Decoding the jargon of mutual funds: a look from A to E
Few industries slip into jargon as much as the investing world. As quickly as you can give your shoe size, mutual fund managers can rattle off their “active share” or “duration.”
San Diego-based BofI Holding Inc. (Nasdaq: BOFI), parent of BofI Federal Bank, announced its net income for the second fiscal quarter ending Dec. 31 was $19.4 million.
Wells Fargo Bank has promoted Samantha Jones to head its commercial banking division in San Diego and Orange counties, overseeing more than 70 professionals based in Anaheim, Irvine, Carlsbad and downtown San Diego.
International Stem Cell Corp. announced it has completed the required preclinical studies and plans to begin the phase 1/2a clinical study of its cell therapy for the treatment of Parkinson’s disease in Australia within the next few months, and Jack In The Box Inc. announced the release of Buttery Jack burgers, featuring garlic herb butter melted on top of an all-new, quarter-pound signature beef patty and tucked inside Jack’s new gourmet signature bun, according to company announcements, SEC filings and Bloomberg News.
Qualcomm Inc., the biggest maker of mobile-phone chips, reduced its forecast for revenue and profit this year, reflecting lost semiconductor orders at a major customer and more competition in China.
San Diego's Mitek (Nasdaq: MITK), a developer of mobile imaging for financial transactions and identification, announced the addition of Bill Aulet to the board of directors.
Few industries slip into jargon as much as the investing world. As quickly as you can give your shoe size, mutual fund managers can rattle off their “active share” or “duration.”
(Bloomberg) -- Wages and salaries in the U.S. rose at a slower pace in the fourth quarter, indicating workers have limited success bargaining for pay increases even as the labor market improves.
(Bloomberg) -- U.S. stock-index futures dropped, as the Standard & Poor’s 500 Index heads for its biggest monthly decline in a year, as investors assessed data showing slower economic growth for clues on the timing of higher interest rates.
(Bloomberg) -- Jeff Bezos showed Amazon.com Inc. can still pull out a profit, though the chief executive officer made no promises that he’ll do it again next quarter.
(Bloomberg) -- The economy in the U.S. expanded at a slower pace than forecast in the fourth quarter as cooling business investment, a slump in government outlays and a widening trade gap took some of the luster off the biggest gain in consumer spending in almost nine years.
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