Running with the 401(k) money
From San Francisco Examiner
More people than ever are investing in their 401(k) plans but more are also using their money before retirement, says a study conducted by Hewitt Associates, the Lincolnshire, Ill.-based management consulting firm. The study found that 57% of participants in 401(k) retirement-savings plans took cash payments when they changed jobs last year, down from 64% five years earlier, but still too high a rate, according to the 401(k) industry.

X.com talks the talk
From TheStreet.com
X.com is highlighted in the mutual fund section of TheStreet.com. The online bank plans to offer its own range of in-house products, while most online financial sites to date have traveled the link-and-aggregate route. The company will make a small family of mutual funds available to those who open an account, launched at the same time as the site, later this year. The company announced last week that Barclays Global Investors will run its S&P 500 Index fund and LB Bond Index fund.

What happened to the info?
From TheStreet.com
Mutual fund companies are missing the point of the Internet, according to TheStreet.com. After a week of heavy volatility none of the large fund company Web sites took the time to explain or share timely insights on market volatility with their shareholders. Beyond a few articles here and there fund sites are not offering timely information and little or no commentary at all.

Closing time ... 4 p.m.
From The Wall Street Journal
Dinner will still be hot when mutual fund managers get home despite extended trading days. Large fund companies surveyed this week say they have no plans to change their practice of pricing mutual funds at the normal market closing time of 4 p.m. Eastern time. Extended trade-reporting hours will begin Monday at the New York Stock Exchange and the Nasdaq Stock Market. Most fund managers said that unless they see more opportunities, business will be conducted as usual.

Chase gets H&Q
From The New York Times
In case you didn't read the story on the MFWire.com, Chase agreed Tuesday to buy San Francisco-based Hambrecht & Quist for $1.35 billion, giving one of America's dominant traditional banks an entree into the world of Internet start-ups and bringing it a step closer to becoming a full-service financial concern.
Other related stories:

The Street.com

Funds in the Press

Neuberger Berman's Socially Responsive Fund is highlighted in Investor's Business Daily. The roster of top holdings in this fund reads like that of many leading traditional value funds. It might not be a coincidence because companies with a strong environmental record and favorable working conditions also often perform well financially.

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