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Thank you for visiting HPP ,we appreciate you. High Plains Patriots.
04/11/12
BOSTON (Reuters) - Hedge fund superstar Andreas Halvorsen is putting more trust in his junior portfolio managers.
04/11/12
WASHINGTON (Reuters) - By various accounts, Apple Inc. is now bigger than Spain, Portugal and Greece (combined), or the entire retail sector of the U.S. economy, or 13 Warren Buffetts. What are we to...
04/11/12
BOSTON (Reuters) - In recent weeks, Eva Chung's family watched with pride as acceptance letters arrived from all seven of the colleges to which she applied.
04/11/12
WASHINGTON (Reuters) - A new Internal Revenue Service team looking at the business activities of the ultra-wealthy has missed its own goals, reviewing only one privately held company and 10...
04/11/12
(Reuters) - Secondary stock offerings by U.S. companies grabbed most of the equity capital markets activity in the first quarter, spurred by a sluggish market for IPOs and private equity investors...
04/10/12
NEW YORK (Reuters) - It's one of the worst tax time scenarios: You discover while doing your taxes — or you just know without even doing them —that you owe taxes, and you don't have the cash. What...
04/10/12
(Reuters) - Things are getting sticky for the Swiss and their franc.
04/09/12
CHICAGO (Reuters) - During the financial market turbulence of recent years, fund marketers have launched a number of stock funds that boasted exceptionally low volatility. They were the equivalent of...
04/09/12
NEW YORK, April 9 Reuters - A funny thing happened on the way to the death of the traditional mutual fund, foretold by some analysts. It hasn't happened.
04/05/12
(Reuters) - Any U.S. corporate executives who think they can use the Jobs Act's relaxed rules for public listing to cut corners on accounting and disclosure may want to think again.
04/05/12
NEW YORK (Reuters) - The first call my husband and I made after closing in March on a two-family house in Brooklyn, New York, was to a rental agent. We were becoming landlords and we wanted to get...
04/05/12
LONDON (Reuters) - Silver bulls may be hoping that the metal's healthy first-quarter price rise is the first step back towards record highs. Not so fast.
04/04/12
(Reuters) - So now we will finally get to see if the stock market can stand on its own two feet.
04/04/12
NEW YORK (Reuters) - Stomach hurting? Feeling a migraine coming on? It might not be a virus or allergies; it might be your finances.
04/04/12
WASHINGTON (Reuters) - The generation that invented "helicopter parenting" is moving into its grandparenting years with a wad of cash and strong ideas about how their precious posterity should live,...
04/04/12
(Reuters) - People make a lot of dumb investing mistakes. And they should not expect financial advisers to correct them.
04/04/12
(The author is a Reuters contributor. The opinions expressed are her own.)
04/04/12
(The author is a Reuters contributor. The opinions expressed are her own.)
04/04/12
(The author is a Reuters contributor. The opinions expressed are his own.)
04/04/12
(Reuters) - Yahoo Inc said it was laying off 2,000 employees, signaling a broad shakeup of the company.
04/04/12
(Reuters) - Moody's on Tuesday downgraded the ratings of conglomerate General Electric Co and its finance unit General Electric Capital Corp. each by a notch to reflect risks in GE Capital's funding...
04/04/12
LONDON (Reuters) - Euro zone businesses floundered in March and growth among Asian firms cooled, but data on Wednesday portrayed a resilient U.S. jobs market last month, underscoring widening fault...
04/04/12
LONDON (Reuters) - After so many false dawns, long-term investors face the growing problem of how to recognize a genuine, sustainable recovery in global markets - whenever it eventually shows up.
04/03/12
(Reuters) - With the baseball season starting and fans already talking about football lineups, buyers are looking for ticket opportunities the way investors analyze stock performance for undervalued...
04/02/12
(Reuters) - France faces the frightening and humiliating, if narrow, chance that by the end of this year it may no longer qualify as a paid-up member of core Europe.
04/02/12
CHICAGO (Reuters) - Want to vote with your dollars when it comes to environmental concerns? One way is to invest in environmentally focused mutual and exchange-traded funds, although you may be...
04/02/12
NEW YORK (Reuters) - About 11 million homeowners owe more than their homes are worth, according to real estate data firm CoreLogic, and while taxes may not be the first thing they think about in...
04/02/12
LONDON (Reuters) - Some artists prefer not to talk about the value of their work. Damien Hirst clearly revels in it, going so far as to call art "the greatest currency in the world".
04/02/12
DUBAI (Reuters) - London-based Ethical Asset Management has launched what it calls the world's first "investment sukuk", aiming to resolve a major area of controversy in Islamic finance by treating...
04/02/12
LONDON (Reuters) - A private equity arm of Goldman Sachs is looking to launch a $3 billion property debt fund in a bid to take advantage of a growing shortage of real estate financing across the UK...
04/02/12
(Reuters) - Wells Fargo & Co opened its new Abbot Downing business on Monday, merging two of its wealth management units under a new brand it hopes will expand its market share of America's richest...
03/30/12
WASHINGTON (Reuters) - The finances of public pensions rebounded in the final quarter of 2011 from the quarter before, but the cash and security holdings were still below end-of-2010 levels,...
03/30/12
NEW YORK (Reuters) - What if there was a rally, and nobody came?
03/30/12
NEW YORK (Reuters) - Three prominent hedge fund managers each made more than $2 billion in 2011, a year when most traders failed to earn money for their wealthy customers, according to an annual...
03/30/12
(Reuters) - New U.S. Securities and Exchange Commission rules that could require certain brokers to act in clients' best interests should enhance, not replace, laws that establish responsibilities...
03/30/12
WASHINGTON (Reuters) - Consumer spending increased by the most in seven months in February as households shook off a rise in gasoline prices, suggesting the economy may not have slowed as much this...
03/30/12
(Reuters) - When Will Flaherty, 23, applied for a job as director of communications for SeatGeek, an aggregator of sporting-event and concert-ticket websites, he had to jump through several...
03/29/12
(Reuters) - Best Buy Co reported weaker-than-expected quarterly sales and said it would close 50 large U.S. stores and lay off another 400 employees, disappointing investors looking for even deeper...
03/29/12
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Thursday that he expects the U.S. economy to return to a long-term growth rate around three percent over time.
03/29/12
WASHINGTON (Reuters) - The finances of public pensions rebounded in the final quarter of 2011 from the quarter before, but the cash and security holdings were still below end-of-2010 levels,...
03/29/12
(Reuters) - Best Buy Co reported weaker-than-expected quarterly sales and said it would close 50 large U.S. stores and lay off another 400 employees, disappointing investors looking for even deeper...
03/29/12
(Reuters) - The biggest U.S. brokerages have set their sights set on attracting the wealthiest Americans, but a new study concludes a growing number of multi-millionaire households are taking their...
03/29/12
LONDON (Reuters) - Laxey Partners is calling on Alliance Trust to raise its dividend, the latest move by the Isle of Man-based hedge fund to try to shake up performance at one of Britain's largest...
03/29/12
BOSTON/NEW YORK (Reuters) - Goldman Sachs' leadership restructuring deal with a powerful union allows Lloyd Blankfein to keep both his titles of chairman and chief executive officer and present a...
03/29/12
BOSTON/NEW YORK (Reuters) - Hedge fund managers are increasingly nervous about getting a knock on the door from U.S. securities regulators now that a new rule requires them to register as investment...
03/28/12
NEW YORK (Reuters) - UBS AG's American wealth management arm has pulled firmly ahead in the race to attract top brokers, using aggressive recruiting tactics and rich signing bonuses to edge out...
03/28/12
NEW YORK (Reuters) - Don't look now, but your retirement savings plan may not be as ironclad as you think. It may even include some magical thinking.
03/28/12
CHICAGO (Reuters) - Ordinary Americans have a lot at stake this week as the Supreme Court holds hearings on the constitutionality of the Affordable Care Act (ACA).
03/28/12
NEW YORK (Reuters) - Companies that serve 401(k) plans are asking the Labor Department to reconsider its stance on mailed notification, so that they can save costs by using email instead of regular...
03/27/12
(Reuters) - Despite the surge in popularity of target-date funds, which put retirement investing on autopilot, some bold individuals are going to the other extreme. These aggressive investors are...
03/27/12
CHICAGO (Reuters) - Aspiring journalist Fruzsina Eordogh dropped out of Loyola University Chicago last spring, just a few classes shy of graduating.
03/27/12
NEW YORK (Reuters) - Even with crude oil prices nearing record territory, experts see signs that the market for commodities is running on fumes.
03/27/12
NEW YORK (Reuters) - To Roth or not to Roth? As it turns out, you can sort of have it both ways.
03/26/12
NEW YORK (Reuters) - When it comes to Apple, investors could become victims of their own success.
03/26/12
WASHINGTON (Reuters) - The Treasury will unveil a new savings bonds website on Tuesday in an attempt to win consumers over to traditional government-issued, small-denomination bonds, despite their...
03/26/12
CHICAGO (Reuters) - Seventy may be the new sixty -- but not where the Internal Revenue Service is concerned. People who turned 70-1/2 last year must begin taking required annual withdrawals from...
03/26/12
NEW YORK (Reuters) - If you are invested in a target-date retirement fund, wealth manager Leonard Raskin has a little message for you: It's time to reconsider.
03/26/12
NEW YORK (Reuters) - Over the past four years, Chelsey Lutz, 25, a blogger in New York City, has lost her iPhone seven times.
03/26/12
CHICAGO (Reuters) - Having been a stock market investor during the worst downturns over the past quarter century, I'm naturally cautious about national economic shocks like recessions, inflation,...
03/26/12
NEW YORK (Reuters) - Portfolio managers will be doing some last-minute shopping for winners from the big U.S. stock market rally as they take part this week in the quarter-end ritual of window...
03/23/12
NEW YORK (Reuters) - We know now that trickle-down economics doesn't really work — the past decade in the United States has seen incomes at the very top soar, while the earnings of the middle class...
03/23/12
(Reuters) - Cash rewards for whistleblowers at financial firms can motivate employees to do what companies fear most: report company wrongdoing to regulators.
03/23/12
NEW YORK (Reuters) - Discount brokerages, once the domain of do-it-yourself investors looking for cheap trades, are increasingly getting into the personal advice business, filling a void for...
03/23/12
NEW YORK (Reuters) - On Monday night in Manhattan, a line of 50 teenagers camped outside of a Barnes & Noble in Union Square - preparing to spend 24 hours on the street just for a chance to see the...
03/23/12
NEW YORK (Reuters) - Rebecca Levey, co-president of the Parent Association at the William T. Sherman School in New York, is terrified about the school's upcoming auction.
03/23/12
(Reuters) - With corporate profit margins at record levels, the stock market faces a challenge because the logical next move may well be down.
03/23/12
CHATTANOOGA, Tenn./DETROIT (Reuters) - The United Auto Workers union is soliciting signatures of support from workers at Volkswagen AG's U.S. factory, an escalation of its effort to establish a...
03/22/12
NEW YORK (Reuters) - Rebecca Levey, co-president of the Parent Association at the William T. Sherman School in New York, is terrified about the school's upcoming auction. A team of experienced...
03/22/12
WASHINGTON (Reuters) - A Federal Reserve official on Thursday downplayed the impact of regulators potentially missing a July deadline to finalize the Volcker rule's ban on proprietary trading, and...
03/22/12
(Reuters) - Twelve directors of Morgan Stanley have won dismissal of a shareholder lawsuit accusing them of letting the Wall Street bank overpay its employees even while accepting taxpayer-funded...
03/22/12
NEW YORK (Reuters) - The parent of American Airlines Inc was preparing to void union contracts through the bankruptcy process within one week unless there was a "profound change" in the unions' labor...
03/22/12
(Reuters) - A district court in California has shut down a foreclosure rescue fraud that urged homeowners to pay thousands of dollars to join lawsuits against their lenders, the Federal Trade...
03/22/12
WASHINGTON (Reuters) - A federal watchdog faulted Fannie Mae and Freddie Mac, the mortgage finance companies propped up with taxpayer funds, for "questionable" spending on a mortgage industry...
03/22/12
WASHINGTON (Reuters) - The number of Americans claiming new unemployment benefits dropped to a four-year low last week, offering further evidence the jobs market recovery was gaining traction.
03/22/12
(Reuters) - The Republican Party doubled down on privatizing Medicare with the 2012 budget plan released yesterday by Republican Paul Ryan (R-Wisconsin). It's their latest pitch for a reform that...
03/22/12
NEW YORK (Reuters) - Goldman Sachs Group Inc lost its bid to dismiss a lawsuit accusing it of defrauding investors by selling risky debt linked to subprime mortgages that it planned to bet against.
03/21/12
NEW YORK (Reuters) - A series of victories by Morgan Keegan & Co is calling into question who can be considered a "customer" in securities arbitration cases.
03/21/12
WASHINGTON (Reuters) - Reverse mortgages used to be the last recourse of the little old lady: A way for her to get money for household help and stay in her home until she died.
03/21/12
NEW YORK (Reuters) - Goldman Sachs Group Inc lost its bid to dismiss a lawsuit accusing it of defrauding investors by selling risky debt linked to subprime mortgages that it planned to bet against.
03/21/12
WASHINGTON (Reuters) - Home resales unexpectedly fell in February and the supply of properties on the market rose, underscoring the many hurdles for the housing recovery.
03/21/12
LONDON, March 21 - Charity is a cold, grey, loveless thing. If a rich man wants to help the poor, he should pay his taxes gladly, not dole out money at whim." Clement Attlee wrote that in 1920. As...
03/21/12
(Reuters) - General Mills Inc posted a quarterly profit in line with Wall Street expectations and stood by its lowered full-year forecast as it faces higher costs for raw materials.
03/21/12
NEW YORK (Reuters) - Dan Magder recently gave up a top job with private equity firm Lone Star Funds to strike out on his own and become a landlord.
03/21/12
WASHINGTON (Reuters) - The U.S. Internal Revenue Service is staffing up with high-powered talent to crack down on companies shifting profits from country to country to lower their tax bills, a...
03/20/12
(Reuters) - A proposed 30 percent minimum tax on millionaires backed by President Barack Obama -- dubbed the 'Buffett tax' after investor Warren Buffett who supports it -- would raise about $31...
03/20/12
NEW YORK (Reuters) - Young people looking for a job with good pay, flexible hours and job security should consider working in health care, according to a list of the top 15 best jobs in the U.S. for...
03/20/12
LONDON (Reuters) - Global regulators called on banks to give investors more precise and relevant information about risks from next year or face mandatory rules.
03/20/12
(Reuters) - Bank of New York Mellon Corp, already under pressure from several state pension fund clients over its forex practices, is preparing to battle the U.S. government over a tax benefit worth...
03/20/12
NEW YORK (Reuters) - Apple isn't the only prominent company that analysts have tagged as a potential source of dividend payouts. Investors can target the sweet spot of reliable income and share price...
03/20/12
(Reuters) - Bank of America Corp said on Monday that it has no intention of issuing additional equity in a secondary offering, contrary to markey rumors that apparently lowered its stock price during...
03/20/12
CHICAGO (Reuters) - Once again the seductive siren call of technology stocks beckons investors. Especially after Apple announced a huge stock buyback Monday along with its first dividend since 1995.
03/20/12
HONG KONG (Reuters) - TIG Advisors, LLC is liquidating its $210 million global emerging markets hedge fund, according to a letter to investors seen by Reuters, the latest in a growing list of hedge...
03/19/12
(Reuters) - The price of money is going up, but it's difficult to know if this signals a return to normality, a step down inflation's slippery slope or just a cunning head fake.
03/19/12
NEW ORLEANS (Reuters) - The Labor Department is not going to let push-back from the financial services industry delay its fiduciary rule for advisers who handle retirement plans - but that does not...
03/19/12
NEW YORK (Reuters) - It's too bad colleges don't offer a class in "advanced tax strategies" to all freshmen, along with those study skills, health and diversity sessions. That extra expertise would...
03/19/12
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.)
03/19/12
NEW YORK (Reuters) - Goldman Sachs Group Inc scored at least one victory in an otherwise tough week - this one against a coalition of religious groups.
03/19/12
(Reuters) - Apple Inc will start paying a regular quarterly dividend of $2.65 a share in July and buy back up to $10 billion of its stock beginning in the next fiscal year, the world's most valuable...
03/19/12
(Reuters) - At the very moment William Bryan Jennings should have been climbing into bed at his sumptuous Connecticut mansion, the high-ranking executive at Morgan Stanley was sprinting through back...
03/16/12
(Reuters) - I got a letter from my bank the other day offering a streamlined refinancing deal for my current home mortgage. It was one of those "quickie" offers tailor-made for my loan situation and...
03/16/12
(Reuters) - As lawmakers prepare to vote on legislation that would make it easier for small businesses to raise capital, state securities regulators are scrambling to have authority over a funding...
03/16/12
NEW YORK (Reuters) - A long-term bear market in bonds is under way as a more durable global economic recovery takes root, investment bank UBS said on Friday, noting that U.S. discount brokerages...
03/16/12
NEW YORK (Reuters) - Investing has been a little too easy lately.
03/16/12
(Reuters) - The Great Recession has left millions of midlife Americans up a creek without a paddle. Having lost jobs at the peak of their careers, they must find new work for the second half of their...
03/16/12
TOKYO (Reuters) - Moody's Investors Service cut its debt rating on Nomura Holdings by one notch to just one level above speculative or "junk" grade, but set the outlook at stable, giving Japan's top...
03/16/12
(Reuters) - An apparent economic recovery and a recent tumble in the price of gold has investors wondering if the precious metal has lost its place in a portfolio. Gold, having soared higher since...
03/16/12
ZURICH (Reuters) - Investors should move cautiously back into risky assets now the Greek debt restructuring seems to have headed off a euro crisis, as markets could turn sharply if the supply of...
03/15/12
(Reuters) - The trustee liquidating MF Global's broker-dealer is asking a bankruptcy court for permission to distribute an additional $600 million to U.S. exchange customers whose accounts were...
03/15/12
(Reuters) - The Great Recession has left millions of midlife Americans up a creek without a paddle. Having lost jobs at the peak of their careers, they must find new work for the second half of their...
03/15/12
WASHINGTON (Reuters) - When the consumer price index is released later this week, it's likely to look scary because of the run up in gasoline prices that began at the end of February.
03/15/12
(Reuters) - A federal appeals court stopped just short of throwing out a judge's controversial rejection of the U.S. Securities and Exchange Commission's $285 million settlement with Citigroup Inc in...
03/15/12
(Reuters) - The trustee liquidating MF Global's broker-dealer is asking a bankruptcy court for permission to distribute an additional $600 million to U.S. exchange customers whose accounts were...
03/15/12
NEW YORK (Reuters) - In the carnage of the U.S. financial crisis, a familiar refrain echoed throughout Wall Street as the stock market tried to recover: "The market needs the banks for a healthy...
03/15/12
WASHINGTON (Reuters) - The number of Americans claiming new jobless benefits fell back to a four-year low last week and manufacturing in the Northeast held up in March, providing more signs the...
03/15/12
(Reuters) - After a wave of scandals including wrongful foreclosures on home mortgages, worker suicides at a major Apple Inc supplier in China and the $1.7 billion accounting fraud at Japan's Olympus...
03/15/12
(Reuters) - Nostalgia for the era when bankers were "long-term greedy" is a red herring, misdirecting our attention to how banks govern themselves when the true issue is how they are governed.
03/14/12
(Reuters) - Troubled homeowners are not the only ones set to get a financial lift from the U.S. government's $25 billion landmark mortgage settlement.
03/14/12
NEW YORK (Reuters) - Bank customers shouldn't stress out over the latest U.S. bank stress test results.
03/14/12
NEW YORK (Reuters) - Americans often view saving for retirement as a choice between contributing to a workplace 401(k) plan or funding an IRA, even though the majority of people are allowed to...
03/14/12
(Reuters) - Posecutors in New York on Wednesday indicted two Swiss financial advisers, one a former private banker at financial giant UBS AG, on charges of conspiring to help wealthy Americans hide...
03/14/12
(Reuters) - The brokerage units of Charles Schwab Corp and E*Trade Financial reported increased levels of both trading volumes and asset levels in February as retail investors reacted to rising...
03/14/12
(Reuters) - New York City will be paid a little more than $500 million by a computer contractor that conducted the biggest fraudulent scheme against any municipality in history, Preet Bharara, the...
03/14/12
WASHINGTON (Reuters) - Import prices rose in February on sharply higher petroleum costs, but there were little signs of underlying imported inflation pressures as food prices posted their largest...
03/14/12
(Reuters) - By all accounts, investors have enjoyed a terrific start to 2012. Stocks had their best January in 15 years, and the Dow Jones Industrial Average raced to multi-year highs, topping 13,000...
03/13/12
(Reuters) - JPMorgan Chase & Co became the first bank on Tuesday to say regulators have completed stress tests of its balance sheet and approved a dividend increase and stock buybacks.
03/13/12
(Reuters) - Nearly two-thirds of Americans support imposing a minimum tax rate of 30 percent on those who earn $1 million or more a year, according to Reuters/Ipsos poll results released on Tuesday.
03/13/12
(Reuters) - JPMorgan Chase & Co became the first bank on Tuesday to say regulators have completed stress tests of its balance sheet and approved a dividend increase and stock buybacks.
03/13/12
(Reuters) - The number of new hedge funds surged last year to the highest level since 2007, despite one of the most miserable annual performances in the industry's history, according to data released...
03/13/12
WASHINGTON (Reuters) - Workers are saving less, worrying more and may be unrealistic about their ability to work as long as they think necessary to afford retirement, according to a major national...
03/13/12
NEW YORK (Reuters) - The hiring outlook has improved over the last three months in most large economies, including the United States, but employers could quickly turn cautious if a crisis erupted,...
03/13/12
TOKYO (Reuters) - Japanese mutual funds posted their highest ever monthly investment gains in February, helped by a strong recovery in global stock markets and the yen's fall, but equities funds...
03/13/12
(Reuters) - JPMorgan Chase & Co is paying the federal government $45 million to settle a lawsuit alleging it charged veterans hidden fees in mortgage refinancing.
03/13/12
TORONTO (Reuters) - Sabrina Thompson, a 30-something restaurant manager from Toronto, says she turned to Craigslist to sell her diamond engagement ring after her relationship ended.
03/13/12
CHICAGO (Reuters) - David Kirchhoff, chief executive officer of Weight Watchers International Inc, shed 35 pounds (15.9 kg) with his company's program and sees a growth opportunity in helping more...
03/13/12
(Reuters) - Official funding has a nasty habit of driving away free market money, as Europe's banks may yet discover.
03/13/12
NEW YORK (Reuters) - At least 50 advisers who managed nearly $12 billion in client assets at Merrill Lynch have left the "thundering herd" since January 1, based on moves tracked by Reuters.
