Wednesday, May 22 2013 5:16 AM EDT2013-05-22 09:16:17 GMT
Nearly 60-thousand "Lea" panel, loft and bunk beds in various sizes are being recalled. It turns out the side mattress support rails can break, posing a fall hazard. The rails are on 34 different LeaMore >>
Nearly 60-thousand "Lea" panel, loft and bunk beds in various sizes are being recalled.More >>
Wednesday, May 22 2013 9:32 PM EDT2013-05-23 01:32:31 GMT
ORLANDO, FL (RNN) – A man with possible ties to a Boston Marathon bombing suspect was shot and killed after the FBI interviewed him early Wednesday. The FBI confirmed a special agent fatally shot a manMore >>
A man killed Wednesday during questioning by the FBI said he and Boston bombing suspect Tamerlan Tsarnaev were accomplices in a 2011 slaying. More >>
Wednesday, May 22 2013 9:31 PM EDT2013-05-23 01:31:09 GMT
New York Yankees pitcher Hiroki Kuroda has left a game against the Baltimore Orioles because of an injury. Kuroda gave up a third-inning single to Chris Davis before grimacing near the mound in pain.More >>
Kuroda pitched two-plus innings before leaving. He gave up five runs and eight hits, including two homers.More >>
Wednesday, May 22 2013 9:26 PM EDT2013-05-23 01:26:04 GMT
An Evansville man has been arrested on charges of child exploitation. Around 9:00 Wednesday morning, Indiana State Police and detectives from the Indiana Internet Crimes Against Children Task Force executedMore >>
During an investigation, detectives were able to download multiple images depicting child pornography and trace the online activity to an Evansville man's home. More >>
Wednesday, May 22 2013 9:21 PM EDT2013-05-23 01:21:38 GMT
Aretha Franklin is taking off the month of June. A spokesman for the 71-year-old singer says Franklin will reschedule two shows and resume her touring schedule in July. Publicist David Brokaw providedMore >>
Aretha Franklin announced earlier this month that she would cancel scheduled performances in Chicago and Connecticut this week to undergo medical treatmentMore >>
Information contained on this page is provided by companies via press release distributed through PR Newswire, an independent third-party content provider. PR Newswire, WorldNow and this Station make no warranties or representations in connection therewith.
SOURCE Neuberger Berman Group LLC
NEW YORK, March 18, 2013 /PRNewswire/ -- In response to client demands for increased transparency and flexibility in the retirement plan marketplace, Neuberger Berman Group LLC, is pleased to introduce retirement share classes (R6 Shares) for seven of its mutual funds.
The new R6 Shares offer a lower cost option to retirement plan advisers and their plan sponsor clients and will initially be available for the following funds: NB Emerging Markets Equity; NB Genesis Fund; NB High Income Bond Fund; NB Mid Cap Growth Fund; NB Real Estate Fund; NB Socially Responsive Fund; and NB Strategic Income Fund.
The new R6 Shares will be offered at net asset value (NAV) without front-end sales charges, contingent deferred sales charges (CDSC), or 12b-1 fees and are available for purchase on March 15, 2013. Neuberger Berman currently manages $19 billion in defined contribution plan assets as of December 31, 2012.
"We understand the many issues facing our plan sponsor clients and their underlying participants. To address the need for fee transparency, we are excited to add these share classes to some of our best performing and in demand mutual funds," said Scott Kilgallen, managing director of the Financial Institutions Group at Neuberger Berman. "We are also looking to add more R6 Shares to our mutual fund line-up over time," he said.
About Neuberger Berman Neuberger Berman is a private, independent, employee-controlled investment manager. It partners with institutions, advisors and individuals throughout the world to customize solutions that address their needs for income, growth and capital preservation. With more than 1,700 professionals focused exclusively on asset management, it offers an investment culture of independent thinking. Founded in 1939, the company provides solutions across equities, fixed income, hedge funds and private equity, and had $205 billion in assets under management as of December 31, 2012. For more information, please visit our website at www.nb.com.
An investor should consider a Fund's investment objectives, risks and fees and expenses carefully before investing. This and other important information can be found in each Fund's prospectus, which can be obtained by calling 877.628.2583. Please read it carefully before making an investment. The prospectus contains a more complete discussion of the risk of investing in the Funds.
To the extent that a fund emphasizes small-, mid- or large-cap stocks, it takes on the associated risks. At times, large-cap stocks may lag other types of stocks in performance, which could cause a fund holding those stocks to perform worse than certain other funds. Small- or mid-cap stocks may fluctuate more widely in price than the market as a whole; underperform other types of stocks or be difficult to sell when the economy is not robust or during market downturns; be more affected than other types of stocks by the underperformance of a sector emphasized by the fund.
The value of an individual security or a particular type of security can be more volatile than the market as a whole and can perform differently from the value of the market as a whole.
Stock markets are volatile and may decline significantly in response to adverse issuer, political, regulatory, market or economic developments. To the extent that the fund sells stocks before they reach their market peak, it may miss out on opportunities for higher performance.
Neuberger Berman Emerging Markets Equity Fund Investing in foreign securities involves greater risks than investing in securities of U.S. issuers, including currency fluctuations, interest rates, potential political instability, restrictions on foreign investors, less regulation and less market liquidity, as more fully described in the prospectus. Governments of emerging market countries may be more unstable and more likely to impose capital controls, nationalize a company or an industry, place restrictions on foreign ownership and on withdrawing sales proceeds of securities from the country, and/or impose burdensome taxes that could adversely affect security prices.
