Monday, December 10, 2012
Posted by JRohio at 12:25 PM
10 December 2012, by Ronald D. Orol - Washington (MarketWatch)
The Securities and Exchange Commission on Monday charged eight mutual fund directors for allegedly failing to properly oversee the value of securities as the housing market was on the brink of a financial crisis.
The SEC said that mutual funds involved were the RMK High Income Fund, RMK Multi-Sector High Income Fund, RMK Strategic Income Fund, RMK Advantage Income Fund and Morgan Keegan Select Fund.
The SEC and other regulators previously charged the funds' managers with fraud and the firms later agreed to pay $200 million to settle charges.
Posted by JRohio at 12:18 PM
According to the report, Microsoft's operating systems have gone from 97 percent of all computing devices in 2000 -- back when desktop and laptop PCs were dominant -- to 20 percent expected in 2012 -- when PCs, tablets and smartphones are all part of the computing-device picture.
Here's a chart from the report showing part of that shift. (The chart shows consumer computing devices, rather than total computing devices -- which includes both consumer and commercial. That's why Microsoft is shown is having 93 percent in 2000 in the chart, as opposed to 97 percent.)
Posted by JRohio at 12:17 PM