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Shareholders Approve Metavante, Fidelity Merger
Posted on September 4th, 2009 No commentsMetavante Technologies Inc. and Fidelity National Information Services Inc. have received overwhelming shareholder approval of their proposed $3 billion merger. The sale is expected to close Oct. 1, reported The Business Journal of Milwaukee and the Milwaukee Journal Sentinel.
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M&I Stock On the Mend After Ratings Hit
Posted on September 4th, 2009 No commentsShares of Marshall & Ilsley Corp. recovered a bit after a “rating watch negative” designation by Fitch Ratings had sent the stock downward, The Business Journal of Milwaukee reported.
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Investors Let Emotions Rule Decisions
Posted on September 4th, 2009 No commentsMany investors do not adhere to the discipline of dollar-cost averaging, instead allowing emotions to drive their decisions. According to a July 2008 study by Dalbar, Inc. and Lipper, the average stock fund investor achieved only a 4.5 percent return per year at the same time that the average stock fund returned 11.6 percent a year. Read more in the Small Business Times of Milwaukee.
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Elan Acquires Associated Bank Card Portfolio
Posted on September 4th, 2009 No commentsMinneapolis-based Elan Financial Services has acquired Green Bay-based Associated Bank’s credit card portfolio, the Small Business Times of Milwaukee reported.