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Morningstar Inc

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  • BOSTON, April 16- American Funds, one of the largest U.S. mutual funds families, sent an email to 825,000 shareholders on Wednesday advising them to change user names and passwords, citing "a very narrow window of risk" related to the "Heartbleed" Internet threat.

  • Scarce land could blunt recovery for U.S. homebuilders Tuesday, 15 Apr 2014 | 2:08 PM ET

    The Dow Jones U.S. Home Construction index has regained much of the ground lost in the second half of 2013, when rising mortgage rates and wider economic uncertainty broke an 18- month winning streak for homebuilder stocks. The average forecast covers D.R. Horton Inc, PulteGroup Inc, Lennar Corp, KB Home and Toll Brothers Inc..

  • Arledge himself acknowledged on Wednesday that BNY Mellon is only in the early stages of a two-pronged strategy to gather assets from individual retail investors, but he pledged that the strategy will show tangible progress by this summer.

  • Pimco launches first closed-end fund in Canada Friday, 21 Mar 2014 | 1:40 PM ET

    March 21- Pacific Investment Management Co on Friday launched the Pimco Global Income Opportunities Fund, one of the largest closed-end funds to list on the Toronto Stock Exchange, according to a statement by the firm.

  • March 18- Stock market index provider MSCI Inc said it would sell influential governance unit Institutional Shareholder Services to private equity firm Vestar Capital Partners for $364 million to focus on its risk investment products and services business.

  • BOSTON, March 16- Bargain store chains are flooding into North American malls and shopping centers like never before, upstaging old mainstays like J.C. Penney and Sears that are reeling from the one-two punch of an ailing economy and competition from online stores.

  • BOSTON, Feb 12- Fidelity Investments, the No. 2 U.S. mutual fund company, said on Wednesday that operating profit rose 13 percent to $2.6 billion last year as clients pulled less money from its funds.

  • Redemptions force funds to unload Puerto Rico debt Saturday, 8 Feb 2014 | 10:42 AM ET
    A vacant building in the Santurce neighborhood of San Juan, Puerto Rico.

    US mutual funds with heavy exposure to Puerto Rico bonds have sold off some of the cash-strapped island's debt.

  • BOSTON, Feb 7- U.S. mutual funds with heavy exposure to Puerto Rico bonds have sold off some of the cash-strapped island's debt to meet investor redemption demands, taking heavy losses after a year-long slide in prices.

  • NEW YORK, Feb 7- Moody's Investors Service on Friday became the second ratings agency this week to cut Puerto Rico's credit rating to junk, citing concern about the cash-strapped U.S. territory's weak economy and its ability to borrow.

  • Feb 4- U.S. coal miner Arch Coal Inc reported a bigger-than-expected quarterly loss due to weak shipments and prices, but said markets for thermal coal, used to generate power, are improving. They soared 5 percent during a conference call with Wall Street analysts.

  • BOSTON, Feb 3- Investors are paying hefty fees for mutual funds that bill themselves as actively managed but in large part are mimicking a benchmark stock index.

  • Mark Kiesel, Virginie Maisonneuve, Scott Mather and Mihir Worah, currently managing directors at Pacific Investment Management Co., will join Dan Ivascyn and Andrew Balls as deputy chief investment officers.

  • Jan 29- U.S. health insurer WellPoint Inc said on Wednesday the applicants for the new Obamacare health plans are of the age and demographics it had expected, indicating that medical costs will not soar beyond the prices it charges. Insurance plans under President Barack Obama's healthcare reform law went on sale Oct. 1 and into effect on Jan. 1.

  • DEARBORN, Mich., Jan 28- Ford Motor Co on Tuesday joined a growing number of multinational companies expressing concern that economic turmoil in Venezuela and Argentina could spell trouble for 2014 profits.

  • Jan 28- Merck& Co's experimental drug Ragwitek, a treatment for ragweed allergies, appears safe and effective for use in patients between the ages of 18 and 65, a panel of advisors to the U.S. Food and Drug Administration concluded on Tuesday. About 30 million people in the United States suffer allergies to ragweed pollen, according to the FDA.

  • *Net income jumps 86 pct to $123.2 mln. Jan 28- Homebuilder D.R. Horton Inc's sales pace picked up in January ahead of what it said would be a "very strong" spring selling season as Americans become more comfortable with higher mortgage rates in a stabilizing U.S. economy.

  • Jan 27 (Reuters)- Apple Inc missed Wall Street's lofty target for iPhone sales over the crucial holiday shopping season and offered a weaker-than-expected forecast for this quarter, sending its shares down 8 percent on Monday.

  • Jan 27- Caterpillar Inc posted a stronger-than-expected quarterly profit on Monday as cost cuts and an uptick in demand for its building equipment offset continued weak sales to the mining industry.

  • Jan 24- Bristol-Myers Squibb Co on Friday reported stronger-than-expected quarterly results, but its shares fell because of investors' jitters about the pace at which the company is developing a promising new combination of cancer drugs.

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