MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, April 24, 2001 Janus Parent Below Expectations Stillwell reported Q1 earnings of $0.48 per share, falling $0.05 short of analyst expectations of $0.53. Shareholder accounts held steady at the Janus and Berger parent company, totaling approximately 6.3 million, although assets under management fell during the first quarter by $51.9 billion to $205.9 billion. * * * DST Systems matched the Street's expectations by posting earnings of $0.41 per share, increasing earnings by 18%. * * * Operational expenses can be cut by tagging cell phones and PDAs, according to a new study by Gartner. An estimated $2,500 to $3,000 will be lost on each unrecoverable mobile device carrying company data. * * * Scudder's AARP Investment Program launched three interactive online courses addressing the expected needs of investors over 50. Scudder partnered with Omega Performance, an instructional design firm, to create the courses. * * * Morgan Stanley is shortening the payroll by approximately 1500 names, mainly in the investment management and securities divisions, on both the institutional and retail sides. Morgan Stanley's 14,000 advisors will not be affected by the layoffs. * * * T. Rowe Price faced up to an economic reality and decided to cut several dozen jobs, according to The Wall Street Journal. Metrics must be coming up badly, since the decision is an about-face from statements just three weeks ago, when officials explained that cost-cutting entailed a freeze on contractors. Printed from: MFWire.com/story.asp?s=26696 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |