News on Fidelity Investments

Fidelity's 2009 profit rises 5 percent

2010-02-25T10:17:57Z

<div id="subtitle">Fidelity Investments' 2009 profit rises 5 percent as fund performance improves</div><div><p>Fidelity Investments said Thursday its operating profit rose 5 percent last year, boosted in part by job cuts, as revenue continued to lag after two years of unusual volatility in financial markets.</p><p>The nation's largest mutual fund company also saw fund performance improve.&...

Fidelity reports 10-year 401k account performance

2010-02-22T09:03:16Z

<div id="subtitle">Fidelity: Commitment to saving helped 401k accounts grow despite volatile market</div><div><p>If you had money in the stock market over the past decade, you probably agree that it was one bumpy experience. It might lead you to think your retirement account didn't fare too well. A new study by Fidelity Investments shows consistent contributions and sta...

Fidelity cuts trade commissions to flat $7.95 fee

2010-02-22T12:40:55Z

<div id="subtitle">Fidelity cuts stock trading commissions to $7.95 for all customers; gets ETF pact with iShares</div><div><p>Fidelity Investments on Tuesday undercut its brokerage rivals, reducing its online stock trading commission to a flat fee of $7.95, four weeks after Charles Schwab C...

Fidelity Investments President Lawson to retire

2010-02-22T17:29:43Z

<div id="subtitle">Fidelity Investments President Rodger Lawson to retire; 79-year-old CEO staying for now</div><div><p>Fidelity Investments President Rodger Lawson is retiring at the end of March after two-and-a-half years reorganizing a company that's now on better financial footing, but also about 9,000 employ...

A look at Fidelity Investments

2010-02-22T17:25:24Z

<div id="subtitle">Fidelity Investments at a glance</div><div><p>A look at Fidelity Investments:</p><p>HISTORY: Founded in Boston in 1946 by Edward C. Johnson II to act as investment adviser to the Fidelity Fund.</p><p>TOP EXECUTIVE: Chairman and Chief Executive Edward C....

Retiree Annuities May Be Promoted by Obama Aides

2010-02-22T20:44:32Z

<div><p> By Theo Francis </p><p> [Bloomberg] -- The Obama administration is weighing how the government can encourage workers to turn their savings into guaranteed income streams following a collapse in retiree accounts when the stock market plunged. </p><p> The Fidelity Investments, Charlie Chai, a portfolio manager of the Fidelity Select Technology Fund, is shown. (AP Photo/ Fidelity Investments)

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Fantasy sports at work spark concerns after report

2010-02-23T15:01:45Z

<div><p>BOSTON (Reuters) - Fantasy sports leagues are fighting back after a report that Fidelity Investments recently fired four workers for playing fantasy football on the job.</p><p>Paul Charchian, president of The Fidelity Investments slashing fees on 529 college savings plans in 5 states</div><div><p>Fidelity Investments says it is slashing maintenance fees on the 529 college savings plans it runs in five states.</p><p>Fees on indexed plans will be cut in half, while fees on actively managed and advisor-sold plans will be cut by a t...

Vanguard: 60 percent of 401k accounts recovered

2010-02-23T21:59:43Z

<div id="subtitle">Vanguard: Market upswing and new contributions help 401k accounts recover</div><div><p>Another major provider of 401(k) accounts says the typical retirement saver now has more money in their account than they did before the stock market began tumbling two years ago.</p><p>The Vanguard Group Inc. said Wednesday that 60...

Fidelity launches new tool for "breakaway brokers"

2010-02-24T03:18:17Z

<div><p>NEW YORK (Reuters) - Fidelity Investments has launched a service to help retail brokers determine how profitable it would be for them to leave their brokerage house and hang out their own shingle.</p><p>The online calculator is a way for Fidelity to boost its revenue from an increasingly important...

Fidelity: Staying the course worked for millions

2010-02-24T03:19:49Z

<div id="subtitle">Fidelity: Many active, diversified retirement accounts are recovering</div><div><p>If you had a good mix of stocks and bonds in your retirement account and you left it alone through the market madness of the past year, more than likely you're in good shape now.</p><p>A report by Fidelity Investments released Thursday shows ...

Fidelity, Vanguard discuss money fund backstop: report

2010-02-25T05:16:19Z

<div><p>CHICAGO (Reuters) - Fidelity Investments and Vanguard Group Inc. are among those discussing the creation of a cash reserve to blunt a run on money markets like the one that occurred last September, acco...

Fidelity Investments

2009-08-19T14:31:19Z

In this undated photo provided by Fidelity Investments President Rodger Lawson is shown. (AP Photo/Fidelity Investments)

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Fidelity Investments reports market share gains

2010-02-25T18:10:24Z

<div id="subtitle">Fidelity Investments reports market share gains but has no plans to enter ETF fray</div><div><p>Fidelity Investments' moves to reorganize and diversify beyond its core mutual fund business are paying off.</p><p>The nation's largest mutual fund company is reporting market share gains this year and more money flowing in acros...

Fidelity: Workers again putting more into 401(k)s

2010-02-25T21:20:50Z

<div id="subtitle">Fidelity Investments: Workers again putting more into 401(k)s, reversing recent trend</div><div><p>Workers are again embracing 401(k) plans after the market meltdown and ongoing recession left many unable or unwilling to set aside some of their paychecks for retirement, according to the nation's largest workplace savings plan provider.</p&g...

CORRECTED: Young investors wary of jumping into market

2010-02-26T00:27:30Z

<div><p>BOSTON (Reuters) - Young investors may accept the argument that those who begin investing when stocks are cheap end up with more retirement money, but after the turmoil of the past year, some find it hard to put their money in the market.</p><p>Asset managers and analysts say that those who invest in rock-bottom stocks of a bear market will see share values rise for d...

Young investors wary of jumping into market lows

2010-02-26T00:20:47Z

Fidelity National raises full-year outlook

2010-02-26T03:35:47Z

<div id="subtitle">Fidelity National raises full-year outlook after 2nd-quarter profit shrinks</div><div><p>Fidelity National Information Services Inc. said Tuesday its second-quarter profit fell nearly 18 percent on lower revenue, but the provider of processing services for financial institutions raised its full-year profit...

Fidelity holders reject 'genocide-free' proposal

2010-02-26T09:11:09Z

<div id="subtitle">Fidelity fund shareholders reject 'genocide-free' investment-screening proposal</div><div><p>Shareholders at four Fidelity Investments mutual funds have rejected a measure that seeks to screen out investments possibly linked to genocide in international hot spots like Sudan's