Search results for "Dow Jones Industrial Average" ...

• Wiped Out

  BUSINESSWEEK tells the tale of how roughly 90 Proctor & Gamble workers were lured into quitting their jobs by the siren's call of a local stockbroker who promised them untold riches. Bill Gibbs, the stockbroker, convinced older workers to quit their jobs so he could gain control of their company-funded retirement accounts. As Gibbs' original investments began to falter, he sank his clients' portfolios heavily into tech and Internet stocks just as those sectors were peaking and about to begin devastating declines. Within a year, most of these workers saw their life savings wiped out.

  Tags: A.G. Edwards; Procter & Gamble Co.; oil; health benefits; stockbroker; investing; life insurance; retirees; tech stocks; Internet stocks; portfolio; J.D. Power and Associates Inc.; First Union Brokerage; high yields; Dow Jones Industrial Average; Dow Dividend Strategy; Individual Retirement Account; Chevron; General Electric; General Motors; International Paper; 3M; high risk stocks; bankruptcy

  By Dean Foust

  Business Week

  2003

• Is the S&P 500 Rigged?

  Money Magazine reveals that in the late 1990s the committee that designs the Standard&Poor's 500-stock index "began making dozens of highly subjective, often damaging changes to the index." The changes, which occurred without warning or precedent, cost American investors about $100 billion. The story sheds light on how the S&P committee works, and reveals that it is "probably the most powerful - and secretive - force in the U.S. stock market." The report lists the 10 biggest losers in the S&P 5000 as of the end of 2000.

  Tags: mutual funds; business; investors; corporations; finances; Novell; Yahoo; Compuware; Sapient; BMC Software; Lucent; Adaptec; Broadvision; Conexant; Dow Jones Industrial Average; NASDAQ 100; P/E

  By Jason Zweig

  Money Magazine

  2001