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Wednesday, March 21, 2012

Reuters Money: General Mills profit dips as commodity costs rise

Reuters » Money 2012
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03/21/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
General Mills profit dips as commodity costs rise
(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.
Insight:The Wall Street gold rush in foreclosed homes
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.
IRS forms "SWAT team" for tax dodger crackdown
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 strategy the agency has targeted before with only limited success.
U.S. muni defaults another blow for insurers
(Reuters) - A growing number of U.S. cities are choosing to fund essential services like public safety and garbage collection over making payments on their outstanding debt, as rising costs and falling revenue deplete their budgets.
Global regulators to tighten up bank disclosures
LONDON (Reuters) - Global regulators called on banks to give investors more precise and relevant information about risks from next year or face mandatory rules.
Buffett millionaires' tax would raise $31 billion
(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 billion over a decade, said a congressional report released on Tuesday.
Health care among top jobs for young people
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 young people.
How to Play It: A dividend strategy with Apple in mind
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 gains by buying companies that are likely to initiate or increase dividends.
U.S. space tourism set for takeoff by 2014, FAA says
CAPE CANAVERAL, Florida (Reuters) - The Obama administration is preparing for a space tourism industry that is expected to be worth $1 billion in 10 years, the head of the Federal Aviation Administration's commercial space office said on Tuesday.
Dealing with clients' scandal anxiety
NEW YORK (Reuters) - When Wall Street misbehaves, it's often a financial adviser who ends up on the hot seat, left to answer the public's questions.
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General Mills profit dips as commodity costs rise
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