03/12/12
(Reuters) - When British Airways dangled 100,000 frequent flyer miles in front of customers signing up for its branded Visa card last year, it appeared to people who signed up that they would be...
03/12/12
(Reuters) - It may be the biggest thing to hit the global economy since the assembly line, and how you play it might just determine your success as an investor in the coming decades. Additive...
03/12/12
NEW YORK (Reuters) - Mutual funds that rose to the top of the 2012 Lipper U.S. Fund rankings overcame a tumultuous and eventful year that had investors - and their advisers - on the edge of their...
03/12/12
HONG KONG (Reuters) - Octavian Advisors LP said a clerical error prevented the $1 billion New York-based hedge fund from backing its own move last month to oust the supervisory board of German...
03/09/12
CHICAGO (Reuters) - Should you be "riding up" the bond yield curve to boost returns in your income portfolio?
03/09/12
NEW YORK (Reuters) - The recent string of tornadoes that tore through 10 states, killing dozens of people and flattening neighborhoods, capped a string of natural disasters that seems almost biblical...
03/09/12
WASHINGTON (Reuters) - Freddie Mac requested $146 million from the U.S. Treasury in order help make interest payments on government loans used to keep the mortgage buyer afloat, the company said...
03/09/12
WASHINGTON (Reuters) - Employment grew solidly for a third straight month in February, a sign the economic recovery was strengthening and in less need of further monetary stimulus from the Federal...
03/08/12
NEW YORK (Reuters) - Maybe Wall Street's best-known bond shop should be known for its stock-picking instead.
03/08/12
NEW YORK, March 9 Reuters) - Fund manager Jerome Clark is no stranger to the winner's circle.
03/08/12
NEW YORK (Reuters) - It would be natural for a small-firm portfolio manager like George Davis to feel a little intimidated by the likes of the Vanguard Group and Fidelity Investments.
03/08/12
CHICAGO (Reuters) - When Harvey and Cora Alter decided to move away from Washington, D.C., for their retirement, friends were surprised to hear where they were going.
03/08/12
NEW YORK (Reuters) - Nathan Acosta is feeling a little overwhelmed.
03/08/12
WASHINGTON (Reuters) - Household debt rose for the first time in three and a half years during the fourth quarter, suggesting Americans were more comfortable borrowing money and potentially laying...
03/08/12
CHICAGO (Reuters) - When Harvey and Cora Alter decided to move away from Washington, D.C., for their retirement, friends were surprised to hear where they were going.
03/08/12
(Reuters) - May-December partnerships are increasingly popular among financial advisers. A junior adviser gains a mentor and eventually inherits the business. A senior adviser gains a go-getter who...
03/08/12
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits rose last week, a government report showed on Thursday, but not enough to change perceptions that the labor...
03/08/12
(Reuters) - Susanna Mancini cherishes a photo of herself at 27: a smiling face behind a pair of dark sunglasses. On it, she scrawled to her future husband: "Too bad you can't see my eyes. I am so...
03/08/12
WASHINGTON (Reuters) - The Treasury Department said on Wednesday it will sell $6 billion worth of American International Group stock and struck another deal for the insurer to pay down $8.5 billion...
03/08/12
NEW YORK (Reuters) - The number of planned layoffs at firms dipped in February, with the transportation and consumer products sectors seeing the most job cuts, a report on Thursday showed.
03/08/12
WASHINGTON (Reuters) - Three years after a market rout sent investors scurrying in every direction but Wall Street, some financial advisers are tentatively starting to put their clients back into...
03/08/12
LONDON (Reuters) - Bankers' salaries will likely grow at the fastest rate in Asia Pacific this year, rising by twice as much in the United States, according to an industry survey, cementing the...
03/07/12
NEW YORK (Reuters) - When Connie and Mark Pombo decided in 2010 to retire abroad, they searched for locations online. Ecuador seemed to have everything they wanted, so Mark, who had recently retired...
03/07/12
CHICAGO (Reuters) - Retirees know a lot about what it's like to be retired, but they often don't get asked for their advice.
03/07/12
(Reuters) - The top government official in New York's Suffolk County said on Tuesday he would declare a fiscal emergency, a move that could roil the $3.7 trillion municipal bond market.
03/07/12
NEW YORK (Reuters) - Bankruptcy can be just about as traumatic as it gets for a company, its employees, customers, and suppliers. The only thing worse - going through it again, and again.
03/07/12
SAN FRANCISCO/NEW YORK (Reuters) - Apple Inc is betting a 4G-equipped iPad will tempt more U.S. consumers to pay extra to watch high-quality video on the go, and in turn, give Verizon Wireless and...
03/06/12
NEW YORK (Reuters) - It's one of the few places where slowing growth could be a good thing.
03/06/12
(Reuters) - One-time financial powerhouse Lehman Brothers said it emerged from bankruptcy on Tuesday and is now a liquidating company whose main business in the coming years will be paying back its...
03/06/12
WASHINGTON (Reuters) - The White House on Tuesday said it was cutting the costs of some government-insured mortgages in a move that could open the door to cheaper loans for as many as three million...
03/06/12
(Reuters) - Ireland's decision to hold a popular vote on Europe's new fiscal treaty adds some unpredictable and much-needed risk to the seemingly inevitable course of the euro bailout steamroller.
03/06/12
(Reuters) The world's most valuable company has turned into a bit of a casino stock.
03/06/12
NEW YORK (Reuters) - Wall Street's bonuses fell nearly 25 percent in 2011, a New York City fiscal watchdog estimated on Monday, a less severe drop than the industry had anticipated, though still...
03/05/12
(Reuters) - In an ideally-transparent world, you'd know as much about your broker as you know about the ingredients in packaged junk food label: All of the bad stuff would be instantly on display.
03/05/12
(Reuters) - When it comes to family squabbles over money -- particularly contentious ones involving inheritances -- you may find a new face at the mediation table with the lawyers, stock brokers and...
03/05/12
(Reuters) - Sam Lazarus would love nothing more than to save money in his individual retirement account.
03/05/12
NEW YORK (Reuters) - The busted housing market has another casualty.
03/05/12
LONDON (Reuters) - Resentment at the European Central Bank's immunity from losses on Greek debt has left fund firms wondering about the strength of their creditor rights and whether they should...
03/05/12
WASHINGTON (Reuters) - The U.S. Internal Revenue Service's new software system for handling electronic tax returns has experienced problems during the tax filing season, angering some taxpayers whose...
03/05/12
LOS ANGELES (Reuters) - One of the pledges of the Obama administration's healthcare overhaul was to enable cheaper copies of expensive biotech drugs, but the savings may not be as deep or come as...
03/05/12
NEW YORK (Reuters) - Stocks have proven the naysayers wrong so far in 2012. And the February jobs report could be just the ticket to keep the bulls going next week.
03/04/12
(Reuters) - A team of top proprietary traders at JPMorgan Chase & Co is set to launch what is likely to be one of the largest hedge fund start-ups in 2012, the Financial Times reported on Sunday.
03/04/12
(Reuters) - As Bain Capital LLC prepares to market a multibillion-dollar fund, investors say the private equity firm's performance is its biggest problem -- not the 15 years it was run by...
03/03/12
TOKYO (Reuters) - Japan's financial regulator may launch a criminal investigation against executives at AIJ Investment Advisors which has lost most of the 200 billion yen ($2.45 billion) in pension...
03/02/12
(Reuters) - Raymond James Financial Inc made its second round of big recruits from Merrill Lynch this year, adding three more advisers from the brokerage unit of Bank of America Corp who managed more...
03/02/12
NEW YORK (Reuters) - A change in the U.S. 2011 tax reporting rules that took effect this year is causing major delays in banks and brokerages delivering investors' 1099s.
03/02/12
WASHINGTON (Reuters) - Tensions between banks and consumers were at fever pitch last fall, when Bank of America tried unsuccessfully to make a $5 monthly debit card fee stick and consumer activists...
03/02/12
(Reuters) - For many investors who have stayed away from the stock market for the past four years, this is a Hamlet moment. Returns look so tempting right now as stock indexes show their best...
03/02/12
(Reuters) - "Don't just do something, stand there!" might just be the best least-followed advice in investing.
03/01/12
NEW YORK (Reuters) - Pimco's much-anticipated Total Return Exchange-Traded Fund, which started trading on Thursday, could help change investor perceptions and propel the nascent actively managed ETF...
03/01/12
WASHINGTON (Reuters) - Tensions between banks and consumers were at fever pitch last fall, when Bank of America tried unsuccessfully to make a $5 monthly debit card fee stick and consumer activists...
03/01/12
NEW YORK (Reuters) - Individual investors moved back into the markets in February to take advantage of rising stock prices as the economic recovery gained steam and risk aversion eased, said the head...
03/01/12
NEW YORK (Reuters) - The Nasdaq composite index briefly traded above 3,000 Wednesday, a level not seen in more than a decade, during the bursting of the dot-com bubble.
03/01/12
(Reuters) - Talk about an easy lay-up shot. Buried in President Obama's 2013 budget is a proposed tax break that would make retirement easier to manage for half of America's seniors - at very low...
03/01/12
CHICAGO (Reuters) - Come summer, mutant robots from outer space and flying, caped crusaders will need to make way for a slightly less dramatic comic book character: the number cruncher.
03/01/12
NEW YORK (Reuters) - Mild weather helped spur consumers to buy spring clothing in February, leading to broad sales gains at top U.S. chains, with even perennial laggard Gap Inc posting its first...
03/01/12
(REUTERS) - Twitter users are about to become major marketing fodder, as two research companies get set to release information to clients who will pay for the privilege of mining the data.
03/01/12
(Reuters) - The most telling thing the ECB did on Wednesday's leap day wasn't the 530 billion euros in party favors they handed out to banks, but rather the paltry sum they were forced to commit to...
03/01/12
DETROIT (Reuters) - Ford Motor Co and Chrysler Group LLC reported gains in auto sales in February, helped by American drivers' need to replace aging cars and trucks and a rise in consumer confidence.
03/01/12
March 1 - Wal-Mart Stores Inc raised its annual dividend by nearly 9 percent on Thursday, as momentum in the company's key Walmart U.S. chain has rebounded.
03/01/12
WASHINGTON (Reuters) - Americans filed fewer new claims for jobless benefits last week but consumer spending was flat in January for the third straight month after accounting for inflation, casting a...
02/29/12
NEW YORK (Reuters) - For online brokerages, social media, despite possible pitfalls, can be put to good use, especially when a firm is attentive.
02/29/12
NEW YORK (Reuters) - Wells Fargo & Company will offer a new mobile application for its brokers in 2012 to address a growing need for new adviser tools in digital media.
02/29/12
CHICAGO (Reuters) - American Airlines wants to terminate the pensions of 130,000 workers as part of its bankruptcy proceeding. The move would be good for the company's balance sheet, but would it be...
02/29/12
WASHINGTON (Reuters) - Will the baby boomers be the only generation to retire with 401(k) plans? It could happen.
02/29/12
(Reuters) - Daniel Gallagher, the newest member of the U.S. Securities and Exchange Commission, is worried about an old conundrum for compliance officers and the investors they help protect.
02/29/12
FRANKFURT/PARIS (Reuters) - PSA Peugeot Citroen has agreed to form an alliance with General Motors targeting $2 billion in savings, sources with knowledge of the discussions said on Wednesday.
02/29/12
NEW YORK (Reuters) - Looking for a job can be frustrating, especially now, with the unemployment rate seemingly stuck above 8 percent. There is a silver lining at tax time, though: Those job hunting...
02/29/12
NEW YORK (Reuters) - U.S. money managers increased their equity holdings in February to the second highest level in 14 months, tracking a rally in the S&P 500 stock index, a Reuters poll showed on...
02/28/12
(Reuters) - Two and half years ago, Steve Stewart erected a 100-foot windmill at his Barstow, California home. Stewart is no eco-crusader, but he does know a good deal when he hears it.
02/28/12
NEW YORK (Reuters) - High gasoline prices could eat away at the underpinnings of the U.S. stock market's recent rally.
02/28/12
CHICAGO (Reuters) - Every time I hear the rumblings of a broad-based stock rally, a song from The Who echoes in my head: "Won't Get Fooled Again."
02/28/12
NEW YORK (Reuters) - Top U.S. chief executives lamented on Monday a lack of interest from investors in their efforts to do social good and suggested the creation of a social responsibility index of...
02/28/12
NEW YORK (Reuters) - Large, multinational conglomerates considering a crash diet may want to think twice if they wish to reward shareholders: the argument that smaller is better is a little less...
02/27/12
He's back. The speculative trading beast is pushing up gasoline, diesel and heating oil prices, and scaring economy-watching investors in the process. There are a few defensive weapons to protect...
02/27/12
(Reuters) - In the early 1980s - when recycling was a fringe idea - 23-year-old Kathy Leonard decided to market herself as a socially responsible financial adviser.
02/27/12
(Reuters) - Ongoing efforts by regulators to give the public more details about financial advisers' backgrounds still haven't solved a key problem -- getting more investors to use that information.
02/27/12
(Reuters) - Nearly 10 percent of customers of U.S. banks moved their accounts last year, often after they became frustrated with fees and the quality of service, market research firm J.D. Power and...
02/27/12
(Reuters) - Warren Buffett resisted pressure on Monday to identify his successor as chief executive officer of Berkshire Hathaway, saying the person who has been chosen does not even know it himself.
02/27/12
* High correlation diminished role as diversification tool
02/26/12
SHANGHAI (Reuters) - French luxury group Hermes International SCA has lost a lawsuit against China's Trademark Appeal Board over the board's refusal to cancel a trademark that bears similarities to...
02/26/12
BERLIN (Reuters) - Starved of credit, and facing a lack of deals and a new bout of indignation over executive pay, the private equity sector has one solace: returns continue to be better than those...
02/24/12
NEW YORK (Reuters) - Most retirement planning exercises begin and end with a simple question: How much income will you need to replace after you quit work?
02/24/12
NEW YORK (Reuters) - Real life can be a lot harsher than movies suggest, when it comes to descendants and money.
02/24/12
NEW YORK (Reuters) - As medical costs go up and household income lags behind, more people are likely to qualify for healthcare tax deductions.
02/24/12
NEW YORK (Reuters) - Six months ago, Steve Johnson, like many financial advisers, was trying to convince his clients not to pull out of the stock market. Now, he's busy fielding calls from many...
02/24/12
(Reuters) - Bailed-out insurer American International Group reported a $19.8 billion profit for the fourth quarter, after an accounting change that allowed the company to record an enormous one-time...
02/24/12
LONDON (Reuters) - U.S. fund managers who successfully called the bottom of their home credit market in 2008 are starting to put money back into Europe in a sign of returning confidence in the euro...
02/23/12
Feb 23 - Investors with memories that stretch back farther than five minutes can be excused for rolling their eyes at the Dow 13,000 silliness.
02/23/12
NEW YORK (Reuters) - Most retirement planning exercises begin and end with a simple question: How much income will you need to replace after you quit work?
02/23/12
NEW YORK (Reuters) - A popular class of stocks could soon come with higher taxes.
02/23/12
NEW YORK (Reuters) - African American donors give away higher percentages of their incomes than white donors, according to a new study.
02/23/12
BOCA RATON, Florida (Reuters) - Procter & Gamble Co plans to cut a total of 5,700 nonmanufacturing jobs as part of a new plan to reduce costs by $10 billion by the end of fiscal 2016, Chief Executive...
02/23/12
CUPERTINO, California (Reuters) - Apple Inc on Thursday adopted a measure long desired by investors and corporate governance activists, granting its shareholders a bigger say in the appointment of...
02/23/12
LONDON/PARIS (Reuters) - The scars of Greece's debt crisis were laid bare in heavy losses from a string of European banks on Thursday, and bosses warned the region's precarious finances would...
02/23/12
(Reuters) - If the Greek bailout has proved one thing it is this: we are now all creatures of government.
02/23/12
NEW YORK (Reuters) - The U.S. Department of Labor's latest plan to release a new rule for retirement advisers by July may fall through due to a lack of data for a cost-benefit analysis of the...
02/23/12
WASHINGTON (Reuters) - New claims for unemployment benefits were unchanged last week, holding at the lowest level since the early days of the 2007-2009 recession and giving a fresh sign the battered...
02/22/12
(Reuters) - In 2005, after 20 years as a New York state trooper, Nicole Wilder was able to start her retirement at age 48.
02/22/12
WASHINGTON (Reuters) - This is America Saves Week, one of those artificial holidays designed to convey a message. And the message is: Save more money.
02/22/12
NEW YORK (Reuters) - Some U.S. pawnbrokers are taking liquid assets - literally.
02/22/12
(Reuters) - Brokers who hide embarrassing legal troubles from their employers risk triggering a new set of problems that could be worse.
02/22/12
(Reuters) - Nearly 12 million Americans were victims of identity theft in 2011, an increase of 13 percent over 2010, according to a report released on Wednesday by the research firm Javelin Strategy...
02/22/12
SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook is in an enviable position - market leading products, a $98 billion warchest and a seemingly gravity-defying stock price.
02/22/12
(Reuters) - If you knew you would be around to blow out the candles at your 100th birthday party, would that change how you manage your money today?
02/21/12
NEW YORK (Reuters) - My grandmother had a coffee can for spare silver coins. My Dad saved at his local post office in a savings account. Those were a sign of the times -- the U.S. postal savings...
02/21/12
NEW YORK (Reuters) - Corn, wheat and cotton prices are expected to fall - and that could lead to gains in sectors far removed from the farm.
02/21/12
(Reuters) - A sports agent, whose company represents star clients including Denver quarterback Tim Tebow, won $400,000 in a ruling against brokerage Morgan Keegan & Co, due to personal losses from...
02/21/12
(Reuters) - Airline shares fell broadly on Tuesday, with US Airways Group's stock leading the decline, as the price of oil rallied, which directly influences the cost of jet fuel.
02/21/12
(Reuters) - U.S. securities regulators have widened their inquiry into the trillion-dollar market for exchange-traded funds, according to a person familiar with the matter.
02/21/12
WASHINGTON (Reuters) - In mid-2011, with the U.S. economy at risk of a new recession, top Federal Reserve officials began to explore a different way to shore up the recovery: looking for fixes for...
02/21/12
(Reuters) - Satisfaction with U.S. online brokerages declined in 2011 amid volatile markets, while customers saw little to differentiate the four top players in the industry, according to an annual...
02/17/12
NEW YORK (Reuters) - Peter Orszag, former budget director for the Obama Administration and now vice chairman of global banking for Citigroup, sees a "trifecta" of mega financial woes coming toward...
02/17/12
NEW YORK (Reuters) - Whether for a rainy day fund or retirement, the number of people able to make ends meet and still set aside money for the future is declining, according to new survey results...
02/17/12
NEW YORK (Reuters) - It's a move of desperation: Raiding your retirement plan to get at the cash because life has thrown you a curve ball.
02/17/12
(Reuters) - Organic milk costs more per gallon than premium gasoline, yet it is at the center of a similar debate as to whether organic milk is worth the extra money for the purported benefit it...
02/17/12
Karin Prangley, a 33-year-old Chicago estate planning attorney, attempted to guess her father-in-law's password to gain access to his business computer after he suffered a debilitating stroke several...
02/17/12
POTENZA, Italy (Reuters) - Italian police said on Friday they had seized about $6 trillion of fake U.S. Treasury bonds in Switzerland, and issued arrest warrants for eight people accused of...
02/17/12
(Reuters) - MBIA Inc claimed it has new evidence of "widespread mortgage-origination fraud" at Bank of America Corp's Countrywide unit, hoping to bolster its $1.4 billion lawsuit accusing that unit...
02/17/12
(Reuters) - Informing regulators about efforts to curb possible money laundering should be a simple process for brokerages. Instead, it has, in the past, led to tricky situations in which...
02/16/12
LOS ANGELES (Reuters) - A report this week showing rampant foreclosure abuse in San Francisco reflects similar levels of lender fraud and faulty documentation across the United States, say experts...
02/16/12
NEW YORK (Reuters) - When Richard Peterson first started meeting with hedge funds about eight years ago to pitch using social media to predict market movement, investment managers looked at him as if...
02/16/12
Feb 16 - There are good ways to play a recovery, but right now betting on housing roaring back is not one of them.
02/16/12
(Reuters) - Okay, folks -- it's time for a Personal Finance 101 quiz. Please answer the following three questions:
02/16/12
NEW YORK (Reuters) - Carson Ross had a financial dilemma on her hands.
02/16/12
LONDON (Reuters) - Former U.S. Vice President Al Gore wants to end quarterly company reporting and explore issuing loyalty-driven securities as part of an overhaul of capitalism which he says has...
02/16/12
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly fell last week to a near four-year low, suggesting the labor market recovery was gaining steam.
02/16/12
(Reuters) - Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is...
02/15/12
BEVERLY HILLS (Reuters) - The careworn house not far from Santa Monica Boulevard resembles millions of other homes that have been foreclosed on since the calamitous U.S. housing crash four years ago.
02/15/12
NEW YORK (Reuters) - With a flurry of Valentine's Day marriage proposals over, it could be time for new fiancees to take a financial reality check.
02/15/12
NEW YORK (Reuters) - Carson Ross had a financial dilemma on her hands.
02/15/12
NEW YORK (Reuters) - Putting aside a little extra money toward retirement in an individual retirement account, or IRA, would seem to be a no-brainer for the vast majority of middle-class Americans....
02/15/12
WASHINGTON (Reuters) - Anyone who invests in individual stocks should be aware that they could lose - a lot - while they are sleeping.
02/15/12
(Reuters) - Rich Arzaga owns a luxury home in San Ramon, California, but he's not betting on it as an investment.
02/15/12
WASHINGTON (Reuters) - The Obama administration's corporate tax reform plan would end "dozens and dozens" of tax breaks, Treasury Secretary Timothy Geithner said on Tuesday as he defended the White...
02/15/12
LOS ANGELES (Reuters) - California's economy, the biggest in the United States and the ninth-largest in the world, will see a slight improvement in 2012 but a recovery in the crucial housing market...
02/14/12
CHICAGO (Reuters) - For Jeff Chimenti, a rock keyboardist who plays with offshoots of the Grateful Dead, it has been anything but a "long strange trip" getting his medical product to market.
02/14/12
(Reuters) - Italy is going to need considerably more - in luck, growth and cohesion - than is likely to be delivered by premier Mario Monti's technocratic charms.
02/14/12
(Reuters) - Inherited retirement accounts are truly one of those gifts that keep on giving because heirs can benefit for many years without much tax burden, but Congress is starting to talk about...
02/14/12
(Reuters) - Postal officials were blunt in December when they stood before 120 residents in Dedham, Iowa, to tell them why their town's post office has to close. The Internet, officials said, was...
02/14/12
(Reuters) - If you're going to be on either end of a kiss this Valentine's Day, you might want to consider smooching bare-lipped. Most lipstick contains lead.
02/14/12
NEW YORK (Reuters) - Millions of seniors in the United States are missing out on more than $20 billion in aid that could help pay for food, medicine and heating, simply because they don't know it's...
02/13/12
WASHINGTON (Reuters) - There's more than a tad of Robin Hood economics in the fiscal year 2013 budget that President Obama proposed on Monday. It would raise taxes on the wealthy, give some of that...
02/13/12
(Reuters) - Why should you pay to spend your own money? The newest generation of prepaid debit cards, which banks keep offering despite the growing chorus of advice to the unbanked against buying...
02/13/12
(Reuters) - The average price for a gallon of gasoline in the United States rose nearly 12 cents in the past three weeks to about $3.51, due in part to higher prices for North Sea crude oil,...
02/13/12
LONDON (Reuters) - For decades, the two-island nation of St. Kitts and Nevis exported sugarcane to keep its economy afloat. When sugar prices fell, St. Kitts began to sell an even sweeter commodity:...
02/10/12
(Reuters) - This week's federal appeals court decision throwing out California's Proposition 8 adds considerable weight to the argument that the federal Defense of Marriage Act violates the U.S....
02/10/12
NEW YORK (Reuters) - Americans turned less optimistic about the economy in early February on worries about falling income even as their outlook on the jobs market rose to a record high, a survey...
02/10/12
NEW YORK (Reuters) - Crystal Morello's family pleaded for months with their lender for a cheaper mortgage on their family home in Belleville, Michigan. But time ran out last summer, and they left...
02/09/12
(Reuters) - How much are you going to drop on Valentine's Day this year? A few bucks for a card? How about a cheap bouquet from the grocery store? Or are you going to dig deeper and buy jewelry, a...
02/09/12
WASHINGTON (Reuters) - The housing settlement announced Thursday should make it easier for troubled homeowners to modify their mortgages and escape foreclosure, but it won't make everyone whole,...
02/08/12
BOSTON (Reuters) - More U.S. workers with 401(k) plans are selecting or defaulting to simple target-date mutual funds, an investment strategy that took its lumps during the credit crisis, but have...
02/08/12
(Reuters) - Until the current tax system is completely reformed, we Americans have the right to life, liberty, the pursuit of happiness and our cherished tax deductions.
02/08/12
(Reuters) - When Barbara McCabe's 28-year-old daughter and two grandchildren were evicted from their home two weeks before Christmas 2008, she emptied her 401(k) account to buy them a house in...
02/08/12
(Reuters) - Every year, dozens of little bits of the tax code fall by the wayside or, more typically, get ritually renewed by Congress. This half-in, half-out nature of the tax code frustrates...
02/08/12
NEW YORK (Reuters) - American Airlines is heading toward the largest default of a defined-benefit pension plan in U.S. history.
02/08/12
BOSTON (Reuters) - The death of Micron Technology Inc Chief Executive Steve Appleton in the crash of an experimental plane is raising fresh questions about what a company should disclose to investors...
02/08/12
STRALSUND, Germany (Reuters) - Anja has been scrubbing floors and washing dishes for two euros an hour over the past six years. She is bewildered when she sees newspapers hailing Germany's "job...
02/07/12
NEW YORK (Reuters) - If the small-cap rally continues, analysts say it will be a telling sign that the stock market has relaxed after a year of high anxiety.
02/07/12
(Reuters) - The chairman of the Securities and Exchange Commission is eyeing two potential plans to bolster the stability of money market funds, but their fate remains uncertain due to internal...
02/07/12
(Reuters) - Energy psychology combines Eastern approaches to mind, body and spirit with Western psychology and psychotherapy, delving into unconscious and subconscious patterns that go back to...
02/07/12
NEW YORK (Reuters) - Goldman Sachs Asset Management, the asset management arm of Goldman Sachs is buying $42 billion Dwight Asset Management Company LLC from Old Mutual Asset Management, the company...
02/07/12
ZURICH (Reuters) - Swiss bank UBS predicted further weakness in investment banking after a restructuring of the business failed to prevent an earnings hit from the euro zone debt crisis and worries...
02/07/12
(Reuters) - JPMorgan Chase & Co has agreed to pay $110 million to settle consumer litigation accusing it of charging excessive overdraft fees.
02/07/12
BOSTON (Reuters) - Fidelity Investments, the largest money-market fund manager, recently warned U.S. regulators that more than half of its money fund clients would move all or some of their assets...
02/06/12
(Reuters) - In theory, last year should have been a great time to be invested in a hedge fund. With markets gobsmacked by U.S. and euro zone crises, what better way to protect your money than to...
02/06/12
(Reuters) - The first thing a lot of people do when they get hacked is worry that their Facebook friends are going to be annoyed. But before you send out an "I've been hacked" alert to the 500-or-so...
02/06/12
(Reuters) - Heather Peters' win in a Los Angeles small claims court against Honda Motor Co has all the makings of a David vs. Goliath battle, but some experts are skeptical it will spur angry...
02/06/12
(Reuters) - About a year ago, when it became clear that taking Facebook Inc public was a matter of when not if, Chief Operating Officer Sheryl Sandberg went out and poached Caroline Everson, then...
02/06/12
LONDON (Reuters) - To get an idea of the economic mountain euro zone strugglers Greece and Portugal have to climb, consider this: per million inhabitants, they each filed fewer than eight...
02/06/12
NEW YORK (Reuters) - The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains...
02/06/12
NEW YORK (Reuters) - Last year, the dividend-growth strategy was a speedboat navigating the doldrums of the stock market.
02/03/12
NEW YORK (Reuters) - Last year, the dividend-growth strategy was a speedboat navigating the doldrums of the stock market.
02/03/12
(Reuters) - Wall Street traders and fund managers have opinions on almost everything - from politics to religion to the price of a spectacular bottle of wine. But ask about this Sunday's Super Bowl...
02/03/12
(Reuters) - Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky...
02/03/12
(Reuters) - Even before President Barack Obama announced plans last month to push colleges to improve affordability, a number of schools beat him to the punch by lowering tuition and helping students...
02/03/12
(Reuters) - The United States indicted Wegelin, the oldest Swiss private bank, on charges that it enabled wealthy Americans to evade taxes on at least $1.2 billion hidden in offshore bank accounts,...
02/03/12
WASHINGTON (Reuters) - The economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a near three-year low of 8.3 percent, indicating last quarter's...
02/02/12
(Reuters) - The first thing the 1,000 or so new post-IPO Facebook millionaire employees might need: a reality check.
02/02/12
NEW YORK (Reuters) - For years, Shelby Dean Martin made grand promises to garner investor dollars: People could get in on the ground floor as he took companies public, they'd get a guaranteed...
02/02/12
WASHINGTON (Reuters) - We all know what we are supposed to say about day trading: It's horrible, a scam, a vestige of the 1990s tech boom, and just for naive chumps.
02/02/12
NEW YORK (Reuters) - Depending on who you ask, Facebook is either the best company to go public since Google or the hallmark of another tech bubble.
02/02/12
(Reuters) - The remaining major Republican presidential contenders managed to escape their debate prior to yesterday's Florida primary without being asked to answer a single question about Social...
02/01/12
(Reuters) - Wall Street's own watchdog filed a complaint against Charles Schwab Corp on Wednesday accusing the online brokerage of requiring customers to waive their rights to pursue class actions...
02/01/12
NEW YORK (Reuters) - Depending on who you ask, Facebook is either the best company to go public since Google or the hallmark of another tech bubble.
02/01/12
NEW YORK (Reuters) - Wall Street regulator FINRA on Wednesday filed a complaint against Charles Schwab Corp accusing the online brokerage of requiring customers to waive their rights to pursue class...
02/01/12
NEW YORK (Reuters) - The U.S. Labor Department has removed a controversial part of its proposed 401(k) fee disclosure rule that would have required retirement plan providers to create a summary...
02/01/12
(Reuters) - It's a curious irony that the petition to bring back paper bonds, which the federal government phased out in January after 76 years, is an online movement. The government decided to drop...
02/01/12
WASHINGTON (Reuters) - We all know what we are supposed to say about day trading: It's horrible, a scam, a vestige of the 1990s tech boom, and just for naive chumps.
02/01/12
NEW YORK (Reuters) - With the Standard & Poor's 500 Index off to its best January in 15 years, it's getting tougher to find cheap stocks in the United States. But it's not much of a problem in Europe.
02/01/12
MILAN (Reuters) - Italian carmaker Fiat-Chrysler surprised the market with lower 2012 profit targets that were still better than expected, sparking a share rally as investors shrugged off the threat...
02/01/12
NEW YORK (Reuters) - Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to...
02/01/12
(Reuters) - If you were burned by emerging market stocks last year, you might want to give the relationship another chance in 2012. The stocks are doing pretty well so far this year, and analysts...
01/31/12
NEW YORK (Reuters) - The U.S. Federal Reserve's pledge to keep interest rates at rock-bottom levels until late 2014 undercuts what little confidence Main Street investors have in the markets, Charles...
01/31/12
NEW YORK (Reuters) - Dan Shea and his wife, Jennifer, aren't conservative investors - except when it comes to college savings. The Los Angeles couple's daughter, April, is 13 and eyeing the Ivy...
01/31/12
(Reuters) - The risk of being fined, or even thrown out of the securities business, should be enough motivation for advisers to follow the industry's most basic rules.
01/31/12
BRUSSELS (Reuters) - Euro zone unemployment has risen to its highest level since before the euro was introduced, data showed on Tuesday, a day after EU leaders promised to focus on creating millions...
01/31/12
NEW YORK (Reuters) - Unseasonably warm weather across the United States forced many retailers to offer deeper-than-usual discounts to clear out coats, sweaters and boots in January, pointing to tepid...
01/31/12
(Reuters) - With Super Bowl XLVI less than a week away, armchair quarterbacks are flexing their biceps to throw hard-earned cash into the office pool. You will probably do what a lot of people do,...
01/30/12
WASHINGTON/CHARLOTTE (Reuters) - State and federal officials are close to a settlement with the largest U.S. banks over mortgage abuses, with states facing an end-of-the-week deadline to decide...
01/30/12
BOSTON (Reuters) - Some of the world's biggest Internet companies and financial services firms have developed a new approach to fighting email spam that they hope will reduce online scams.
01/30/12
(Reuters) - Even as President Barack Obama is calling for more assistance for struggling mortgage borrowers, major banks are looking forward to spending less to handle problem home loans.
01/30/12
(Reuters) - Apple's blowout quarter this week increased its cash holdings to almost $100 billion, a staggering hoard that casts a spotlight on what may prove a big catalyst for the U.S. equity market...
01/27/12
NEW YORK (Reuters) - It was just last summer that Charlotte Perkins made the hardest decision of her life as she and her husband Jim were caught in the vise of the housing bust.
01/27/12
NEW YORK (Reuters) - More than 600,000 U.S. consumers have moved their money from big banks to community banks or credit unions, thanks to the much-publicized Bank Transfer Day last fall, according...
01/27/12
(Reuters) - If the president and Congress are serious about income equality and cutting huge breaks for the wealthy, they should raise the capital gains rate.
01/27/12
(Reuters) - Legg Mason Inc's quarterly profit fell by more than half as asset management fees declined and it took a restructuring charge, driving down its shares.
01/27/12
(Reuters) - Procter & Gamble Co's quarterly earnings plunged 49 percent, as the world's largest household products maker wrote down the value of its appliance and salon professional products...
01/27/12
(Reuters) - Ford Motor Co reported a lower-than-expected fourth-quarter profit on Friday as commodity costs shot up and results from operations outside North America fell short of expectations.
01/27/12
(Reuters) - The Securities and Exchange Commission dismissed a three-year case against the former general counsel of an investment bank whom the agency accused of failing to supervise a rogue broker.
01/26/12
(Reuters) - In July 2009, Roy and Sheila Bowers refinanced the mortgage on their suburban ranch home in Topeka, Kansas. The couple wanted to take advantage of the low interest rates that were all the...
01/26/12
(Reuters) - AT&T Inc posted a $6.7 billion quarterly loss due to a hefty break-up fee for its failed T-Mobile USA merger and other charges on top of costly subsidies for smartphones such as Apple...
01/26/12
(Reuters) - Caterpillar Inc reported a 58 percent rise in quarterly earnings on Thursday that blew away Wall Street expectations and it projected strong growth for 2012 despite global economic...
01/25/12
NEW YORK (Reuters) - Apple's first quarter in the post-Steve Jobs era was a success.
01/25/12
NEW YORK (Reuters) - During your working years, it is usual to focus more on gaining an immediate deduction for retirement account contributions than on how future withdrawals will be taxed....
01/25/12
(Reuters) - When Apple Inc set up its customer service plan for the iPhone, it seems to have had the best intentions of humanity in mind -- any phone under warranty can get serviced because it's the...
01/25/12
HOLLYWOOD, Florida (Reuters) - Exchange-traded fund providers agree that they need to do more to make sure investors understand what they are buying when they invest in an ETF. But the details of how...
01/25/12
(Reuters) - Mary Rich worked for a hospital in northern New Jersey for 25 years, first as a registered nurse and later as an executive. One of the job's benefits was a traditional pension that she...
01/25/12
(Reuters) - Financial advisers may be overlooking one potential threat in the rush to develop new client relationships through social media: hackers.
01/25/12
* Media companies with big exposure to battleground states
01/25/12
(Reuters) - While Americans might get a little break in their payroll taxes through the end of this year, greater financial relief for workers will be elusive. After the State of the Union speech by...
01/25/12
(Reuters) - Suppliers basked in the reflection of Apple's glowing results on Wednesday after the company's gold standard iPhones and iPads flew off the shelves over the holiday sales season.
01/25/12
(Reuters) - A group of consumer advocates, academics and economists want to end "too-big-to-fail" banks, starting with Bank of America Corp.
01/25/12
SAN FRANCISCO (Reuters) - Apple Inc's quarterly results blew past Wall Street's expectations after U.S. consumers snapped up near-unprecedented numbers of iPhones and iPads, sending its shares up 8...
01/25/12
U.S. workers spend more than $1,000 a year on coffee and another $2,000 on lunch, with men and young workers more willing to indulge in a $5 coffee than women or older colleagues, according to a...
01/24/12
U.S. workers spend more than $1,000 a year on coffee and another $2,000 on lunch, with men and young workers more willing to indulge in a $5 coffee than women or older colleagues, according to a...
01/24/12
(Reuters) - Bank of America Corp is wading into the fast-growing business of offering consumers targeted online discounts.
01/24/12
NEW YORK (Reuters) - The stock market regularly gets caught up in curious fads. One month it's Chinese Internet stocks, the next it's solar energy producers, and the next it's daily-deal sites like...
01/24/12
NEW YORK (Reuters) - The 2012 presidential election could be one of the most expensive in history - starting with what is expected to be a drawn-out primary season.
01/24/12
NEW YORK (Reuters) - About one in five workers around the globe, particularly employees in the Middle East, Latin America and Asia, telecommute frequently and nearly 10 percent work from home every...
01/24/12
(Reuters) - Despite flat stock market returns in 2011, investors haven't lost faith in their workplace retirement plans, according to two studies released on Tuesday by the Investment Company...
01/24/12
LOS ANGELES (Reuters) - Netflix Inc probably would like nothing better than to put 2011 behind it. But 2012 may be no walk in the park either.
01/24/12
(Reuters) - Former Red Sox catcher Doug Mirabelli has earned another victory, this time off the field.
01/23/12
CHICAGO (Reuters) - U.S. workers suffered many more job losses during the 2007-2009 Great Recession than in downturns over the past 30 years, and fewer than half got another position within six...
01/23/12
CHICAGO/NEW YORK (Reuters) - Apple Inc has been in many ways an unstoppable stock, and that has been even more the case after earnings. Going back eight years, on the day after the release of...
01/23/12
(Reuters) - With mortgage rates at historic lows and consumers' power through social media at an all-time high, those looking to buy homes or refinance can find the combination advantageous if they...
01/23/12
(Reuters) - I've never thought that laziness could be a virtue, but when it comes to investing, it's often advantageous. You can trade too much and become too pre-occupied with the headlines and...
01/23/12
SAN FRANCISCO (Reuters) - Apple Inc coasts into 2012 with a strong wind in its sails, a clutch of envelope-pushing products in its hold, a record share price, and a steady hand at the tiller.
01/23/12
NEW YORK (Reuters) - When your health insurance provider denies an experimental treatment or a high-cost drug, how much are you willing to pay for the care you believe you need?
01/22/12
WASHINGTON (Reuters) - Few U.S. companies plan to step up hiring in the next six months although they do expect the economy to be a bit stronger this year, according to a poll released on Monday.
01/20/12
(Reuters) - Ties between government and self-regulatory organizations are likely to get tighter as they rely more on each other, said Richard Ketchum, chairman and chief executive of the Financial...
01/20/12
(Reuters) - You're underwater on your mortgage and falling behind on payments. You may lose your home. Can you negotiate with your lender to reduce your principal?
01/20/12
NEW YORK (Reuters) - When Reggie Wilkes began playing football for the Philadelphia Eagles in 1978, the Georgia Institute of Technology graduate had no idea how to balance a checkbook or calculate...
01/20/12
New York (Reuters) - New York corporate financier Ron Perelman and his longtime business partner and best friend Donald Drapkin had a bad falling out when Drapkin left Perelman's company five years...
01/20/12
(Reuters) - Most seniors on Medicare will pay $99.90 per month this year for Part B outpatient coverage. But how would you like to pay 10 percent more for that coverage, or 50 percent more?
01/20/12
WASHINGTON (Reuters) - Sales of previously owned homes rose to an 11-month high in December and the supply of properties on the market tumbled to a near 7-year low, pointing to a nascent recovery in...
01/20/12
GENEVA (Reuters) - Economic growth, jobs and protectionism are the top three worries at the start of 2012, according to a "Call to Action" published by 11 leaders of international organizations on...
01/20/12
(Reuters) - Whether your cruise ship crashes or you simply become too sick to step onto an airplane, there are ways to protect yourself when a trip doesn't go as planned.
01/20/12
(Reuters) - U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Department's criminal division, were partners for years at a Washington law firm that represented a Who's Who of...
01/19/12
NEW YORK (Reuters) - Ernst & Young employees who opt for same-sex domestic partners' medical benefits will get something of a delayed bonus this year when they file their 2011 federal and state tax...
01/19/12
(Reuters) - When Brad Catania went to Cancun in April 2010 with co-workers for a long-weekend retreat, the 35-year-old recruiter from Eagleville, Pennsylvania, expected a week of sun and surf...
01/19/12
NEW YORK (Reuters) - American Funds, once the darling of financial advisers, has done well by investing and doing business conservatively, but that approach has now become something of a liability.
01/19/12
(Reuters) - Whether your cruise ship crashes or you simply become too sick to step onto an airplane, there are ways to protect yourself when a trip doesn't go as planned.
01/19/12
NEW YORK (Reuters) - Applying for financial aid can be as daunting as applying to college. But there's plenty of help available for completing those federal forms, both online and in person.
01/19/12
(Reuters) - Apple Inc unveiled a new digital textbook service called iBooks 2 on Thursday, aiming to revitalize the U.S. education market and quicken the adoption of its market-leading iPad.
01/19/12
By Carrick Mollenkamp, Lauren Tara LaCapra and Matthew Goldstein
01/19/12
MADRID/ATHENS (Reuters) - The embattled euro zone cleared a major funding test on Thursday when Spain romped through a key bond sale, while signs pointed to only a mild recession for the 17-nation...
01/18/12
(Reuters) - Hedge fund titan Steven A. Cohen is once again in the spotlight over allegations of improper trading at his $14 billion SAC Capital Advisors.
01/18/12
(Reuters) - Hedge fund advisers are scrambling to meet an unofficial registration deadline that has, until recently, been widely ignored by many mid-size firms.
01/18/12
NEW YORK (Reuters) - It's the sector that can't seem to catch a break.
01/18/12
NEW YORK (Reuters) - When the oldest baby boomers start turning 66 this year, they'll be eligible to file for full Social Security benefits. But pollsters say many Americans plan to work well past...
01/18/12
NEW YORK (Reuters) - When Bill and Lydia Talmer applied for financial aid for their eldest daughter in 2007, it took three tries before their paperwork was accepted.
01/18/12
WASHINGTON (Reuters) - By now, the class of 2011 has moved on to real life. There's some good news: Early reports show they are getting better job offers than their older brothers and sisters did...
01/18/12
HOUSTON (Reuters) - While millions of college grads look forlornly into the worst U.S. job market in decades, Emily Woner pretty much guaranteed herself one of America's best-paid post-graduate jobs...
01/18/12
NEW YORK (Reuters) - At least two senior hedge fund employees were being arrested as part of the government's sweeping probe into insider trading, people familiar with the matter said on Wednesday.
01/18/12
(Reuters) - Goldman Sachs Group Inc's fourth-quarter profit fell 56 percent as trading and investment banking revenue plunged, but the bank managed to beat analysts' expectations through cost cutting...
01/18/12
(Reuters) - The FBI is making several arrests as part of the government's sweeping probe into insider trading, people familiar with the matter said on Wednesday.
01/18/12
BEIJING/WASHINGTON (Reuters) - The World Bank warned developing countries on Wednesday to prepare for the "real" risk that an escalation in the euro area debt crisis could tip the world into a slump...
01/18/12
PARIS (Reuters) - French banks BNP Paribas and Natixis are to focus investment-banking activity on a select list of large clients to help preserve capital and cut debt amid the euro zone debt crisis,...
01/17/12
WASHINGTON (Reuters) - It's all fun and margaritas when you first book a cruise. But that "ticket" is actually a contract that can run more than a dozen pages, and gives away more rights to the...
01/17/12
(Reuters) - Paycheck a little lighter this month? Despite the extension of the payroll tax cut, taxes are still taking a bigger slice of many workers' pay in 2012. And 2013 could be even worse.
01/17/12
(Reuters) - If you want to be optimistic about investing this year - and there are plenty of reasons to be - you need to understand the tale of two economies.
01/17/12
(Reuters) - She may be the last of TV's "Golden Girls," but the ubiquitous Betty White came in first in a recent survey asking nearly 2,000 retired and soon-to-retire Americans to choose a role model...
01/16/12
NEW YORK (Reuters) - More than four years after the United States fell into recession, many Americans have resorted to raiding their savings to get them through the stop-start economic recovery.
01/13/12
(Reuters) - Can those celebrity-linked prepaid cards really help the unbanked?
01/13/12
SAN FRANCISCO (Reuters) - Apple revealed its once closely guarded list of global suppliers on Friday, taking a dramatic and unprecedented step in response to harsh criticism that it was turning a...
01/13/12
(Reuters) - The drag of the European debt crisis on investment banking weighed on JPMorgan Chase & Co's fourth-quarter profit, sending financial stocks tumbling even as the bank provided evidence...
