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Fidelity's Magellan fund buys big banks in September (Reuters)
BOSTON (Reuters) - Fidelity Investments' flagship Magellan fund sharply raised its holdings of Bank of America Corp and JPMorgan Chase & Co in September, as it moved into bigger U.S. banks amid the worsening credit crisis.
- www2.tbo.com
Florida Pension Fund Loses A Quarter Of Its Value (The Tampa Tribune)
Florida's public employee pension plan has lost more than a quarter of its peak value, but Gov. Charlie Crist and other officials Monday said the fund is built for the long haul and there's no need to panic.
- www.bloomberg.com
Asian Stocks Drop for Second Day as Job Cuts Mount; HSBC Falls (Bloomberg)
Nov. 18 (Bloomberg) -- Asian stocks fell for a second day, led by financial and technology companies, as the global economic recession drives companies to reduce employee numbers and output.
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