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Frank Franklin Ii  /  AP file New York State Attorney General Eliot Spitzer launched the investigation into the mutual fund industry after receiving a tip about trading activities of a hedge fund. updated 12/29/2003 9:59:43 PM ET 2003-12-30T02:59:43 For a year in which there was so much good news emanating from the economy and the financial markets, there sure was a lot of bad news too. Investors who enjoyed the first winning year on the stock market since 1999 also had to endure yet another year of scandal. This time the spotlight focused on the giant mutual fund industry and the New York Stock Exchange itself -- institutions that touch the lives of virtually every investor. The economy finally began showing signs of life, but only after U.S. companies trimmed their already-spare payrolls even further. Here are...

The University of Bath has received a significant new government investment to develop the Institute for Advanced Automotive Propulsion Systems. The Institute for Advanced Automotive Propulsion Systems (IAAPS) will be a global centre of excellence, delivering transformational research and innovation into advanced propulsion systems . Located at the Bristol and Bath Science Park , it will lead the development of future generations of ultra- low emission vehicles and attract sector-related businesses to the region, generating economic growth . IAAPS is scheduled to open in early 2020. The Institute will exploit the engineering expertise of the University of Bath for the benefit of the UK’s automotive industry. IAAPS will stimulate over £67m in additional automotive research investment by 2025, creating an additional turnover of £800 million for the UK automotive sector and supporting nearly 1,900 new highly productive jobs . The capital investment of £28.9 million announced from t...

The University of Bath has received significant new government investment to develop the Institute for Advanced Automotive Propulsion Systems . Global centre of excellence [embedded content] The Institute for Advanced Automotive Propulsion Systems (IAAPS) – funding announcement from University of Bath on Vimeo. The Institute for Advanced Automotive Propulsion Systems (IAAPS) will be a global centre of excellence, delivering transformational research and innovation into advanced propulsion systems . Located at the Bristol and Bath Science Park , it will lead the development of future generations of ultra- low emission vehicles and attract sector-related businesses to the region, generating economic growth . IAAPS is scheduled to open in early 2020. The Institute will exploit the engineering expertise of the University of Bath for the benefit of the UK’s automotive industry . IAAPS will stimulate over £67m in additional automotive research investment by 2025, creating an additiona...

NEW YORK -- Apollo Management L.P. ("Apollo") today announced that its affiliates have signed a definitive merger agreement to purchase Jacuzzi Brands , Inc. (NYSE: JJZ) in a transaction having a total value of $1.25 billion, including the assumption of $257 million of outstanding debt, net of cash. Under the terms of the merger agreement, Jacuzzi Brands shareholders will receive $12.50 per share in cash. The transaction, which is expected to close in the first quarter of 2007, will be financed through a combination of equity and debt and is subject to the customary closing conditions , including receipt of equity and debt financing, regulatory approval and approval by Jacuzzi Brands ' shareholders. The Board of Directors of Jacuzzi Brands has approved the merger agreement and has recommended to Jacuzzi Brands ' shareholders that they vote in favor of the transaction. Apollo also announced that, upon closing, Jacuzzi Brands ' water management business ("Z...

NEW YORK--( BUSINESS WIRE )-- Apollo Management L.P. ( “ Apollo ” ) today announced that its affiliates have signed a definitive merger agreement to purchase Jacuzzi Brands , Inc. (NYSE: JJZ) in a transaction having a total value of $1.25 billion, including the assumption of $257 million of outstanding debt, net of cash. Under the terms of the merger agreement, Jacuzzi Brands shareholders will receive $12.50 per share in cash. The transaction, which is expected to close in the first quarter of 2007, will be financed through a combination of equity and debt and is subject to the customary closing conditions , including receipt of equity and debt financing, regulatory approval and approval by Jacuzzi Brands ’ shareholders. The Board of Directors of Jacuzzi Brands has approved the merger agreement and has recommended to Jacuzzi Brands ’ shareholders that they vote in favor of the transaction. Apollo also announced that, upon closing, Jacuzzi Brands ’ water management business ( “ ...

Free solo mountaineering puts the climber at constant risk of death. Alex Honnold, pictured here in Kenya, doesn’t seem to care. PHOTO COURTESY OF THE NORTH FACE/TED HESSER Advertisement Alex Honnold was scrambling. This was five years ago, five years before the 31-year-old from Carmichael accomplished the greatest feat in rock- climbing history . It was mid-summer, 2012, and Honnold was on North Palisade in the eastern Sierra Nevada , in trouble. The fourth-highest summit among the 15 peaks in California with 14,000-plus-feet of elevation, North Palisade isn ’t considered particularly technical. But it’s challenging—especially when something goes wrong. Honnold’s plan had been to negotiate all the California 14ers in a two-week span. But he got sidetracked when he pulled off a big chunk of rock, and it was heading his way fast. He recalls the occasion over breakfast at the recent Outdoor Retailer trade show in Salt Lake City . He’s done thousands of climbs, but his issue on the So...