01/13/12
WASHINGTON (Reuters) - New consumer financial chief Richard Cordray has been calling the heads of some of the top U.S. banks in an effort to build support for his agency, which is viewed skeptically...
01/13/12
NEW YORK (Reuters) - If you're an investor in the stock market, you should cower in fear of Barry Uhl.
01/13/12
WASHINGTON (Reuters) - A new video game has gotten its hooks into Brian Kealer, a 26-year-old San Francisco software engineer. He's not killing birds or using his vocabulary to impress his friends....
01/13/12
LONDON (Reuters) - Investors this year will have to move away from trading strategies that link commodities and other risk assets to the ups and downs of the dollar and instead focus more on the...
01/12/12
(Reuters) - Not only was it a bad year for the hedge fund industry, but 2011 may be the year the model was exposed as fundamentally broken.
01/12/12
(Reuters) - Young investors spooked by market volatility are continuing to shun equities (see http://link.reuters.com/puj95s). But is that any reason not to be thinking about saving for a secure...
01/12/12
NEW YORK (Reuters) - One of the first big companies of the Internet era is showing its age.
01/12/12
(Reuters) - The unbanked make up 7.7 percent of U.S. households, according to the Federal Deposit Insurance Corp., and they are sitting ducks for celebrity-pitched prepaid cards, costly check-cashing...
01/12/12
(Reuters) - Financial advisers don't have the freedom to embrace social media with the same unbridled enthusiasm as the rest of the world.
01/12/12
Las Vegas (Reuters) - Hampton Adams has been one of CES' most loyal devotees for 15 years. But unlike a good chunk of the 140,000-plus who descend on the world's largest technology showcase every...
01/12/12
WASHINGTON/BOSTON (Reuters) - Warren Buffett is willing to put his money where his mouth is, if only congressional Republicans would join him.
01/12/12
(Reuters) - Raymond James Financial Inc said on Wednesday it agreed to acquire Southeast investment bank and brokerage Morgan Keegan from Regions Financial Corp for $930 million in stock, concluding...
01/12/12
WASHINGTON (Reuters) - Retail sales rose at the weakest pace in seven months in December and first-time claims for jobless benefits moved higher last week, signs the economic recovery remains shaky...
01/11/12
(Reuters) - The Internal Revenue Service has persuaded U.S. taxpayers to disclose hidden offshore bank accounts but then sometimes failed to cap the penalties, as promised, an agency watchdog said on...
01/11/12
(Reuters) - The Internal Revenue Service has persuaded U.S. taxpayers to disclose hidden offshore bank accounts but then sometimes failed to cap the penalties, as promised, an agency watchdog said on...
01/11/12
BOSTON/NEW YORK (Reuters) - Excuses, excuses and more excuses.
01/11/12
WASHINGTON (Reuters) - I have a particularly resourceful friend who lives a pretty good life, despite never having quite enough money. She is hardworking and popular with her wide circle of friends,...
01/11/12
LAKE FOREST, Illinois (Reuters) - The U.S. Federal Reserve should stick to its super-easy monetary policy to fight unemployment and spur a "painstakingly slow" economic recovery, even if doing so...
01/11/12
LONDON (Reuters) - A backlash against rising inequality - evident from the Occupy movement to the Arab Spring - risks derailing the advance of globalization and represents a threat to economies...
01/11/12
LONDON (Reuters) - The worst is yet to come in the euro zone's debt crisis but the currency union will survive 2012 intact, according to a Reuters poll of economists who say France will probably lose...
01/11/12
BAGHDAD (Reuters) - Foreign investors seeking a foothold in Iraq take heed: you'll need a healthy dose of patience, a flexible schedule, and a love of tea.
01/11/12
(Reuters) - Jim and Celeste Durkin thought when they began investing six years ago in Illinois state's prepaid college savings plan that they were locking in a bargain price if their daughter...
01/11/12
LONDON (Reuters) - If the first week in January 2012 tells us anything about the investment year ahead, it's to be skeptical about black and white thinking.
01/10/12
NEW YORK (Reuters) - Investor sentiment seems to be at odds with reality.
01/10/12
WASHINGTON (Reuters) - The U.S. Supreme Court ruled on Tuesday for Synovus Financial Corp and CompuCredit Holdings Corp and said credit card claims by consumers under a 1996 law must be handled in...
01/10/12
(Reuters) - Pacific Investment Management Co has received approval from the Securities and Exchange Commission to launch its total return exchange-traded fund on March 1, Pimco said on its website..
01/10/12
NEW YORK (Reuters) U.S. broker-dealers are up in arms over a provision of the Department of Labor's 401(k) plan fee disclosure rules that would require them to report how much they are paid to...
01/10/12
Broker-dealers are up in arms over a little-known provision of the Department of Labor's 401(k) plan fee disclosure rules.
01/10/12
(Reuters) - Here's a political proposal that sounds reasonable: Fix struggling government entitlement programs by cutting the benefits of rich people, who don't need them anyway. How about it, Jon...
01/10/12
(Reuters) - Ask any money manager about people who don't invest in stocks, and the answer is probably a little condescending. They just don't understand the market; they're not thinking about the...
01/10/12
SIOUX COUNTY, IOWA (Reuters) - If there is an epicenter of the nation's farmland boom, it can be found here amid the rolling hills of northwest Iowa.
01/10/12
NEW YORK (Reuters) - Raymond James Financial Inc is in the lead to buy brokerage Morgan Keegan from Regions Financial Corp in a deal that would bolster the firm's prowess in trading securities for...
01/10/12
HONG KONG (Reuters) - Former Goldman Sachs Group Inc trader Morgan Sze's hedge fund Azentus Capital lost 6.79 percent in 2011, two sources with direct knowledge of the matter told Reuters on Tuesday.
01/09/12
(Reuters) - As tax season begins, a decision by Wal-Mart Stores Inc to offer some free and discounted tax preparation in conjunction with its check-cashing services at more than 3,000 U.S. stores is...
01/09/12
(Reuters) - Another 26,877 Homeowners won permanent reductions in their mortgages in November under the Obama administration's main foreclosure prevention program but the housing market remains...
01/09/12
LONDON (Reuters) - Blue-chip names like Johnson & Johnson, Pfizer and Peugeot are among firms bailing out Europe's ailing banks in a reversal of the established roles of clients and lenders.
01/09/12
(Reuters) - For years, one of the more bankable phenomena in finance has been the January effect.
01/09/12
TD Ameritrade has decided to replace its longtime frontman and Law & Order star Sam Waterston. His replacement: Matt Damon.
01/06/12
(Reuters) - Upromise, a program that gives back a percentage of its members' spending for college savings, is designed to make saving for college easier. But the program may have made it easier for...
01/06/12
(Reuters) - Recruiters for rivals often woo Merrill Lynch's army of financial advisers with mixed results. This year, they are more hopeful they can poach top revenue producers -- and even entire...
01/06/12
(Reuters) - Today's report on unemployment shows that the economy continues to gather steam - payrolls grew by 200,000 and the jobless rate ticked downward again, to 8.5 percent.
01/06/12
(Reuters) - No matter what theme you adopt in a market forecast, predictability has always been a bugaboo. Just ask Bill Gross, the legendary manager of the PIMCO Total Return bond fund.
01/06/12
(Reuters) - The indictment of three Swiss bankers employed by Switzerland's oldest private bank sheds light on an obscure corner of hidden offshore wealth: the relationships some smaller banks have...
01/05/12
WASHINGTON (Reuters) - U.S. employment likely grew solidly last month, but the jobless rate probably rose from a 2-1/2 year low as improving conditions lured some Americans who had given up looking...
01/05/12
(Reuters) - Corporate America's worst nightmare lives in a tiny one-bedroom apartment, loves browsing in flea markets and has a lop-eared brown and white pet rabbit named Crackers.
01/05/12
(Reuters) - Corporate America's worst nightmare lives in a tiny one-bedroom apartment, loves browsing in flea markets and has a lop-eared brown and white pet rabbit named Crackers.
01/05/12
WASHINGTON (Reuters) - In his first full day as chief of the Consumer Financial Protection Bureau, Richard Cordray sought to lower the political heat around the agency, saying it would earnestly get...
01/05/12
(Reuters) - It might be the most important question in portfolio construction this year: can Treasuries extend their winning streak to 31 years?
01/05/12
(Reuters) - Boeing Co lost the 2011 order race by a wide margin and lagged its archrival Airbus on deliveries for the ninth year in a row, figures showed on Thursday, but it pledged to fight back in...
01/05/12
NEW YORK (Reuters) - The jobs recovery gathered pace as a measure of private-sector hiring surged in December and claims for unemployment benefits fell, suggesting the battered labor market may...
01/05/12
(Reuters) - When Lauren Bossers, who lives in Pittsburgh, worked for a supply chain management software company in Dallas, she dealt with work and staff in the main office virtually, by phone and...
01/05/12
(Reuters) - Many retailers had to discount more than they wanted to draw customers over the holidays, cutting into profits even as December sales came in slightly better than expected overall.
01/05/12
NEW YORK (Reuters) - With every new year comes a new round of bold predictions for financial markets.
01/05/12
NEW YORK (Reuters) - General Motors, Ford Motor Co, and Chrysler on Wednesday each announced double-digit sales gains for the year, adding to confirmation that 2011 was a year of recovery for the...
01/05/12
(Reuters) - More Americans say their employers are cutting bonuses and perks or initiating hiring freezes, and slightly more workers are worried about layoffs in the next six months, according to a...
01/04/12
(Reuters) - Billy Lacher couldn't have purchased his split-level home in October without a little help from an increasingly popular financial institution: The Bank of Mom and Dad.
01/04/12
WASHINGTON (Reuters) - It's a cherished and long-held belief in the personal finance world that there's no such thing as a free lunch. The catechism goes like this: if a service is "free" that just...
01/04/12
(Reuters) -- Companies with 401(k) plans and their employees may have to wait a little longer to find out what they are paying for their plans.
01/04/12
* Forecasters predict 9 pct rise in U.S. Dec sales yr-on-yr
01/04/12
(Reuters) - U.S. prosecutors charged three Swiss bankers on Tuesday of conspiring with wealthy U.S. taxpayers to hide more than $1.2 billion in assets from tax authorities.
01/04/12
* BMO says discount brokers' trading levels down 14-17 pct
01/04/12
(Reuters) - Despite gloomy headlines from Europe over the past year, a new technology mash-up is emerging that could spark some exciting ideas for investors.
01/03/12
WASHINGTON (Reuters) - Small businesses created 55,000 jobs in December and increased working hours for employees, further evidence the labor market was strengthening.
01/03/12
(Reuters) - This new year might be the one in which the housing market starts to strengthen, according to the 2012 predictions of several housing industry observers and experts.
01/03/12
(Reuters) - Despite gloomy headlines from Europe over the past year, a new technology mash-up is emerging that could spark some exciting ideas for investors.
01/03/12
(Reuters) - Global hedge funds pulled in new money in November, ending months of heavy outflows when investors punished managers for a string of poor returns, new data released on Tuesday showed.
01/03/12
(Reuters)-The year 5 A.C. (After Crisis), otherwise called 2012, may well become known for the long list of expected things which never quite happened.
01/03/12
(Reuters) - When top retailers post their December sales this week, Wall Street analysts are expecting them to report a healthy end to the holiday season, helped by discounts, improved consumer...
01/03/12
(Reuters) - Starbucks Corp is raising prices by an average of about 1 percent in the U.S. Northeast and Sunbelt regions on Tuesday, a move affecting cities such as New York, Boston, Washington DC,...
01/02/12
(Reuters) - If hedge fund manager Eddie Lampert wants to save one of the oldest retail empires in the United States, he should consider shutting down Sears Holdings Corp's Kmart discount chain and...
01/02/12
WASHINGTON (Reuters) - Borrowing by small U.S. businesses hit its highest level in nearly four years in November, pointing to underlying strength in the economy.
12/30/11
(Reuters) - Wall Street's worries did little to stifle the movement of U.S. financial advisers switching firms in the last half of 2011, during which five adviser teams, each managing client assets...
12/30/11
WASHINGTON (Reuters) - Ask any behaviorist: Resolutions rarely work. They are too big and sweeping. The minute you fall off the bandwagon, you abandon attempts to climb back on, mostly because you're...
12/30/11
NEW YORK (Reuters) - Could the U.S. housing market finally be on the mend?
12/30/11
LONDON (Reuters) - Out with the old year, in with the new and for investors uncertainty is likely to be the only certainty once more.
12/29/11
NEW YORK (Reuters) - Annie Scranton has a little problem.
12/29/11
(Reuters) - You won't get too many arguments at holiday parties if you say that 2011 has been one of the most challenging years for investors.
12/28/11
WASHINGTON (Reuters) - In the waning days of 2011, the federal government has handed gamblers two gifts. The Justice Department cleared the way for states to start legalizing online poker and other...
12/28/11
(Reuters) - As the times and technology advance, once-essential parts of our lives turn into pop cultural relics, from transistor radios to cell phones the girth of six-inch subs.
12/28/11
(Reuters) - As the year comes to a close, investors are finding themselves in a position they didn't expect: The U.S. economy looks to be growing more than most analysts anticipated.
12/27/11
(Reuters) - The Republican Party has staged a mind-numbing 18 presidential debates this year, and more questions and answers lie ahead as the primaries and general election get into high gear in the...
12/27/11
Yet that doesn't mean that economic recovery won't be part of the story. A focus on the industries likely to benefit from a rebound and long-term demographic trends bodes well for these sectors:
12/27/11
(Reuters) - Middle-aged borrowers are piling up student debt faster than any other age group, according to a new analysis obtained by Reuters.
12/26/11
(Reuters) - Breaking up Bank of America is one of the best value propositions in the world today.
12/23/11
(Reuters) - The payroll tax cut fight has reminded Democrats that they still have muscles, and that they can win a fight once in a while against Republicans.
12/23/11
NEW YORK (Reuters) - Like most families, Susan Colpitts has many holiday traditions, but she particularly values one that she started several years ago. At Christmas she gives each of her children a...
12/23/11
(Reuters) - At an age when others might ready for pre-retirement, some folks pass age 50 determined to start a new life in the business world - and succeed beyond their rosiest business plan...
12/23/11
(Reuters) - With so many people flying over the holidays, there's a good chance some of these travelers will end up at their final destination without their luggage. Nearly four of every 1,000...
12/22/11
NEW YORK (Reuters) - There's little time left in the year for tax planning. While most year-end tax planning stories focus on employees with tips about spending down flexible spending accounts and...
12/22/11
(Reuters) - In every year, there are a host of surprises that come along like earthquakes: They are nearly impossible to predict.
12/22/11
(Reuters) - Weakening economies and falling prices of rival smartphones are hurting sales of Apple iPhones across Europe, data from research firm Kantar Worldpanel ComTech showed on Thursday.
12/21/11
WASHINGTON (Reuters) - The youngest retirement investors are not abandoning the stock market and actually are more likely than other groups to have stock-heavy portfolios in their 401(k) accounts,...
12/21/11
WASHINGTON (Reuters) - Remember way back in January, when Washington was arguing about taxes, homeowners were having trouble getting refinanced and investors were dumping gold? Hmmm...that makes it...
12/21/11
NEW YORK (Reuters) - It is a good time to be a U.S. stock investor for the long term - if you can ignore the noise erupting every few hours.
12/21/11
(Reuters) - If you needed a clue that Chicago's Eye Spy Optical does brisk business in late December - the time when many healthcare flexible spending accounts expire for American employees - just...
12/21/11
(Reuters) - For most people, the holiday season is a time spent with family and friends, but for many it can be a time of intense loneliness. Scammers count on that.
12/21/11
HELSINKI (Reuters) - Nokia's long-awaited Windows phones may be too little, too late in the smartphone war and investment in the shares will increasingly be driven by takeover speculation.
12/20/11
(Reuters) - Financial advisers in the United States are seeing fewer benefits from their use of social media, a survey by Aite Group showed on Tuesday.
12/20/11
(Reuters) Concerns about a deep recession in Europe and fears of a breakup of the single euro currency have sent investors rushing into the perceived safety of U.S. Treasuries. But this reassurance...
12/20/11
NEW YORK (Reuters) - It is a good time to be a U.S. stock investor for the long term - if you can ignore the noise erupting every few hours.
12/20/11
NEW YORK (Reuters) - Think of wine critic Robert Parker as the E.F. Hutton of fermented grapes. When he talks, oenophiles listen.
12/20/11
(Reuters) - Southwest Airlines pilots are now free to retire about the country. That's because they have the nation's best 401(k) plan.
12/19/11
(Reuters) - Since the financial crisis, money managers had flocked to high-paying dividend stocks, lured by one of the only bright spots in the volatile U.S. equity market. Not anymore.
12/19/11
(Reuters) - In just the last year alone, we've seen epic snow, wind, fire and rain. There were a record 12 extreme weather events in 2011 according to the National Oceanic and Atmospheric...
12/19/11
NEW YORK (Reuters) - When times get tough, American women buy nail polish.
12/19/11
(Reuters) - More than a quarter of Baby Boomers are unsure if they will be able to meet their savings goals by the time they are ready to retire, while their children appear to be on sounder footing,...
12/19/11
(Reuters) - It's beginning to look a lot like a stronger U.S. holiday sales season, with another firm raising its sales forecast, though analysts continue to believe retailers are putting margins at...
12/19/11
(Reuters) - Mutual fund firms are pitching a new flavor of "go anywhere funds," this time in emerging markets.
12/19/11
(Reuters) - When the online banking site SmartyPig.com dropped its savings interest rates yet again recently, many of the institution's goal-oriented savers - who joined up to get better interest...
12/19/11
SINGAPORE (Reuters) - Buying a mutual fund in Singapore may not be a cakewalk anymore.
12/18/11
WASHINGTON (Reuters) - Americans are making progress in working down their heavy debt burden, but are struggling to break out of another funk holding back the economy: their deep pessimism.
12/16/11
(Reuters) - Sigh. A lot of people are predicting more of the same for 2012: Another year of stock market volatility, high unemployment, banking industry upheaval, weak housing and more talk about...
12/16/11
Los Angeles and New York Dec 16 (Reuters) - Hollywood has yet to shake off the Thanksgiving hangover, with box office receipts slumping in the weeks since the late November holiday.
12/16/11
(Reuters) - Sigh. A lot of people are predicting more of the same for 2012: Another year of stock market volatility, high unemployment, banking industry upheaval, weak housing and more talk about...
12/16/11
(Reuters) - With home mortgage rates still hovering around record lows - and they may fall further still - this should be the perfect time to lower your borrowing costs.
12/16/11
NEW YORK (Reuters) - It's painful to admit that you've lost money on an investment. But even worse is leaving those losers in your portfolio, and ending up paying capital-gains taxes because the only...
12/16/11
(Reuters) - Stock markets have become so highly correlated to one another that it can feel like a one decision world: in or out.
12/16/11
LONDON (Reuters) - Deep cracks are starting to show in the love affair between hedge funds and their investors, after another year of paltry returns on expensive investments leaves many feeling...
12/16/11
NEW YORK (Reuters) - If your investments are being steered by active fund managers, here's a little tip: When you open that statement, you might want to shield your eyes.
12/15/11
(Reuters) - Creating a self-regulatory organization to examine investment advisers would cost at least twice that of ramping up exams by the U.S. Securities and Exchange Commission, using fees...
12/15/11
(Reuters) - A financial advisor who counsels 57-year-olds to lock themselves into large loan payments until they are approaching 90 probably ought to be looking for another line of work.
12/15/11
(Reuters) - Here's the big tax story for 2011: Do you know who your dependents are?
12/14/11
(Reuters) - Here's the big tax story for 2011: Do you know who your dependents are?
12/14/11
(Reuters) - Holiday shoppers are increasingly pulling out their phones instead of their debit cards when it comes time to pay for a purchase, but what risks are they exposing themselves to when they...
12/14/11
NEW YORK (Reuters) - Dividends, once considered the boring afterthought of the stock market, are now in vogue.
12/14/11
(Reuters) - Warning: This article concerns annuities, long treated by many consumers as the bottomless bowl of cold oatmeal at the personal finance breakfast bar.
12/14/11
(Reuters) - Like millions of other parents over the past several years, Kevin and Lucy Ferrell used a new baby product called the Bumbo Baby Sitter that they bought at Toys R Us to prop up their son,...
12/14/11
OTTAWA (Reuters) - The debt burden on Canadian households rose to a record high in the third quarter as mortgage and consumer credit increased but the net worth of households fell, Statistics Canada...
12/14/11
DUBLIN/ROME (Reuters) - Europe's "no pain no gain" attitude to solving its sovereign crisis risks exacerbating the bloc's problems, choking off the very growth needed to raise the money to pay down...
12/14/11
LONDON (Reuters) - The looming new year may well bring as much financial turbulence as tumultuous 2011 but global investors reckon "panic" is no longer an option and just protecting your money will...
12/13/11
WASHINGTON (Reuters) - The Federal Reserve on Tuesday pointed to turmoil in Europe as a big risk to the U.S. economy, leaving the door open to a further easing of monetary policy even as it noted...
12/13/11
(Reuters) - An agreement between European leaders to help save the eurozone fails to address one main problem: Europe's economies are growing too slowly.
12/13/11
(Reuters) - Transparency will be coming to your 401(k) plan next year in the form of new quarterly reports that clearly disclose the fees you pay on investments. Now, the question is: What will you...
12/13/11
(Reuters) - A few months ago Yves Colon and his wife Melissa had a number of retirement accounts from previous jobs scattered among different financial institutions, and only a vague idea of what to...
12/13/11
NEW YORK (Reuters) - Facebook, the social networking site, is probably not the first place that comes to mind when contemplating new career opportunities.
12/13/11
WASHINGTON (Reuters) - The Federal Reserve is likely to hold off offering the economy fresh stimulus at a meeting on Tuesday as it weighs encouraging signs on the recovery against risks coming from...
12/13/11
(Reuters) - Washington Mutual Inc, the biggest bank to fail in U.S. history, said it reached a settlement in a dispute between shareholders and certain creditors that had prevented the bank from...
12/12/11
(Reuters) - When Allison Lowe-Fotos turned 30, she didn't want gifts. Instead, she asked friends and family to donate online to the Chicago Foundation for Women. "Much to my surprise, I raised more...
12/12/11
(Reuters) - Not that long ago, it seemed like everyone belonged to an investment club. People would gather at a friend's house, share a few bottles of merlot and toast their soaring investments in...
12/12/11
(Reuters) - I can't say it's been a great year for investing books. It's been hard enough to keep up with the gyrating stock market and European crisis. Fortunately, there are a handful of books that...
12/12/11
(Reuters) - Dennis Varni remembers buying his first car, a 1931 Ford Model A, more than a half century ago when he was 14. It cost him $45 and to amass that princely sum, he picked fruit, hawked his...
