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US mutual funds cut expenses by shifting billions to trusts

2015-03-09 07:29:03| Airlines - Topix.net

BOSTON: Mutual fund companies, including No. 2 Fidelity Investments, have slashed fees on their most popular funds by shifting billions of dollars into collective trusts not regulated by the US Securities and Exchange Commission.

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Novavax losses widen on expenses

2015-02-27 03:31:23| Biotech - Topix.net

Gaithersburg-based Novavax Inc., which began early stage clinical trials for an Ebola vaccine, reports wider quarterly losses on an increase in R&D expenses. Gaithersburg-based Novavax Inc. posted higher full year revenue, but rising research and development costs and a growing workforce increased expenses and widened fourth quarter losses.

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Levi swings to Q4 loss on revamp expenses

2015-02-13 11:00:00| Daily apparel & textile news and comment - from just-style.com

Levi Strauss & Co has booked mixed results in its fourth-quarter as it swung to a loss on revamp expenses but revenues grew thanks to an additional sales week in the period, which included Black Friday.

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Post loss widens on higher expenses

2015-02-06 06:31:24| Agriculture - Topix.net

Post Holdings Inc.'s loss widened sharply as the company logged higher expenses, largely related to acquisitions and a recent business reorganization. The St. Louis company, known for its Grape-Nuts and Fruity Pebbles brands, has been on a spending spree to diversify its business since its spinoff from Ralcorp Holdings Inc. in 2012.

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