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Putnam news from FierceFinance

News

U.S. moves to end financial crisis once and for all

Even after the bailout of Bear Stearns, of Fannie and Freddie, and then AIG, the government has decided that it needs to do more. So what we're seeing now are extraordinary moves that are designed to... Read more...

C&L: Executive Moves

> Merill Lynch appoints Eugene McQuade to head U.S. banks> Read more...

NYSE's Putnam's role to change

Jerry Putnam will be remembered as the man who really helped bring a new trading model to the New York Stock... Read more...

ALSO NOTED: First Republic to sell unit; Ex-Putnam employees settle with SEC; and much more...

Company News:
> Bear Stearns to open Saudi venture. Article
> First Republic to sell unit. Read more...

'Vinnie' comments enrage NYSE floor

Floor denizens at the New York Stock Exchange are used to being called dinosaurs, anachronisms and colorful characters and the like. Certainly, enough 'end of an era' stories about them have been... Read more...

NYSE shuffles top management

The NYSE Group has hired another big name Goldman Sachs executive. Duncan Niederauer will join the company as president and co-chief operating officer. He'll be in charge of cash equities... Read more...

C&L: Putnam's Alexander Kozhemiak moving to Standish.

Putnam exec Alexander Kozhemiak to move to Standish. RBC Capital announces Read more...

ALSO NOTED: NYMEX to invest in Montreal exchange; Another subprime lender bites the dust; and much more...

Company News:
> State Street to service Putnam. Article
> MVC Capital offers shares. Read more...

SPOTLIGHT: Putnam

At last, Putnam has been sold. Great-West Lifeco, a unit of Canada's Power Financial, will buy the fund company from Marsh & McLennan for $3.9 billion in cash. Read more...

Fund managers still wary of activism

The annual meeting season is upon us. While there will be more shareholder resolutions up for a vote than ever before, it's a fair bet that top mutual funds will most often side with management.... Read more...