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- www.usatoday.com
Reserve fund's woes undercut mantra of safety, liquidity (USA Today)
"It's supposed to be a mantra. Every morning, every night, a money fund provider should be safety of principal, liquidity, a reasonable rate of return and a sound night's sleep. And they forgot the mantra," said Bruce Bent, founder of The Reserve, one of the largest money market firms. But The Reserve saw its flagship Primary Fund notify startled investors it could not pay them all they were ...
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HARRISBURG, Pa. , Nov. 5 /PRNewswire-USNewswire/ -- Governor Edward G. Rendell today said a real estate development venture in downtown Warren and another in Philadelphia's University City neighborhood are examples of projects that are revitalizing ...