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Friday, October 12, 2012

Reuters Money: Fund pioneer Bent, testifying at trial, tries to shift blame

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10/12/2012

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

Fund pioneer Bent, testifying at trial, tries to shift blame

NEW YORK (Reuters) - Money market pioneer Bruce Bent took a swipe at the U.S. government's response to the 2008 financial crisis when he testified at his own trial on Thursday, describing the desperate situation that led to the death of his conservative fund.

The new U.S. visa rush: Build a charter school, get a green card

(Reuters) - It's been a turbulent period for charter schools in the United States, with financial analysts raising concerns about their stability and regulators in several states shutting down schools for poor performance.

U.S. drilling frenzy slows as natgas liquid prices fall: Kemp

LONDON (Reuters) - Frantic drilling activity across the United States has at last begun to moderate, as the industry responds to the plunge in prices for natural gas and now liquids such as butane and natural gasoline.

Seniors face a tiny Social Security raise next year

CHICAGO (Reuters) - Last October seniors got some really good news about their Social Security cost-of-living adjustment. This October? Not so much.

Should you buy extra insurance at work?

NEW YORK (Reuters) - Does an office perk count as a benefit if you pay for it yourself? Apparently so, because an increasing number of companies are using so-called voluntary benefits to bulk up workplace offerings.

So you've got an HSA, now what do you do with it?

NEW YORK (Reuters) - If your company tells you it's replacing your health insurance with a high deductible plan paired with a health savings account - or adding that option to your benefits menu - you might want to make your first stop the information technology department rather than human resources.

Money market funds fell by $1.38 billion in latest week: ICI

(Reuters) - The Investment Company Institute on Thursday issued the following money market mutual fund assets report:

Goldman CEO: I'll pay 5 percent more tax for budget deal

WASHINGTON (Reuters) - Goldman Sachs Chief Executive Lloyd Blankfein on Thursday became the latest big-name business leader to pledge to pay a steeper tax rate - 5 percent more, he said - in exchange for a long-term bipartisan deal in Congress to keep the country from falling off the "fiscal cliff."

U.S. jobless claims fall to lowest in four and half years

WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits slid last week to the lowest level in more than four and a half years, according to government data that may provide a boost to President Barack Obama a month before voters go to the polls.

Fed's Yellen says Europe, housing strains stifling U.S. recovery

WASHINGTON (Reuters) - The U.S. economic recovery continues to be hampered by spillover effects of the European crisis and a downtrodden housing market, Federal Reserve Vice Chair Janet Yellen said on Thursday.