tested, the report says. &quot;Given the complex interaction of people, processes, and technology that must work effectively together to achieve a successful election,&quot; other factors, including intentional undervotes or ballot interaction problems, may have caused the undervote, the GAO said.Democratic candidate Christine Jennings lost by 369 votes in the 2006 13th Congressional District race, but more than 18,000 people who cast votes in other district races failed to have votes recorded in the congressional race. About 4,000 more votes were recorded in the Sarasota County Southern District Hospital Board election than in the House race.Jennings is again running for the congressional seat this year.The GAO report &quot;leaves most of the major questions unanswered,&quot; said the Verified Voting Foundation, an advocacy group critical of e-voting machines. The GAO report didn&#39;t address potential problems with touch-screen sensitivity and low batteries, or reports of undervotes in other races, the foundation said in its own report , based on a leaked copy of the GAO report.&quot;The GAO report leaves us with almost as many questions as before, and the most important one -- what caused the ... undervote problem -- is left unanswered,&quot; the foundation report says. &quot;The nature of the complex voting system in question, and the difficulty in auditing such a system, may mean such questions will remain indefinitely, but it is clear that more can and should be done to resolve the outstanding issues.&quot;The foundation suggested auditors could conduct more tests, including tests of touch-screen sensitivity and a check for software bugs beyond the GAO&#39;s check that the software matched versions certified by Florida.&quot;As someone who&#39;s interested in what happened in this election, my questions aren&#39;t answered,&quot; said David Dill, the foundation&#39;s founder and a computer science professor at Stanford University. &quot;I don&#39;t think we&#39;re going to get any idea about what happened in that election without a lot more investigation.&quot;The GAO report &quot;cannot be interpreted as a clean bill of health for the machines,&quot; Dill added. &quot;They did three little tests ... out of a spectrum of a lot of things, and they aren&#39;t the most important things to look at,&quot; he said.ES&amp;S, in a statement, said the GAO report shows its machines &quot;performed well&quot; in the election. GAO&#39;s findings echo studies by Florida State University and the Florida Department of State, both saying there was &quot;no evidence&quot; of ES&amp;S machine malfunction, the company said. &quot;The collective findings of these and other tests demonstrate that Sarasota County&#39;s voting system performed exactly as it was designed to function,&quot; the company said.The Election Technology Council, a trade group representing ES&amp;S and three other e-voting vendors, said the report suggests that a paper ballot to accompany the e-voting machines wouldn&#39;t necessarily solve problems. The Verified Voting Foundation and other groups have pushed for printouts to be used with e-voting machines.Elections include people, processes and technology, said David Beirne, the council&#39;s executive director. &quot;Paper is not a magic bullet,&quot; he said. &quot;It can provide an additional layer of verification for the voter, but it alone is not going to satisfy all of the stakeholders, which is why it is important to look at all of the circumstances surrounding an election to determine its overall performance.&quot;The GAO report shows the need for assurance tools that verify the operation of the e-voting machines&#39; software, Beirne added.
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Some voters say machines indicated they had voted for a different candidate.
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Vanguard Group Inc. voted in favor of a shareholder proposal demanding that Intel Corp. expense stock options. Putnam Funds and Fidelity Investments voted to dump Walt Disney Co. Chairman Michael D. Eisner. Vanguard voted to keep him.
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Fidelity Investments filled in a piece of its upper management puzzle yesterday, naming an outsider to run several key divisions -- though not its core mutual-fund operations.
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As the primary season continues, observers of the electronic-voting scene ask whether it's possible to tally the ballots efficiently while restoring Americans' faith in the process. Random, mandatory audits of cast ballots show promise, but even after demonstrated successes, not everyone's on board.
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Fidelity Investments will close its fast-growing $17.8 billion Diversified International fund to new purchasers at the close of business Oct. 25.
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THE three companies that certify the US&#39; voting technologies operate in secrecy, and refuse to discuss flaws in the ATM-like machines to be used by nearly one in three voters in the presidential poll in November.
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Fidelity Investments plans a series of meetings with Massachusetts economic development officials, following the Boston mutual-fund giant's disclosure on Tuesday it may create up to 1,500 jobs in a Dallas suburb.