Investing.

FUND CLOSINGS: Fidelity Japan Smaller Companies, Masters' Select Smaller Companies, Third Avenue Small-Cap Value and Leuthold Core Investment shut to new investors. Leuthold will launch a new fund with "similar characteristics."

QUICK GAIN: Education Management, the subject of a favorable article in our March issue ("A Class Act"), agrees to a buyout at $43 a share, The stock was $32 when we wrote about it.

BACK DOOR: Until May 31, you can invest in closed T. Rowe Price Mid-Cap Growth by buying Preferred Mid Cap Growth. The funds will merge in June.

OOPS: Pax World Balanced inadvertently sells more shares than legally authorized. A shareholder vote corrects the misstep.

CONTRARIAN: Merrill Lynch strategist Richard Bernstein ranks consumer products, which includes such items as food, tobacco and beverages, as his favorite sector. Consumer products is one of the market's most out-of-favor categories.

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