Fidelity hires an outsider for a top post
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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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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. ...
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Fidelity Investments yesterday unveiled new features for some of its 401(k) retirement plans, among the first of a wave of services expected from financial companies following a new pension law signed this month.
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The Securities and Exchange Commission announced Thursday that a top staffer overseeing the &#36;7.6 trillion mutual-fund industry will step down for a private-sector position.
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Fidelity Magellan is opening, but your wallet shouldn't be.
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It doesn't always mean taking money from outside shareholders to pay insiders.
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Fidelity Investments, the world's biggest mutual fund company by assets, said yesterday it will offer mutual funds run by a team instead of one person, in a move analysts said was aimed at trying to increase sales.
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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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The role of the executive assistant has drawn scrutiny after the disclosure that the former New York Stock Exchange chairman's assistant was paid $240,000 a year.
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Fidelity Investments yesterday disclosed new posts for two children of its 76-year-old chairman, Edward C. Johnson III, positioning them to have a greater say in the future of the Boston mutual fund giant founded by the Johnson family in 1946.
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(Corrects David Hauserâs title to CFO from CEO in paragraph 3)
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Fidelity Investments this week named a new team of managers to help run its stock trading desk, which is the subject of a federal investigation into whether company traders improperly solicited and received lavish gifts from brokers who wanted the mutual fund giant's massive trading business.
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J. P. Morgan Chase & Company has hired Stephen M. Cutler, the former chief of enforcement at the Securities and Exchange Commission, as its top legal officer.
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Investor's Business Daily - Fidelity Investment's shakeup in the organization of its mutual funds, begun 18 months ago, appears to be yielding results for the industry leader.
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The Wall Street Journal, which is  being bought by Rupert Murdoch&#39;s News Corp, named a new  Washington, D.C., bureau chief and executive editor as it beefs  up its political coverage and analysis.
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Citigroup Inc. (CN: Quote, Profile, Research) appointed Sallie Krawcheck as its No. 2 executive on Monday in a surprise management shuffle designed to cultivate
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Blog: Former employee of Fidelity National Information Services subsidiary sells a data broker records containing info on 2.2 million bank accounts, 990,000 credit cards.