12/12/11
(Reuters) - Money manager Bill Brennan spends most of his waking hours thinking about something most Americans take for granted: water.
12/11/11
(Reuters) - Retailers are coming up with ways to make the gift card - that staple of holiday giving - more exciting to receive, from including a set of Lego blocks to putting images of popular...
12/11/11
SHELBY COUNTY, IOWA (Reuters) - On a recent morning inside a crowded town hall, auctioneer Jeffrey Obrecht sold off a sliver of western Iowa farmland barely wider than a football field.
12/09/11
(Reuters) - The ongoing turmoil in world markets has made for a herky-jerky ride this year. What did you learn?
12/09/11
(Reuters) - If you worry whether your kids will fall into the future ranks of "haves" or "have-nots," consider your own financial behavior in a more imperative duality: Are you a "doer" or a...
12/09/11
NEW YORK (Reuters) - There's a way to save money this holiday season, even before the after-Christmas sales: Unused gift cards and merchandise credits for resale in secondary markets. Some of the...
12/09/11
-- James Saft is a Reuters columnist. The opinions expressed are his own --
12/08/11
NEW YORK (Reuters) - The Internal Revenue Service's crackdown on overseas tax cheats is having an unintended consequence on American expats. It's prompting many of them to pay penalties for failure...
12/08/11
WASHINGTON (Reuters) - Total tax revenues of U.S. states returned to pre-recession levels in the 2011 third quarter, a public policy institute reported on Thursday, but revenue growth slowed during...
12/08/11
WASHINGTON (Reuters) - Companies are shaking up their 401(k) retirement plans, trimming lists of mutual fund offerings and shaving the fees workers pay as they prepare for new federal rules that will...
12/08/11
(Reuters) - E*Trade Financial Corp wants to be seen as more than an e-trading firm.
12/08/11
WASHINGTON (Reuters) - New claims for unemployment benefits dropped to a nine-month low last week, a government report showed on Thursday, suggesting the labor market recovery was gaining momentum.
12/07/11
WASHINGTON (Reuters) - Scott Schuh is a Federal Reserve Bank economist who spends his days studying the myriad ways consumers pay for their purchases. After a recent review of his research, he did...
12/07/11
(Reuters) - The White House unveiled a countdown clock this week, tick-tocking away the days, hours, minutes and seconds to a December 31 deadline for extending and expanding the payroll tax cut....
12/07/11
NEW YORK (Reuters) - If there's one word to describe the stock market these days, it's "manic". Up hundreds of points one day, down hundreds the next, spiking or collapsing based on whatever the...
12/07/11
NEW YORK (Reuters) - Money managers are bracing for more market volatility and political uncertainty as they weigh their investment choices in 2012, reiterating a warning that simply holding cash...
12/06/11
NEW YORK/LOS ANGELES (Reuters) - Adriana Garcia won't be buying her family Christmas gifts this year.
12/06/11
NEW YORK/LOS ANGELES (Reuters) - Adriana Garcia won't be buying her family Christmas gifts this year.
12/06/11
(Reuters) - A drop in the unemployment rate reported last week should be good news for retailers during the crucial holiday sales season.
12/06/11
(Reuters) - Companies planning to spend thousands of dollars for staff Christmas parties, even with open bars, shouldn't bother because most U.S. employees would prefer money.
12/06/11
NEW YORK (Reuters) - Time is running out to take your 2011 tax breaks. Use them while you can - with tax changes looming, financial advisers say some long-standing deductions may soon disappear.
12/06/11
NEW YORK (Reuters) - Derek Capo was living the high life. He was in his early 20s, an analyst at hedge fund Everest Capital monitoring international equities, and soaking up the weather and nightlife...
12/06/11
NEW YORK (Reuters) - Vincent Fiorillo, a prominent mortgage investor, on Monday put at least a $100 billion price tag on cleaning up America's mortgage crisis.
12/06/11
NEW YORK (Reuters) - Retailers are generally optimistic about their holiday performance so far, although shaky economic conditions could change things quickly, the chief executive officer of American...
12/05/11
NEW YORK (Reuters) - Billionaire investor Ken Fisher, who last February had turned neutral on stocks, said on Monday he has become very bullish and finds most equity markets attractive.
12/05/11
NEW YORK (Thomson Reuters Accelus) - Federal charges filed last week in a suspected kickback scheme to sell thinly traded stocks highlight concerns over investor safety as Congress studies ways to...
12/05/11
(Reuters) - Is using a third party a better way to donate your charitable dollars?
12/05/11
Dec 5 - When President Barack Obama recently reauthorized benefits for the Trade Adjustment Assistance program, the White House emphasized it would help U.S. factory workers who have lost their jobs...
12/05/11
(Reuters) - More than a third of U.S. shoppers are already done with most of their holiday shopping, a survey showed on Monday, signaling that retailers need to offer bigger incentives to win sales...
12/05/11
(Reuters) - When he retired two years ago, David Moskowitz promised himself he'd donate about 10 percent of his fixed income annually to charity. The 63-year-old from Niles, Illinois, had rarely...
12/05/11
WASHINGTON (Reuters) - Senate Majority Leader Harry Reid hopes to get a vote this week on his soon-to-be proposed "compromise" to extend a popular payroll tax cut, a Democratic aide said on Monday.
12/05/11
(Reuters) - With the Federal Reserve keeping rates low and casting a cautious eye on Europe, is there still a way for investors to achieve higher yields?
12/05/11
(Reuters) - While many retail stores are working hard to lure holiday shoppers in the midst of bad economic times, a long-ignored corner of the market is on track to keep spirits high.
12/05/11
NEW YORK (Reuters) - Whether or not Europe resolves its banking crisis, the United States its deficit or China its cooling economy, U.S. investors should be prepared for more volatility in 2012.
12/02/11
WASHINGTON (Reuters) - President Barack Obama on Friday pledged an aggressive push to pass an extension to the payroll tax cut for U.S. workers, saying lawmakers must not leave for their holiday...
12/02/11
NEW YORK (Reuters) - Whether or not Europe resolves its banking crisis, the United States its deficit or China its cooling economy, U.S. investors should be prepared for more volatility in 2012.
12/02/11
(Reuters) - Jay Meister knew what he was getting into when he decided to switch firms the day after Thanksgiving.
12/02/11
(Reuters) - 'Tis the season to charge it. Pay a little now, finance the rest with credit cards. If you're like a lot of people, that might sound like a good deal for holiday shopping. "We spend more...
12/02/11
(Reuters) -- Mutual fund star managers have gone the way of the vinyl record: They're cool to have, expensive to get, and sometimes, not the best quality.
12/02/11
WASHINGTON (Reuters) - Employment growth picked up speed in November and the jobless rate dropped to a 2-1/2 year low of 8.6 percent, further evidence the economic recovery was gaining momentum.
12/01/11
WASHINGTON (Reuters) - The number of families collecting cash welfare benefits rose during the longest and deepest economic downturn in the United States since the Great Depression, the U.S. Census...
12/01/11
(Reuters) - The Issue: The parent company of American Airlines, filed for Chapter 11 bankruptcy on Tuesday. But there are still airline industry investing opportunities.
12/01/11
(Reuters) - Earlier hours and bigger promotions were the keys to success for several U.S. retailers in November, while chains that held fast to their same old holiday season strategies were dealt a...
12/01/11
(Reuters) - The Massachusetts attorney general has filed a lawsuit against five large U.S. banks accusing them of deceptive foreclosure practices, a signal of ebbing confidence that a multi-state...
12/01/11
(Reuters) - "Set it and forget it," infomercial marketer extraordinaire Ron Popeil used to say.
12/01/11
WASHINGTON (Reuters) - New claims for unemployment benefits rose unexpectedly last week, popping above 400,000 for the first time in just over a month and reinforcing the view that the battered labor...
11/30/11
NEW YORK (Reuters) - Millions of Americans remember US Airways pilot Chesley B. "Sully" Sullenberger III. In 2009, he became an instant hero for saving 155 lives by landing on New York City's Hudson...
11/30/11
(Reuters) - Missing your tax refund this year? The check may be waiting at the Internal Revenue Service, the U.S. tax collection agency said on Wednesday.
11/30/11
NEW YORK (Reuters) - Billionaire investor Warren Buffett buys newspapers every day, including his hometown daily, but on Wednesday he dispensed with the single-issue price and bought the whole...
11/30/11
(Reuters) - Disappointing returns and market volatility have soured many investors on their variable annuities, especially if they need access to cash.
11/30/11
WASHINGTON (Reuters) - Retirement planning almost always starts with one number: A guesstimate of the percentage of pre-retirement income you're expected to need after you retire. That's called the...
11/30/11
(Reuters) - A growing number of employers automatically enroll new workers in their retirement saving plans, boosting participation rates and the use of other automation features.
11/30/11
(Reuters) - Private equity investors have set their sights on investment advisory firms, betting they will take off when markets recover and more investors seek unconflicted advice.
11/30/11
(Reuters) - American Airlines passengers should not expect any near-term changes after the airline filed for bankruptcy, but the filing may affect their future plans.
11/30/11
NEW YORK (Reuters) - The number of planned layoffs at U.S. firms edged down marginally in November, though job cuts for the year have surpassed 2010's total, a report on Wednesday showed.
11/29/11
(Reuters) - American Airlines filed for bankruptcy protection on Tuesday to cut labor costs in the face of high fuel prices and dampened travel demand, capping a prolonged descent for what was once...
11/29/11
(Reuters) - American Airlines, the third-largest U.S. carrier, and its parent AMR Corp filed for bankruptcy protection on Tuesday to cut labor costs in the face of high fuel prices and dampened...
11/29/11
NEW YORK (Reuters) - It's not just holiday cards and sales flyers cluttering your mailbox: There's a good chance you've also been getting lots of unfamiliar paperwork about your investments. New tax...
11/29/11
(Reuters) - Two of my friends lost their jobs in the last month. One had worked for a large computer services company for 31 years. Another was an information technology manager whose position was...
11/29/11
(Reuters) - Could Japan be the next victim of the crisis of faith in government bonds?
11/29/11
(Reuters) - In a twist of lottery fate, three Connecticut money managers took home the state's largest Powerball jackpot. The trio came forward with the winning ticket at a press conference on Monday.
11/28/11
(Reuters) - One glance at the numbers for the first big weekend of holiday shopping and you might think Americans are flush with cash and spending it freely.
11/28/11
(Reuters) - One glance at the numbers for the first big weekend of holiday shopping and you might think Americans are flush with cash and spending it freely.
11/28/11
WASHINGTON (Reuters) - Households continued to slowly pare debt in the third quarter and showed a glimmer of interest in ramping up spending, a sign the economy is crawling back toward normalcy after...
11/28/11
NEW YORK (Reuters) - With unemployment stubbornly stuck around 9 percent, Molly Kirk knows she's lucky she to have a job offer in the human resources training program at Google after graduation. Even...
11/28/11
WASHINGTON (Reuters) - Sales of new homes rose in October and the supply of homes on the market fell to its lowest level since April of last year, showing some healing in the battered housing sector.
11/28/11
PARIS (Reuters) - The euro zone's debt crisis has become the biggest threat to the global economy and a break up of the currency zone can no longer be ruled out, the OECD said on Monday, slashing its...
11/28/11
FRANKFURT (Reuters) - A German regional court has opened the door to an investor law suit against credit rating agency Standard & Poor's over its assessment of Lehman Brothers securities before the...
11/27/11
WASHINGTON (Reuters) - The world economy is on a slippery slope. The euro zone appears to have tipped into a mild recession and the rest of the global economy is struggling to hold onto firm ground.
11/25/11
(Reuters) - Retailers were hoping for more shoppers like Shawn Elzia as the annual Black Friday bargain stampede marked the unofficial start of what is widely expected to be a middling holiday...
11/25/11
(Reuters) - Bank of New York Mellon Corp, which was derided for a plan to charge some of its large corporate and investment management clients for holding their deposits, appears to have flinched.
11/25/11
(Reuters) - If you ever plotted to get your kid a Zhu Zhu Pet when there were few to be had or can recall trying to buy a Tickle Me Elmo or Furby in time for the holidays, you know about toys that...
11/25/11
(Reuters) - Compliance departments need to make some new friends, and quickly.
11/25/11
LONDON (Reuters) - Fund managers keen to cash in on the cult of celebrity are being warned high-profile, pricey marketing campaigns in today's tough economic times could lose them more business than...
11/24/11
(Reuters) - The U.S. holiday shopping season was in full-swing on Thursday, with retailers hoping consumers will spend big despite worries about the fragile economy and their own precarious finances.
11/24/11
(Reuters) - The holiday shopping season starts in earnest on Thursday, with retailers anxious to see how willing U.S. consumers are to spend despite an endless stream of scary headlines about the...
11/23/11
(Reuters) - Jeff Gentz, a pilot for United Parcel Service, wanted to get his college diploma if he was going to keep lecturing his teenage daughter about the importance of a university degree.
11/23/11
NEW YORK (Reuters) - When it comes to boosting your compensation, you likely think about marching into your boss's office and demanding a raise. The thought of it probably makes you break out in a...
11/23/11
(Reuters) - Devin Davis wanted to use his tablet for his online banking. But after one too many botched transfers from account to account -- because of the imprecision of using the touchscreen...
11/23/11
WASHINGTON (Reuters) - The number of Americans filing new unemployment claims rose last week and consumer spending barely increased in October, according to data on Wednesday which could prompt...
11/23/11
WASHINGTON (Reuters) - Kenneth Kies sizes up the chances of reforming the convoluted U.S. tax code like someone who has lived through it before. In fact, he has.
11/22/11
WASHINGTON (Reuters) - After another fiscal fight next month, U.S. lawmakers are likely to agree to extend payroll tax cuts and emergency unemployment assistance, senior congressional aides said on...
11/22/11
NEW YORK (Reuters) - Wonder how much parents have been contributing recently to their kids' college-savings plans in this fitful economy? Short answer: Not much.
11/22/11
WASHINGTON (Reuters) - The breakdown of deficit talks in Congress will exact little pain on the U.S. healthcare industry, but it's a temporary reprieve from steeper cuts that could be put back on the...
11/22/11
(Reuters) - Now that the Super Committee has ground to a halt, the threatened "sword of Damocles" is poised to slash $1.2 trillion in federal spending. As we move to this next phase of the budget...
11/22/11
(Reuters) - Is it time for investors to bail big time on what Donald Rumsfeld called "Old Europe?"
11/22/11
NEW YORK (Reuters) - Wall Street bankers are used to vicious swings in fortunes - it is in their DNA. Make a killing in the good times, they say, because markets may turn against you tomorrow.
11/22/11
WASHINGTON (Reuters) - The U.S. economy grew more slowly than previously estimated in the third quarter, but weak inventory accumulation amid sturdy consumer spending supported views output would...
11/21/11
(Reuters) - For most American families, there's one major money-related tradition associated with Thanksgiving: Black Friday shopping. But for others, bargain hunting takes a back seat to a financial...
11/21/11
NEW YORK (Reuters) - The economy is recovering, right? Tell that to those desperate to find work. Read the headlines these days, and it seems there are two alternate realities. In one, the economy is...
11/21/11
NEW YORK (Reuters) - It's never been possible to get everything you wanted in one mutual fund. If you wanted a high yield, you couldn't have the safety of principal. If you wanted a fund whose...
11/21/11
NEW YORK (Reuters) - It's not like the people in Fort Wayne, Indiana aren't sympathetic with America's unemployed. It's just that they're not seeing as many of them as the rest of us.
11/21/11
BEAUNE, France (Reuters) - A sale of Burgundy wine at the world's biggest charity auction on Sunday drew lower bids than in previous years as economic jitters hit home.
11/21/11
PARIS (Reuters) - A rise in interest rates on French government debt and weaker growth prospects could be negative for the outlook on France's credit rating, Moody's warned in a report on Monday,...
11/21/11
WASHINGTON (Reuters) - The failure of a congressional deficit-cutting "super committee" means the tough work of putting the United States' finances on a stable path will likely have to wait until...
11/20/11
LONDON (Reuters) - Redemption requests by hedge fund clients gathered pace in November as investors kick-started the traditional year-end evaluation of manager performance after a 2011 blighted by...
11/18/11
THE ISSUE: High-flying Salesforce.com, the online software vendor, posted a third quarter loss this week, as its closely-watched growth rate in customer billings had slowed. The latest crash,...
11/18/11
(Reuters) - Chip McBreen, who leads fraud prevention and security at Members 1st Credit Union in Pennsylvania, has become a believer in facial recognition tools to stop bank fraud. He says the...
11/18/11
(Reuters) - Attention nervous municipal bond investors: You'll be pleased to know that most U.S. issuers are not like Harrisburg, Pennsylvania or Jefferson County, Alabama. Nor are they in the same...
11/18/11
NEW YORK (Reuters) - It was a telling moment at the height of the Occupy Wall Street protests.
11/18/11
MILAN (Reuters) - A U.S. law aimed at curbing tax evasion by citizens using foreign accounts could cost large multinational banks as much as $100 million apiece to implement in one-off systems costs,...
11/18/11
(Reuters) - During famed fund manager Bill Miller's 15-year streak of outperforming the S&P 500, he was often held up as proof that stock picking wasn't just dumb luck. It required skill.
11/18/11
(Reuters) - Amazon.com Inc may launch its own smartphone in the fourth quarter of 2012, Citigroup said, citing its supply-chain channel checks in Asia.
11/18/11
DUBAI (Reuters) - The United Arab Emirates, the world's fourth-largest oil exporter and home to gold trading hub Dubai, is rapidly becoming a force in trade of another highly valuable commodity:...
11/18/11
WASHINGTON (Reuters) - The number of children in the United States considered poor rose by 1 million in 2010, the U.S. Census said Thursday, with more than one in five of the youngest Americans now...
11/18/11
(Reuters) - The Congressional Super Committee negotiations are coming down to the wire, and Republicans are demanding that Medicare privatization be included in any final budget deal.
11/18/11
LONDON (Reuters) - Fears that governments will raid the savings of citizens to reduce debt burdens are driving investors to take greater risks with their money to outpace erosion of their wealth,...
11/17/11
NEW YORK (Reuters) - A fund manager accused of running an $11 million scam promoting phony access to coveted shares of Facebook and Groupon Inc before their public debut was arrested on criminal...
11/17/11
(Reuters) - Shares of consumer review website Angie's List surged as much as 44 percent on their market debut Thursday as investors continued to lap up internet offerings, but concerns about the...
11/17/11
(Reuters) - The Congressional Super Committee negotiations are coming down to the wire, and Republicans are demanding that Medicare privatization be included in any final budget deal.
11/17/11
(Reuters) - If you're like a lot of credit card users, you don't scour your bills, you just pay them. But you could be paying recurring charges you never signed up for, have fraudulent charges on...
11/17/11
(Reuters) - Stock picker Bill Miller, one of the mutual fund industry's biggest stars who has recently fallen on hard times, will retire from running his flagship portfolio at Legg Mason in April and...
11/17/11
NEW YORK (Reuters) - The Penn State sex abuse scandal has prompted soul searching by many of its alumni on Wall Street -- but perhaps nowhere greater than at Merrill Lynch, where hundreds of Nittany...
11/16/11
(Reuters) - Americans plan this year to go shopping in greater numbers on Black Friday, the biggest shopping day of the year and unofficial kick-off the holiday spending season.
11/16/11
NEW YORK (Reuters) - In a volatile year for the stock market like this one, it's worth paying attention to mutual funds' potential tax situations before they make distributions. If you buy into a...
11/16/11
WASHINGTON (Reuters) - American middle-class neighborhoods are on the decline and the divide between the rich and poor is widening, according to a study on Wednesday.
11/16/11
WASHINGTON (Reuters) - Anxious investors have been dumping their fears on financial advisers in what might be unprecedented numbers.
11/16/11
(Reuters) - The new consumer financial agency is setting its sites on the private student lending industry, announcing on Wednesday that it is seeking information on how to oversee these lenders.
11/16/11
(Reuters) - Watching the U.S. home market struggle to rebound is like listening to children in the back of a car. No, we're not there yet.
11/16/11
WASHINGTON, Nov 16 (Thomson Reuters Accelus) - The U.S. Treasury Department is developing long-awaited anti-money laundering rules for investment advisers and plans to involve the Securities and...
11/16/11
NEW YORK (Reuters) - If you judge the value of the financial advice you get by the amount you pay for it, then free investment message boards have to be risky. Yet websites from the venerable...
11/16/11
WASHINGTON (Reuters) - Consumer prices fell in October for the first time in four months, taking pressure off strapped households and giving the Federal Reserve more room to ease monetary policy if...
11/16/11
NEW YORK (Reuters) - Applications for U.S. home mortgages dropped last week, erasing the gains of the week before as demand for refinancing evaporated, an industry group said on Wednesday.
11/15/11
LONDON (Reuters) - The euro zone's growing debt crisis has pushed investors into focused decisions on allocating money since the summer months, boosting select sectors and punishing others in...
11/15/11
(Reuters) - Morningstar Inc assigned the Davis Selected Advisers' Clipper Fund a gold rating on Tuesday, making it the only one-star fund to receive the top accolade under its new system.
11/15/11
WASHINGTON (Reuters) - When Mariya Kruseck broke her tailbone snowboarding and lost her part-time job five years ago, the then 19-year-old college student was relieved she had bought payment...
11/15/11
The students in professor Joseph Rinaldi's class are usually busy studying bond yield spreads and interest rate changes.
11/15/11
BOSTON (Reuters) - For hedge fund manager John Paulson, Bank of America's stock has been an albatross, causing him the biggest losses of his career, but he bought even more of the lender in the third...
11/15/11
(Reuters) - Where there's muck, there's money, the old expression goes.
11/15/11
(Reuters) - In March 2010, Elliott Vanskike and his wife bought a 2,000 square-foot home in Madison, Wisconsin for $375,000, pondering the quality of life for their kids as well as the quirks that...
11/15/11
WASHINGTON (Reuters) - Retail sales rose broadly in October, suggesting the economy started the fourth quarter with some vigor, and the first drop in wholesale prices in four months pointed to...
11/15/11
SHANGHAI (Reuters) - Some U.S. institutions, including the main auditor watchdog, have politicized accounting issues involving U.S.-listed Chinese firms, a senior Shanghai stock exchange official...
11/14/11
(Reuters) - Jere Downs, 46, who lives in suburban Louisville, Kentucky, scheduled her annual termite inspection on a day off from work. Then the inspector didn't show during the four-hour window....
11/14/11
(Reuters) - Warren Buffett, often mentioned as a potential savior for troubled European banks, said on Monday that he has no interest at the moment in investing in the sector, and that there is what...
11/11/11
NEW YORK (Reuters) - Almost two weeks after the bankruptcy of commodities firm MF Global, customers at rival firms are all asking the same question: How safe is my money?
