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* At Market Close
"We had a reasonable selloff that cleared the air a little bit and got a little bit of the worries out of the market," Barry James, president of James Investment Research said. The Russell 2000 index of small-cap stocks rose 2.49, or 0.3%, to 839.97, and the S&P SmallCap 600 rose 2.38, or 0.55%, to 436.25. Boosting the S&P indexes, Rock-Tenn rose $4.02, or 12%, to $36.60 on the New York Stock Exchange on news of consolidation in the paperboard packaging industry. However, Mr. James ... .
Fidelity names Prudential's Lawson president
BOSTON, July 16 (Reuters) - Fidelity Investments, the world's biggest mutual fund firm, said on Monday it is appointing a Prudential Financial Inc. (PRU.N: Quote, Profile, Research) executive and former Fidelity employee as president of FMR Corp., the group's holding company. Fidelity said in a statement that Rodger Lawson will assume the position on Aug. 6 and report to Fidelity Chairman and Chief Executive Officer Edward Johnson, whose father founded the privately held firm 61 years ago. Lawson, 60, was appointed after several prominent executives left Fidelity, sparking questions about who would ultimately lead the company. Most recently he was a vice chairman at Prudential responsible for the international insurance and investments division, it said. Lawson was managing director and chief executive officer of Fidelity's retail operation from May 1985 to May 1991, and during his tenure the firm's retail assets rose almost four-fold to $83 billion and customer accounts grew to 7 million from 3 million, Fidelity said.
Insurance Executive: Let's Not Force Consumers to Play Roulette ...
MILWAUKEE, July 2 /PRNewswire-USNewswire/ -- Politicians and policy experts have plenty of Big Ideas about what needs to be done to fix our health care system. Raj Bal has a more modest proposal, which would not only be relatively simple and easy to implement, but also enable millions of consumers to make better decisions.
"Let's agree to share with consumers some basic information about charges for common physician office visits and hospital procedures," writes Bal, Chief Operating Officer for Assurant Health, in a column published in the Milwaukee Journal Sentinel on June 24. "It's difficult to justify why, when two consumers visit the same physician for the exact same reason, they will be charged different fees depending on their insurance coverage.
"Consumers shouldn't have to play roulette with the numbers hidden when base charges for something as simple as treating a child's ear infection can range from $50 to $150.
Clear Ink Names Marketing Industry Veteran Tod Rathbone SVP ...
BERKELEY, Calif.--(BUSINESS WIRE)--Clear Ink, a leading digital marketing strategy and services firm, announced today that it has appointed marketing industry veteran Tod Rathbone as senior vice president of strategic planning. In his new position, Mr. Rathbone is responsible for driving Clear Ink's strategic process, surfacing customer truths for clients and leveraging them into creative online engagements. "Tod's passion for innovation and his deep understanding of the online space make him an unmatched addition to the Clear Ink team," said David Burk, chairman and CEO, Clear Ink. "His extensive marketing background will help us prepare for significant growth and offer a great deal of strategic value to our clients." "As a marketing professional who has seen it all, I can say with confidence that the online world is the most exciting and effective way to reach consumers," said Tod Rathbone, senior vice president of strategic planning, Clear Ink.
Dire forecast: Housing slump likely to linger
Nationally known economist Mark Zandi told home builders and industry professionals meeting Wednesday in Orlando that the beleaguered U.S. housing industry could bleed for another year or more.
And Florida, he said, will be one of the states with the worst hemorrhaging.
"There's no sign at all of stabilization," said Zandi, a featured speaker at an industry forum related to the Southeast Building Conference, which opens today at the Orange County Convention Center.
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