Revised ICAI rules to make cos' profit figures less rosy.
Byline: Gireesh Chandra Prasad NEW DELHI: Issuing preference shares, which are yet to be redeemed, will soon make a corporate's income statement less rosy. The new norms being formulated by the Institute of Chartered Accountants of India (ICAI), will strip many financial instruments of their legal status...

American Stock Exchange Launches First Trust Value Line(R) Equity Allocation Index Fund.
New ETF Tracks Stocks Selected from Value Line's Equity Universe NEW YORK, Dec. 7 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) announced today that it has launched trading in the First Trust Value Line(R) Equity Allocation Index Fund (FVI). "First Trust is a respected leader...

Offshore Fund Data Now Available in Wiesenberger's InvestmentView.net(TM); Wiesenberger Reaches Agreement With FT Interactive Data to Add Comprehensive Offshore Fund and UK Unit Trust Data to Its Suite of Products.
ROCKVILLE, Md., July 10 /PRNewswire/ -- Thomson Financial/Wiesenberger, announced today that it has reached an official agreement with FT Interactive Data, a division of Financial Times of London and the premier international fund data provider, to receive comprehensive daily data feeds on worldwide offshore funds and UK...

State Street to Acquire Mutual Fund Portfolio Accounting Service Business From DST Systems.
KANSAS CITY, Mo., May 22 /PRNewswire/ -- State Street Corporation (NYSE: STT) and DST Systems, Inc. (NYSE: DST) announced today that they have signed a definitive agreement for State Street to acquire DST's portfolio accounting service business. Terms of the transaction were not disclosed. DST's...

S&P Cuts Ratings on Scottish Mutual to 'AA-'; Outlook to Negative.
LONDON, July 17 /PRNewswire/ -- As a result of a weakening of Scottish Mutual Assurance PLC's capitalization, Standard & Poor's today lowered its counterparty credit and insurer financial strength ratings on Scottish Mutual to double-'A'-minus from double-'A'. The outlook is revised to negative from stable. ...

S&P Assigns 'A' Rating to Scottish Mutual's 200 Mil Euro Bond.
LONDON, July 18 /PRNewswire/ -- Standard & Poor's today assigned its single-'A' junior subordinated debt rating to the proposed GBP200 million ($280 million) unsecured perpetual subordinated notes to be issued by Scottish Mutual Assurance PLC (AA-/Negative/--). The rating reflects the bondholders' level of subordination to...

Investec Ernst & Company Receives Herzog Heine Geduld's Former Retail Correspondent Clearing Business.
Expands Investec's Correspondent Operations in the US NEW YORK, May 29 /PRNewswire/ -- Investec Ernst & Company, a 75-year-old New York Stock Exchange member firm and part of the Investec Group (JSE Securities Exchange: INT), today announced that it has entered into a definitive agreement...

PR Newswire Washington, DC Summary, Monday, Feb. 5, to 3:00 P.M. EST.
Following is a summary of press releases about Washington DC area companies and organizations transmitted by PR Newswire. The full text of these releases is available at the PRN Press Room, http://www.prnmedia.com. DCM009 02/05/2001 07:00 r f bc-DC-Radio-One-Acqstn (WASHINGTON) Radio One, Inc. Completes the Acquisition...

The American Stock Exchange and Singapore Exchange Begin Trading ETFs in Singapore.
First Ever Fully Fungible Global Trading Platform NEW YORK, May 4 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) and the Singapore Exchange (SGX) today launched the trading of five Amex-listed exchange-traded funds (ETFs) on SGX Securities Trading (SGX-ST). The day's trading volume for the five...

Basic Investors, Inc. Begins Making Market in the Publicly Traded Common Stock of Rhino Enterprises Group, Inc.
Basic Investors Established Since 1956 With Over 30 Retail Brokers DALLAS and MELVILLE, N.Y., Aug. 3 /PRNewswire/ -- Rhino Enterprises Group, Inc. (OTC Bulletin Board: RHNO), a Dallas, Texas-based holding company which is developing a portfolio of subsidiary companies in a wide range of cutting-edge,...