Mutual Fund Center

RPT-Fitch Affirms Various Michigan Transportation Fund Bonds at 'AA'; Outlook Stable

Aug 1 - (The following statement was released by the rating agency)

UPDATE 1-Fortress profit soars in second quarter as funds perform

By Katya Wachtel NEW YORK, Aug 1 - Fortress Investment Group's pre-tax distributable earnings rose significantly in the second quarter as strong performance across its various fund offerings led to higher incentive income. New York-based Fortress, one of a handful of publicly traded alternative asset managers, on Thursday reported pre-tax distributable earnings climbing 196 percent to $148 million, or 30 cents per share, from $50 million, or 9 cents per share, a year earlier.

BRIEF-Investcorp buys Tyrrells Potato Crisps for 100 mln stg

Aug 1 - * Investcorp acquires tyrrells the premium crisp maker from Langholm Capital * Investcorp - deal for £100 million

Fortress profit soars in second quarter as funds perform

NEW YORK, Aug 1 - Fortress Investment Group's pre-tax distributable earnings rose significantly in the second quarter as strong performance across its various fund offerings led to higher incentive income. New York-based Fortress, one of a handful of publicly traded alternative asset managers, on Thursday reported pre-tax distributable earnings climbing 196 percent to $148 million, or 30 cents per share, from $50 million, or 9 cents per share, a year earlier. Fortress said pre-

UPDATE 2-Sony electronics rebound unlikely to ease pressure for change

* Sony Q1 oper profit 36.4 bln yen vs analyst forecast 25.3 bln

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Stern Advice: Financial advice that is popular - and wrong

WASHINGTON - Some financial advice is so oft-repeated that everyone takes it for granted: You shouldn't bring debt into retirement. Debit cards are safer than credit cards. Older folks should invest more conservatively. As they used to say on Seinfeld, yadda yadda yadda.

RPT-Some Dell swing shareholders ready to compromise - sources

NEW YORK, July 31 - Some of Dell Inc's largest investors who have abstained from voting on a $24.4 billion bid led by founder Michael Dell to take the No. 3 PC-maker private told the company's board this week that they would back the deal at the buyout group's latest offer price, three sources close to the matter said.

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