Nov. 1-7
A Nov. 4 story, Funds Notebook: Fund Companies' Favorite Stocks Lately Have Been Their Own, pegged Federated Investors' (FII:NYSE) mutual fund assets at $32.6 billion. This figure represents the firm's stock fund and bond fund assets but not its money market fund assets. Including money market funds, the firm had $118.8 billion in assets as of Oct. 31. (clarified Nov. 5)
An Aug. 23 column, Siebert Financial Is the Little Internet Broker That Could, implied inappropriately that Muriel Siebert was individually profiting from the sale of stock in Siebert Financial Corp. as the stock was climbing following talk of her company's Internet presence. In fact, the stock sales discussed were not made by Siebert personally. Rather, shares were sold by a charitable foundation she controls, with proceeds being used to help educate students on basic financial issues. The story has been modified to make the distinction clear. (clarified Nov. 3)
The Midday Watchlist section of the Nov. 3 Midday Musings, Nasdaq Keeps Steaming Toward Close Above 3000, included an incorrect stock quote for Thomson Multimedia (TMS:NYSE ADR). Thomson was up 10 1/2, or 46.5%, to 33 1/16. Also, the item incorrectly listed the company's symbol as TSM, the symbol of Taiwan Semiconductor (TSM:NYSE ADR). (corrected Nov. 3)
A Nov. 1 story, Easy Come, Easy Go: Neuberger Berman OKs Repurchase of Recent IPO Shares, mistakenly reported that 16 of the firm's 20 mutual funds with three-year records were beating the average in their categories at the end of the third quarter, according to Morningstar. The story should have said that 16 of the 20 funds with three-year records were underperforming their category averages in the third quarter. (corrected Nov. 2)
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