11/11/11
(Reuters) - Retailers have grappled with rising commodity costs, thinning margins and jittery consumer confidence all year. Now they're set for the ultimate test: The make-or-break holiday shopping...
11/11/11
(Reuters)- To respond more quickly to increasingly volatile markets, a growing number of financial advisers at large broker-dealers have taken over the management of their clients' accounts.
11/11/11
(Reuters) - The financial troubles of Europe and the U.S. have become fiscal soap operas on a grand scale. If you're an individual investor, where can you escape the endlessly singing fat lady?
11/11/11
NEW YORK (Reuters) - U.S. consumer sentiment rose to its highest level in five months in early November as Americans felt better about the economic outlook, a survey released on Friday showed.
11/11/11
(Reuters) - The 2001 collapse of Enron may look like small potatoes by post-2008 standards of corporate malfeasance and disaster. But it was pretty ugly at the time -- and nothing was more painful to...
11/10/11
BIRMINGHAM, Alabama (Reuters) - From corrupt and incompetent local officials to Wall Street's credit crisis and toxic bonds, there was plenty of blame to go around on Thursday, a day after Alabama's...
11/10/11
BIRMINGHAM, Alabama (Reuters) - From corrupt and incompetent local officials to Wall Street's credit crisis and toxic bonds, there was plenty of blame to go around on Thursday, after Alabama's...
11/10/11
(Reuters)- Harvard Business School should send a thank-you note to Netflix, for providing so much material for a future course on corporate blunders.
11/10/11
(Reuters) - After 13 years together, Maggy Porter and Arlene Bronfman began to talk last June about marriage when New York State passed its Marriage Equality Act.
11/10/11
NEW YORK/WASHINGTON (Reuters) - The trustee liquidating bankrupt broker MF Global on Thursday deflected intensifying pressure to disperse billions of dollars of customer cash frozen in commodity...
11/10/11
ZURICH (Reuters) - Employers burned by the cost of laying off workers in the last crisis are uneasy about taking on permanent staff amid faltering economic growth putting pressure on the current...
11/10/11
LONDON (Reuters) - Cash-rich pension funds clamoring for bigger returns are cutting deals to buy infrastructure loans from banks who fear they might never be able to refinance the vast bulk of cheap...
11/10/11
WASHINGTON (Reuters) - New U.S. claims for unemployment benefits fell last week to their lowest since early April and the trade deficit unexpectedly shrank in September, pointing to a slight...
11/09/11
(Reuters) - Amid a burst housing bubble, worldwide jitters over government debt and the high-profile recklessness of some financial movers and shakers, markets in the U.S. and abroad have taken a...
11/09/11
NEW YORK (Reuters) - For those who have been hiding assets overseas from U.S. tax authorities, knowingly or not, the news that Credit Suisse will turn over names and account details of certain U.S....
11/09/11
WASHINGTON (Reuters) - Last week, for the second year in a row, I decided to pass on my employer's generous health insurance plan and buy my own privately.
11/09/11
NEW YORK (Reuters) - J.P. Morgan Asset Management is proposing that 401(k) plans trim the number of investment options they offer employees in favor of a more simplified model.
11/09/11
(Reuters) - Chief marketing officers at U.S. retailers are cautious heading into the holiday season, though those at larger chains are a bit more optimistic about their prospects, according to a...
11/09/11
SINGAPORE (Reuters) - The Volcker rule is too long and complicated and financial lobbyists are to blame, said the man who gave his name to the new regulation on bank trading.
11/09/11
NEW YORK (Reuters) - Applications for U.S. home mortgages surged last week, driven by increased refinancing demand as interest rates dropped, an industry group said on Wednesday.
11/08/11
NEW YORK (Reuters) - The blow up of now bankrupt-MF Global proves that vetting a financial firm isn't ever simple. Companies use accounting tricks and other machinations to hide problems until the...
11/08/11
NEW YORK (Reuters) - Even though they are first in line to be paid back under broker liquidation rules, customers of bankrupt MF Global Holdings Ltd's brokerage may not get all their money back.
11/08/11
NEW YORK (Reuters) - The blow up of now bankrupt-MF Global proves that vetting a financial firm isn't ever simple. Companies use accounting tricks and other machinations to hide problems until the...
11/08/11
NEW YORK (Reuters) - Even though they are first in line to be paid back under broker liquidation rules, customers of bankrupt MF Global Holdings Ltd's brokerage may not get all their money back.
11/08/11
WASHINGTON (Reuters) - Credit card issuers are bumping up their rewards for the holiday shopping season as they seek to lure consumers away from debit cards and competitors. For shoppers with decent...
11/08/11
(Reuters) - Wouldn't it be nice to earn competitive returns without getting slammed by the stock market?
11/08/11
While these prepackaged, risk-reducing portfolios make a lot of sense for retirement saving, you don't know if the funds within them are good choices unless you open them up and peel them apart.
11/08/11
(Reuters) - The average Wall Street bonus will decline by 20 percent to 30 percent this year, according to a closely watched compensation report, as banks cut costs and lay off workers in a weak...
11/07/11
(Reuters) - The sudden collapse of MF Global Holdings Ltd is leaving some small and independent futures traders angry and frustrated.
11/07/11
(Reuters) - The sudden collapse of MF Global Holdings Ltd is leaving some small and independent futures traders angry and frustrated.
11/07/11
NEW YORK (Reuters) - While visiting a friend's family, Deborah Hicks Bailey and her husband Coley fell in love with San Felipe, a small Mexican fishing village on the north coast of the Yucatan...
11/07/11
(Reuters) - When the Dow Jones Industrial Average falls, rises, and falls again by triple digits, and when August's outflow of nearly $40 billion from equity mutual funds was the largest since...
11/07/11
NEW YORK (Reuters) - Wall Street must raise its appeal to the next generation of investors and female professionals to remain competitive in the wealth management industry, the former head of Bank of...
11/07/11
WASHINGTON (Reuters) - The number of Americans living in poverty reached a record 49.1 million in 2010, according to a new broader measure of poverty released by the U.S. Census Bureau on Monday.
11/07/11
NEW YORK (Reuters) - The online coupon company Groupon raised $700 million after increasing the size of its offering, which priced at $20 per share, above an initial range. The company was valued at...
11/07/11
LONDON (Reuters) - Administrators to failed brokerage MF Global's UK unit said on Monday they were reconciling cash positions of the firm before paying out money to anyone with a claim on the firm.
11/07/11
TORONTO (Reuters) - Tired of overspending? Confused about where all the money is going? A new iPad app aims to help users manage their finances.
11/04/11
NEW YORK (Reuters) - Tens of thousands of Americans are closing bank accounts and moving their money to credit unions in a Facebook campaign that has gathered momentum from anti-Wall Street protests,...
11/04/11
(Reuters) - Sure, Bank of America -- under much public pressure -- dropped its plan to charge customers $5 a month for the privilege of using their debit cards. Does that mean consumers have won the...
11/04/11
HONG KONG (Reuters) - Think a U.S. IRS tax audit is stressful at home? Try doing it from halfway round the world.
11/04/11
Yet despite all of the growling in Europe, there are still reasons why you should invest in U.S. stocks.
11/04/11
CHICAGO/NEW YORK (Reuters) - Rival commodity brokers raced to bring on board thousands of MF Global customers on Friday, facing a tight deadline to see that trading positions and collateral frozen...
11/04/11
(Reuters) - The big banks may have dropped the debit card fees, but the credit unions are the ones picking up the business.
11/03/11
WASHINGTON (Reuters) - High school seniors who are stressing about college applications face an added burden this year: Not only are they buried in essays and transcripts, they are more worried about...
11/03/11
NEW YORK (Reuters) - I need a shower. Not just any shower, but a Silkwood-style decontamination, with high-pressure hoses and military-grade cleaning agents.
11/03/11
MIAMI (Reuters) - Like many middle-class American baby boomers, Linda Carmona-Sanchez is anxious about slipping into poverty and says whatever dreams she once had about retirement in her "golden...
11/03/11
Washington (Reuters) - College students who graduated in the spring of 2010 launched into the worst job market in recent history with bigger student loan debts than ever before, an advocacy...
11/03/11
WASHINGTON (Reuters) - New U.S. claims for unemployment benefits fell below 400,000 last week for the first time in five weeks, suggesting a modest improvement in the still-moribund labor market.
11/02/11
(Reuters) - Thirty large and profitable U.S. corporations paid no income taxes in 2008 through 2010, said a study on Thursday that arrives as Congress faces rising demands for tax reform, but seems...
11/02/11
By Sarah N. Lynch, Christopher Doering and Jonathan Spicer
11/02/11
CHICAGO/NEW YORK (Reuters) - Joe Ocrant, a veteran livestock trader, is livid.
11/02/11
(Reuters) - When Brian Castelli rebuilt his house in the Virginia suburbs of Washington, DC two years ago, it turned out to be twice the size of the one that used to sit on the same lot. That might...
11/02/11
THE ISSUE: The price relationship between gold and platinum reflects continued economic worries, but the historically wide spread of the two metals could signal trading opportunities.
11/02/11
WASHINGTON (Reuters) - The Madoffs are back in the news -- this time flogging books instead of scam investments.
11/02/11
WASHINGTON (Reuters) - U.S. regulators started raising concerns about now-bankrupt MF Global's European sovereign debt exposure as early as June, according to a source familiar with the matter.
11/02/11
SAN FRANCISCO (Reuters) - U.S. banks have not done enough to ensure they are well capitalized, and getting back to a system where retail and investment banking are separated would be attractive in...
11/02/11
NEW YORK (Reuters) - U.S. private-sector employers added 110,000 jobs in October, beating economists' expectations, a report by a payrolls processor showed on Wednesday.
11/01/11
The author is a Reuters contributor. The opinions expressed are her own.
11/01/11
(Reuters)-- A few years ago, wealth adviser Chris Walters found himself in an impossible situation. After a client died, he had to divide the estate between two ex-wives, one widow and four children,...
11/01/11
The author is a Reuters contributor. The opinions expressed are his own.
11/01/11
(REUTERS) - Do you have zombie index funds within your portfolio?
11/01/11
(Reuters) - Bank of America Corp is dropping plans to charge a $5 monthly fee for debit card use, the bank said in a statement on Tuesday.
11/01/11
(Reuters) - Large banks on Tuesday began contacting borrowers who could receive financial compensation for problems that occurred during a home foreclosure, but getting a payment will likely take...
11/01/11
NEW YORK (Reuters) - The pace of growth in the U.S. manufacturing sector unexpectedly slowed in October, in line with trends in China, Britain and Canada in data reported on Tuesday.
10/31/11
WASHINGTON (Reuters) - More than a couple of million homes remained without power on Monday after a record-breaking Halloween weekend snowstorm ripped through the Northeast. That's not just annoying...
10/31/11
The author is a Reuters contributor. The opinions expressed are her own.
10/31/11
LONDON (Reuters) - Investors were so concerned that euro zone leaders would not reach agreement on solving the debt crisis in October that they cut equity holdings to the second lowest level in 12...
10/31/11
The author is a Reuters contributor. The opinions expressed are his own.
10/31/11
(Reuters) - Like a lot of companies, Veridian Credit Union wants its employees to be healthier. In January, the Waterloo, Iowa-company rolled out a wellness program and voluntary screenings.
10/30/11
SAN FRANCISCO (Reuters) - Venture capitalist Bill Gurley has noticed something new this autumn: a big jump in the number of what he calls "legitimate introductions" that he receives each day to...
10/29/11
NEW YORK (Reuters) - With the S&P 500 about to end its best month in almost 40 years, many would be happy to cash in gains and start packing for the ski slopes.
10/28/11
NEW YORK (Reuters) - With the S&P 500 about to end its best month in almost 40 years, many would be happy to cash in gains and start packing for the ski slopes.
10/28/11
(Reuters) - Open enrollment for benefits ends today at the University of Illinois at Chicago, and Jason Rothstein, 40, has just finished all the needed paperwork. Once again, his health insurance...
10/28/11
(Reuters) - A controversial weapon could be deployed soon in the U.S. fight against the housing crisis as states and top banks near a deal in their dispute over mortgage abuses -- cutting the...
10/28/11
(Reuters) - As if on cue for an Occupy Wall Street commercial, the latest Congressional Budget Office report highlighted the large crevasse between the upper 1 percent of U.S. households and the rest...
10/28/11
WASHINGTON (Reuters) - Sluggish growth in U.S. consumer income in September led households to cut back on saving to increase their spending, casting doubts over the durability of the economy's...
10/28/11
(Reuters) - While the Occupy Wall Street protests have been a thorn in the side to much of the financial services industry, independent advisers are using the backlash to tout their services.
10/27/11
CHICAGO/NEW YORK (Reuters) - Some customers are moving money away from struggling futures brokerage MF Global Holdings Ltd, according to hedge funds, rivals, and analysts, though the extent of the...
10/27/11
CHICAGO/NEW YORK (Reuters) - Some customers are moving money away from struggling futures brokerage MF Global Holdings Ltd, according to hedge funds, rivals, and analysts, though the extent of the...
10/27/11
THE ISSUE: Equities are one market held hostage by headlines about the euro zone sovereign debt crisis. But in volatility, there is also opportunity.
10/27/11
NEW YORK (Reuters) - Stocks surged 3 percent in a broad rally on Thursday as a long-awaited agreement by European leaders to boost the region's bailout fund promised to remove a major headwind for...
10/27/11
(Reuters) - Morningstar assigned top ratings to six of the nation's best college savings plans, while downgrading Maine's $5.3 billion 529 plan, which is run by Merrill Lynch, Morningstar said on...
10/27/11
WASHINGTON (Reuters) - The economy grew at its fastest pace in a year in the third quarter as consumers and businesses stepped up spending, creating momentum that could carry into the final three...
10/27/11
(Reuters) - The cost of college in the United States rose sharply for the 2011-2012 school year, continuing a multiyear pattern in which public school increases outpaced private school hikes and both...
10/27/11
WASHINGTON (Reuters) - The typical reverse mortgage borrower isn't who you think she is. Instead of the elderly woman you may be picturing, think of a married couple who is a bit younger.
10/26/11
WASHINGTON (Reuters) - Risks are rising that a moribund job market and potentially steep drop in inflation could push the United States into a downward spiral of falling wages and prices.
10/26/11
WASHINGTON (Reuters) - The typical reverse mortgage borrower isn't who you think she is. Instead of the elderly woman you may be picturing, think of a married couple who is a bit younger.
10/26/11
NEW YORK (Reuters) - Millions of Americans have assumed a new role: They've become the Bank of Sons and Daughters, providing financial assistance to their aging parents even while they struggle to...
10/26/11
WASHINGTON (Reuters) - The Volcker rule has created a new battlefield over Wall Street pay that banks fear will send their star traders and hedge fund advisers fleeing.
10/26/11
WASHINGTON (Reuters) - President Barack Obama's new student loan relief plan may be less than meets the eye: It will not do anything to alleviate the pain for the millions of borrowers who have...
10/26/11
WASHINGTON (Reuters) - Incomes for the wealthiest 1 percent of Americans nearly tripled from 1979 to 2007, far outpacing income growth for all other groups, said a new report that underscored sharply...
10/26/11
NEW YORK (Reuters) - Applications for home mortgages rose last week, recouping some of the steep decline a week before as demand for both purchases and refinancing perked up, an industry group said...
10/25/11
THE ISSUE: Despite the recent equity market rally, many mutual funds have failed to beat their benchmarks, leaving investors to wonder which funds still offer opportunity. Here are three strategies.
10/25/11
WASHINGTON (Reuters) - Like just about every other workplace benefit, disability insurance is becoming something workers have to manage and pay for, at least partially, themselves.
10/25/11
LONDON (Reuters) - Investor confidence rose in October but remained at levels indicating overall risk aversion, State Street said on Tuesday.
10/25/11
NEW YORK (Reuters) - Consumer confidence unexpectedly dropped to its lowest level in two-and-a-half years in October as consumers fretted about job and income prospects.
10/25/11
NEW YORK (Reuters) - Single-family home prices were unchanged in August, pointing to a market that continued to stabilize but has yet to gain traction, a closely watched survey said on Tuesday.
10/25/11
LAS VEGAS (Reuters) - The slot machines jangle away with the promise of sudden riches, but many visitors to a job fair at a second-tier casino here are hoping merely for a minimum-wage job to snap...
10/24/11
(Reuters) - Regulation announced by the Department of Labor on Monday will allow investment advisers to retirement plans now receive fees from third parties, such as mutual funds, a change that may...
10/24/11
TEL AVIV (Reuters) - Israeli technology companies, once the darlings of New York's Nasdaq, have turned their backs on the exchange and are looking for suitors to acquire them.
10/24/11
WASHINGTON (Reuters) - A leading housing regulator on Monday announced changes to a government refinancing program that could help up to one million homeowners whose homes are worth less than their...
10/24/11
(Reuters) - The China hard-landing debate is a classic tail risk story -- an unlikely scenario, but if it materializes the consequences could be catastrophic.
10/24/11
NEW YORK (Reuters) - The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of...
10/23/11
NEW YORK (Reuters) - The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of...
10/23/11
(Reuters) - Former Federal Reserve Chairman Paul Volcker is advocating for regulatory control over the money-market mutual fund industry and believes the government should stop financing mortgages.
10/23/11
NEW YORK (Reuters) - Prospects for corporate earnings are dimmer in the coming quarters -- even though reports so far this quarter have been relatively bright.
10/22/11
VIRGINIA BEACH, Virginia (Reuters) - Households' caution about taking on debt and spending will stand them in good stead when the economic recovery becomes more robust, a top Federal Reserve official...
10/21/11
NEW YORK (Reuters) - Prospects for corporate earnings are dimmer in the coming quarters -- even though reports so far this quarter have been relatively bright.
10/21/11
NEW YORK (Reuters) - The EU summit is on. No, wait, it's off. No, hold on, the summit is on, and what's more, now there are two of them.
10/21/11
NEW YORK (Reuters) - Bank stocks are fraught with peril, but investors are putting heavier bets on the sector than any other due to potential profits.
10/21/11
(Reuters) - Wal-Mart Stores Inc will no longer offer health insurance to new part-time employees who work fewer than 24 hours a week and will charge workers who use tobacco more for coverage as...
10/21/11
NEW YORK (Reuters) - When Chicago attorney Martin McKenzie flies, whether for business or with his family, he wants more than anything to avoid long lines. His aim is always to get through check-in...
10/20/11
ISSUE: While third-quarter earnings reports present a mixed picture for financial services companies, big declines in bank stocks offer tempting bargains for investors.
10/20/11
LONDON (Reuters) - The sheer complexity of Sunday's critical European Union summit is warning many investors against the durability of knee jerk market reactions and, bewildered by countless "make or...
10/20/11
WASHINGTON (Reuters) - New claims for unemployment benefits fell last week, according to a government report on Thursday that showed layoffs in recent weeks had dropped to levels last seen in April.
10/20/11
WASHINGTON (Reuters) - Uncertainty is rampant in financial markets and businesses, and for the first time economists can measure how big a bite it takes out of growth.
10/19/11
WASHINGTON/NEW YORK (Reuters) - BlackRock, the world's largest money manager, called for regulators to flag riskier exchange-traded funds, a move being met with fierce opposition by rivals who...
10/19/11
WASHINGTON (Reuters) - The Securities and Exchange Commission launched a broad, agency-wide review of exchange traded funds on Wednesday, and individual investors may be wondering if they should be...
10/19/11
WASHINGTON (Reuters) - The longer you work, the better, retirement experts will tell you. Plow on until you're 70 and you'll make more, have fewer years of retirement to fund, and collect a fatter...
10/19/11
WASHINGTON (Reuters) - The Securities and Exchange Commission has launched a broad, agency-wide review of exchange-traded funds to ensure they are adequately transparent and not fueling market...
10/19/11
WASHINGTON (Reuters) - Consumer prices outside food and energy rose at their slowest pace in six months in September as the cost of apparel and used vehicles fell, suggesting inflation pressures...
10/19/11
ZURICH (Reuters) - Global wealth could rise 50 percent to $345 trillion over the next five years, spurred by a near doubling of total household wealth in China and strong growth in Asia Pacific,...
10/19/11
LONDON (Reuters) - If there's nothing to fear but fear itself, as President Franklin Roosevelt contended during the Great Depression, then the world economy in 2011 has reached an interesting...
10/18/11
(Reuters) - U.S. exchange-traded funds may claim to be transparent. But critics say some investors are not being fully credited with gains from a side business ETF providers engage in and neither are...
10/18/11
ISSUE: The $21 billion Kinder Morgan acquisition of El Paso suggests value in the pipeline sector.
10/18/11
BOSTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Tuesday central banks may need to use monetary policy to combat asset bubbles, although regulation should be a first line of defense.
10/18/11
NEW YORK (Reuters) - Investors finally started to feel better about the stock market, just in time for earnings reports to roil expectations again.
10/18/11
BALTIMORE (Reuters) - U.S. securities regulators are taking their first stab at reviewing "plain-English" disclosure brochures that most investment advisers developed earlier this year to comply with...
10/18/11
NEW YORK (Reuters) - Homebuilder sentiment perked up in October to its highest level in a year and a half, though ongoing challenges still kept confidence historically low, the National Association...
10/18/11
WASHINGTON (Reuters) - The wireless industry is rolling out more consumer-friendly billing practices, fending off a plan by communications regulators to impose new rules against unexpected charges.
10/18/11
DETROIT (Reuters) - Fissures at the Federal Reserve over the correct course of future monetary policy were on display Monday, with one top policymaker calling for further easing even as another...
10/18/11
(Reuters) - Fallen stock indexes are expected weigh on the third-quarter earnings of big asset managers, showing how market turmoil can affect a broad swath of financial companies.
10/17/11
NEW YORK (REUTERS) -In "Moneyball," the Oakland A's general manager Billy Beane puts together a baseball team on a budget by relying on computer-generated analysis to draft his players.
10/17/11
(Reuters) - Grain prices are near their lowest in a year and global stockpiles are on the rise -- so meat, dairy and pasta prices are poised for a fall, right?
10/17/11
(Reuters) - Alternative finance firms, from credit unions to online and pawn lenders, are gaining traction as banks turn off the tap for easy cash and start charging fees for services that customers...
10/17/11
NEW YORK (Reuters) - General Electric Co Chief Executive Jeff Immelt said that restoring confidence in the U.S. economy is critical to sparking growth and easing rising tensions about economic...
10/17/11
WASHINGTON (Reuters) - Consumers and businesses pulled the sickly economy back from the brink of recession in the third quarter but don't pop the champagne just yet.
10/16/11
WASHINGTON (Reuters) - An improvement in manufacturing, employment and retail sales data in the United States, and mounting signs that Europe will agree on a rescue plan large enough to contain the...
