MutualFundWire.com: Columbia's Q3 Net Loss Shrinks
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Friday, October 16, 2009

Columbia's Q3 Net Loss Shrinks


Columbia Management, whose long-term asset management business is in the process of being acquired by Ameriprise Financial from Bank of America, posted a net loss of $48 million in the third quarter, compared with a net loss of $356 million a year ago.

The $1 billion deal with Ameriprise, unveiled last month, is expected to close in the spring of 2010.


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