Top staffers at MFS, Putnam may get say in spinoff or sale
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The out-of-town owners of both Putnam Investments and MFS Investment Management are mulling whether to sell the big asset-management companies, spin them off, or take other steps that could put at risk several thousand jobs at each.
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A market drop could end up helping prospective investors in this forklift products firm.
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The Marsh & McLennan Companies, the worldÂs largest insurance brokerage, will solicit bids for its Putnam Investments mutual fund unit.
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The directors of Fannie Mae, the big mortgage finance company, will meet Sunday to consider the fate of two senior executives who signed off on financial statements
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Mutual-fund firm Putnam Investments announced it will provide more information about its fees, brokerage commissions and executive pay as part of an effort to regain footing in the wake of the mutual-fund trading scandals.
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With a new management team in place, the computer maker could be preparing to make changes to some of its core ideals.
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The Apache Software Foundation, which now relies on volunteers to stay in operation, may soon have full-time, paid employees, including an executive director.
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Insurance brokerage Marsh &amp; McLennan Cos., backing away from a February statement that it was committed to keeping its Boston mutual fund division Putnam Investments, yesterday said it was seeking to determine how much Putnam could fetch in the current environment.
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Investors in the market for mutual funds may want to consider a promising alternative: shares of asset management companies that sell the funds.
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A group of Boston businessmen including former General Electric chief executive Jack Welch, advertising executive Jack Connors, and concessionaire Joe O'Donnell may make a bid for The Boston Globe next year, according to a report in the Wall Street Journal.
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Home Depot Inc.  said on Monday it was considering a sale, spin-off or initial public offering of its professional supply business to focus on its retail stores, reversing a controversial policy of former CEO Robert Nardelli to expand the unit.
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As the end of its megamerger with PeopleSoft nears, the software maker puts new faces in place in key positions.
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Management changes might make this a good value play.
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William B. Maag spent weeks meeting Sovereign Bancorp executives at obscure suburban restaurants, taking phone calls on the sly, and hashing out a business proposal at a country club near the New Hampshire border. While his colleagues at FleetBoston Financial Corp. vied for new jobs at Bank of America Corp. after the banks' merger, Maag realized early on that the ...
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Chip equipment veteran takes over the corner office. New round of funding would likely help Miasole move to volume manufacturing.
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The Jefferies Group said it had acquired the Putnam Lovell investment banking business, a provider of merger advice to asset managers and broker dealers, from National Bank Financial Group of Canada. Terms were not disclosed. Jefferies, an underwriter and merger adviser to midsize companies, said this is the fifth industry-focused M.& A. group it has acquired in less than five years. The purchase will expand Jefferiesâ ability to make deals in the asset management sector.
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The company may be hinting at going public.