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Thursday, October 11, 2012

Reuters Money: Jobless claims fall to lowest in four and a half years

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10/11/2012
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
Jobless claims fall to lowest in four and a half years
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell sharply last week to the lowest level in more than four and a half years, according government data on Thursday that suggested improvement in the labor market.
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.
U.S. foreclosures at lowest level in five years: RealtyTrac
(Reuters) - Foreclosure filings on U.S. homes in September fell to their lowest level in five years, but some states are still seeing their foreclosures rise, a report from RealtyTrac said on Thursday.
BofA mortgage workforce swells even as it tightens belt
(Reuters) - The Bank of America Corp unit that handles troubled home loans has grown more than tenfold since the bank bought ailing mortgage lender Countrywide Financial in 2008, documents obtained by Reuters show, shining new light on the scale of the clean-up the purchase entailed.
Global army of online freelancers remakes outsourcing industry
LIPA CITY, Philippines (Reuters) - Not far from the world of regimented cubicles and headset-toting call center operators, a quiet revolution is stirring in its slippers.
Is your boss watching your cholesterol?
NEW YORK (Reuters) - If you're an employee who's looking to save money or make more of it, here's a little advice: Step away from the cigarettes and chocolate éclairs. They might cost you - and not just in your lungs or on your hips.
Fund pioneer Bent takes stand at trial Thursday; juror excused
NEW YORK (Reuters) - Money market pioneer Bruce Bent will testify on Thursday at a trial in which U.S. market regulators accuse him and his son of fraud as they tried to stop a run on their Reserve Fund in the September 2008 financial crisis.
Freelance? An IRS audit may be in your future
(The writer is a Reuters contributor. The opinions expressed are his own.)
Don't let your finances fall off the cliff
WASHINGTON (Reuters) - It's time to watch Washington to see just how bad your New Year's eve is going to be. Without any action in the Capitol, the U.S. economy is said to be poised to fall off of a "fiscal cliff."
JPMorgan must pay $18 million in trust mismanagement case
(Reuters) - A U.S. state court has ordered JPMorgan Chase & Co to pay more than $18 million to a trust in a suit stemming from the bank's recommendation of a security that was unsuitable for the trust and benefited the bank.
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