10/14/11
NEW YORK (Reuters) - More than two years after selling control of brokerage giant Smith Barney, Citigroup Inc this week abandoned its strategy of referring clients to independent investment advisers.
10/14/11
BOSTON (Reuters) - "Forget about where you've been. Tell us where you're going."
10/13/11
SHANGHAI (Reuters) - Increasing complexity and opaqueness of exchange traded funds are hurting the ETF market and an industry-wide reform is needed to maintain growth, a BlackRock Inc executive said.
10/13/11
NEW YORK (Reuters) - Deteriorating conditions in the pension system are jeopardizing the lump sum payouts workers count on, and pushing some workers to retire ahead of schedule.
10/13/11
BOSTON (Reuters) - From Capitol Hill and Wall Street to small towns across the United States, discussions of the economy have focused on one key question for the past two years: When will corporate...
10/13/11
(Reuters) - Wells Fargo & Co plans to cut costs by moving its workers into insurance plans that encourage them to spend less on healthcare.
10/13/11
WASHINGTON (Reuters) - New claims for unemployment benefits edged down last week, according to a government report on Thursday that pointed to a modest improvement in the labor market at the start of...
10/12/11
WASHINGTON (Reuters) - Wednesday's bankruptcy filing by Harrisburg, Pennsylvania, may create some turmoil for those focused on the city's budget, but individual investors with money in munis don't...
10/12/11
(Reuters) - They might not be among the jobless protesting against Wall Street, but the rich are angry, too. Furious over U.S. government gridlock, the wealthy have their own form of protest:...
10/12/11
(Reuters) - Warren Buffett paid $6.9 million in federal income taxes in 2010, the billionaire investor said in a letter to a Kansas congressman that adds fuel to the debate over his proposal for...
10/12/11
On 18 different trading days in September the Dow Jones industrial average swung by at least 200 points. In one week, it moved more than 400 points a day for four days straight. One day last week, on...
10/12/11
CHICAGO (Reuters) - Chicago would squeeze money out of employees, residents, visitors, commuters, nonprofit organizations and others to tackle a $635.7 million deficit under a nearly $3.1 billion...
10/12/11
WASHINGTON (Reuters) - The number of jobs waiting to be filled fell in August, underscoring the pain in the labor market where millions of unemployed workers have been shut out of the economic...
10/12/11
The author is a Reuters contributor. The opinions expressed are his own.
10/12/11
WASHINGTON (Reuters) - Tax preparers are chewing their pencils as the Internal Revenue Service gets ready to impose the first comprehensive program of fees and rules on the industry's 730,000...
10/11/11
(Reuters) - U.S. regulators are not likely to adopt a high-profile plan to protect money market mutual funds with an emergency liquidity facility, top fund company executives said.
10/11/11
The author is a Reuters contributor. The opinions expressed are his own.
10/11/11
(Reuters) - Clients of some big Wall Street firms have probably missed out on sharp increases in stocks over the last few days. Firms that were cautiously optimistic or bullish through the summer...
10/11/11
BOSTON/NEW YORK (Reuters) - John Paulson could face a two-pronged problem in the coming weeks as outside investors and possibly even some of his own employees walk in the wake of the hedge fund...
10/11/11
ALBANY, New York (Reuters) - Wall Street's future looks dimmer in 2011 because of the European sovereign debt crisis, a poor U.S. economy, unstable stock prices and regulatory changes, according to a...
10/11/11
NEW YORK (Reuters) - Merrill Lynch is trying to take the lucrative retirement plan market by the horns.
10/11/11
FRANKFURT/BRATISLAVA (Reuters) - Europe's top financial watchdog warned on Tuesday that the euro zone's sovereign debt crisis has become systemic and threatens global economic stability unless...
10/11/11
(Reuters) - Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among...
10/11/11
BEIJING (Reuters) - China's state-run news agency scorned on Tuesday U.S. legislation aiming to press it to raise the value of its yuan currency as dangerous pandering to protectionism, likening it...
10/10/11
BOSTON/NEW YORK (Reuters) - Hedge fund manager John Paulson, long lionized for his successful bets on the collapse of the subprime mortgage market and the surge in gold prices, is now facing the...
10/10/11
NEW YORK (Reuters) - The stock market is riding a wave of renewed optimism and investors looking for a reason other than Europe to keep buying may find it in earnings.
10/10/11
WASHINGTON (Reuters) - No wonder many Americans feel as if the economy never recovered at all.
10/10/11
THE ISSUE: News of an improving U.S. labor market eased fears of recession and lifted global equity markets. But how should investors react to Friday's numbers with many hurdles ahead for the U.S....
10/09/11
(Reuters) - Elevated audit fees can be a red flag of problems to come for a company, say three recent academic studies that together warn about increased chances of fraud, stock price declines or...
10/09/11
NEW YORK (Reuters) - Investors tiring of the euro zone's debt crisis dragging the market all over the place are hoping to focus on something else this week -- earnings.
10/08/11
(Reuters) - The business jet industry is expecting 2012 to mark its first year of growth in deliveries since the financial downturn, but more pain could still be ahead for the low end of the segment...
10/07/11
NEW YORK (Reuters) - Investors tiring of the euro zone's debt crisis dragging the market all over the place are hoping to focus on something else next week -- earnings.
10/07/11
(Reuters) - Smoking outside a Bank of America branch in Chicago, restaurant worker Mike Dysangco complained about the "totally ridiculous" new banking fees.
10/07/11
BOSTON (Reuters) - For hedge funds, September was even worse than August.
10/07/11
WASHINGTON (Reuters) - Employers hired more workers than expected in September and job gains for the prior months were revised higher, according to a report on Friday that eased fears the economy was...
10/07/11
LONDON (Reuters) - The United States has 10 times more affluent households than China or India, research shows, undermining arguments the global economy can be sustained by consumption in emerging...
10/06/11
WASHINGTON (Reuters) - The government could unveil a plan in a few weeks to help up to one million struggling borrowers refinance their mortgages at lower rates.
10/06/11
ISSUE: The stock market dropped briefly into bear market territory on Monday. What does an investor do while the market flirts with a big drop?
10/06/11
WASHINGTON (Reuters) - New claims for unemployment benefits rose modestly last week but hovered near levels normally associated with improving labor market conditions, a hopeful sign for the...
10/06/11
WASHINGTON (Reuters) - Failure to extend a payroll tax holiday into 2012 could trigger another recession, noted U.S. economist Mark Zandi said on Thursday, as Democrats called the extension a top...
10/06/11
WASHINGTON (Reuters) - At the request of the White House, Senate Democrats have pushed back the effective date of their proposed tax increase on millionaires until after next year's elections, a...
10/06/11
LONDON (Reuters) - Private banks are telling their clients financial volatility surrounding Europe's debt crisis will continue for at least a year as more of the continent's rich seek the comfort of...
10/06/11
COLUMBUS, Ohio (Reuters) - American family lore holds that the middle child is often the least appreciated -- not as cute as the baby and constantly struggling to catch up with the accomplishments of...
10/05/11
GENEVA (Reuters) - More and more multi-millionaires are opting to give away some of their money while financial markets are so risky, according to bankers to the very rich at the Reuters Wealth...
10/05/11
WASHINGTON (Reuters) -- If tax season is that time in the spring when you do the math and pay your dues, this is anti-tax season -- the three months at the end of the year when you can do something...
10/05/11
NEW YORK (Reuters) - U.S. private-sector employers added more jobs than expected in September, but another report Wednesday showed a jump in planned layoffs in the month.
10/05/11
(Reuters) Stock index futures pointed to a weaker open on Wall Street on Wednesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down by between 0.3 and 0.4 percent.
10/04/11
THE ISSUE: With air traffic falling globally in recent months, all it took was whispers of a possible AMR bankruptcy filing to put the sector into a tailspin. What route should can you take with...
10/04/11
NEW YORK (Reuters) - If you're an investor who owns a single share in a mutual fund, here's a nasty little shocker: You might have more money on the line than your own fund manager.
10/04/11
NEW YORK (Reuters) - While workers can't do much when a stock market sell-off hits their 401(k) balances, they can speak up about poor investment choices and unreasonable plan fees. Now, more are...
10/04/11
(Reuters) - September was another cruel month for large U.S. pension plans, as stock losses and lower interest rates caused the shortfall between their assets and liabilities to balloon to the...
10/04/11
WASHINGTON (Reuters) - Less than a quarter of wealthy Americans support raising taxes on households making $250,000 or more a year, the level being targeted by President Barack Obama, though tax...
10/04/11
NEW YORK (Reuters) - Hedge funds posted their worst returns in three years in the third quarter, and the fourth quarter appears to be off to an equally rocky start.
10/04/11
NEW YORK (Reuters) - Stocks cut steep losses on Tuesday as investors covered short positions after Federal Reserve Chairman Ben Bernanke said he was prepared to take more steps to help the fragile...
10/04/11
WASHINGTON (Reuters) - The Federal Reserve is prepared to take further steps to help a fragile economic recovery held back by a weak job market and financial stresses in Europe, Fed Chairman Ben...
10/04/11
WASHINGTON (Reuters) - The U.S. economy still is suffering from a "shocking" drop in homeowners' equity and reforms are needed in how mortgage loans are originated and handled, Federal Reserve...
10/04/11
(Reuters) - An emerging market selloff has reached a tipping point.
10/04/11
SINGAPORE (Reuters) - Investors should shun all risky assets and hold cash until early November when the Group of 20 leading economies (G20) meets to find a solution for the eurozone debt crisis, a...
10/04/11
GOMA, Democratic Republic of Congo (Reuters) - A battered pickup truck pulling up to Huaying Trading's back street office in Goma is about all that remains of Congo's once-bustling resources business...
10/03/11
WASHINGTON (Reuters) - Taxes are shaping up to be a defining issue in next year's elections, when Americans will effectively cast their vote on how much government they want in their lives.
10/03/11
By Kevin Lim SINGAPORE (Reuters) - Wealthy individuals should buy gold as the yellow metal has become an attractive investment following last month's sharp reversal, private bankers in Asia said on...
10/03/11
(Reuters) - Starbucks Corp CEO Howard Schultz, decrying a lack of leadership in Washington, said his coffee store chain is helping launch a nationwide fund designed to stimulate U.S. job creation.
10/03/11
NEW YORK (Reuters) - Broker-dealers are taking very different approaches to a new rule that requires them to scrutinize customers' credit positions and block reckless orders before trades are...
10/03/11
NEW YORK (Reuters)- Stuck on a problem at work? The best way to solve it could be to get moving and take a walk.
10/02/11
NEW YORK (Reuters) - More than three years after the financial crisis struck, the economy remains stuck in a consumer debt trap. It's a situation that could take years to correct itself. That's why...
10/02/11
NEW YORK (Reuters) - More than three years after the financial crisis struck, the economy remains stuck in a consumer debt trap.
10/02/11
PARIS (Reuters) - French luxury goods maker Hermes sees no sign yet of affluent buyers tightening their purse strings in spite of a somber global economic outlook, the head of the brand said on...
10/02/11
NEW YORK (Reuters) - Investors are worried U.S. earnings growth may finally fall back to earth as turmoil in Europe and signs of a less robust Chinese economy hurt foreign support.
09/30/11
NEW YORK (Reuters) - Investors are worried U.S. earnings growth may finally fall back to earth as turmoil in Europe and signs of a less robust Chinese economy hurt foreign support.
09/30/11
THE ISSUE: The new TV season and watershed events such as the Olympics and the 2012 elections are likely to attract big advertising dollars, focusing investor attention on media and entertainment....
09/30/11
LONDON (Reuters) - After a torrid quarter for stocks, investors look to the year's final three months -- traditionally the best period for equities -- to repair portfolios and find ways to deliver...
09/30/11
NEW YORK (Reuters) - Banks keen to grow revenue want their brokerage arms to pitch more loans and credit cards to clients, a plan resented by financial advisers.
09/30/11
WASHINGTON (Reuters) - Incomes fell for the first time in nearly two years in August and consumers dug into their savings to keep spending, according to a government report that showed the impact of...
09/30/11
LONDON/NEW YORK (Reuters) - When Irish rockers U2 took to the main stage at this year's Glastonbury music festival, a small but vocal group of activists raised a large balloon emblazoned with the...
09/29/11
(Reuters) - Bank of America Corp plans to charge customers who use their debit cards to make purchases a $5 monthly fee beginning early next year, joining other banks scrambling for new sources of...
09/29/11
LONDON (Reuters) - World stock markets will recover next year from a nightmarish 2011 that has wiped trillions of dollars off share prices, according to a Reuters poll that showed almost all major...
09/29/11
(Reuters) - Bank of America Corp plans to introduce a $5 monthly debit card usage fee for many of its account holders beginning early next year, the company said on Thursday.
09/29/11
LONDON (Reuters) - Investors are entering the fourth quarter with a slightly raised exposure to shares and holding high reserves of cash that could quickly be used to fuel a stock rally, Reuters...
09/29/11
WASHINGTON (Reuters) - The U.S. economy grew slightly more than previously reported in the second quarter, helped by consumer spending and export growth that was stronger than earlier estimated,...
09/29/11
WASHINGTON (Reuters) - With billions of dollars in Medicaid spending at risk in Congress, U.S. states are forming a loose confederacy to oppose any federal cuts that could damage state budgets...
09/29/11
THE ISSUE: The S&P Indices/Case Shiller recorded a fourth consecutive month of increases. Existing home sales jumped in the latest report. Low-rate mortgages have boosted affordability measures....
09/28/11
NEW YORK (Reuters) - Here's a crazy idea: Maybe, just maybe, you should be borrowing more money.
09/28/11
WASHINGTON (Reuters) - The big boys like Bank of America and Citibank are having problems with share prices and profitability, and the upstarts are hitting them while they're down.
09/28/11
LONDON (Reuters) - At Christie's auction house in London one evening last July, as art investors bid millions for an 18th-century painting of a horse, the sons and daughters of the capital's...
09/28/11
NEW YORK (Reuters) - Amid the second-largest gold sell-off since 1983, the casual observer could be forgiven for thinking that investors were dumping bullion in droves.
09/28/11
NEW YORK (Reuters) - Applications for U.S. home mortgages rose last week, reflecting a jump in demand for home loan refinancing as mortgage rates dropped, an industry group said on Wednesday.
09/28/11
NEW YORK (Reuters) - Stock index futures pointed to a mixed open on Wall Street on Wednesday, with futures for the S&P 500 down 0.21 percent, Dow Jones futures up 0.47 percent and Nasdaq 100...
09/27/11
THE ISSUE: Warren Buffett launched a share buyback program at Berkshire Hathaway Inc for the first time in 40 years that poses the question of how best to deploy the cash a profitable company...
09/27/11
NEW YORK (Reuters) - Europe's never-ending debt saga has investors girding for volatile, unsteady currency markets for years to come.
09/27/11
NEW YORK (Reuters) - Investors slashed their bearish bets on U.S. Treasuries after the Federal Reserve unveiled another bond-buying program aimed at helping the U.S. economy, and worries persisted...
09/27/11
WASHINGTON (Reuters) - Single-family home prices were unchanged in July on a seasonally adjusted basis as the housing market showed little sign of stabilizing, a closely watched survey said on...
09/27/11
LONDON (Reuters) - Fund firms are mothballing plans to invest in European banks and sovereigns until policymakers accept the chilling fact they may have misjudged the cost of propping up banks...
09/27/11
NEW YORK (Reuters) - U.S. stocks have had a such a miserable quarter that investors might just have to buy a whole load of them this week.
09/27/11
THE ISSUE: Europe appears to be edging closer to defusing a Greek debt crisis and seizing a chance to build a more durable safety net for its laggard countries struggling with repayments. How might...
09/26/11
WASHINGTON (Reuters) - Poverty rates increased in almost all U.S. states and the District of Columbia over the course of the economic recession, with the worst spike in the South, according to a...
09/26/11
WASHINGTON (Reuters) - Two top Federal Reserve officials on Monday defended the central bank's most recent effort to boost growth, with one suggesting further steps may be justified.
09/26/11
LONDON (Reuters) - Gold's toppling from record highs, culminating in Monday's unprecedented $120 price plunge, has investors asking whether a decade-long bull run is over. History would suggest that...
09/26/11
NEW YORK (Reuters) - The U.S. Federal Reserve should decide on any future asset purchases on a meeting-by-meeting basis as they are "a potent tool" that must be used with care, a top Fed official...
09/26/11
WASHINGTON (Reuters) - New single-family home sales in the United States fell in August to a 6-month low but the supply of homes available on the market dropped to a record low.
09/26/11
LONDON (Reuters) - The recent sell-off in gold may not be enough to make some hedge funds with long-term bull positions change their views that the metal is still one of the best bets for profit in a...
09/26/11
LONDON (Reuters) - Gold pared some of Monday's losses by midday in Europe but was still on course for its largest monthly slide in three years, as investors scrambled for cash in the face of mounting...
09/25/11
NEW YORK (Reuters) - Earnings forecasts for U.S. companies are starting to feel the pain on Wall Street and in the broader economy as the odds of another recession rise.
09/24/11
NEW YORK (Reuters) - Earnings forecasts for U.S. companies are starting to feel the pain on Wall Street and in the broader economy as the odds of another recession rise.
09/23/11
LONDON (Reuters) - After the battering that stocks, commodities and many currencies have taken in the past week, there is little wreckage to cling to at the end of a traumatic third quarter.
09/23/11
NEW YORK (Reuters) - Earnings forecasts for U.S. companies are starting to feel the pain on Wall Street and in the broader economy as the odds of another recession rise.
09/23/11
THE ISSUE: Since the beginning of August, the Dow industrial average has had nine days with 300-point-plus losses. In the entire year before it, there were only two. How can investors manage in such...
09/23/11
LONDON (Reuters) - After the battering that stocks, commodities and many currencies have taken in the past week, there is little wreckage to cling to at the end of a traumatic third quarter.
09/23/11
WASHINGTON (Reuters) - The Fed's twist will help, but it won't be enough to turn around the troubled U.S. housing sector.
09/22/11
SINGAPORE (Reuters) - Stock futures climbed more than 1 percent on Friday, indicating a higher open on Wall Street after a brutal selloff overnight driven by fears that the economy was sliding back...
09/22/11
NEW YORK (Reuters) - Major stock indexes fell more than 3 percent on Thursday morning as a grim outlook from the Federal Reserve and downbeat data in Europe and China heightened fears about a global...
09/22/11
WASHINGTON (Reuters) - Americans filed fewer new claims for jobless benefits last week, data showed on Thursday, offering a glimmer of hope for the beleaguered labor market.
09/22/11
LONDON (Reuters) - A grim outlook for the U.S. economy from the Federal Reserve and signs of a slowing in China and Germany sent world stocks tumbling on Thursday and drove investors into safer...
09/21/11
WASHINGTON (Reuters) - The Federal Reserve on Wednesday warned of significant risks to the already weak U.S. economy and launched a new plan to lower long-term borrowing costs and bolster the...
09/21/11
NEW YORK (Reuters) - Long-dated Treasuries soared in price and benchmark 10-year note yields fell to their lowest in over 60 years on Wednesday after the Federal Reserve said it will launch a new...
09/21/11
WASHINGTON (Reuters) - The rising gap between rich and poor in nearly every country, rich or poor, went largely ignored during the decades of globalization-fueled boom.
09/21/11
WASHINGTON (Reuters) - It's a tough time to be a former student. The lousy job market is bad enough, but two in three recent graduates are carrying education loans averaging $24,000. Graduates from...
09/21/11
WASHINGTON (Reuters) - Existing home sales rose more than expected in August to the fastest annual pace since March as falling prices and low interest rates drew more buyers into the market, the...
09/21/11
NEW YORK (Reuters) - Applications for home mortgages edged up slightly last week as a rise in refinancing activity was offset by a lack of demand for purchases, an industry group said on Wednesday.
09/21/11
MONTREAL (Reuters) - After gold's 10-year winning streak shattered all but the most bullish forecasts, it takes a brave man to call for a correction. It takes an even braver man to do so at the...
09/20/11
WASHINGTON (Reuters) - The Federal Reserve opened a two-day meeting on Tuesday that is expected to end with a decision to stock up on longer-term Treasury notes in a bid to boost a fading economic...
09/20/11
THE ISSUE: Hedge fund manager Daniel Loeb is rattling the cages at Yahoo Inc. Inc., calling for big changes at the struggling online media giant to lift its stock price. The number of companies being...
09/20/11
WASHINGTON (Reuters) - Not too long ago, if you mentioned the word "annuity" to investors, their eyes glazed over. But now individual investors, panicked by stock market selloffs that threaten their...
09/20/11
WASHINGTON (Reuters) - The U.S. Federal Reserve opened a two-day meeting on Tuesday that is expected to end with a decision to stock up on longer-term Treasury notes in a bid to boost a fading...
09/20/11
WASHINGTON (Reuters) - Housing starts fell more than expected in August as groundbreaking for both single-family and multi-family units dropped, suggesting the economy will not get help from...
09/20/11
THE ISSUE: Obama's proposed new tax plan threatens some sacred cows for upper income investors by adding a minimum tax on those with more than $1 million in income and putting caps on some tax breaks...
09/20/11
NEW YORK (Reuters) - As Europe's debt crisis deepens, low-yielding U.S. government debt and the much maligned dollar are suddenly glowing more brightly than gold.
09/19/11
NEW YORK (Reuters)-- Maybe President Obama's $1.5 trillion tax hike proposal will pass Congress, and maybe -- as many instant analysts jumped to predict -- it won't.
09/19/11
NEW YORK (Reuters) - Tuesday's two-day Federal Open Market Committee meeting could be a game-changer for the Treasury market, and analysts on Monday offered ways to make the next 48 hours feel safer...
09/19/11
NEW YORK (Reuters) - As the U.S. economy slouches toward another recession and confidence in policymakers erodes, investors are coming to grips with the notion that the country may already be several...
09/17/11
NEW YORK (Reuters) - Wall Street hopes for more Fed action and clear signs European leaders will follow through on their new urgency to tackle the euro zone debt crisis if U.S. stocks are to build on...
09/16/11
NEW YORK (Reuters) - Wall Street hopes for more Fed action and clear signs European leaders will follow through on their new urgency to tackle the euro zone debt crisis if U.S. stocks are to build on...
09/16/11
NEW YORK (Reuters) - Wall Street hopes for more Fed action and clear signs European leaders will follow through on their new urgency to tackle the euro zone debt crisis if U.S. stocks are to build on...
09/16/11
WASHINGTON (Reuters) - The ratio of U.S. household debt to disposable income fell in the second quarter to the lowest level since mid-2004, according to Federal Reserve data released on Friday.
09/16/11
NEW YORK (Reuters) - Consumer sentiment inched up in early September, but Americans remained gloomy about the future with a gauge of expectations falling to the lowest level since 1980, a survey...
