BRIEFLY : FIDELITY WEIGHS CLOSING MAGELLAN.An executive at Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. said the mutual fund company would continue to examine the possibility of closing the Magellan fund, the $55 billion fund that is the country's largest, to new investors. ``We have no current plans to close the fund, and it's something we always look at,'' said Gary Burkhead, president of Fidelity Management and Research. He spoke at a conference sponsored by Morningstar Inc., the fund-tracking company. Some analysts have criticized Fidelity, a unit of FMR FMR Former (government official title) FMR Fair Market Rents (HUD) FMR Financial Management Regulation FMR Friends of the Mississippi River (watershed conservancy) Corp., for letting the fund grow so large, noting that larger funds in general have a more difficult time outperforming the market. SOURCE: - The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times Ohio Blue Cross may lose licenses The national Blue Cross and Blue Shield Association
Analysts called it a warning to Blue Cross plans across the country not to try to auction themselves off to hospital chains or other well-heeled bidders outside the Blue Cross system. SOURCE: - The New York Times AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. talking to attorneys general NEW YORK - America Online Inc., which has been sued over rounding up its per-minute rates, confirmed Thursday that it has been talking to several states' attorneys general about its business practices. Newsday reported Wednesday that the biggest on-line service was the subject of a formal investigation by New York Attorney General Dennis Vacco over how it calculates its bills. A representative of Vacco's office said Thursday, as a matter of policy, it did not confirm or deny such investigations. SOURCE: - Associated Press Cosmonauts film more for Pepsi MOSCOW - Two Russian cosmonauts left the Mir space station Thursday for a five-hour spacewalk Verb 1. spacewalk - move in space outside a space craft walk - use one's feet to advance; advance by steps; "Walk, don't run!"; "We walked instead of driving"; "She walks with a slight limp"; "The patient cannot walk yet"; "Walk over to the cabinet" , leaving their American colleague inside at the controls. Yuri Onufrienko and Yuri Usachev left the spacecraft to replace an instrument pack to Mir's outer shell and conduct experiments, the Interfax news agency said. The two also filmed the second part of a Pepsi advertisement alongside a giant model of a Pepsi can. The first part was filmed during a spacewalk last month. SOURCE: - Associated Press |
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