On-line new year's resolutions

Article Abstract:

Mutual fund investors who use on-line information services to help them select investment funds often bypass important analysis and decision making because the technology makes the process so easy. These investors should remember a number of guidelines about trading with online services that will help prevent losses. Investors should avoid jumping from fund to fund on the basis of online advice because they will quickly use up their investment return on commission and sales fees. Another good idea is to keep in mind a long term investment goal that will help the investor stay on a single investment path and not invest unwisely. Investors should avoid simply picking the most successful fund at the end of the year to put all their money into and should not use online services that follow this simplistic strategy.

Investment Banking and Securities Dealing, Investment Banking, Security brokers and dealers, Investment banks, Investments, Online information services, Information services, Mutual funds, Online information service, Guidelines, Mutual Fund

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Yahoo offering means millions for founders

Article Abstract:

Yahoo! founders David Filo and Jerry Yang stand to make as much as $60 million each, when their online directory company undergoes its IPO in the first half of 1996. Yahoo! will offer 10% of its 26 million shares of stock to investors in the IPO, and the shares are expected to open between $10 and $12 per share. Yahoo! only employs approximately 39 people and has only been in business for one year, but the company will be worth between $257 million and $308 million after the IPO. However, analysts suggest that the 27 corporate risk factors that Yahoo! listed with the SEC in its preparation for the IPO indicate that the company's future is not secured and that certain events could transpire that would limit Yahoo!'s market-relevancy.

On-Line Information Services, Database Vendors, Information retrieval services, Finance, Database industry, Securities, Yahoo! Inc., Initial public offerings, Company securities, Company public offering

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Pennsylvania sues Allstate, alleging it deterred legal help

Article Abstract:

People in accidents with Allstate policyholders have been getting a pamphlet entitled "Do I Need an Attorney?" There are six class-action suits from around the country against Allstate with respect to this practice, but in Pennsylvania, the attorney general's office is suing the company. For the people who are persuaded to take the advice of the pamphlet, they risk giving Allstate permission to obtain records the firm has no need for, employment and medical. The Pennsylvania suit is seeking penalties and a halt to the practice.

Legal issues & crime, Direct Property and Casualty Insurance Carriers, Pennsylvania, Fire, marine, and casualty insurance, Auto Insurance, Cases, Insurance industry, Abstract, Automobile insurance, Allstate Corp., ALL

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