09/16/11
NEW YORK (Reuters) - Volatility in equity markets is burning smart-money players, and even experienced traders are finding it hard to keep up.
09/15/11
NEW YORK (Reuters) - Europe must take immediate and decisive action to safeguard its banking system, while the U.S. economy is at stall speed and needs a dose of fiscal stimulus, top bankers and...
09/15/11
WASHINGTON (Reuters) - The regulator of Fannie Mae and Freddie Mac is not moving fast enough to ease rules to make refinancing more accessible, Democratic lawmakers said on Thursday.
09/15/11
NEW YORK (Reuters) - Troubled euro zone banks probably need more aggressive capital injections to get through turmoil caused by Europe's worsening debt crisis, top investors said at a Bloomberg...
09/15/11
WASHINGTON (Reuters) - New jobless claims rose last week to their highest since June and a gauge of New York State manufacturing contracted in September, sustaining the view the Federal Reserve could...
09/15/11
WASHINGTON (Reuters) - The U.S. inflation rate decelerated slightly in August as gasoline prices rose at a more modest pace and the cost of buying a new car held flat, the Labor Department said on...
09/14/11
THE ISSUE: Fears of a Greek default have shaken global financial markets; relief over even temporary fixes has triggered big rallies like on Wednesday. What can investors do to position themselves?
09/14/11
WASHINGTON (Reuters) - Another day, another academic study about how retirees should draw down their savings to make sure they last a lifetime.
09/14/11
NEW YORK (Reuters) - Investors and traders are rethinking whether the U.S. Federal Reserve might reduce the interest it pays banks on their excess reserves as another tool to stimulate lending and to...
09/14/11
NEW YORK (Reuters) - Chances the United States will lapse into another recession rose over the past month to nearly one in three as the economy faces a number of road blocks that could derail already...
09/14/11
NEW YORK (Reuters) The Securities and Exchange Commission's reported probe into leveraged exchange-traded funds as a catalyst in last month's violent market swings is unwarranted, several ETF...
09/14/11
WASHINGTON (Reuters) - Growth in retail sales stalled in August after a pitched battle over spending in Congress undermined faith Washington could steer the country clear of a double-dip recession,...
09/14/11
NEW YORK (Reuters) - Applications for U.S. home mortgages rose last week for the first time in a month as interest rates tumbled even further, an industry group said on Wednesday.
09/14/11
WASHINGTON (Reuters) - The Federal Reserve, facing rising global financial strains and recession fears, is poised to increase downward pressure on longer-term interest rates next week in a bid to...
09/13/11
THE ISSUE: As global economic growth slows, the biggest banks are shedding jobs, exiting businesses and scrambling for new sources of income. The question is: Is it time to jump into banking stocks...
09/13/11
WASHINGTON (Reuters) - Deep-pocketed pension and insurance funds are under increasing pressure to invest in riskier assets in emerging and developing countries to boost yields, the International...
09/13/11
NEW YORK (Reuters) - Are Generation X and Generation Y investors ready for a baby boom beating?
09/13/11
NEW YORK (Reuters) - Most investors remain neutral on the outlook for U.S. Treasury debt prices, although a few more were willing to step off the sidelines and take a position as benchmark yields...
09/13/11
WASHINGTON (Reuters) - The number of Americans living below the poverty line rose to a record 46.2 million last year as the U.S. economy struggled to recover from recession, the federal government...
09/13/11
NEW YORK (Reuters) - The number of U.S. homeowners underwater on their mortgages was little changed in the second quarter at 22.5 percent, data analysis company CoreLogic Inc said on Tuesday.
09/13/11
(Reuters) - Tax services provider H&R Block said it will not offer refund anticipation loans during the 2012 tax season, but will continue to provide other low-cost financial products.
09/13/11
(Reuters) - Career Education Corp, Washington Post Co's Kaplan and several other for-profit college chains have adopted a set of standards to regulate themselves after months of U.S. government...
09/13/11
WASHINGTON (Reuters) - The U.S. regulator for the brokerage industry will make its pitch to Congress on Tuesday for why it should be selected as the new self-regulatory watchdog for investment...
09/13/11
WASHINGTON (Reuters) - U.S. retirement programs could look different if a grand deficit-cutting bargain is struck in upcoming negotiations.
09/12/11
NEW YORK/CHICAGO (Reuters) - Fears of a global financial meltdown or a double-dip recession often send gold investors scurrying to put on bullish bets in the options market.
09/12/11
WASHINGTON (Reuters) - President Barack Obama is proposing cutting $467 billion in tax breaks for wealthier Americans and some companies to offset the cost of his job-creation plan, White House...
09/12/11
WASHINGTON (Reuters) - More than two years into a global economic recovery, the rich world again threatens to drag the developing world into recession, while monetary and fiscal authorities look...
09/12/11
SINGAPORE (Reuters) - Gold fell further on Monday after posting its worst closing since June last week but bargain hunters could cushion the fall, while escalating worries about Europe's ability to...
09/11/11
NEW YORK (Reuters) - Investors will grapple with more turbulence surrounding Europe's deepening debt problems this week and the prospect of another round of dismal data on the faltering U.S. economy.
09/09/11
NEW YORK (Reuters) - Investors will grapple with more turbulence surrounding Europe's deepening debt problems next week and the prospect of another round of dismal data on the faltering U.S. economy.
09/09/11
NEW YORK (Reuters) - The recent executive shakeup at Bank of America followed by reports of massive layoffs at the bank may leave you wondering what the turmoil means for you - either as a client of...
09/09/11
NEW YORK (Reuters) - Investors will grapple with more turbulence surrounding Europe's deepening debt problems next week and the prospect of another round of dismal data on the faltering U.S. economy.
09/09/11
NEW YORK (Reuters) - As Dawn chips away at paying back her $18,000 debt load, the 45-year old swears she'll never use credit again.
09/09/11
* THE ISSUE: President Barack Obama called on Congress late Thursday to pass a $447 billion package of spending initiatives and tax cuts to boost economic growth and generate jobs. Here are several...
09/09/11
NEW YORK (Reuters) - The struggling U.S. housing market is expected to fall a little further as it searches for a bottom, but home prices are seen ticking up modestly in 2012, according to a Reuters...
09/09/11
NEW YORK (Reuters) - Banking giant JPMorgan Chase & Co, a relative lightweight in retail wealth management, sees untapped riches residing in its own bank branches.
09/09/11
MARSEILLE, France (Reuters) - G7 finance chiefs meet on Friday under heavy pressure to take action to revive flagging economic growth in rich nations and calm the biggest confidence crisis in...
09/08/11
WASHINGTON (Reuters) - President Barack Obama laid out a $447 billion jobs package of tax cuts and government spending on Thursday that will be critical to his re-election chances but he faces an...
09/08/11
WASHINGTON (Reuters) -The number of Americans filing new claims for jobless benefits rose unexpectedly last week, further evidence of a weak labor market just hours before President Barack Obama...
09/08/11
NEW YORK (Reuters) - After learning the economy added no new jobs in August, investors say they are ready for bold ideas from Washington to put people to work.
09/08/11
* THE ISSUE: The end of Carol Bartz's rocky two-year tenure as chief executive at Yahoo and replacement by an interim chief suggests the company's turnaround is still down the road. The question is...
09/08/11
WASHINGTON (Reuters) - President Barack Obama will lay out a jobs package worth more than $300 billon on Thursday, staking his re-election hopes on a call for urgent bipartisan action to revive the...
09/08/11
WASHINGTON (Reuters) - Anyone expecting Federal Reserve Chairman Ben Bernanke to outline bold new measures to boost flagging U.S. growth on Thursday is likely to come away disappointed.
09/07/11
WASHINGTON (Reuters) - Tax year 2010 lives, at least for another month, and that means people who made Roth IRA decisions last year can revisit them until October 17. Savers who converted retirement...
09/07/11
WASHINGTON (Reuters) - The sluggish recovery failed to gain any speed in recent weeks and softened in some areas with factory activity sputtering and retail sales under pressure, the Federal Reserve...
09/07/11
BOSTON (Reuters) - For advocates of gender equality, this week's ouster of two of Corporate America's most powerful women served as a reminder of how little progress U.S. companies have made in...
09/07/11
WASHINGTON (Reuters) - The number of jobs waiting to be filled edged up slightly in July but hiring dipped, preventing a much-needed boost to the struggling economic recovery, government data showed...
09/07/11
LONDON (Reuters) - Even as anxiety over policy inertia, banking and sovereign debt crises dominate the headlines, a long-festering concern over the impact of aging Western populations on stock...
09/07/11
NEW YORK (Reuters) - Demand for U.S. home loans fell for a third straight week last week although mortgage rates fell to or near record lows, an industry group said on Wednesday.
09/06/11
NEW YORK (Reuters) - Stocks tumbled at the open on Tuesday, with indexes off more than 2 percent, on fears the euro zone's sovereign debt crisis was worsening and the U.S. economy was slipping back...
09/06/11
LONDON (Reuters) - Many jittery hedge funds are clinging to core stock holdings in the hope that a rebound in equity markets in the final four months of the year will save the $2 trillion industry...
09/06/11
WASHINGTON (Reuters) - Employment growth ground to a halt in August, reviving recession fears and piling pressure on both President Barack Obama and the Federal Reserve to provide more stimulus to...
09/05/11
LONDON (Reuters) - Pension funds in developed economies are facing a new crisis as falling equities and tumbling bond yields widen their deficits, threatening the incomes and retirement dates of...
09/04/11
NEW YORK (Reuters) - Friday's jobs report that showed hiring in the United States unexpectedly ground to a halt in August is increasing speculation the U.S. Federal Reserve will move to stimulate the...
09/03/11
WASHINGTON (Reuters) - Employment growth ground to a halt in August, reviving recession fears and piling pressure on both President Barack Obama and the Federal Reserve to provide more stimulus to...
09/02/11
NEW YORK (Reuters) - Friday's jobs report that showed hiring in the United States unexpectedly ground to a halt in August is increasing speculation the U.S. Federal Reserve will move to stimulate the...
09/02/11
LONDON (Reuters) - Vertically integrated stock exchanges would be opened to competition under draft European Union rules that will please countries such as Britain but pose a threat to powerful...
09/02/11
LONDON (Reuters) - The great August stock selloff has been far from uniform. Some sectors are now pricing in a far bigger risk of recession than others, leaving islands of potential value for the...
09/02/11
LONDON (Reuters) - August is over and it actually was not as bad for stocks as widely advertised.
09/02/11
WASHINGTON (Reuters) - U.S. employment growth ground to a halt in August as sagging confidence discouraged already skittish businesses from hiring, keeping pressure on the Federal Reserve to provide...
09/01/11
NEW YORK (Reuters) - A monthly gauge of online labor demand in the United States rose 2.1 percent in August, helped as retailers needed more workers for the back-to-school season, a private research...
09/01/11
WASHINGTON (Reuters) - The agency that oversees mortgage markets is preparing to file suit against "more than a dozen" big U.S. banks, accusing them of misrepresenting the quality of mortgages they...
09/01/11
NEW YORK (Reuters) - Nearly one in five homeowners does not have enough insurance to rebuild his home if it is destroyed in a disaster, market research company J.D. Power said on Thursday in its...
09/01/11
ZURICH (Reuters) - Some of the world's richest families are cutting their holdings in gold to take profits on the run-up in prices and are buying high-end art to preserve their wealth during market...
09/01/11
TORONTO (Reuters) - Trading volumes at U.S. retail brokerages surged in August due to a spike in market volatility, following the U.S. credit rating downgrade and amid ongoing concerns over global...
09/01/11
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, showing little sign of a pick-up in layoffs in the wake of a slump in business and consumer...
09/01/11
(Reuters) - Goldman Sachs and two other firms have agreed with the New York banking regulator to end the practice known as robo-signing, in which bank employees signed foreclosure documents without...
08/31/11
NEW YORK (Reuters) - U.S. retailers should report higher monthly sales in August, even though consumer confidence sagged and Hurricane Irene disrupted shopping along the East Coast during a key...
08/31/11
NEW YORK (Reuters) - One out of every 10 companies in the S&P 500 index -- including stalwarts like Apple and JPMorgan Chase -- is now cheaper than during the 2008-2009 market meltdown.
08/31/11
WASHINGTON (Reuters)- My mother passed away recently, a few months before her 91st birthday, after having spent the better part of the last 70 years smoking heavily and avoiding exercise whenever...
08/31/11
LONDON (Reuters) - Many of the world's biggest companies are failing to devise solid succession plans for the brand-heroes seen as the engines behind their businesses, investors say.
08/31/11
LONDON (Reuters) - Global investors slashed their holdings of equities below 50 percent this month and piled into cash, reflecting what was lining up to be the worst August for world stocks since...
08/31/11
NEW YORK (Reuters) - The pace of U.S. private sector job growth slowed in August for the second month in a row with employers adding 91,000 positions, a report by a payrolls processor showed on...
08/31/11
NEW YORK (Reuters) - Applications for U.S. home mortgages tumbled last week as demand for refinancing sagged for the second week in a row, an industry group said on Wednesday.
08/30/11
WASHINGTON (Reuters) - Twenty-five of the 100 highest paid U.S. CEOs earned more last year than their companies paid in federal income tax, a pay study said on Wednesday.
08/30/11
WASHINGTON (Reuters) - Democratic allies to President Barack Obama are rallying around a mantra that they say should guide his strategy on job creation: "Go bold."
08/30/11
WASHINGTON (Reuters) - The Obama administration is considering unveiling new plans next week to revive the ailing housing market and reduce foreclosures, including an effort to help troubled...
08/30/11
WASHINGTON (Reuters) - Democratic allies to President Barack Obama are rallying around a mantra that they say should guide his strategy on job creation: "Go bold."
08/30/11
WASHINGTON (Reuters) - Local and state governments axed more than 200,000 jobs in 2010, according to U.S. Census data released on Tuesday that showed the growing threat of public employee layoffs to...
08/30/11
NEW YORK/BISMARCK, North Dakota (Reuters) - Two top Federal Reserve officials diverged on Tuesday on the need for further action by the U.S. central bank to stimulate the flagging U.S. economic...
08/30/11
NEW YORK (Reuters) - With investors falling in and out of love with Wall Street at a rapid pace, some financial advisers are finding themselves playing a new role -- that of marriage counselor.
08/30/11
NEW YORK (Reuters) - Consumer confidence crumbled in August to its lowest level in more than two years as the fallout from political wrangling over a budget deal took its toll, according to a private...
08/30/11
WASHINGTON (Reuters) - The morning after Hurricane Irene blew through their Takoma Park, Maryland, neighborhood, homeowners Michael Desautels and Susan Hearn awoke to find a giant holly-leafed cherry...
08/30/11
NEW YORK (Reuters) - Single-family home prices dipped in June from May as the market continued to crawl along at depressed levels, a closely watched survey said on Tuesday.
08/30/11
NEW YORK (Reuters) - Bill Gross, the manager of the world's largest bond fund, feels like "crying in his beer" for having bet so heavily against U.S. government-related debt earlier this year, the...
08/29/11
WASHINGTON (Reuters) - The morning after Hurricane Irene blew through their Tacoma Park, Maryland, neighborhood, homeowners Michael Desautels and Susan Hearn awoke to find a giant holly-leafed cherry...
08/29/11
NEW YORK (Reuters) - The idea of a 1-handle for 10-year notes -- a yield of between 1 percent and 1.99 percent, that is -- would have sounded absurd a few weeks ago, but now some analysts think it...
08/29/11
WASHINGTON (Reuters) - Standing knee-deep in your wet basement is no time to find out that you're not insured for floods, but homeowners up and down the East Coast are experiencing that double...
08/29/11
WASHINGTON (Reuters) - Pending sales of existing U.S. homes fell in July from June in the latest sign of weakness in the housing industry, data from a real estate trade group showed on Monday.
08/29/11
NEW YORK (Reuters) - Hurricane Irene is expected to have caused substantial property losses, though figures are still hard to come by because of uncertainty about wind damage, catastrophe modeling...
08/29/11
WASHINGTON (Reuters) - Consumer spending rose at its fastest pace in five months in July, supporting views the economy was not falling back into recession.
08/29/11
WASHINGTON (Reuters) - Central bank chief Ben Bernanke once criticized Japan for dithering with its economic crisis. Now he tells the world he needs time to think.
08/28/11
WASHINGTON (Reuters) - Hiring by U.S. small businesses slowed in August and employers reduced hours, an independent survey showed on Sunday, suggesting the recent stock market turmoil may have...
08/28/11
JACKSON HOLE, Wyoming (Reuters) - Like a skilled poker player, Federal Reserve Chairman Ben Bernanke kept some cards close to his vest when facing fellow central bankers in cowboy country.
08/28/11
NEW YORK (Reuters) - Stocks are setting up for another turbulent week that will begin with a focus, oddly enough, on the weather.
08/26/11
NEW YORK (Reuters) - U.S. stocks are setting up for another turbulent week that will begin with a focus, oddly enough, on the weather.
08/26/11
NEW YORK (Reuters) - U.S. stocks are setting up for another turbulent week that will begin with a focus, oddly enough, on the weather.
08/26/11
WASHINGTON (Reuters) - The struggling U.S. economy expanded even more slowly than previously thought in the second quarter of 2011, but a breakdown of the growth suggested a new recession could be...
08/26/11
NEW YORK (Reuters) - Ben Bernanke did not prescribe a new dose of medicine for the ailing U.S. economy at this year's central bank confab amid Wyoming's Teton mountains, but he didn't give it a clean...
08/26/11
NEW YORK (Reuters) - While people in New York and the rest of the U.S. East Coast buy batteries and water ahead of Hurricane Irene, some investors are more focused on placing their bets just in case...
08/26/11
NEW YORK (Reuters) - U.S. consumer sentiment sank in August as consumers lost confidence in lawmakers' ability to stave off the threat of another recession, a survey released on Friday showed.
08/26/11
JACKSON HOLE, Wyoming (Reuters) - Those expecting Federal Reserve Chairman Ben Bernanke to pull a rabbit from his hat at a retreat for central bankers here on Friday may be in for a letdown.
08/26/11
WASHINGTON (Reuters) - The economy grew much slower than previously thought in the second quarter as business inventories and exports were less robust, a government report showed on Friday, although...
08/26/11
JACKSON HOLE, Wyoming (Reuters) - Those expecting Federal Reserve Chairman Ben Bernanke to pull a rabbit from his hat at a retreat for central bankers here on Friday may be in for a letdown.
08/26/11
LONDON (Reuters) - This year's heady bout of risk aversion on financial markets has ratcheted up demand for gold, U.S. Treasuries and the Swiss franc to levels that suggest they may no longer be the...
08/25/11
WASHINGTON (Reuters) - Facing pressure to keep money printing in check, U.S. central bankers are mulling a modest approach to stimulus that would give the struggling economy only a tiny boost -- if...
08/25/11
NEW YORK (Reuters) - The U.S. wealth management industry is shrinking, losing legions of advisers, just as demand for their services is on the rise.
08/25/11
JACKSON HOLE, Wyoming (Reuters) - The U.S. economy will continue to grow at a modest pace as consumers and businesses pare back excessive amounts of debt, a top Federal Reserve official said.
08/25/11
WASHINGTON (Reuters) - New U.S. claims for unemployment benefits rose more than expected last week, lifted by striking Verizon Communications workers, a government report showed on Thursday.
08/25/11
NEW YORK (Reuters) - The number of sales of bank-owned U.S. homes remained high in the second quarter, while sales of homes in default or scheduled for auction rose compared to the previous quarter,...
08/25/11
WASHINGTON (Reuters) - Large U.S. banks defending themselves against a mass of state and federal mortgage probes face a difficult tactical decision following New York state's exit from settlement...
08/24/11
NEW YORK (Reuters) - For some, a decades-old way of valuing markets known as the Fed model says it's time to buy stocks and get out of bonds.
08/24/11
WASHINGTON (Reuters) - You've got to put your money somewhere, right? Under the mattress doesn't really work as a retirement program. It's lumpy, vulnerable to theft and your kids might find it.
08/24/11
NEW YORK (Reuters) - Whether the Federal Reserve likes it or not, its unprecedented monetary polices over the last few years have conditioned the financial markets to expect a helping hand when the...
08/24/11
NEW YORK (Reuters) - Home mortgage applications for purchases fell to a nearly 15-year low last week as resurgent worries about the strength of the economy kept buyers at bay, an industry group said...
08/24/11
NEW YORK (Reuters) - When Sean McGowan signed a contract to buy a New Jersey home in November, he didn't expect he'd still be living with his parents nearly a year later.
08/23/11
NEW YORK/SINGAPORE (Reuters) - As gold prices near $2,000 an ounce, some bulls say it's time to take money off the table after the safe-haven rally extended too far too fast in recent weeks.
08/23/11
NEW YORK (Reuters) - As gold prices near $2,000 an ounce, some bulls say its time take money off the table after the safe-haven rally extended too far too fast in recent weeks.
08/23/11
NEW YORK (Reuters) - Whether the Federal Reserve likes it or not, its unprecedented monetary polices over the last few years have conditioned the financial markets to expect a helping hand when the...
08/23/11
THE ISSUE: Volatile equity markets have investors rushing to short-term Treasury ETFs yielding less than zero. But ETF experts say there may be a better safe-haven option.
08/23/11
WASHINGTON (Reuters) - The U.S. agency that runs government health insurance is launching a program that would bundle insurance payments for multiple procedures in the hope of improving patient care...
08/23/11
WASHINGTON (Reuters) - New single-family home sales fell more than expected in July to hit a five month low and the prior month's pace was revised down, though the supply of homes available on the...
08/23/11
NEW YORK (Reuters) - Investors remain cautious with their U.S. Treasuries holdings in advance of a speech from Federal Reserve Chairman Ben Bernanke, which some are hoping that he could signal more...
08/23/11
CHICAGO (Reuters) - The aging of the U.S. baby boom generation may slow an already weak recovery as boomers sell stocks to pay for retirement, according to research released Monday from the San...
08/23/11
PARIS (Reuters) - Some of France's richest people, including the billionaire heiress of L'Oreal SA and the head of oil major Total SA, urged the government to tax them more to help solve the...
08/23/11
LONDON (Reuters) - Memories of the panic that engulfed the world after the collapse of Lehman Brothers in 2008 have hardened rich investors who have held their nerve and resisted the impulse to dash...
08/22/11
NEW YORK (Reuters) - Genna Saucedo supervises cashiers at a Wal-Mart in Pico Rivera, California, but her wages aren't enough to feed herself and her 12-year-old son.
08/22/11
WASHINGTON (Reuters) - When the going gets tough, the tough find more financial advisers. That seems to be the message of the last few years, as rocky markets and investment scandals have sent...
08/22/11
CHICAGO (Reuters) - Consumer confidence has fallen further after weeks of intensified economic concerns and broad stock market declines, and Conference Board data due later this month could be even...