Neuberger Berman Genesis Fund With a valuation-sensitive approach, there is also the risk that stocks may remain undervalued during a given period. This may happen because value stocks, as a category, lose favor with investors compared with growth stocks, or because of a failure to anticipate which stocks or industries would benefit from changing market or economic conditions. To the extent that a fund invests more heavily in one sector, it presents a more concentrated risk.
Neuberger Berman High Income Bond Fund & Neuberger Berman Strategic Income Fund A bond's value may fluctuate based on interest rates, market conditions, credit quality and other factors. Generally, bond values will decline as interest rates rise. You may have a gain or a loss if you sell your bonds prior to maturity. Bonds are subject to the credit risk of the issuer. High-yield bonds, also known as "junk bonds," are considered speculative and carry a greater risk of default than investment-grade bonds. Their market value tends to be more volatile than those of investment-grade bonds. Please see the prospectus or summary prospectus for a more comprehensive overview of the risks entailed with fixed income investing.
Investing in lower-rated debt securities involve greater risks than investment-grade debt securities. This may include the risk that its holdings may fluctuate more widely in price and yield than investment-grade bonds, fall in price when the economy is weak or is expected to become weak, be difficult to sell at the time and price a fund desires or carry higher transaction costs. Performance may also suffer if an issuer of bonds held by a fund defaults on its debt obligations.
Neuberger Berman Real Estate Fund A fund's concentration in real estate investments subjects it to greater potential risks and volatility than a more diversified portfolio, and the value of its shares may decline due to events affecting the real estate industry, as more fully described in the prospectus. The Fund is considered non-diversified. As such, the percentage of the Fund's assets invested in any single issuer is not limited by the Investment Company Act of 1940. Investing a higher percentage of its assets in any one issuer could increase the Fund's risk of loss and its share price volatility, because the value of its shares would be more susceptible to adverse events affecting that issuer.
Neuberger Berman Socially Responsive Fund The Fund's social policy could cause it to underperform similar funds that do not have a social policy. Among the reasons for this are: undervalued stocks that do not meet the social criteria could outperform those that do, economic or political changes could make certain companies less attractive for investment, and the social policy could cause the Fund to sell or avoid stocks that subsequently perform well.
Neuberger Berman Mid Cap Growth Fund The stocks of mid-cap companies are often more volatile and less liquid than the stocks of larger companies and may be more affected than other types of stocks by the underperformance of a sector or during market downturns. Compared to larger companies, mid-cap companies may have a shorter history of operations, and may have limited product lines, markets or financial resources. Because the prices of most growth stocks are based on future expectations, these stocks tend to be more sensitive than value stocks to bad economic news and negative earnings surprises. Bad economic news or changing investor perceptions can negatively affect growth stocks across several industries and sectors simultaneously.
This material is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied on as such. Opinions expressed are as of the date herein and are subject to change without notice. This material is not intended to be a formal research report and should not be construed as an offer to sell or the solicitation of an offer to buy any security.
Wednesday, May 22 2013 6:00 PM EDT2013-05-22 22:00:02 GMT
An Evansville Police Officer was injured while trying to arrest a fleeing drug dealer on Tuesday afternoon. Police stopped an SUV after the driver committed several traffic violations. Officers pulledMore >>
Police stop an SUV on the north side of Bayard Park. The result: an officer injured, a chase with a suspect, and three men arrested on a variety of charges.More >>
Tuesday, May 21 2013 3:29 PM EDT2013-05-21 19:29:04 GMT
For months, concerns had been raised about the welfare of Lucas Webb. Born Jan. 3, 2008, Lucas knew much pain and suffering in his four short years. More >>
State records released Monday show how Missouri social workers failed to adequately pursue allegations of abuse involving a preschooler. Lucas Webb, 4, would die five days after the state closed the abuse investigation.More >>
Wednesday, May 22 2013 6:21 PM EDT2013-05-22 22:21:12 GMT
(RNN) - British officials are saying one man is dead and two others were injured in a possible terrorist attack in London on Wednesday.According to BBC News, eyewitnesses said man was attacked in a streetMore >>
One man is dead after two men attacked him in broad daylight with knives and meat cleavers. More >>
Wednesday, May 22 2013 9:06 PM EDT2013-05-23 01:06:34 GMT
Gibson Co. dispatch confirms a report of shots fired in the area of Los Aztecas on W. Broadway in Princeton. According to our media partner, the Princeton Daily Clarion, shooting suspect fled the sceneMore >>
Princeton Police Chief W.W. George tells 14 News the suspect, believed to be her boyfriend, shot the woman as she and her 13-year-old son were walking in the Los Aztecas parking lotMore >>
Tuesday, May 21 2013 2:46 PM EDT2013-05-21 18:46:43 GMT
We are excited to announce you'll now be able to watch all of our newscasts, and severe and breaking news on your iPhone or iPad (It may work on some Android phones, too, but you may need to wait for anMore >>
We should be on the air (minus commercials) from 4:30-7:00 AM; from 11:00-12:00 AM; from 4-5:30 PM; from 6:00-6:30 PM; and from 10:00-10:30 PM. Plus anytime we are on the air for breaking news or weather, we'll be broadcasting live on your phoneMore >>